Trading Currency Roundup
Currencies stabilized with global equities Tuesday after a Monday sell-off on heightened risk aversion.
The euro has retraced its decline and is higher against the dollar and yen. The dollar has also bounced back against the yen.
Analysts cite quarter-end flows as the dominant factor moving markets. However, risk sentiment also received a bounce [...]
You can keep up to date with all the latest currency news by following the link here. The daily videos now include a support and resistance report on all the major currency pairs, along with a review of all the fundamental news and the economic calendar for the day’s trading, which is also updated at [...]
Previous session overview
The dollar is up against the euro and lower against the yen Monday as markets lose hope for any significant progress at the upcoming Group of 20 meeting, U.S. car makers appear on the verge of bankruptcy and banking sector fears loom.
The euro fell to more than a one-week low of USD1.3158 and [...]
Previous session overview
Good data out of the US and bad data out of the UK on Friday helped the USD end the week in positive territory.
The yen gained against the dollar and euro in Tokyo Monday as players sought safety in the Japanese unit after the U.S. government said it may allow General Motors Corp. [...]
Any hope that markets could go into this weekend’s Chinese New Year celebrations, the start of Carnival and the Bank Holidays in both Canada and the US were shattered this morning following further monetary tightening from China. This has resulted in traders and investors bailing out of commodities and rushing back into the safe haven [...]
The euro rallied against the US dollar overnight in the Asian trading session, driven in part by expectations that today’s EU summit will put together a bailout package for Greece. Currency traders have been punishing not only because of the Greek fiscal deficit but also on fears that the problem will spread to other member [...]
Equity markets in Asia overnight all rallied, ending in positive territory with the Nikkei bouncing back from a two month low. This more upbeat mood was taken up today by European exchanges which saw the FTSE 100, German DAX & French CAC all gaining as details have been emerging on how the EU propose to [...]
A mild rebound overnight in Chinese equities helped to reduce risk aversion as traders sold the Japanese Yen against higher yielding currencies such as the Euro and this mild bullish tone has translated into the EURUSD which has also risen this morning. However, whether this rebound can be maintained in the face of the current [...]
This weekend’s G7 meeting in Canada appears to have been ignored by the markets as traders and investors suffered a severe case of the jitters last week with equities continuing to fall along with commodities and the Euro. This latest crisis of confidence has seen investors rush into top rated Treasuries resulting in [...]
Equities plunged today and the dollar surged as traders and investors rushed into the safe haven of US Treasuries on growing fears over the health of Europe’s club med economies. In the space of a few weeks investor fears, which initially had been confined to Greece, have spread to Portugal and Spain and spilled over [...]
On Monday global equity markets finally entered some calmer waters following a very nervous close on Friday evening. This relative calm gave the risk sensitive euro some much need breathing space as it rebounded from the lows of USD1.3852, a level not seen since July 2009. Nevertheless, most Asian stock markets still closed in negative [...]
Previous Currency Trading Summary :
Weak Asian equity markets helped to push the risk sensitive euro further down on Monday with traders speculating that the common currency could continue to fall if the US Congress responds positively to the proposed US banking regulations. In early trading the euro was sold off against the Yen following comments [...]
Currency Trading Summary
The USD advanced against the euro in early New York trading as worries over sovereign debt of some of the weaker eurozone countries helped to push the single currency below USD1.40. Although the French (and others) denied that the authorities were working on a bail out plan for Greece only added pressure [...]
Previous Currency trading Session Summary :
Market worries about China’s monetary policy & European debt has fuelled demand for the safe haven Japanese Yen which has hit a 5 week high against the US dollar and 9 month higher against the Euro. The move was also helped by falling Asian equity markets. Short term players [...]
