Forex Trading Market

Japanese Yen Strengthens Against Majors

admin — Thu, 02 Sep 2010 15:55:37 +0000

The yen strengthened across the board on Thursday morning in Asia as a weaker-than-expected Australian trade surplus data prompted traders to seek safe-haven Japanese currency.

Australia’s trade surplus narrowed to a seasonally adjusted A$1.9 billion in July from A$3.4…

Dollar Falters Amid Signs Of Global Economic Stability

admin — Thu, 02 Sep 2010 04:09:18 +0000

The dollar dropped versus the euro and tested a fresh 15-year low versus the yen on Wednesday as economic data signaled worries of a global double-dip may have been overstated.

Strong manufacturing data from the US and China fueled increased…

Dollar Falls As Global Stocks Push Higher

admin — Wed, 01 Sep 2010 15:48:45 +0000

The dollar hit the skids versus the euro and most other majors on Wednesday as global equities snapped out of their recent funk.

Encouraging data from China helped drive Asian stocks sharply higher, and European shares followed suit, fueling…

NZ Dollar Slides To Multi-day Lows Against Majors On Weak Asian Stocks

admin — Tue, 31 Aug 2010 06:47:07 +0000

The New Zealand dollar lost ground against its major rivals on Tuesday morning in Asia as a slide in Asian stocks reduced demand for higher-yielding currencies.

Most Asian stocks opened weak today following a negative lead from Wall Street, where…

Euro Gains As Bernanke Hints At Accommodation

admin — Fri, 27 Aug 2010 16:20:21 +0000

The euro was generally stronger on Friday, as US stocks rebounded following comments from Federal Reserve Chairman Ben Bernanke.

While the nation’s top central banker provided no specifics, he said the Federal Reserve stands ready to provide further stimulus if…

Pound Eases From Multi-day Highs Against Majors

admin — Thu, 26 Aug 2010 15:32:08 +0000

The British pound pared the gains it made in Asian deals against other major currencies during early European session on Thursday despite a rise in U.K. stocks. The pound thus eased from a 3-day high against the dollar and a…

Dollar Steadies As Japanese Officials Talk Down Yen

admin — Wed, 25 Aug 2010 14:24:31 +0000

The dollar stabilized after hitting a 15-year low versus the yen Wednesday morning in New York, as Japanese officials stepped up efforts to talk down their surging currency.

The yen has become the world’s preferred safe haven currency of late,…

Euro Falls Further Versus Majors

admin — Mon, 23 Aug 2010 17:24:02 +0000

The euro slumped to fresh monthly lows on Monday, even as a wave of merger activity generated optimism that stocks can push higher.

However, recent economic data has raised fears that a double-dip recession is in the cards for the…

Swiss Franc Spikes Up Further Against Majors

admin — Fri, 20 Aug 2010 12:23:32 +0000

During New York morning trading on Thursday, the Swiss franc spiked up against major currencies. The franc climbed to new multi-month highs against the US dollar, fresh multi-week highs against the euro, pound and the yen.

Extending previous session uptrend,…

US Dollar Recovers From Early Losses Against Major Rivals

admin — Fri, 20 Aug 2010 02:23:12 +0000

The US dollar recovered from early losses against major opponents in New York mid-day trading on Wednesday.

In the U.S., the first time claims for unemployment benefits showed another unexpected increase in the week ended August 14th, according to a…

Dollar Stays Near 15-year Low Versus Yen

admin — Thu, 19 Aug 2010 02:38:23 +0000

The dollar barely budged versus other major currencies on Wednesday in the absence of first-tier economic data from the United States.

While industry data hinted at continued weakness in the housing market, traders took to the sidelines wanting more…

Australian And New Zealand Dollars Decline Against Most Majors

admin — Wed, 18 Aug 2010 03:54:40 +0000

Wednesday in Asia, the Australian and the New Zealand dollars edged down against most major currencies as some Asian stocks pared their early gains.

Hong Kong’s Hang Seng is currently down by 0.2%, China’s Shangai composite index is falling by…

Canadian Dollar Climbs To Multi-day Highs Against Greenback And Yen

admin — Tue, 17 Aug 2010 17:06:24 +0000

The Canadian dollar rallied against its major counterparts on Tuesday morning in New York as crude oil, the nation’s largest export rose above $76 per barrel.

A surge in stocks driven by a rejected takeover offer for Potash Corp. from…

Australian And New Zealand Dollars Recover Against Most Majors

admin — Tue, 17 Aug 2010 03:39:40 +0000

The Australian and the New Zealand dollars, which weakened against most major currencies in early Asian deals on Tuesday recouped their losses shortly.

The aussie thus rose to a 4-day high against the greenback and the euro. But the…

Euro Mixed Against Majors

admin — Mon, 16 Aug 2010 14:39:43 +0000

During early European deals on Monday, the euro showed mixed trading against its major counterparts. While the euro plunged to a new multi-week low against the franc, it rose against the pound. Meanwhile, the euro recovered from an early Asian…

US Dollar Bounces Back From 2-day Low Versus Turkish Lira

admin — Sat, 14 Aug 2010 12:32:05 +0000

The US dollar that touched a 2-day low of 1.5093 against the Turkish lira in early European session, bounced back during New York trading on Friday. As of now, the greenback is trading near 1.5156 versus the lira, compared to…

Greenback Mixed Against Majors Amid Reuters/UofM Consumer Sentiment Index And Business Inventories Data

admin — Sat, 14 Aug 2010 05:31:35 +0000

The US currency showed mixed performance against major currencies after the release of Reuters/UofM consumer sentiment index and business inventories reports in New York morning deals on Friday.

According to a report released by Reuters and the University of…

NZ Dollar Declines As New Zealand’s July Manufacturing Activity Contracts

admin — Thu, 12 Aug 2010 12:12:06 +0000

The New Zealand dollar edged lower against its major rivals on Thursday morning in Asia following a report by Business New Zealand showed that the manufacturing activity contracted in July for the first time in almost a year. A slide…

Aussie Slides As Australia’s July Unemployment Rate Rise Unexpectedly

admin — Thu, 12 Aug 2010 04:11:02 +0000

The Australian dollar declined against its major rivals on Thursday morning in Asia as an unexpected jump in Australia’s jobless rate in the month of July and a slide in Asian stocks reduced demand for higher-yielding currencies.

The unemployment rate…

Dollar Tumbles To Lowest Since 1995 Versus Yen

admin — Wed, 11 Aug 2010 15:22:44 +0000

The dollar dropped to its lowest since 1995 versus the yen Wednesday morning, as the Japanese currency remained favored by traders in search of a safe haven.

Concerns about the pace of the global recovery have intensified this week, as…

Australian And New Zealand Dollars Fall Against Most Majors On Weak Equities

admin — Wed, 11 Aug 2010 09:42:21 +0000

Wednesday, the Australian and the New Zealand dollars plunged against most major currencies as stocks declined amid concerns about the pace of recovery in the world’s largest economy.

As expected, the Federal Open Market Committee, the monetary policy-setting arm…

US Dollar Surges Up To New Multi-day Highs Against Majors

admin — Tue, 10 Aug 2010 16:51:11 +0000

During New York mid-day trading on Tuesday, the US dollar surged up to new multi-day highs against major opponents. According to a report released by the U.S. Commerce Department today, the wholesale inventories edged up by 0.1 percent in June…

Dollar And Yen Jump As Some Asian Stocks Slide

admin — Tue, 10 Aug 2010 05:48:33 +0000

The dollar and yen edged higher against their major opponents on Tuesday morning Asia as a slide in some Asian stocks and a cautious sentiment ahead of the rate decisions from the world’s largest economies propelled risk-averse traders to move…

Dollar Stuck Near Multi-Month Lows Monday Morning

admin — Mon, 09 Aug 2010 18:53:36 +0000

The dollar remained under pressure versus other major currencies Monday morning, as a dismal recent stretch has cost the greenback nearly all of its springtime gains against the euro and sterling.

Meanwhile, the dollar hangs on the precipice of falling…

Dollar Slides Against Majors As Unemployment Rate Leaves Unchanged

admin — Fri, 06 Aug 2010 16:16:19 +0000

The US currency edged down against major currencies following the announcement of unemployment rate during New York morning deals on Friday. The greenback slipped to new multi-month lows against the euro and the yen, fresh multi-day lows against its British…

Swiss Franc Stable Against Most Majors

admin — Thu, 05 Aug 2010 17:44:03 +0000

The Swiss franc that edged higher against its major rivals at the beginning of Thursday’s North American session leveled off shortly. Interest rate decisions from the European Central Bank and the Bank of England also pushed the franc to some…

New Zealand Dollar Slides As Unemployment Rate Rise More Than Expected

admin — Thu, 05 Aug 2010 06:55:14 +0000

Thursday morning in Asia, the New Zealand dollar edged sharply lower against its major opponents following a government report showed that New Zealand’s unemployment rate unexpectedly jumped in the second quarter.

The kiwi tumbled to more than a 2-month low…

New Zealand Dollar Falls To Multi-day Lows Against Most Majors

admin — Wed, 04 Aug 2010 17:16:38 +0000

In early European trading on Wednesday, the New Zealand dollar plummeted to multi-day lows against the currencies of Australia, Europe and Japan as European stocks declined on concern over the sluggish global economic recovery. The kiwi also showed modest weakness…

Swiss Franc Tumbles Against Majors

admin — Wed, 04 Aug 2010 10:16:19 +0000

Wednesday in Asian trading, the Swiss franc plummeted against other major currencies. The franc slumped to near a 7-week low against the pound, 5-week low against the yen, 1-week low against the euro and a 2-day low against the dollar.…

Dollar Pounded Versus European Majors As Economic Woes Mount

admin — Tue, 03 Aug 2010 10:20:04 +0000

The bottom fell out on the dollar Monday after Federal Reserve Chairman Ben Bernanke suggested the economy is a long way from a full recovery, fueling speculation the central bank will ramp up quantitative easing.

The dollar was already taking…