The US dollar was soft during Tuesday’s trading. The currency managed to gain on the Japanese yen but had little success against other most-traded currencies. Chinese stocks dropped at the start of the trading session but bounced to close higher. This led to a rally of other global stocks and the risk-favorable sentiment on the markets. Another reason for traders’ optimism was speculations that the September interest rate hike from the Federal Reserve is highly […]
Read moreThe Canadian dollar rallied together with other commodity currencies today due to the uplifted mood of Forex traders. Now, speculators focus on the central bank’s policy meeting scheduled for tomorrow. Traders were speculating that the US central bank is not ready to start the cycle of monetary tightening just yet. Such talks bolstered prices for commodities and, by the same token, currencies related to raw materials. The loonie was one of them, […]
Read moreEuro is gaining today as good news out of the eurozone provides a boost. Risk appetite is returning to the markets today, and euro is getting some help from that, even though lately the euro has been treated more like a safe haven. In recent weeks, the euro has been used to fund carry trades, with its low rate. Now, though, the 19-nation currency is getting a bit of a boost […]
Read moreThe Australian dollar climbed more than 1 percent against the US dollar and the Japanese yen. The currency rallied even as macroeconomic data from China and Australia itself was rather negative. The NAB Business Confidence index deteriorated slightly in August, falling from 4 to 1. China’s imports and exports declined in August, though this resulted in a better trade balance as imports dropped more than exports. Yet the Aussie rallied despite […]
Read moreThe Japanese yen dropped today even though economic data from Japan was better than economists’ expectations. Market analysts thought that the reason for the drop was the improvement of the traders’ sentiment. Japan’s gross domestic product contracted 0.3 percent in the second quarter of this year. It was not a very good reading by itself, but at least it was a tad better than the consensus forecast that had promised […]
Read moreFour years have passed since I published my previous list of Forex blogs to follow. Two of the blogs mentioned there are no longer active (fxmadness.com and ForexBlog.org). I have also switched some priorities in my Forex reading, so the current recommended blogs list looks as following: Ben Bernanke’s Blog — my best discovery of 2015. A real gem on interest rates, monetary policy and Fed’s tactics. Helicopter Ben does not post too […]
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