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Day: January 28, 2015
January 282015
Dovish RBNZ Statement Sends NZ Dollar Down
The New Zealand dollar crashed today after the Reserve Bank of New Zealand announced its monetary policy decision. While the central bank did not change interest rates, the statement sounded rather dovish. The RBNZ decided to keep its main interest rate at 3.5 percent during today’s policy meeting. Yet the statement sounded rather negative for the NZ dollar as Governor Graeme Wheeler was unhappy about the strength of the currency, […]
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January 282015
Dollar Rises Even as Fed Talks About Patience
The US dollar rallied against the majority of its most-traded peers today after the Federal Reserve released statement of its first monetary policy meeting this year. The biggest loser was the Canadian dollar, while the Japanese yen was able to hold ground against the greenback and demonstrated an upward bias. The US currency managed to rally even as the Fed reiterated that it “can be patient in beginning to normalize the stance of monetary policy”. […]
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January 282015
Going Long USD/RUB Again
I did not advertise my previous USD/RUB position because my original intention was just to hedge some of my currency risks. It resulted in the most successful trade in my Forex career. This time, I have decided to re-enter the long based on a number of factors and with double purpose — profit and hedging. Following its December 15 collapse, the Russian currency has managed to recover a lot of its losses during the remaining days of 2014. However, it […]
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January 282015
EUR/USD Retains Weakness After FOMC
EUR/USD trades below the opening level right now. The currency pair attempted to bounce after the Federal Open Market Committee released its policy statement, reiterating words about patience in timing for raising interest rates. Yet the euro fell back quickly, and it looks like the shared 19-nation currency is going to continue moving down. Crude oil inventories increased by 8.9 million barrels last week. The increase was […]
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