Post Tagged with: "USD/JPY"
Forex Daily Analysis – January 15th 2009
Today’s major event is the rate decision in Europe: The ECB will announce the Minimum Bid Rate at 12:34 GMT. It’s expected to cut rates by 0.5%. More about the ECB’s rate decision. After yesterday’s fall, EUR/USD is now trading rather stable, at 1.32. Japan’s monthly Core Machinery Orders fell by a whopping 16.2%, but the
Forex Daily Analysis – January 14th 2009
Yesterday, the dollar made gains against all the currencies, except the Yen. Today, this trend is reversed: EUR/USD, GBP/USD and USD/CHF went against the dollar, while USD/JPY went in favor of the Japanese Yen. In Australia, the monthly Home Loans were surprisingly good – they showed a rise of 1.3%, more than 1.0% that was expected.
Forex Daily Analysis – January 13th 2009
The second day of this week sees the dollar strengthening on almost all fronts: only the Japanese Yen makes gains against the dollar. USD/JPY is now at 89.13. The big event today is Bernanke’s speech. Oil prices have fallen significantly, now under $37 a barrel. The Gaza war currently isn’t flaring the whole middle east,
Forex Daily Analysis – January 9th 2009
Non Farm Payrolls are published in the USA. This will affect all Forex market. More about Non Farm Payrolls. And before the NFP is published, the dollar is slightly waker today. USD/JPY and GBP/USD are moving against the dollar, while the EUR/USD and USD/CHF are rather stable. German Retail Sales were surprisngly good, with a rise
ADP Plummets – Dollar Falls
The ADP Non-Farm Employment Change fell by 693,000 jobs! This devastating number was far more than a drop of 495,000 that was expected. Following this bad news, the dollar fell against most currencies: EUR/USD at 3701, GBP/USD crossed the 1.50 mark and is now at 1.51, USD/CHF under 1.10 at 1.0924 and USD/JPY at 92.65. All
Forex Daily Analysis – January 5th 2008
The fresh and exciting Forex trading week began with a stronger US dollar. EUR/USD now trades at 1.3894, GBP/USD weakened to 1.4472, USD/CHF is now at 1.0784, and the USD/JPY is little changed, at 91.97. The escalating war in Gaza still dominates the news – Israeli ground operation is weighing on oil prices – something
Forex Market 2009 – Forecasts
I’ve read a few very interesting forecasts for the Forex Market in 2009, and I’d like to point out a few: Kathy Lien writes about the bad situation of the British pound in 2008 and sees mostly bad news in 2009. Though, at the end of her post, she does offer that there’s a chance
Forex Daily Analysis – January 2nd 2009
The first forex trading session of 2009 began with a strengthening of the US dollar. The gains aren’t major. In Europe, the Manufacturing PMI in Europe came out even lower than the low expectations, at 33.9, an extremely low figure for the Manufacturing Purchasing Managers Index. The greenback gained ground against the Euro, EUR/USD currently at
Unemployment Claims Better Than Expected – Dollar Rises
Today’s Unemployment Claims in the USA were much better than expected – 492,000. It showed a significant drop from the numbers in the past few weeks, always above 550,000. It was also much better the Forex market’s expectations that were at 575K. This surprise is a sweet candy just before New Years. This figure send the
Forex Daily Analysis – December 31st 2008
The last day of 2008 is here. Markets are becoming thinner and thinner, as New Years celebrations get closer. Yesterday’s big news was the CB Consumer Confidence in the US, which is at a record low number of 38. Not only is it under 50 – which means contraction, it’s also well under the market’s expectations