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Day: December 7, 2015
December 72015
What Will Fed Decide on December 16? Poll
In March, I have posted a poll asking about traders’ forecast on the US interest rate by the end of 2015. The most popular answer was that there will be no rate increase but rather a new round of quantitative easing. Obviously, it is no longer a viable option. The weird thing is that no one has voted that the interest rate will be raised on December meeting — the only meeting […]
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December 72015
Euro Down vs. Dollar & Yen, Up vs. Sterling
The euro fell against the US dollar and the Japanese yen today but gained versus the Great Britain pound. Forex traders continued to digest events of the previous week and speculate about the future of the currency. The shared 19-nation currency ended the last week with significant gains and it is far from losing them despite the decline during the past couple of sessions. With no major events and quiet trading due to the nearing holiday […]
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December 72015
Greenback Surges on Oil Prices, Fed Expectations
US dollar is heading higher today as falling oil prices take their toll on other currencies, and as expectations for the next Federal Reserve meeting ramp up. There is a lot going on right now, and much of it is supporting the US dollar in currency trading on the FX market. Oil prices continue to drop, and that is helping the greenback, which normally moves inversely to crude oil. Lower oil prices are […]
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December 72015
Candian Dollar Plunges Along with Oil Prices
Canadian dollar is heading much lower against most of its major counterparts, thanks in large part to the continuing drop in oil prices. The Canadian dollar is supported in large part by oil prices that help keep the Canadian economy growing. The support of oil prices is an important part of everything from jobs to home prices in Canada. As a result, as oil prices have continued to drop, the loonie is struggling, especially against […]
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December 72015
Market Waits for RBNZ, Outlook Negative for NZD
The major event for the New Zealand dollar this week is the monetary policy meeting of the Reserve Bank of New Zealand. Unfortunately for the currency, the policy outlook is dovish. The kiwi (as the New Zealand currency is nicknamed) has entered an uptrend last week with the help of positive economic data. GlobalDairyTrade reported that dairy prices increased after the losing streak that has lasted two auctions. The ANZ business confidence improved, […]
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December 72015
NZ Dollar Drops amid Easing Speculations
The New Zealand dollar tumbled today amid speculations that the Reserve Bank of New Zealand is going to cut interest rates at this week’s policy meeting. The RBNZ policy meeting is scheduled to Wednesday, December 9. Experts speculate that the central bank is going to ease its monetary policy, reducing the main interest rate by 25 basis points to 2.5 percent. Such talks, as well as the outlook for tighter monetary […]
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December 72015
Positive Data from Australia Doesn’t Help Australian Dollar
The Australian dollar dropped against the US dollar and the Japanese yen today despite positive economic data from Australia. The most likely reason for the drop was risk aversion caused by anticipation of an interest rate hike from the Federal Reserve. The number of ANZ job advertisements rose by 1.3 percent in November, demonstrating the fourth consecutive monthly increase. The report said: Australiaâs labour market continues to send positive signals about the current state […]
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