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Day: July 21, 2015
July 212015
CAD Rallies vs. USD as Crude Oil Halts Decline
The Canadian dollar gained on its US peer today as crude oil prices steadied, helping the loonie to halt its decline. The Canadian currency did not fare as well against other major rivals, being flat against the Japanese yen and sinking versus the euro. Prices for raw materials got support from the drop of the US dollar, helping commodity currencies. The Canadian dollar is one of such currencies. Prices for crude oil, […]
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July 212015
Dollar Pulls Back on Tuesday
The US dollar pulled back today as the market sentiment improved, reducing the need for safety provided by the currency, and traders started to take profit from their long positions. The greenback also fell due to the market sentiment that has been improving after Greece reached a deal with its European creditors. The dollar’s drop benefited commodities, priced in the US currency, and commodity currencies as a result. The near-term outlook for the greenback remains bullish on prospects […]
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July 212015
Positive Market Sentiment Allows Aussie to Ignore RBA Minutes
The Australian dollar rallied today, ignoring the negative impact of the monetary policy meeting minutes released by the Reserve Bank of Australia. The positive market sentiment supported the currency. The traders’ mood improved due to the signs that the eurozone may overcome its troubles, most importantly the debt crisis in Greece. The optimistic market sentiment was especially beneficial to commodity currencies as it halted the rout of prices for raw materials. The Aussie joined the rally together with […]
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July 212015
Czech Koruna Slips as Central Banks Warns About Intervention
The Czech koruna fell against the euro today as the nation’s central bank warned about a possible intervention to curb excessive gains. The currency gained on the US dollar. Many currencies of emerging markets were firm against the euro today but the koruna was not among them. The reason for this was the warning from the Czech National Bank that it will intervene on the currency markets if the koruna rises above the 27 per […]
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July 212015
Forex News on Mobile
According to one of my older polls, more than a half of this blog’s readers pay attention to Forex related news. A more recent poll suggests that FX traders give preference to websites and social networks when reading news about currencies. But what choice do traders have when it comes to getting news via mobile devices, particularly on phones? I would point out the following possibilities of reading the Forex […]
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