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Lagarde Calls For Urgent Action So 2012 Can Be ‘Year of Healing’
January 25, 2012IMF Managing Director Christine Lagarde called on the international community to take urgent collective action to save the world economy from a downward spiral. Europe, which is at the center of global concerns, needs stronger growth, larger firewalls, and deeper integration, she said. IMF Survey Magazine
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Australian Dollar at 27 year high against Sterling
January 19, 2012After a failed attempt to break through the $ 1.28 level yesterday, the euro drifted lower in late afternoon trade before regaining some ground overnight. The euro found some support in a better than expected German ZEW index for January, with the survey results coming in well ahead of expectations. This has helped to ease [...]
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Forex: GBP/USD ends year with a gain of less than 50 pips
January 1, 2012FXstreet.com (Córdoba) – The GBP/USD finished 2011 practically unchanged from the price it opened… For more information, read our latest forex news. FXstreet.com: Latest News
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Is the Chinese Yuan the Most Reliable Forex Trade?
June 2, 2011Over the last six years, the appreciation of the Chinese Yuan has been as reliable as a clock. Since 2005, when China tweaked the Yuan-Dollar peg, it has risen by 28%, which works out to 4.5% per year. If you subtract out the two year period from 2008-2010 during which the Yuan was frozen in [...]
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Forex: EUR/USD sliding back to 1.3400 by year end – CIBC World Markets
May 4, 2011FXstreet.com (Barcelona) – On its monthly FX outlook publication, CIBC World Markets envisage a… For more information, read our latest forex news. FXstreet.com: Latest News
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U.S. Dollar Reaches New Three Year Low Against Canadian Dollar
April 3, 2011Loonie gains in forex trading The U.S. dollar has reached a low not seen for three years against the Canadian dollar. The loonie is gaining in forex trading on the currency market against the greenback, thanks to a better economic outlook and increased commodity prices. As a commodity currency, the Canadian dollar receives some help [...]
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Aussie Data Signals Weakness Ahead
March 9, 2011Fx360.com | Australian Home Loan approvals declined for the first time in seven months. Australian Home Loan approvals declined for the first time in seven months as floods inundated the country’s east coast limiting building activity, while consumer confidence hit is lowest point since June of last year on expectations that a government-proposed carbon tax [...]
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British Pound Faces Contradictory 2011
January 27, 2011The last few years have been volatile for the British Pound. In 2007, it touched a 26-year high against the US Dollar, before falling to a 24-year low a little more than one year later. During the throes of the credit crisis, analysts predicted that it would drop all the way to parity. Alas, it [...]
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Outcome of Eurozone Bond Auction Widely Anticipated
January 12, 2011The Euro opens today in a similar position to yesterday’s close. The markets are waiting to see what interest rate Portugal will have to pay for the ‘
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Brazilian Real Supported By Fundamentals, but Obstacles Remain
December 31, 2010Despite all of the talk of currency war (a term first introduced by Brazili’
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Forex Volatility Remains Abnormally High
December 26, 2010If you look at a chart of currency volatility over the last five years, two major spikes immediately jump out. The first took place in the wake of the collapse of Lehman Brothers in late 2008, while the second occurred earlier this year during the height of the EU sovereign debt crisis. While volatility has [...]
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Asian Currencies Poised to Rise, but for Wrong Reasons
December 2, 2010All things considered, Asian currencies have had an okay 2010 (and there’s still another month to go). After a modest first half, they started to rise in unison in June, and several are poised to finish the year 10% higher than where they began. While the last few weeks have seen a slight pullback, there [...]
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Go Long on the Swiss/Yen: FX Strategist
August 23, 2010Kathy Lien, director of currency research at GFT, says her favorite play for 2010 is going long on swiss-yen as she forecasts it will hit 85 by the end of the year. She speaks to CNBC’s Martin Soong, Adam Bakhtiar
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Japan: Retail Sales grow 0.4% in June
July 28, 2010FXstreet.com (Córdoba) – The Japanese retail sales grew by 0.4% over the June month the Ministry of Economy, Trade and Industry said today. This increase brings the retail sales back to its April level matching expectations and following a decrease of 2.0% the previous month. Over the year to June the retail sales increased by [...]
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Fed Members Downgrade Economic Outlook for the U.S.
July 15, 2010So much for a rate hike this year One of the hopes for the economy has been that the Fed will have reason to hike rates by the end of the year. However, with the release of the latest Fed minutes, it appears that this is an unlikely scenario. More than half of the FOMC [...]
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Retail sales in the EU up 0.3%, forecast -0.3%
July 5, 2010FXstreet.com (Barcelona) – The year over year retail sector performance improved significantly,… For more information, read our latest forex news.
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EUR/USD: The Next Benchmark is Parity
June 5, 2010The Euro has now declined for six consecutive months against the Dollar. It is down 25% from its 2008 high and 15% in the year-to-date. It declined 8% in the month of May alone. En route to a four year low, the Euro also fell below the 50% retracement level ($1.21) of its rally from [...]
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Could Greece’s Fiscal Problems Really Sink the Euro?
February 12, 2010Currency markets operate in funny ways. Greece’s fiscal problems are hardly a new development. During years of boom and bust alike, it ran unsustainable budget deficits. Why investors have decided to fret now – as opposed to last year or next year, for example – on the distant possibility of default, is somewhat mysterious. After [...]