US Economy Show signs of growth as greenback falls:
Friday, October 30, 2009, 07:10 GMT Dollar (USD) continues on a further downward slide as stock markets rallied as a result of the positive GDP numbers for the US. Wall Street was high on positive sentiments after yesterday’s trade, when the US GDP data which was released showed DWIA gaining 200 points and S&P rising [...]
Equities Decline and Central Bank Stimulus Withdrawal Push JPY Higher:
Thursday, October 29, 2009, 05:45 GMT JPY is gaining an upside momentum as the equities are declining after a six month Bull Run following the news that the central bank has started to withdraw the stimulus. The weakening of demand in the AUD after the less than anticipated CPI of Australia has boosted the demand [...]
Yen Heads North on Speculation of Slower Global Recovery
Wednesday, October 28, 2009, 10:49 GMT JPY is headed north after news suggested that the demand for high yielding assets will reduce as the global economic recovery will take more time than anticipated. Coupled with the consensus that the rally of global stocks and commodities, which started 6 months back, will not sustain for too [...]
Loonie looses Steam on BoC Governor’s Comments
Tuesday, October 27, 2009, 09:19 GMT Recent warnings issued by Mark Carney (Governor, Bank of Canada) that the Loonie has strengthened too much and it may hurt the nation’s economic recovery, due to the tumbling crude and stocks, have resulted in it losing ground against 14 of its 16 counterparts as it is trading near [...]
Greenback Weakens after Chinese Bankers’ Comments
Monday, October 26, 2009, 08:55 GMT Greenback continues to head southwards this week on remarks made by the Chinese central bank researcher Zhou hai (Division chief, financial research department, People’s Bank of China) that China should move its massive foreign reserves into Euro and Yen holdings instead of USD. The news attracted an immediate reaction [...]
Global Economy picks up, JPY heads downhill
Friday, 23rd October, 2009, 07:58 GMT The head of Societe Generale’s head of forex, Yuji Saito commented on growing evidence that global economies appear to be recovering. The demand for high-yield assets sprung back on an advance in stocks in Europe, triggered by positive earnings. The JPY is set for a weekly decline against 13 [...]
Twinkling Star Sterling on the Upswing
Thursday, 22nd October, 2009, 11:22 GMT The prospect of higher interest rates was highlighted by BoE Governor, Mervyn King in his speech last night. Policy makers of the BOE resolved not to change their asset purchase program and maintain the record low interest rate of 0.50%. Member of Bank of England, Tucker also conveyed the [...]
USDCHF Pair – A Bear’s Dream?
The USDCHF pair is looking like a bear’s dream with the RSI hovering around the oversold zone, currently valued at 33. The MFI is also suggesting a downward trend, since it was at 64 only 10 days ago, compared to 36 today. Technical’s suggest that there is much downside left until 0.992 (Stop Loss: 0.995) [...]
Euro to attract policymaker action: falls on 2nd straight day on better US results.
Wednesday, 21 October, 2009, 8:00:18 a.m. GMT Policy makers expressed concerns on the impact of a stronger Euro on the 16 nation Eurozone, on the EUR downfall as it continued for a 2nd straight day. Excessive strength in the currency could derail economic recovery in the Eurozone, which could further lead to a drastic downward [...]
Japanese economy will sell new bonds to cover tax shortfall
Tuesday, October 20, 2009, 10:03 GMT Following the 2009/2010 tax shortfall in Japan, Japan finance minister, Hirohisa Fuji has stressed, Tuesday at 01:42 GMT, the pressing need for Japan to sell new bonds to cover and to meet the tax deficit for FY 2010. Japan needs to raise an additional $66.5 billion in bond sales [...]
