US Dollar surges against the Yen
Monday, January 18, 2010
The Asian market in its Monday session saw the Dollar surge against the Yen. The trend seemed to carry over from Friday’s session in the North American markets where the Dollar strengthened from 91.02 yen to 90.84 yen. Early Asian trading saw the USD/JPY rising 0.15% so far on Monday from its [...]
Euro dips despite positive economic data
The Euro has been weak today, despite a strong upward movement during the Asian session. During the Asian session, the Euro moved upward, limiting its’ gains to 1.4555 versus the US Dollar. Yesterday, the pair pushed higher yet again, hitting the 3 week high of 1.4580.
Later, during the European session opening, the Euro [...]
Pound rising on interest rate expectation
The British pound rose today for the 4th straight day this year, after a losing session in the first week of the year. The BoE suggested that there may be a need to increase interest rates this year, which sparked trader interest in the currency. The Pound touched a low of 1.5895 on Jan 7 [...]
Dollar moves cautiously ahead of earnings announcements
The US Dollar has been rounding off its gains from earlier trading sessions ahead of the earnings announcements in the US equity markets. Traders are wary of possible downturns in the US markets, as the general consensus on the health of US corporates has turned to that of risk aversion. As uncertainty returns to the [...]
Gold retreating after a long standing rally
The last three weeks saw Gold rushing forward touching the high of $1,140, due to economic uncertainty and demand for a hedging instrument. Today, the yellow metal has retreated slightly to below $1,130. Another factor contributing to the decline of the precious metal has been the charging US dollar, which today saw a further strengthening [...]
¥en sees a rise; Dollar slump may be short-lived
The Yen rose today on a positive note against all major currencies, including the Euro, Pound and the Swiss Franc, not to mention the US Dollar, against which it rose to about 92 in morning trade, as forex traders cut their holdings in the Dollar. The Japanese currency rose against nearly every major currency as [...]
EuroZone upbeat on positive economic data
The Euro today declined from the high of 1.4440 which was made on December 31, 2009, to take a rebound beyond 1.4335, last seen around 1.4350, as fresh Manufacturing data lent confidence that the Euro Zone economy was upbeat. The Euro Zone manufacturing PMI rose slightly to 51.6 in December compared to the previous [...]
