Dollar, Yen Rise Versus Euro as Slump Fuels Demand for Haven (Bloomberg)
January 30, 2009 by admin · Leave a Comment
Jan. 30 (Bloomberg) — The dollar and yen rose versus the euro, heading for their biggest monthly gains since October as mounting evidence of a global slowdown increased the appeal of the currencies as havens from the financial crisis. Read more….
US Dollar: 3 Big Threats
January 24, 2009 by admin · Leave a Comment
The US dollar continues to rise, but the rally is tempering. After sharp losses this past week, the Euro, Japanese Yen and Australian dollar are beginning to stabilize against the greenback. US equities have been in the red throughout the day, which is why most currencies remained negative despite sharp intraday reversals. Over the next [...]
Swiss Franc Rises Against Euro as Stock Losses Boost Demand (Bloomberg)
January 23, 2009 by admin · Leave a Comment
Jan. 22 (Bloomberg) — The Swiss franc advanced against the euro after stock losses in Europe and the U.S. stoked demand for safe-haven currencies. The franc rose even after Swiss National Bank Vice President Philipp Hildebrand pledged yesterday to sell “unlimited” amounts of the currency to curb its appreciation. Read more….
Dollar firms against euro, yen holds strong (AFP via Yahoo! News)
January 23, 2009 by admin · Leave a Comment
The dollar firmed slightly against the euro Thursday while the yen held strong and the pound dropped against most other major currencies, as global financial turmoil roiled markets. Read more….
Rupee depreciates to 49.23 against dollar (FE via Yahoo! India News)
January 23, 2009 by admin · Leave a Comment
The Indian rupee opened weaker on Friday tracking losses in Asian stocks, which could promt more foreign fund outflows, while the dollar’s rise against major currencies overseas also weighed. Read more….
Rand weakens on risk aversion (News 24 South Africa)
January 23, 2009 by admin · Leave a Comment
The rand is sharply weaker against major currencies amid a stronger dollar as investors shied away from riskier currencies with global stock markets remaining under pressure. Read more….
Dollar firms against euro, yen holds strong (AFP via Yahoo! News)
January 23, 2009 by admin · Leave a Comment
The dollar firmed slightly against the euro Thursday while the yen held strong and the pound dropped against most other major currencies, as global financial turmoil roiled markets. Read more….
Swiss Franc Rises Against Euro as Stock Losses Boost Demand (Bloomberg)
January 23, 2009 by admin · Leave a Comment
Jan. 22 (Bloomberg) — The Swiss franc advanced against the euro after stock losses in Europe and the U.S. stoked demand for safe-haven currencies. The franc rose even after Swiss National Bank Vice President Philipp Hildebrand pledged yesterday to sell “unlimited” amounts of the currency to curb its appreciation. Read more….
Currencies: British pound plummets as data show deeper U.K. recession (Market Watch)
January 23, 2009 by admin · Leave a Comment
The pound plunges to a 23-year low against the dollar, undermined as government data confirmed the U.K. economy fell into a deep and potentially long-lasting recession in the final three months of 2008. Read more….
Australian dollar shows mixed trading against majors (Nasdaq)
January 23, 2009 by admin · Leave a Comment
(RTTNews) – During early Asian deals on Friday, the Australian dollar showed mixed trading against its major counterparts. The Aussie edged down against the currencies of US, Japan and Canada while showed strength versus the European currency. Read more….
Will Obama Increase Pressure on China Regarding the Yuan?
January 23, 2009 by admin · Leave a Comment
Chinese could see more pressure for yuan appreciationAmong the mumblings that circulate in Washington about foreign currency exchange is the regular lament that China is a currency manipulator. Although this is said quietly, and any real pressure on the Chinese to allow yuan appreciation is rarely brought to bear.But will that change with the Barack [...]
Obama’s New Strategy on China is USD Negative
January 23, 2009 by admin · Leave a Comment
The US dollar and the Japanese Yen, the two lowest yielding G10 currencies continue to be the two best performing. It is important to remember that the dollar and the Yen are not rallying because investors have grown more optimistic about those currencies but because they are more pessimistic about the outlook for the US [...]
How Profitable Are Candlestick Strategies in Currency Trading?
January 22, 2009 by admin · Leave a Comment
Some of the most popular trading strategies in forex markets involve the use of Japanese Candlestick charts. Given a specific pattern in candlestick formations, traders look to buy and sell currencies in anticipation of reversal or continuations in price. Yet testing the profitability of such concepts is easier said than… Read more….
Swiss Franc Rises To New Multi-day Highs Against Euro And Pound (Nasdaq)
January 22, 2009 by admin · Leave a Comment
(RTTNews) – Wednesday, the Swiss franc showed strength against the currencies of US, Europe and UK. The franc thus jumped to new multi-day highs against the pound and the euro. Meanwhile, the franc recovered from a new multi-week low against the yen. Read more….
Swiss franc slips sharply against most majors (Nasdaq)
January 22, 2009 by admin · Leave a Comment
(RTTNews) – The Swiss currency stages a sharp fall against most major currencies by about 12:25 pm ET Wednesday. At present, the franc is trading near new multi-week low of 1.1540 against the US dollar. Against the euro and the British pound, the franc is worth 1.4838 and 1.5817, respectively. Read more….
US Dollar, Japanese Yen Fall on Rebound in Risk Appetite (Euro Open) (Daily FX via Yahoo! Finance)
January 22, 2009 by admin · Leave a Comment
The US Dollar and the Japanese Yen dropped against high-yielding currencies on a rebound in risk appetite that lifted Asian stock markets despite a record drop in Japanese exports a very pessimistic policy announcement from the BOJ. Read more….
Currencies: Dollar, yen benefit from continued flight to safety (Market Watch)
January 22, 2009 by admin · Leave a Comment
The U.S. dollar is mostly higher against major counterparts Thursday, with the familiar exception of the yen, as grim U.S. economic data and a sell-off on Wall Street feed investors’ flight to safety to the benefit of lower-yielding currencies. Read more….
Canadian dollar shows mixed trading against majors (Nasdaq)
January 22, 2009 by admin · Leave a Comment
(RTTNews) – During early European deals on Thursday, the Canadian dollar showed mixed trading against its major counterparts. The loonie showed strength against the US dollar and the Japanese yen while, edged down against the currencies of Europe and Australia. Read more….
S.Africa stocks track Wall St lower, rand weakens (The Forex Market)
January 22, 2009 by admin · Leave a Comment
JOHANNESBURG, Jan 22 (Reuters) – South Africa’s rand softened against the dollar on Thursday as investor risk aversion hit emerging market currencies, while stocks fell for the fourth consecutive session, tracking Wall Street’s losses. Read more….
(AFX UK Focus) 2009-01-22 16:03 S.Africa stocks track Wall St lower, rand weakens (Interactive Investor)
January 22, 2009 by admin · Leave a Comment
JOHANNESBURG, Jan 22 (Reuters) – South Africa’s rand softened against the dollar on Thursday as investor risk aversion hit emerging market currencies, while stocks fell for the fourth consecutive session, tracking Wall Street’s losses. The Johannesburg Stock Exchange’s Top-40 Index closed down 0.91 percent at 17,802.99 points, while the broader All Share Index lost 0.86 [...]