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May 17
2008

Asian Currencies Fell on High Oil Costs

The Asian currencies fell this week as the oil prices surged and the rising inflation concerns forced foreign investors to cut the inflow of liquidity into this region. Indian rupee and Malaysian ringgit led the seven out of the ten most traded Asian currencies (excluding the Japanese yen) that dropped after the Federal Reserve representatives stated that the high inflation becomes a real challenge as the oil prices rose to the new historical maximum. Recent […]

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May 16
2008

Exto Capital — Another Swiss Broker

While NFA makes its requirements more strict for the Forex brokers operating in U.S. and the senate tries to enforce the regulation with CFTC, more and more brokers choose Switzerland as their primary location. Swiss regulation is reliable and authoritative, but now it remains more liberal than in U.S. Exto Capital is a Forex broker based in Switzerland (operated by Exto Financials). They offer downloadable […]

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May 16
2008

Yen Continues Growth after GDP Report

The Japanese yen continued its growth today after the late yesterday release of the GDP report showed that the gross domestic product rose much better than everyone expected. Japan’s economy gained 0.8 percent in the first quarter of 2008 compared to the fourth quarter of 2007 and in a year-to-year comparison it expanded by the astonishing 3.3 percent as the exports to emerging markets helped growth during the global financial crisis. […]

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May 15
2008

Dollar Steady During a Wave of Macroeconomical Releases

USD recovered from its daily minimums against euro after the important fundamental reports were released today in U.S. EUR/USD has been trading with 70 pip gain today, but currently it’s trading near its open rate. Only net foreign purchases and Philadelphia Fed index showed some positive developments for the U.S. economy, while other releases were of a very little help […]

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May 15
2008

Kiwi Falls Deeper on Bad Retail Sales

The New Zealand’s currency continued its extremely fast drop against the other major currencies today after the retail sales report was released yesterday at 22:45 GMT. It was a third day of a bearish trend for the New Zealand dollar (at least against the U.S. dollar) as it continued the fall that’s lasting from mid March 2008 when kiwi (a nickname for NZD) reached its historical maximum against […]

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May 15
2008

Euro Stronger on German GDP

The United Europe’s currency gained a new strength on the Forex market today after the German quarterly GDP data was released and the investors got more confidence in the ECB’s hawkish stance. According to a report that was released today at 6:00 GMT the Germany’s gross domestic product gained 1.5% in a quarter-to-quarter comparison in the first quarter of 2008 — a strongest growth for the GDP indicator since 1996. This […]

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May 14
2008

April CPI Disappoints Dollar Bulls

While the April CPI report was expected by many Forex traders to improve the dollar positions and helped greenback gain before the actual release, disappointing CPI reading pushed EUR/USD up from its daily lows and it’s now trading almost without any loss (1.5459 currently with an open rate at 1.5465). CPI (all items) was at 0.2% in April — that’s below the March value (0.3%) and […]

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May 14
2008

Dollar Extends Gain on CPI Expectations

The U.S. dollar extended its gain against other major currencies on Forex today as the investors expect higher April CPI figures from the report that will be released today at 12:30 GMT. Dollar is now growing for a second day after the weak fundamental indicators were ignored yesterday and the traders reacted on the elevated export and import prices growth. Market participants expect […]

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May 13
2008

EUR/USD is Entering Sideways Market

Today EUR/USD fell down on Forex after a day of growth yesterday and on the daily chart the currency pair’s trend is slowly transforming into a flat pattern rather than bullish or bearish trend. April retail sales in U.S. decreased as expected — they dropped 0.2%, after gaining 0.2% in March. Export and import prices rose in April. Import prices increased 1.8% after 2.9% rise in March — the growth […]

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May 13
2008

Dollar Will Lose 11% to Yuan in 2008

According to the research paper, released by United Overseas Bank Ltd., the yuan has a strong chance to appreciate further this year to the total of 11 percent gain against the U.S. dollar in 2008. The Chinese currency has rose 4.3 percent up this year already, as the government used yuan to fight the accelerating inflation. Suan Teck Kin of United Overseas Bank confirmed in an interview today the statement […]

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