Forex Crunch » safe haven http://www.forexcrunch.com Forex Trading with a Personal Touch Sun, 12 Feb 2012 09:57:51 +0000 en hourly 1 http://wordpress.org/?v= Gold ATMs Going Global – A Sign for Currencies? http://www.forexcrunch.com/gold-atms-going-global/ http://www.forexcrunch.com/gold-atms-going-global/#comments Wed, 02 Jun 2010 21:09:36 +0000 Yohay http://www.forexcrunch.com/?p=7864 Gold to Go, the manufacturer of gold ATMs, is working hard to meet the demand for its vending machines. From a gimmick of two machines operating now, their business will grow to 50 quite soon. This is the result of the rising prices in gold. Is this is a sign for the Euro? For the Aussie?

Gold to Go is a German company that created a Automatic Teller Machine (ATM) for buying gold, similar to the everyday action of withdrawing cash – just gold coins or gold bars. The first machine was launched in Abu Dhabi about a month ago, and the second machine started operating in Germany last week. This was only the beginning.

Read the rest of the article Gold ATMs Going Global – A Sign for Currencies?]]> http://www.forexcrunch.com/gold-atms-going-global/feed/ 0 EUR/CHF – Wild Fridays – Courtesy of the Bank http://www.forexcrunch.com/eurchf-wild-fridays-courtesy-of-the-bank/ http://www.forexcrunch.com/eurchf-wild-fridays-courtesy-of-the-bank/#comments Sun, 14 Feb 2010 15:47:39 +0000 Yohay http://www.forexcrunch.com/?p=6230 The Swiss central bank has increased its interventions in the markets in an attempt to weaken the Swiss Franc. The moves are seen best against the Euro. Here is how it looks on the graph + a few characteristics of these moves.

EUR/CHF intervention

Read the rest of the article EUR/CHF – Wild Fridays – Courtesy of the Bank]]> http://www.forexcrunch.com/eurchf-wild-fridays-courtesy-of-the-bank/feed/ 4 Forex Weekly Outlook – November 30 – December 4 2009 http://www.forexcrunch.com/forex-weekly-outlook-november-30-december-4-2009/ http://www.forexcrunch.com/forex-weekly-outlook-november-30-december-4-2009/#comments Sat, 28 Nov 2009 10:34:46 +0000 Yohay http://www.forexcrunch.com/?p=4185 The week of Thanksgiving, which was expected to be calm, was very volatile, with new lows in the dollar, that were proved temporary with the Dubai crisis. The upcoming week is already full of important indicators: rate decision in Europe and Australia, GDP from Europe, Switzerland and Canada, and the king of forex: American Non-Farm Payrolls. There are many more events to start off the new month. Let’s see what’s up this week.

Another sharp move was seen by the Japanese Yen: USD/JPY reached 14 year lows. The safe haven currency enjoyed the crisis as well. The Dubai crisis sent the Yen crosses face down to the mud. The dollar Yen correlation worked perfectly.

Read the rest of the article Forex Weekly Outlook – November 30 – December 4 2009]]> http://www.forexcrunch.com/forex-weekly-outlook-november-30-december-4-2009/feed/ 0 Job market – the empty half of the glass – risk aversion takes over http://www.forexcrunch.com/job-market-the-empty-half-of-the-glass/ http://www.forexcrunch.com/job-market-the-empty-half-of-the-glass/#comments Fri, 06 Nov 2009 13:51:36 +0000 Yohay http://www.forexcrunch.com/?p=3393 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, and fell by 190,000 jobs, almost at the early expectations of 173,000. The unemployment rate made the big disappointment. by rising from 9,8 to 10.2%. This big jump was significantly worse than the early expectations for a small rise to 9.9%.

Read the rest of the article Job market – the empty half of the glass – risk aversion takes over]]> http://www.forexcrunch.com/job-market-the-empty-half-of-the-glass/feed/ 6 Risk Aversion Turns the Market Over http://www.forexcrunch.com/risk-aversion-turns-the-market-over/ http://www.forexcrunch.com/risk-aversion-turns-the-market-over/#comments Thu, 04 Jun 2009 15:30:17 +0000 Yohay http://www.forexcrunch.com/?p=1168 After the dollar retreated on all fronts, it made a huge comeback in the last 24 hours on fears that the recovery is not near at all.  Review of the turnaround and a look towards the final battle.

Ben Bernanke went to testify in Washington. Despite very careful wording, he expressed pessimism. Recovery isn’t as near as expected. Getting out of the recession will take more time and patience.

Read the rest of the article Risk Aversion Turns the Market Over]]> http://www.forexcrunch.com/risk-aversion-turns-the-market-over/feed/ 0 Hangover from Friday Effect – What’s next for the Greenback? http://www.forexcrunch.com/hangover-from-friday-effect-whats-next-for-the-greenback/ http://www.forexcrunch.com/hangover-from-friday-effect-whats-next-for-the-greenback/#comments Mon, 11 May 2009 12:29:35 +0000 Yohay http://www.forexcrunch.com/?p=987 After Friday’s late dollar selling, the markets have allowed the dollar to breath. Will the dollar recover or has the fall stopped temporarily?

On Friday, Non Farm Payrolls were better than expected. "Only" 539K jobs were lost in April, contrary to early expectations that were at -615K and later improved to 590K. 

Read the rest of the article Hangover from Friday Effect – What’s next for the Greenback?]]> http://www.forexcrunch.com/hangover-from-friday-effect-whats-next-for-the-greenback/feed/ 2 G7 Optimism – Bad for the Dollar http://www.forexcrunch.com/g7-optimism-bad-for-the-dollar/ http://www.forexcrunch.com/g7-optimism-bad-for-the-dollar/#comments Sun, 26 Apr 2009 16:03:17 +0000 Yohay http://www.forexcrunch.com/?p=865 G7 Finance ministers expressed optimism in their meetings this weekend. This optimism ignites risk aversion which isn’t good for the US dollar, and might send other currencies higher against it.

Finance ministers of the Group Of Seven met this weekend in Washington DC to discuss the state of the global financial crisis. These finance ministers, with Timothy Geithner as the main speaker, expressed optimism. They see the bottom behind them, despite being cautious:

Read the rest of the article G7 Optimism – Bad for the Dollar]]> http://www.forexcrunch.com/g7-optimism-bad-for-the-dollar/feed/ 2 Summers of Hope For The Dollar? http://www.forexcrunch.com/summers-of-hope-for-the-dollar/ http://www.forexcrunch.com/summers-of-hope-for-the-dollar/#comments Thu, 09 Apr 2009 23:55:20 +0000 Yohay http://www.forexcrunch.com/?p=735 Obama’s senior advisor, Larry Summers, said that the bottom of this recession is already behind us. If his optimism is real, where does it send the dollar?

President Barack Obama’s chief of the White House National Economic Council, Larry Summers spoke in a panel in Washington DC, and stated that the economic free fall will end in a matter of months, and that while the recession is clearly very deep, there are promising signs that a bottom may have been reached. 

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