Another monster is on the back of the greenback today. A potential trade war between US and China is starting to get forex players nervous about holding the USD again. This situation stems from the US...
Forex volatility has returned and the time for big profits has come again. The Bank of Japan has left rates unchanged at 0.50% with a unanimous vote for the second consecutive month, following a hike...
Why is it that holidays always seem so short? I hope all of you got to have some fun and rest over the past few days. The US dollar went up after last Friday's better-than-expected non-farm payrolls which showed that unemployment in the US fell a 4.4% rate in..
Another piece of USD-negative data. US ISM non-manufacturing report showed the weakest level of expansion since the 50.7 reading in April 2003, the employment number was the weakest since July 2004, while prices..
Seems like the yen carry trade is establishing some serious interest
again after the recent liquidation debacle. High-yielding currencies
such as the Kiwi, British Pound, the Loonie have been climbing..
Among the four currency majors, Cable (GBP/USD) has been the biggest
mover of the day, while the others have been trapped in range-bound
action in the forex market. At the moment, the US dollar does not have
a lot going for those who are bullish on its prospects. US...
The US dollar plunged severely near the European close (USD/CHF fell
100 pips in 20 mins), reversing its earlier gains, after the Bush
administration said it would no longer exempt Chinese companies from US anti-subsidy laws. Forex analysts are saying....
A glance at the price movements of the four currency majors in forex
charts quickly highlights an odd-one-out pair - the USD/JPY. While the
other majors have been stuck trading in ranges, USD/JPY has moved so
much that it has almost completely recouped yesterday's losses....
Here it comes again - the great yen carry trade liquidation. Forex
traders sold USD/JPY, GBP/JPY, EUR/JPY, NZD/JPY heavily on the basis of
bearish USD sentiment. Just when people thought that carry trades are
in fashion again, global uncertainties..
Forex reserve diversification has got a bit of limelight today, with
Iran saying that it has reduced USD holdings to 20% of its total
reserves. These days, it seems like the forex conveyor belt only...
created by gracecheng | 6 years ago | updated 6 years ago 289 views | 0 recommendations | 0 comments
The catalyst today in the forex market was US new-home sales, which
unexpectedly fell in February, falling a second month in a row to the lowest level since 2000
as the housing sector showed more weakness. Sales of single-family
homes decreased by 3.9% to a seasonally...