The week starts with massively wild moves in the forex market. The
theme of the day, and perhaps for this week will certainly be the unwinding of carry trades,
which explains the strength of the low-yielding Japanese Yen. Today, we
saw a continuation of USD/JPY decline,...
Last week has been a rough week for the US dollar, particularly against
the Japanese Yen and the Swiss Franc as carry traders close out their
carry positions. Will the USD continue its slide against these currencies this coming week?
I'm eager and curious to find out what is...
Tuesday saw the biggest one-day drop of the US stock markets since
September,11, 2001. The Dow Jones Industrial Average fell 4.2% last
week - its worst week since March 2003. Asian stock markets also saw a
frenzied selldown. The cause of this nervous breakdown is the result...
St. Louis Fed President Poole thinks that yen carry trade unwinds are evident this week, but have not been disruptive "at this stage". He also declines to blame former Fed Chairman Alan Greenspan and..
Today the USD managed to recover from its earlier slide from the better-than-expected US ISM manufacturing data.
The US manufacturing index moved to 52.3 (50.0 expected) from 49.3 in
January and 51.4 in December. This reading indicate growth in this...
After USD's sharp fall yesterday, it has recovered quite a bit earlier
today, but its recovery hangs by a thread as poor economic data slowly
flows in. New home sales in the US plunged in January, falling to the lowest level in nearly four years after
The market sentiment on the US dollar has been very bearish, on
expectations that US data out the rest of this week could disappoint,
as well as central banks diversifying from US dollar assets. There is
also the rumour that US is looking to attack Iran within 24 hours, which..
Former Federal Reserve Chairman Alan Greenspan has made some comments to a business audience, warning of a possible US economic recession later this year, due to the country's worrying budget deficit. He..
In data-empty session, forex traders took the opportunity to sell the
US dollar after 4 consecutive days of gains. USD/CHF has completely
erased all of its gains from this week, going slightly below 1.2300
yesterday, while EUR/USD has retested its week's high of 1.3190.
There are two rumours going
around now, one that the US terror alert level is about to be raised, the other that
there is an unusually high level of police activity in Lower Manhattan. However, there are...
created by gracecheng | 6 years ago | updated 6 years ago 408 views | 0 recommendations | 1 comment
As all my regular readers will know, I am always on the lookout to
enhance my site with things that can benefit them. And I am happy to
announce that I will now be offering free forex charts on my site. To view the charts, click on the link titled "Free Forex Charts" at the...
Bank of England's Bean said at the present juncture, policymakers believe that
inflation is "broadly on track" to meet the bank's 2% target and that
it is "likely to fall back sharply through this year". He said BOE's decisions...
Seems like the US dollar may have some fundamental support in trying to overcome its recent bearishness. US consumer prices and core inflation both rose higher than expected
during January, as food costs jumped and medical care posted the
biggest increase in 15 years. The...
Latest News: Bank of Japan (BOJ) raised overnight call rate by 25 bp to 0.50% - a decade high- and the policy board decision on call rate was by 8-1 vote. Today marks the first time the BOJ hiked rates after keeping it steady for 7 consecutive meetings between Aug 2006 and...
The US dollar got pushed down in the Asian morning by the BBC news
report of US's Iran attack plans being revealed. The news said US
contingency plans for air strikes on Iran extend beyond nuclear sites
and includes most of the country's military infrastructure. With the...