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Day: August 25, 2015
August 252015
Euro Pulls Back After Yesterday’s Surge
Euro is pulling back against some of its major counterparts today. After yesterday’s surge, some Forex traders are taking profits, while others wait to see if the global instability subsides. Yesterday, global market instability boosted the euro as money flows changed direction. Euro made big gains, especially against the US dollar. Today, things are settling down a little bit and the euro is losing […]
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August 252015
US Dollar Index Moves Higher, Although Gains Are Limited
US dollar index is moving higher today, recovering above the 94.00 level after yesterday’s drop to near the 92.60 level as the carnage in world markets weighed on a number of markets. Today, things are looking mostly up, and the greenback is higher, although gains are limited by speculation that the Fed won’t move to raise rates until the first quarter of 2016. Speculation that the Federal Reserve will raise interest rates […]
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August 252015
NZ Dollar Gains After Monday’s Plunge
The New Zealand dollar reversed its movement after yesterday’s slump, rising a bit today. Gains were nowhere near the previous losses, though, and it may be nothing more than just a small correction. The New Zealand dollar behaved very similar to its Australian counterpart, plunging yesterday (sinking more than 5 percent against the Japanese yen) but bouncing a little today. Unlike the Aussie, the kiwi got […]
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August 252015
Australian Dollar Recovers After Huge Slump
The Australian dollar rose today even though neither domestic macroeconomic data nor the general market sentiment was supportive for the currency. It looks like traders thought yesterday’s mind-boggling losses were a bit excessive. Conference Board reported today that the leading index for Australia dropped 0.2 percent in June after rising at the same rate in the preceding month. The report followed the Monday’s news from China that hurt most […]
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August 252015
EUR/USD Slips Back After Huge Jump
EUR/USD soared 2 percent on Monday even though the Forex market was driven by risk aversion as the Chinese stock market plunged yet again. Today, the currency pair retreated but is far from erasing its momentous gains. S&P/Case-Shiller home price index rose 5.0% in June from a year ago, at the same rate as in the previous month and in line with expectations. Month-on-month, the indicator was up 1.0%. (Event A on the chart.) […]
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August 252015
Russian Ruble Sink on Monday
The Russian ruble sank on Monday against the US dollar and the euro but remained well above the all-time lows. On Tuesday, the currency retained weakness versus the dollar but moved a bit higher against the euro. The ruble sank 2.3 percent against the US currency and 4.1 percent versus the shared currency of the eurozone during the first trading session of the week. Yet Russian markets showed muted reaction to the news as they were mostly concerned […]
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