Following the agreement yesterday by EU leaders to create a a fiscal treaty in an attempt to avoid and ward off future debt crises the EUR improved slightly against the USD, moving up above the 1.3200 level before retreating on late profit taking by traders. Today sees the release of the monthly US Non-Farm [...]
Day Trading Effects After Market Volatility
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Can Euro Maintain in Forex Trading? | GFT Forex
Questions about whether or not the euro will make a run at 1.50 are in focus today on the currency market. The forex trading forecast for the euro is dependent, in large part, on the risk trade, and the risk trade seems to be gathering steam right now. Indeed, as forex traders abandon the U.S....
Fed not tightening yet but market is…
Two-year note yields are 31 bp higher this afternoon than the were before the employment report. Comments from NY Fed president Dudley suggesting the Fed can rein in its QE policy if the bond back-up is driven by economic optimism (rather than fear of deficit spending) is helping ramp the dollar...
Early Tokyo showing its hand; JPY crosses lower
EUR/JPY has fallen swiftly from 134.80 to 134.35 as early Tokyo enters the market and obviously decides it does not want to buy anymore. Dealers report a lot of offers appearing in USD/JPY, some in very decent size and this is obviously weighing on the crosses. Bids were reported earlier at 97.50...
National Bank of Kazakhstan Holds Refinancing Rate at 7.50%
The National Bank of Kazakhstan held its key refinancing rate unchanged at 7.50% as inflationary pressures ease somewhat....
Fitch Ratings Pushes Down the Pound
By TraderVox.com Tradervox (Dublin) - The Bank of England has been relentless in its efforts to revert the current economic trend in the...