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Day: October 13, 2014
October 132014
Yen Gains, Downside Threat Remains
The Japanese yen rose today against the US dollar and the Great Britain pound, which were demonstrating softness at the current trading session. But the Japanese currency was unable to outperform the euro, which is now trying to gain ground after it has halted its long decline. The Monday’s trading session was rather quiet as markets in many countries, including Canada, Japan and the United States, were closed for various holidays. […]
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October 132014
Dollar Continues to Experience Weakness
The US dollar continued to experience weakness today as comments of US policy makers were less hawkish than dollar bulls have hoped for, suggesting that the long-awaited monetary tightening may be postponed, and this reduced the appeal of the US currency. Minutes of the latest Federal Reserve policy meeting were not as optimistic as was expected, resulting in rather poor performance for the dollar last week. The greenback started this week retaining […]
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October 132014
Euro Receives Respite
Euro is heading higher against many of its major counterparts today, gaining ground as a respite from recent difficulties. Once again, the ECB is promising to do what it takes to keep the eurozone afloat, and that is providing at least some support for the 18-nation currency. Recently, the euro area was pegged as the weakest economic segment in the world economy, and leaders encouraged to do what they can to stimulate growth. In the past, […]
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October 132014
South Korean Won Joins Rally After China’s Data
Today’s trade data from China helped many currencies of emerging markets, especially Asian ones. The South Korean won was among winners, rising against the US dollar, which continues to struggle after it has halted its rally. While the Chinese trade balance was somewhat disappointing to economists, the data was not entirely bad and was well-received by market participants, allowing riskier currencies to rally. China is […]
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October 132014
Australian Dollar Rises on China’s Trade Data
The Australian dollar rose as today’s trade data from China was generally well-received by Forex market participants, leading to fairly positive outlook for Australia’s economy that depends on trading with its Asian partner strongly. The balance of China’s imports and exports resulted in the surplus of $31 billion in September. While the figure was below analysts’ expectations and the previous month’s reading, the excess more than doubled from the same period a year ago. […]
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October 132014
What Is the Long-Term Future of EUR/CHF?
Having sold my long EUR/CHF positions a few days ago, I still retain my interest in the potential moves of this currency pair. My last year’s poll about EUR/CHF future has shown an excessive level of bullish optimism among this blog’s readers, who expected it to go up to 1.3000 by the end of 2013. Since SNB‘s introduction of the minimum exchange rate of 1.2000, EUR/CHF is trading in a rather narrow range with some […]
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