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Day: August 26, 2014
August 262014
Market Sentiment Helps Yen Maintain Rally
The Japanese yen gained today with help of the general risk-negative market sentiment and good economic data from Japan itself. The currency gained for a second consecutive session against the US dollar and for a third session versus the euro. The Forex market continues to favor safer currencies as geopolitical tensions in Eastern Europe and Middle East make traders averse to risk. Such sentiment was driving the yen up yesterday and continues to benefit the currency today. […]
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August 262014
Euro Struggles on Easing Expectations
Even though the euro is higher against some of its major counterparts, the 18-nation currency is struggling today. Euro has slipped lower against the US dollar, and is barely holding its own against the UK pound. Expectations that the ECB could ease policy further next week are weighing. There is speculation, following comments made by Mario Draghi in Jackson Hole, Wyoming over the weekend, that […]
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August 262014
NZD/USD Falls to Lowest Since February on Trade Deficit
The New Zealand dollar declined today after the nation’s trade balance demonstrated a bigger deficit than was expected by analysts. The currency reached the lowest rate since February against its US counterpart. New Zealand’s trade balance showed a shortage of NZ$692 million in July, compared to the median forecast of NZ$475 million. It was the first deficit in nine months. The kiwi sank against the greenback after the report, but recovered later […]
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August 262014
UK Pound Continues to Struggle
UK pound continues to struggle in Forex trading today, thanks in large part to the fact that the economic data isn’t holding up, and Bank of England policymakers don’t seem to be on the same page. Sterling is struggling today, down against its major counterparts, thanks in large part to the latest economic news out of the United Kingdom. The latest figures for July inflation show a slowing for the United Kingdom, which means the economy isn’t […]
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August 262014
EUR/USD Drops to New Lows
EUR/USD attempted to rally today but failed and fell to the lowest level since in almost a year. The dollar continues to show strength thanks to last week’s hawkish comments for US policy makers as well as positive macroeconomic data. Durable goods orders surged 22.6% in July. It was a very impressive result compared to the predicted increase of 7.8% and the revised June figure of 1.7%. (Event A on the chart.) S&P/Case-Shiller home price index rose 8.1% […]
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