The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges to a Las Vegas-based trader following charges of attempted manipulation in the oil markets. Daniel Shak…
Posts published in November 2013
Indonesian Rupiah Drops After Failed Debt Auction
The Indonesian rupiah dropped today after the nation’s debt auction failed and as investors were selling Indonesian assets. Indonesia sold $190 million of bonds yesterday, trailing the $450 million target. It…
Rally of Australian Dollar Fails
The Australian dollar was rising at the start of today’s trading session, but the rally failed and the currency is trading below the opening level right now. Reserve Bank of Australia Deputy Governor Philip…
Dollar Outlook: Thin Trading, Mixed Behavior
The US dollar demonstrated mixed performance in the previous week. Analysts think that the same may happen this week too. On one hand, the minutes of the latest Federal Reserve monetary policy meeting…
Australian Dollar Battles Adverse Fundamentals
The Australian dollar was flat against its US peer and rose versus the Japanese yen. The general positive market sentiment helped the currency to battle negative domestic fundamentals. The Australian currency was…
CAD Lower vs. USD on Oil Prices, Stronger vs. EUR & JPY
The Canadian dollar fell against its US counterpart today as crude oil prices dropped. At the same time, the currency strengthened versus the euro and the Japanese yen. Crude oil slumped today as much…
UK Pound Pulls Back on Housing Price Bubble Worries
The latest housing data in the United Kingdom sees home prices heading a little bit higher. However, there are worries that housing prices could be heading into bubble, and that…
Euro Hits the Brakes After ECB Rate Cut Comments
Euro has been doing reasonably well recently, thanks to a bit of risk-on trading and some optimism. Now, though, the brakes have been applied. Euro is losing ground as comments from…
Political Protests Make Thai Baht Less Appealing
The Thai baht slipped today as political tension was mounting in Thailand and people were protesting against the current government, demanding the Prime Minister to step down. More than 100,000 people went…
Yen Weaker on Iranian Deal
The Japanese yen fell today as deal was reached about the Iranian nuclear program, allowing the Middle Eastern country to enrich uranium for peaceful purposes. Iran agreed to limit is nuclear program,…