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Japanese Yen and the Irony of Debt
July 13, 2010Since my last update in June, the Japanese Yen has continued to creep up. It has risen a solid 5% in the year-to-date against the Dollar, 12% against the Pound, and an earth-shattering 20% against the Euro. It is closing in on a 15-year high of 85 Yen/Dollar, and beyond that, the all-time high of [...]
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STERLING SENTIMENT MIXED AHEAD OF THE US OPENING
July 9, 2010While sterling hit a two month high to the dollar in yesterday’
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Forex: EUR/CHF soars 300 pips to 1.4300 on likely SNB intervention
May 19, 2010FXstreet.com (Barcelona) – The Euro is performing a spectacular rally against the Swiss Franc on the back of a suspected SNB intervention, as the pair has surged about 300 pips in three hours jumping from 1.4000 area to session high at 1.4305. Above 1.4300/05 session high, the pair might find resistance at 1.4320 (Apr 28 [...]
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Spot Gold pulls down to $1,074 as Greece deal fails to buoy risk appetite
February 11, 2010FXstreet.com (Barcelona) – Spot Gold broke above $1,082 on European session, reaching week high at… For more information, read our latest forex news.