Forex Trading Market

Yen Slides Against Majors As Asian Stocks Rally

admin — Fri, 12 Mar 2010 01:52:16 +0000

The Japanese yen edged down across the board in early Asian deals on Friday as a rise in most Asian stocks prompted traders to seek for riskier currencies.

Japan’s Nikkei 225 Index opened higher today and is currently trading up 113 points or…

NZ Dollar Slides To Multi-day Lows Against Most Majors As RBNZ Retains Rate At 2:50%

admin — Thu, 11 Mar 2010 02:43:03 +0000

The New Zealand currency trended lower against its major rivals in early Asian trading on Thursday as markets reacted to the latest RBNZ decision to leave interest rates unchanged at a record low.

The RBNZ announced it would leave the Official Cash Rate at…

Chinese Yuan Eases From 2-day High Against Dollar

admin — Wed, 10 Mar 2010 05:44:18 +0000

During Asian deals on Wednesday, the Chinese yuan eased from a 2-day high against the US dollar after a report showed that China’s trade surplus halved in February.

China logged a trade surplus of $7.6 billion in February, compared with the $14.2…

New Zealand Dollar Extends Uptrend Against Majors

admin — Wed, 10 Mar 2010 05:43:51 +0000

Wednesday in Asia, the New Zealand dollar extended its uptrend against other major currencies on the back of a rise in regional stocks.

The kiwi surged up to near a 2-year high against the euro, 3-week high against the greenback, 15-day high…

Pound Declines Against Majors

admin — Wed, 10 Mar 2010 05:43:24 +0000

UK’s sterling showed weakness against its major counterparts in early Asian trading on Wednesday.

The Office for National Statistics will release UK’s industrial and manufacturing production data for January at 4:30 am ET.

The pound that drifted higher to 135.25 against the Japanese yen around…

New Zealand Dollar Weakens As Most Asian Stocks Slide

admin — Tue, 09 Mar 2010 03:44:26 +0000

Tuesday morning in Asia, the New Zealand dollar declined against its major counterparts as a fall in most Asian stocks reduced demand for higher-yielding currencies. The kiwi dropped to a 4-day low against the greenback and the yen, while it eased…

Canadian Dollar Shows Mixed Trading Against Majors

admin — Fri, 05 Mar 2010 13:41:11 +0000

During early European deals on Friday, the Canadian dollar showed mixed trading against its major counterparts. While the loonie declined against the Australian dollar and the yen, it pared gains against the U.S. dollar. On the other hand, the loonie recovered against the…

Euro Shows Mixed Trading Against Majors

admin — Fri, 05 Mar 2010 13:40:34 +0000

In early European deals on Friday, the euro showed mixed trading against its major counterparts ahead of the German factory orders report for January, which is due at 6:00 am ET. While the euro gained against the dollar, it pared some recent gains…

U.S. Dollar Mixed Ahead Of Economic Reports

admin — Thu, 04 Mar 2010 12:18:30 +0000

The U.S. dollar showed mixed trading against other majors during Thursday’s European deals. While the dollar recouped from a new multi-month low against the yen, the dollar pared its Asian session’s gains versus the franc, the euro and the pound.

The U.S. weekly jobless claims report…

Pound Climbs Against Majors; BoE Interest Rate Decision Eyed

admin — Thu, 04 Mar 2010 12:17:45 +0000

The pound rose versus its major counterparts during early European deals on Thursday as traders await the Bank of England’s interest rate decision.

The pound thus recovered from a 2-day low against the yen and bounced back from an Asian session’s loss against the dollar.…

Pound Jumps To 2-day High Against US Dollar

admin — Wed, 03 Mar 2010 03:36:27 +0000

UK’s sterling rallied on Wednesday morning in Asia on the back of some encouraging economic reports from the region. The pound rose to a 2-day high against the dollar.

The pound thus recouped some of its previous sessions’ losses. Political jitters pulled the…

Aussie Pares Recent Gains Against Most Majors

admin — Wed, 03 Mar 2010 03:35:21 +0000

Wednesday, the Aussie pared the gains it made in early Asian deals against the currencies of US, Japan and Canada despite a rally in Asian stocks and an upbeat Australian GDP report. The Aussie thus eased from an 8-day high…

US Dollar Edges Up Against Majors

admin — Tue, 02 Mar 2010 05:03:44 +0000

The US dollar firmed up against its major rivals on Tuesday morning in Asia. The greenback thus recouped some of its previous session’s loss against most majors.

Buoyed by a positive close on Wall Street overnight and some encouraging economic reports, Asian…

Dollar Eases From New Multi-month High Against Pound

admin — Mon, 01 Mar 2010 10:29:45 +0000

In early European deals on Monday, the U.S. dollar pared its Asian session gains against the European majors as an advance in European stocks prompted investors to move away from safe-haven currencies. The dollar thus eased from a new multi-month high against…

Australian And New Zealand Dollars Climb On Most Asian Stocks Rally

admin — Fri, 26 Feb 2010 07:51:03 +0000

The Australian and the New Zealand dollars strengthened against their major opponents on Friday morning in Asia as a rally in most Asian stocks fueled investors’ risk appetite.

While the New Zealand dollar advanced to a weekly high against the Australian dollar and…

Pound Drops To New Multi-week Lows Euro And Franc

admin — Thu, 25 Feb 2010 17:32:05 +0000

The British currency extended its European session downtrend against major opponents during New York morning trading on Thursday. The pound dropped to new multi-week lows against the euro and the Swiss franc in the same period.

A report from the Office for National Statistics showed…

Dollar Rises To New Multi-month High Against Pound Amid Economic Reports

admin — Thu, 25 Feb 2010 17:31:42 +0000

During European session on Thursday, the U.S. dollar showed mixed trading versus its major counterparts, amid economic reports. The dollar slipped to a near 3-week low versus the yen, but rose to a new multi-month high against the pound. Meanwhile, the dollar recovered against…

Dollar Edges Down Against European Majors

admin — Wed, 24 Feb 2010 06:38:31 +0000

The US dollar declined against the European majors on Wednesday morning in Asia as investors remain cautious ahead of a testimony by the Federal Reserve Chairman Ben Bernanke.

Bernanke is set to deliver his semiannual report on the economy today and tomorrow.…

Dollar Slumps To 6-day Low Against Franc And 4-day Low Against Pound

admin — Tue, 23 Feb 2010 05:08:03 +0000

Tuesday in Asia, the U.S. dollar edged down against its European, U.K. and Swiss counterparts as investors await the Federal Reserve Chairman Ben Bernanke’s testimony in the House and the Senate on Wednesday and Thursday. The dollar plummeted to a 6-day low…

Euro Eases From Multi-day Highs Against Most Majors

admin — Mon, 22 Feb 2010 12:25:01 +0000

In early European deals on Monday, the euro eased from an early Asian session’s multi-day highs against the dollar, the yen and the pound as investors remain concerned about sovereign debt problems.

Research firm DBS said today that the euro’s direction this week depends…

Yen Strengthens To 4-day High Against Dollar

admin — Mon, 22 Feb 2010 12:24:28 +0000

The yen that showed choppy trading against the US dollar in Asian deals on Monday edged up to a 4-day high during early European trading. Meanwhile, the yen rose from an 18-day low against the euro and the franc and it also bounced back against…

Yen Slides To 1-week Low Against Most Majors

admin — Thu, 11 Feb 2010 02:10:52 +0000

The Japanese yen edged lower against its major rivals in early Asian trading on Thursday as traders’ appetite for risk increased following a report from Australia showed that Australia’s unemployment rate declined lower-than analysts had expected.

The unemployment rate in Australia came in at a…

Aussie Climbs To 2-week High Against Euro And NZ Dollar

admin — Thu, 11 Feb 2010 02:10:28 +0000

The Australian dollar edged sharply higher against its major rivals following the government report showed that Australia’s unemployment rate declined lower-than analysts had predicted.

The aussie advanced to a 2-week high against the euro and NZ dollar, 8-day high against the US dollar and a…

NZ Dollar Declines From New Multi-day Highs Against Most Majors

admin — Wed, 10 Feb 2010 05:46:03 +0000

The New Zealand dollar shed its initial strength on Wednesday morning in Asia despite most of Asia-pacific stocks staged a rally. The New Zealand currency thus eased from fresh multi-day highs against most of them.

The New Zealand stock market opened higher today after…

Australian Dollar Eases From Multi-day Highs Against Euro And Yen

admin — Wed, 10 Feb 2010 05:45:13 +0000

The Australian dollar that strengthened against its major rivals at the beginning of Wednesday’s Asian session pared some of its gains shortly, despite a rally in most of Asia-pacific stocks. The aussie thus moved off from an 8-day high against the…

Japanese Yen Declines Against Majors

admin — Tue, 09 Feb 2010 03:57:46 +0000

The Japanese yen edged lower on Tuesday morning in Asia despite most weak Asian stocks.

If stocks decline, the yen tends to gain on Japan’s low interest rate and vice-versa.

After a weak start and a subsequent recovery from lower levels, the Japanese stock market is…

Dollar Clings To Recent Gains Versus Euro

admin — Mon, 08 Feb 2010 14:58:25 +0000

The dollar held onto its strong gains from the previous week in quiet dealing Monday morning in New York, supported by lingering concerns about the global economy and slumping stocks.

With no significant economic reports to be released on Monday, there is…

Yen Slightly Down Against Majors

admin — Fri, 05 Feb 2010 03:12:49 +0000

Friday morning in Asia, the yen weakened slightly against its major counterparts after surging up yesterday on growing concerns over the global economy.

The unexpected rise in U.S. jobless benefit claims and growing fears about the sovereign debt crisis in Greece and…

US Dollar Rises To Fresh Multi-month Highs Against European Majors

admin — Fri, 05 Feb 2010 03:11:48 +0000

The US dollar spiked higher against its major rivals in early Asian trading on Friday and touched new multi-month highs against the European majors. With the dollar on the rise, stocks tumbled around the world, intensifying risk aversion and interest in the world’s…

Pound Plummets Against Major Rivals Amid BoE Rate Decision

admin — Thu, 04 Feb 2010 18:33:15 +0000

The British currency plummeted against major currencies after the report of Bank of England’s interest rate decision in New York morning deals on Thursday. Today, the Monetary Policy Committee of the Bank of England, led by Governor Mervyn King, decided to retain…