| The Currency Market Acclimates Itself to Exogenous Event Risk as Speculative Interest Fills Out - Lo and behold, the building fear surrounding Europe's financials has dissipated. Should we be surprised? No. The financial media cast its gaze to the already pained region; and the market responsed. However, speculators have a short attention span. Worries that Greece is obscurring the extent of its debt, that the Stress Test was manipulated and the Mediterranean governments will be forced to ...
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| Japanese Market Plunges On Stronger Yen, Weak Wall Street Cues - The Japanese market ended Wednesday's trading session sharply lower as the local currency yen strengthened against the US dollar to a new 15-year high. Weak closing on Wall Street in the previous session amid fresh concerns about the health of the European banks also impacted market sentiment. Exporters, machinery stocks, banks and mining stocks led the decline as fresh concerns about the ...
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| Asia Stocks Climb, Australian Dollar Gains on Sustained Recovery Optimism - Asian stocks advanced for the first time in three days and the Australian dollar rose to a four- month high as employment in the country gained more than expected, spurring optimism the Asian recovery will be sustained.
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| Korean Won Rises on Exports, Inflows; Bonds Jump on Surprise Rate Decision - South Korea’s won climbed to a one- month high on speculation the nation’s rising exports and an improving economy will spur inflows. Bonds rose, pushing three- year yields to the lowest level since January 2009, after the central bank unexpectedly refrained from raising interest rates
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| USD/JPY Classical 09.08 - USD/JPY: While the market trades below the 20-Day SMAs on a close basis, the downtrend remains intact and deeper setbacks below 83.00 can not be ruled out. A close above the 20-Day SMA will be required at a minimum to offer some form of relief to downside pressures. The market has not closed above the 20-Day SMA since mid-June when the pair was trading over 90.00. Written by Joel Kruger ...
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| GBP/USD: Trading the Bank of England Interest Rate Decision - The Bank of England is widely expected to maintain its current policy in September, and the British Pound could face increased volatility following the rate decision as investors weigh the prospects for future policy.
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| New Zealand Share Market Opens Slightly Higher - (RTTNews) - The New Zealand share market opened slightly higher on Thursday after receiving a modestly positive lead from Wall Street, where US stocks closed mostly higher overnight despite the Federal Reserve acknowledging in its Beige Book report that the US economic recovery was slowing.
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| European stocks rebound - European stocks bounced back from early losses on Wednesday as fears for the health of the banking sector eased, while on the currency market the yen continued its surge and struck a fresh 15-year high against the dollar.
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| Your Source for Daily FOREX Market News and Analysis - USD/JPY: While the market trades below the 20-Day SMAs on a close basis, the downtrend remains intact and deeper setbacks below 83.00 can not be ruled out. A close above the 20-Day SMA will be required at a minimum to offer some form of relief to downside pressures.
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| GBP/JPY Classical 09.08 - GBP/JPY: The market remains locked in a choppy multi-day consolidation with the latest moves suggesting that we could see a retest of the range lows which also happen to be the yearly lows at 126.80. However, any additional declines below 126.80 should be limited for now, with the greater risk for a short-term corrective bounce back into the familiar range. For now, a break back above 132.00 ...
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