Daily Highlights: 6.1.09

Attention is on health care legislation as Congress gets back to work. Britain’s manufacturing sector contracts at its slowest pace in 12 months in May. Oil rises to seven-month high on China manufacturing expansion. Oil surges to new high for the year, climbing above $68 a barrel as Asian stock markets up. Quarter million jobs [...]

Currency Majors Technical Perspective

EUR/USD Current price: 1.3637 Following the mood of stocks, the pair set a fresh low for the week at 1.3510, 200 EMA in the hourly chart. Indicators bearish momentum is over after reaching over sold state, suggesting correction could extend if breaks under 1.3560 congestion zone. Failure at that point and a fresh low in [...]

3 Reasons Why the Dollar is Higher

The US dollar traded higher against the Euro and commodity currencies but remained unchanged against the British pound and Japanese Yen. The strength of the dollar can be attributed to three primary factors. Read more….

Impact of ECB and BoE Rate Decisions on EUR/GBP

Over the next 24 hours, the Bank of England and the European Central Bank will be making interest rate announcements. The Bank of England is the only central bank expected to cut interest rates, but that does not mean that the Euro stay stationary. In fact, we expect some big action in both currencies, which [...]

Canadian Dollar Slides To 1-week Low Against Euro (Nasdaq)

(RTTNews) – During early deals on Wednesday, the Canadian dollar weakened to a 1-week low against the euro. Against the currencies of US and Japan, the Canadian dollar pared the gains it posted in early Asian trading. The loonie thus fell from a 2-day high against the greenback and the yen. Read more….

Australian dollar bounces back against majors (Nasdaq)

(RTTNews) – Wednesday, the Australian dollar reversed its early Asian session’s downtrend against the other major currencies. Read more….

Risk appetite and general sentiment improves – EURUSD pushes higher.

Risk appetite improved throughout yesterday, pushing EURUSD higher. Overnight EURUSD traded in the range 1.2955-1.3048 booking a 0.6% gain and USDJPY was range-bound between 89.33 and 89.68 – down by 0.1%. The dollar was weaker on a whole, declining against 7 of the 10 most traded currencies. The general improvement in sentiment had been building [...]

Dollar, Yen Fall as Efforts to Support Growth Pare Haven Demand (Bloomberg)

Feb. 3 (Bloomberg) — The dollar and yen fell against most of the other major currencies as government efforts to revive global economic growth reduced the currencies’ haven demand. Read more….

US dollar hits new multi-year highs versus Mexican peso and Colombian peso (Nasdaq)

(RTTNews) – The US currency advanced against major Latin American currencies in New York trading on Monday. The greenback climbed to new multi-year highs against the Mexican peso and the Colombian peso during the same time. Read more….

Singapore Dollar Climbs To 4-Day High Versus US And Hong Kong Dollars (Nasdaq)

(RTTNews) – The Singapore dollar climbed to a 4-day high against the currencies of US and Hong Kong during Tuesday’s early session. The Singapore currency also advanced against the pound, but pared the early Asian session gains against the euro. Read more….

Currencies: Dollar surges against British pound (Market Watch)

The U.S. dollar surges against the British pound, after Moody’s Investors Service cuts its ratings on Barclays Bank. Read more….

Dollar, Yen Rise as Economy Stokes Haven Demand; Pound Tumbles (Bloomberg)

Feb. 2 (Bloomberg) — The dollar rose to an eight-week high against the euro and the yen advanced as the deepening economic slowdown stoked haven demand for the currencies. Read more….

Yen Gains as Deepening Economic Slowdown Stokes Haven Demand (Bloomberg)

Feb. 2 (Bloomberg) — The yen rose against most of the major currencies as the deepening global economic slowdown stoked demand for Japan’s currency as a haven. Read more….

Canadian Dollar Slides To 1-week Low Against Yen (Nasdaq)

(RTTNews) – Monday, the Canadian dollar edged down against the currencies of US, Europe and Japan. The loonie thus fell to a 1-week low against the yen. Meanwhile, the loonie eased from a new multi-month high against the aussie. Read more….

Singapore dollar falls to 8-week low against US and Hong Kong dollars (Nasdaq)

(RTTNews) – During early Asian deals on Monday, the Singapore dollar declined to an 8-week low against the currencies of US and Hong Kong. On the other hand, the Singapore currency showed strength against the European currency and the British pound. Read more….

Australian Dollar Extends Downtrend Against Majors (Nasdaq)

(RTTNews) – During early European deals on Monday, the Australian dollar extended its Asian session’s loss against other major currencies. The aussie slumped to new multi-month lows against the greenback, the yen and the loonie. Read more….

Dollar, Yen Rise Most Since October as Slump Fuels Haven Demand (Bloomberg)

Jan. 31 (Bloomberg) — The dollar and yen had their biggest monthly gains against the euro since October as increased evidence of a global economic slowdown increased demand for the currencies as havens during the financial crisis. Read more….

Canadian Dollar Holds Up Despite Dismal US Economic Data (Daily FX)

The Canadian dollar was one of the few currencies to finish marginally higher against the US Dollar through past week’s trade. Read more….

Canadian Dollar Holds Up Despite Dismal US Economic Data (Daily FX via Yahoo! Finance)

The Canadian dollar was one of the few currencies to finish marginally higher against the US Dollar through past week?s trade. A steady stream of bearish US and Canadian economic data would have normally been enough to sink the CAD, but the Loonie held firm even in the face of Crude Oil price declines. Read [...]

Dollar, Yen Rise Versus Euro as Slump Fuels Demand for Refuge (Bloomberg)

Jan. 30 (Bloomberg) — The dollar and the yen headed for their biggest monthly gains versus the euro since October as growing evidence of a global slowdown increased the appeal of the currencies as a refuge from the financial crisis. Read more….

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