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Day: October 27, 2014
October 272014
Japanese Yen Gains Ground Against Major Counterparts
Japanese yen is heading higher against its major counterparts today, getting help from the latest economic data. With an improvement in data, there is the thought that maybe the Japanese government won’t be quite so aggressive at pursuing weakness for the yen. Today, there is a report that the corporate service price index is seeing a gain of 3.5 per cent year over year in Japan. This news […]
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October 272014
Euro Gets a Little Help From Stress Test Results
Euro is getting a little help today in Forex trading, thanks to the latest round of stress test results from banks. Things seem to be improving for banks, and that means that there are fewer fears regarding the eurozone. There is still a ways to go for the eurozone recovery, and for the 18-nation currency, but things are looking a little bit better. The latest round of bank stress tests administered by the European Central Bank […]
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October 272014
Forex Hedging as a Means to Protect Against Currency Risks
While most traders incorrectly believe that Forex hedging is going both long and short on the same currency pair at the same time, the term actually has a much broader meaning. The main purpose of hedging is to protect. In case of financial trading, the goal of hedging is to protect trader’s capital. As you can see, the goal here is not to make profit, but to limit losses, which sometime means a smaller guaranteed […]
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October 272014
EUR/USD Edges Higher on US Housing Data
EUR/USD rose today as US housing data trailed expectations, damping bets on an early interest rate hike from the Federal Reserve. The currency pair also advanced after the stress-test of European banks that provided relatively positive results. Pending home sales rose 0.3% in September, trailing market expectations of 1.1%. Sales were down 1.0% in the previous month. (Event A on the chart.) On Friday (October 24) a report on new home sales […]
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