The New Zealand dollar climbed today, reaching the all-time high versus the euro, after positive employment data from the United States bolstered risk appetite among Forex traders, making them prefer higher-yielding currencies. US employment data overshadowed the problems of Europe for a day and provided a major boost for currencies tied to growth. The United States has its share of problems, but traders prefer to look at a brighter side of things in the USA as they [...]
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Fundamental Forecast for the Euro: Bearish This could be it. We’ve been saying that for months, as Euro-zone leaders play a dangerous game of chicken with Greek politicians and market participants, having brought us to the edge of imminent collapse multiple times in the second half of 2011 alone. Unlike other times, in which all actors [...]
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DJ FXCM Dollar Index Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 9790.94 9809.93 9754.68 0.07 58.46% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.07% higher from the open after moving 59% of its average true range, and the rebound from 9,753 may accelerate over [...]
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Friday is going to be a big day in the markets as it is highly likely that we will go into the weekend without a resolution to the US debt ceiling debate. While this will certainly weaken the Dollar, at the end of the day when risk aversion increases due to potential structural issues, USD [...]
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The Great Britain pound went down today to the lowest level in six months versus the euro as the inflation grew less than forecast and the jobless claims rose, but recovered as unemployment rate unexpectedly fell. The currency also gained against the US dollar. The UK consumer prices rose 4 percent in March, while they were expected to rise 4.4 percent — the same rate as in February. The number of people seeking jobless benefits grew [...]
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FXstreet.com (Buenos Aires) – Following the weekly trend, dollar is quite negative on daily basis against major rivals, with one single exception: the so long suffered Euro. News of an IMF report warning about Spain outlook to remain uncertain, are again weighting on the common currency, as despite the recently gained bullish momentum that lifted [...]
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