With debt issues of Greece and quantitative easing from the European Central Bank, the euro had plenty of reasons to drop and it did so against the US dollar. Surprisingly enough, the currency moved sideways against the Great Britain pound and even gained on the Japanese yen. Talks between Greece and its European creditors reached impasse yet again as Greece’s plans for economic reforms were found inadequate. This means that the threat […]
Read moreThe US dollar has been in a corrective mode lately but was attempting to renew its rally for the last several trading sessions. Is this a sign of resumption of a bullish trend or just a noise on the market? The greenback was struggling to regain its footing during the past week. The string of poor macroeconomic reports was hampering such attempts while the speech of Janet Yellen, Chairperson of Federal Reserve, supported the US currency in its struggle. […]
Read moreJapan’s industrial production declined last month, resulting in a drop of the Japanese yen during the current trading session. The yen fell against the US dollar and even against the euro, though it fared better versus other currencies. Japan’s industrial production was down 3.4 percent in February, almost two times the value forecast by experts. This made the yen vulnerable to its rivals. Still, the Japanese currency managed to hold ground […]
Read moreCommodity currencies were on the back foot today as the US dollar continued to fight for dominance on the Forex market. The Australian currency was among losers falling for the fourth straight trading session against its US peer and the Japanese yen. The greenback was fighting downside pressure last week and continued its battle today. So far, it is winning, and this put other currencies on the back seat. Currencies linked to performance of raw […]
Read moreThe US dollar was struggling to gain ground on Friday following the initial losses and had a limited success. The US currency had to wait for Monday to really regain its strength. The greenback gained on the euro during the current trading session but has trouble to follow through with its rally. EUR/USD is consolidating right now even though the recent US economic data was favorable to the dollar. Personal income increased 0.4% […]
Read moreThis post’s titular question is probably the most important one for the long-term FX traders, or at least for those who trade USD pairs. Looking at my last attempt to outsource the prediction of the future interest rate increase by the Federal Reserve, I realize that it does not look very good. The vast majority of blog’s readers (56%) expected the rates to go up in 2014 and only 11% of voters chose 2015 as the year of the first lift. […]
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