Day: February 10, 2015

February 10
2015

Japanese Yen Finds No Support from Risk-Negative Sentiment

The Japanese yen dropped against its major counterparts today even as the market sentiment was not particularly favorable to risk and should have boosted safe haven assets. The yen is considered to be a safe currency and often rallies in times on fear and uncertainty. With troubles in Greece and poor economic indicators from China, one could assume that the Japanese currency would rise. Yet this has not came to pass. […]

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February 10
2015

Market Sentiment & Drop of Oil Prices Drag Canadian Dollar Down

The Canadian dollar dipped today because of the risk-negative sentiment prevalent on the Forex market as well as due to the drop of crude oil prices. The loonie, as most other currencies, attempted to rally against the Japanese yen at the beginning of the current trading session but failed and trades below the opening level as of now. Concerns about Greece and its potential exit from the eurozone continue to make traders nervous and less willing to risk. The recent string on negative economic […]

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February 10
2015

GBP Steady vs. USD, Rallies vs. JPY

The Great Britain pound was steady against the US dollar but rallied versus the Japanese yen together with most other major currencies today even though macroeconomic indicators from the United Kingdom missed analysts’ projections, highlighting difficulties that the British economy is experiencing. Industrial production fell 0.2 percent in December from November instead of rising 0.3 percent as was predicted by experts. While manufacturing production […]

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February 10
2015

Aussie Extends Rally vs. Yen, Drops vs. Greenback

The Australian dollar continued to rally against the Japanese yen today following yesterday’s gains but fell against other major currencies including the US dollar. News from Australia itself was good but reports from China were disappointing. Australian business confidence improved a little in January, and the House Price Index grew in the last quarter of 2014. Meanwhile, China’s consumer inflation slowed much more than was anticipated […]

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February 10
2015

US Dollar Index Heads Higher as Greek Drama Continues

US dollar index is heading higher against today, helped along by Greek drama as the euro struggles. There doesn’t seem to be a good solution to the Greek problem right now, and there are now calls for Greece to abandon the euro — and perhaps use the dollar. Greenback is trading mixed today against its major counterparts, but the dollar index is higher, thanks in large part to the fact that the euro is […]

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February 10
2015

Swiss Franc Drops in Forex Trading

Swiss franc is lower today, even though it has been showing some strength recently. Franc is even lower against the euro today, and the euro is struggling in general. Swiss franc is heading lower as deflationary pressures set in, thanks to the recent move by the Swiss National Bank to unpeg the franc from the performance of the euro. Last month, the SNB got rid of the peg, and it’s been an interesting ride […]

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