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Day: November 19, 2014
November 192014
NZ Dollar Falls on Risk-Off Sentiment, Bounces
The New Zealand dollar fell today as the market sentiment remained negative for currencies associated with risk. Japan with its economic problems is still a major source of concerns for investors, which drives them away from higher-yielding assets. As of now, the kiwi trimmed losses versus its US counterpart and trades near the opening level against the Japanese yen. The Forex market has been in the risk-off mode since Japanese Prime […]
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November 192014
Yen Reaches Fresh Multi-Year Lows
The Japanese yen reached fresh multi-year lows today even though the Bank of Japan decided to keep its monetary policy unchanged, refraining from additional stimulus. It looks like negative factors are just too strong, muting any good news for the currency. The vast majority of Board members voted for keeping the size of asset purchases unchanged during today’s meeting, with only one dissenter. The central bank expanded […]
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November 192014
BOE Minutes Help UK Pound
The latest minutes from the Bank of England are helping the UK pound today. The minutes seem to indicate that some members of the Monetary Policy Committee are getting nervous about inflation, and some think that could mean that the BOE is ready to take action that could support the sterling. The minutes to the last Monetary Policy Committee meeting at the Bank of England have been released, and they indicate that a hawkish tone […]
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November 192014
US Dollar Slightly Lower, But Firm
Even though the US dollar is slightly lower against some of its major counterparts, it is still quite firm today. Many Forex traders are waiting for the release of the minutes from the latest Fed meeting to get an idea of what could be next. Greenback is trading slightly lower against its European counterparts, and the dollar index is a little lower right now. However, the losses sustained by the greenback […]
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November 192014
False Rally of EUR/USD
EUR/USD attempted to rally after the Federal Open Market Committee released minutes of its October meeting. The rally turned out to be false as the currency pair retreated to the opening level very quickly. Housing starts were at the seasonally adjusted annual rate of 1.01 million in October, a little below the September’s value of 1.04 million. Analysts expected the indicator to stay little changed. Building permits were at the seasonally adjusted annual rate of 1.08 […]
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November 192014
Pound Remains Extremely Bearish
The Great Britain pound fell today against other majors, including the US dollar and the euro. The currency also failed to rise against the Japanese yen, retreating to the opening level after the earlier rally. The sterling was unable to rally even as Britain’s inflation accelerated. The Office for National Statistics reported that the Consumer Price Index rose 1.3 percent in October. Analysts have expected the rate of expansion to stay at the September’s level of 1.2 percent. […]
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November 192014
Euro Gains with Help of Positive Economic Sentiment
The euro ended yesterday’s trading session with solid gains and is trading sideways during the current session, unsure where to go now. The currency was rising on the back of the surprisingly good European economic sentiment. The ZEW Indicator of Economic Sentiment for Germany climbed from -3.6 in October to 11.5 in November. The actual figure was far above the predicted reading of 0.9. The Indicator of Economic Sentiment for the Eurozone has jumped from 4.1 to 11.0 […]
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