Archive for the ‘Forex Trading’ Category
Forex Exchange Morning Report
September 2nd, 2010 | 
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Large bounce in risk sentiment. US equities (S&P500) are currently 3.0% higher following a day of news conducive to risk seeking. The earlier solid outcomes for Australian GDP and Chinese manufacturing set the starting tone for the European and US sessions, partly explaining the modest effect the weak US (ADP)
Posted in Forex Trading | 
Tags: ADP, Australian, australian gdp, bounce, day, effect, GDP, manufacturing, news, p500, risk, sentiment, sessions, tone, US | 
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Forex Exchange Morning Report
No follow through from Friday. Expectations for the US data releases may have been higher than the published consensus, because the releases coincided with the clear turnaround in US equities. Personal spending slightly beat consensus but personal income just missed, questioning the sustainability of the former. The S&P500 is currently
New Zealand Trade Balance Deficit Widens As Imports Increases More Than Expectations
The New Zealand economy released a widen in the trade balance for the first time in seven months during July, as the New Zealand imports of vehicles and petroleum products increased, which has a negative effect on gains in the exports of milk powder, butter and cheese.
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Tags: balance, butter, butter and cheese, cheese, economy, effect, July, Milk, milk powder, New Zealand, new zealand economy, petroleum, petroleum products, powder, seven months, time, trade, trade balance |
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Yen Falls as Risk Aversion Eases
The dollar traded mixed on Friday, higher against the yen but lower versus the commodity currencies as risk appetite rose. Federal Reserve Chairman Ben Bernanke said the Fed is prepared to provide additional unconventional stimulus measures if needed. US GDP growth slowed less than expected in Q2 2010. The S&P
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Tags: amp, appetite, Chairman Ben Bernanke, commodity, currencies, dollar, Fed, Federal, federal reserve, federal reserve chairman, federal reserve chairman ben bernanke, Friday, GDP, gdp growth, growth, measures, q2, Reserve, risk, risk appetite, stimulus, US, yen |
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New Home Sales Plunge To Record Low
The Japanese yen relinquished some of its recent strength versus the greenback in the Wednesday session, shedding almost 1%. Meanwhile, the major currencies were marginally higher against the dollar, with the British pound edging up by 0.35%. US equities also recouped from earlier losses, finishing slightly higher as the Dow
Posted in Forex Trading |
Tags: british pound, currencies, dollar, Dow, greenback, japanese yen, losses, pound, session, strength, US, Wednesday |
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US Housing Weakness Accelerates
U.S. Dollar Trading (USD) had a volatile trading day with USD strength on the back of risk aversion in Europe reversed as US housing data weakened further. July Existing Home Sales fell 27% as the effect of the removal of the housing credit continues to be felt. In US stocks,
