Post Tagged with: "yen"
Trichet self-assured on the course of action
The ECB is following a familiar pattern here. At the start of the credit crisis in August 2007, whilst quick to offer liquidity to the banking system, the ECB was slow to acknowledge that, economically, this was not a big issue for Europe. Indeed, after the Fed had cut rates by 3.25% between September 2007
JPY take a tumble
Even though the results of the two-day Bank of Japan meeting will not be seen until tomorrow, the yen has been weakening ahead of the event, down early a further 1% vs. the USD overnight. Now above the 85.00, the yen is the weakest vs. the dollar for over six months now. There’s speculation that
The yen conundrum
Japan is predicted to see significant recovery flows. It that the driver behind the recent moves? Looking to previous major disaster in the land of the rising sun, it is quite hard to draw any conclusions at the moment. Guest post by FXPro Now, as back then, Japan is still the world’s largest creditor nation,
The eurozone peripherals raise a stink
Aussie hit overnight with yen also softer Dollar stages a partial comeback Weber’s hawkishness fails to spark the euro Broadbent might just join the MPC hawks Guest post by FxPro It appears that the bears were out in force on Tuesday picking over the slowing-rotting carcass that is Europe’s peripheral bond market ahead of the first
FX Pairs Mirror Oil Concern
Surging oil prices and a ravenous German economic growth rate, contributes towards a looming shadow of Euro Zone inflation. As a result, market sentiment is rife with conjecture surrounding a Euro interest rate adjustment and increasingly tied to the utterances of ECB members. ECB member, Yves Mersch shifted market balance towards a potential interest rate
CAD/JPY Going Wild
When most currency pairs are trading in narrow ranges, the Canadian dollar and the Japanese Yen are standing out with exceptional strength. This makes the CAD/JPY very interesting. EUR/USD, GBP/USD and USD/CHF have been consolidating for a long time. No one knows when they will “explode”. For example, EUR/USD is trading sideways between 1.3750 and
Forex Daily Analysis – Decmber 26th 2008
In the wake of Boxing day, the markets opened with a few gaps. Only in Japan, banks continued to work. Today, Wall Street is open, and Christmas is already over, but the volume is expected to be very low. Forex traders have little information to listen to. In fact, all the data was already published
Forex Daily Analysis – December 22nd 2008
Most of the financial markets will be closed on Thursday, on Christmas day. The thin markets may colatile trade. From Wednesday, 19:00 GMT till Friday 8:00 GMT, the markets will be closed. The European currency became stronger last week, and later weakened. In the wake of the of the new week, the Euro gained some
Forex Weekly Outlook – December 22-26th 2008
The upcoming week will feature very thin trading due to the holiday of Christmas. Trading will become thinner as week unfolds. New Zealand Dollar in focus For those of you not on vacation, an interesting pair to watch this week will be the NZD/USD. A few major economic figures will be released this week in
Forex Weekly Roundup- December 15-19th 2008
Last week was very dramatic in the Forex market: The peak was the interest rate cut on Tuesday by Ben Bernanke: a 0.75% cut to 0.25%. This weighed heavily on the USD, on all fronts. Later on, the dollar made a big comeback, especially in against the Euro and the pund. Both EUR/USD and GBP/USD