FXCM - Daily FX
Oanda - Dean's FX
- China to exit stimulus plans?
Governor Bollard from the RBNZ stated last night that they do not anticipate ‘hiking interest rates until mid-year’. With the SNB this morning, the market will be focusing on their policy on FX intervention in EUR/CHF. Economic indications and inflation forecasts ‘did not require’ the sort of intervention that surprised and upset the markets last year. There is no doubt it, Hillenbrand ‘does not want to see a strong CHF’. However, expect rhetoric to indicate that ‘a relative improvement’ in [...] - FSA Requests Additional Stress Testing
Britain officially emerged from its two-year recession in the final quarter of 2009, but a recent communiqué from the country’s main financial regulator, suggests that a return to recession is not out of the question. The Financial Services Authority (FSA) recently requested that financial institutions undergo another round of “stress tests” to ensure the nation’s major banking institutions can withstand a greater decline in growth than originally projected.
The idea of stress testing, is to determine the impact a given set [...] - UK Industrial Output Declines 0.4%
Further evidence to the weak pace of recovery in the UK came today in the form of the latest industrial output figures. For the month of January, output unexpectedly fell by 0.4 percent compared to the previous month, according to the latest figures from the Office for National Statistics (ONS). The result set off a minor shock wave as official estimates predicted a 0.3 percent increase.
On the positive side, year-on-year manufacturing actually increased 0.2 percent. Based on this, some analysts [...] - China Records 46% Increase in Exports
China recorded a remarkable 46 percent increase in exports in February compared to the same month one year ago. The actual result was considerably higher than the earlier predictions of 35 to 40 percent and is likely to increase pressure from the US calling for the People’s Bank of China to allow the yen to appreciate.
For the past 18 months, China has pegged the yen to the US dollar. For American consumers particularly, this means that the cost of goods [...] - Greek’s woes passé?
The market has been grasping at straws with little data to use as fodder, especially in the North American trading sessions. Risk-on, risk-off has been moving on hearsay. China may decouple the Yuan from the dollar, the Greek’s have Obama’s support and equity markets rallying on ‘air’ with little volume. Opposing arguments against a stronger EUR are mounting. Rating agencies are questioning the possibility of a European sovereign default. Internal EU drafts analyzing their ‘biggest budget deficit’ and concluding that [...]
gftforex.com
- More Intervention from the Swiss National Bank in Forex Trading
Currency trading with the Swiss francThe Swiss National Bank appears to be intervening -- albeit it on a very small level -- in forex trading again. The SNB has been intervening on occasion since last year, when it announced a policy meant to keep the franc lower against the euro in forex trading. MarketWatch reports on the possibility that the SNB is intervening again: Another round of rumored currency intervention by the Swiss National Bank Wednesday appeared to be a warning shot designed to chill traders looking to sell the euro versus the Swiss franc as monetary policymakers prepare to meet, analysts said. ... "If it was an SNB intervention, it was probably one of the smallest ones we've seen ... it's really just sort of backing traders off (of buying the Swiss franc) ahead of tomorrow's meeting," said Peter Rosenstreich, chief market strategist at ACM in Geneva. At any rate, the Swiss want their currency weak in relation to the euro in forex trading, since during times of recession and economic uncertainty it can be beneficial to have a weak currency.
See Also - Euro Continues to Struggle in Forex Trading
Currency trading with the euroThe euro continues to struggling in forex trading on the currency market, with a number of concerns weighing. The 16-nation currency is still dealing with the debt problems in Southern Europe -- especially Greece. With the public protesting over austerity measures, and EU nations trying to figure out what they can do to keep the contagion from spreading, there just isn't a lot of confidence in Europe right now. Also, it isn't helping that gold prices are lower right now. The euro often moves with gold prices. And with gold lower on Chinese comments earlier, there is a little more pressure on the euro against the U.S. dollar in forex trading. It looks to be an interesting day ahead, with risk aversion setting in, and forex traders looking to fundamentals in the euro zone.
See Also
topforexnews.com
- NZ Dollar Down on Rates Dovish Comments
After gaining for two consecutive days versus important currencies like the euro and the U.S. dollar, the kiwi currency didn’t manage to sustain its trend after central bankers in the country affirmed that lack of economic improvements in the South Pacific nation will delay interest rate hikes.(...)Read the rest of NZ Dollar Down on Rates Dovish Comments (126 words)
Posted on Forex News. - Yen Reverts Losing Trend on Domestic Speculations
The yen started this Thursday’s session in Asia gaining versus currencies regionally and globally, on speculations that local investors are repatriating capital before the Japanese fiscal year ends in the following weeks.(...)Read the rest of Yen Reverts Losing Trend on Domestic Speculations (133 words)
Posted on Forex News. - Canadian Dollar Keeps Uptrend on Growth
The Canadian dollar had an amazing eighth day of consecutive gains versus its southern counterpart as currencies tied to growth profited from another session of optimism in commodities and equities markets, allowing the loonie to remain bullish.(...)Read the rest of Canadian Dollar Keeps Uptrend on Growth (110 words)
Posted on Forex News. - Asian Economic Affects Yen’s Price
The Japanese yen had a negative performance this Tuesday versus most of the Asian and South Pacific key-currencies as evidences suggest that commodity producer countries in the region, as well as emerging markets, are likely to outperform the Japanese economy this year, affecting the yen as well.(...)Read the rest of Asian Economic Affects Yen’s Price (125 words)
Posted on Forex News. - Canada’s Dollar Gains on National Commodities
The Canadian dollar traded high versus its U.S. counterpart and several other key-currencies in foreign-exchange markets as its main commodity export, the crude oil, rose again allowing the loonie to start this week advancing.(...)Read the rest of Canada’s Dollar Gains on National Commodities (121 words)
Posted on Forex News.
CNN MONEY
- Dollar mixed ahead of jobs data
The dollar was mixed against other currencies Thursday, down against the pound and flat against the euro and yen, ahead of U.S. economic data. - Recall mania!
The embarrassment suffered by Toyota is likely to have a bracing effect on other automakers causing a potential tsunami of recalls, industry sources say. - Financial advice: The yes-man problem
Experts have long counseled against using financial planners who charge commissions, given their incentive to simply sell products that pad their paychecks. - Can you learn to be an entrepreneur?
Gregg Fairbrothers wasn't born to business. He grew up in an academic household. "I didn't know a debit from a credit," he admits. Fairbrothers studied earth sciences at Dartmouth in the '70s, got his master's at Rutgers, and eventually moved to Tulsa, where he joined Samson, a gas driller, and earned his chops at the right hand of the company's "hard-nosed founder." He picked up an MBA, but that was "just to get the toolkit," he says. "I learned my business on the job." - Nukes in my backyard
Long left for dead, the U.S. nuclear power industry appears poised for a comeback.
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