Post Tagged with: "Risk Aversion"
How Japan Took the Safe Haven Role from Switzerland
The Swiss Franc didn’t work as a safe haven currency during the recent crisis – the dollar and the yen took this role. Here’s the story. In the past, the Swiss Franc had a reputation as the No. 1 safe haven currency. This means that every time that there was an economic crisis, political instability,
Dollar Bulls Raging – Will the trend continue?
The US dollar is on the move – fresh American data and fresh European worries send EUR/USD to new lows.Also other currencies are surrendering to the dollar – the US dollar index gave us signs of this breakout last week. Now it happens. You can guess which currency stands firm against the dollar. A sustainable
Dollar Index Shooting Up
Many signs of recovery seen in the US send the dollar higher across the board. With a little help from Greece as well. A look at the big picture. After an alarming rise in unemployment claims last week, they dropped back down – from 480K to 456K, getting back in the zone. This breaks the
Big Warning Sign from Jobless Claims
American Unemployment Claims unexpectedly jumped for a second week in a row, putting a big warning sign on American recovery. Back to the days of risk aversion? Jobless claims jumped from 460K to 484K. A drop to 439K was predicted, so this is a big disappointment. But this may not be necessarily bad for the
EUR/JPY – Fear sent it off the cliff – More to come?
The forex markets are giving in to widespread fear about the Greek debt. We are seeing a full market reaction – a perfect risk aversive behavior, with one huge loser – EUR/JPY. Will it continue plunging? Growing worries about the never ending Greek debt problems are strongly reflected in the market. I wrote about the
Forex book review: Making Sense of the Dollar
Guest Post by John Forman John Forman is a Forex author and expert. He is the Senior Foreign Exchange Analyst for the IFR Markets group of Thomson Reuters and frequent blog poster on Currensee.com. You may be familiar with Marc Chandler from appearances on CNBC and/or reading articles he’s published in a number of venues.
Aussie Rate Decision Larger Impact on Markets
The decision to leave Australian’s interest rates unchanged left the Aussie vulnerable and hurt. A look at the decision, the impact for the Aussie and the larger impact for other currencies as the Non-Farm Payrolls are coming. The decision Although it wasn’t totally unexpected, the decision to leave the Australian Cash Rate at 3.75% and
Will the US Finally See Job Gains?
The American job market has reached a turning point, where a gain in jobs is at a hand. In this preview, there are arguments for both options, expected market behavior and possible strategies for trading this major news event. In a previous post about forex binary options, I’ve shown how a binary option can be
Job market – the empty half of the glass – risk aversion takes over
American unemployment rate is now at double digits – 10.2%. Obama’s warning of a rate above 10% comes true. This worse-than-expected release, together with Non-Farm Payrolls triggers fear of a slow recovery for a very extended period – “Safe haven” dollar and yen make gains in a choppy market. The Non-Farm Payrolls disappointed only marginally,
Forex Daily Outlook – November 4th 2009
A very busy day expects forex traders with a rate decision in the US being the highlight of the day. There are important figures from all over the world. Let’s see what’s up: Here’s the Arabic version of this daily forex forecast. British Nationwide Consumer Confidence is expected to edge up from 71 to 72