Forex
The pain for the Australian dollar is not over yet
The Australian dollar lost about 4 figures against its US counterpart last week; further losses are expected due to the slowdown the Chinese economy is experiencing. The Australian dollar plunged to a 6-month low at 0.8982 on Monday early morning. The selloff in AUD/USD, which started last week and eroded about 4 cents of the Aussie’s value, stems More...
The EUR/CHF trades close to its 3-week high on SNB negative rates warning
The Swiss National Bank warned investors that it had no restraints using negative interest rates in order to enforce the 1.20 EUR/CHF cap; the euro rallied against the Swiss franc as a result yesterday, and until More...
The Australian dollar rallies as jobs numbers beat expectations
The AUD/USD surged on better than expected employment report and decelerating inflation in China, while the NZD/USD erased earlier gains after the RBNZ left interest rates unchanged. The Aussie was pushed higher More...
The USD/JPY extends its rally despite slightly decreasing Japanese machinery orders
The USD/JPY momentum pushed the pair further north to more than 6-year highs; the US dollar retained its strength against other major currencies owing to bets the Fed would hike rates earlier than previously anticipated. The More...
The US dollar holds up to its gains in Asia
The USD sustained its impressive rally against other major currencies in Thursday Asian trading; the commodities complex faced further losses as a result of the greenback strength. Tuesday Asian trading witnessed More...
GBP/USD hammered as Scotland independence opinion poll yields 51 percent positive vote
The sterling sank to the lowest in a 10-month period against the US dollar on Monday, as the results of a YouGov poll on Scotland’s independence yielded 51 percent supporters of the split. The GBP/USD More...
Euro bearishness set to continue after some short-term consolidation
The euro has continued to depreciate against the dollar, and the market has anticipated the divergence; given the imminent Scottish referendum, the sterling is expected to lag behind the euro. The euro has continued More...
The dollar index declines but still hovers around 14-month peak
US dollar index made a brief decline but still hovered around its 14-month peak; the reason for the USD slight correction was the poor August nonfarm payroll report. The US Labor Department report today indicated More...
EUR/USD hits 14-month low, after ECB cuts rates and announces asset purchasing program to stave off deflation
The euro slumped to a 14-month low against the US dollar, after the ECB reduced interest rates and announced its upcoming assets purchasing program aimed at fighting the looming deflation threat. The euro hit a More...
A short covering rally or further euro weakness – the ECB has the final say
Thursday’s ECB meeting is the most keenly awaited event on the calendar today; expectations are set high for further stimulus, so there is plenty of room for disappointment. The European Central Bank policy meeting More...
