Posts published in July 2013

Once again, economic data indicates that things in the United States are far from certain. As a result, the US dollar is down against many of its counterparts today. The culprit in this…

The latest consumer confidence data out of the eurozone indicates that the recession might be coming to an end. This is good news for many who are hoping that the 17-nation currency region…

The New Zealand dollar advanced today as risk appetite on markets helped riskier assets, driving commodities higher and increasing the appeal of growth-related currencies. Gold reached the highest level in a month and iron ore…

The Chinese yuan rallied today as officials’ comments about economic growth improved the traders’ sentiment and attracted them to nation’s assets. Chinese premier Li Keqiang expressed an opinion that growth will…

The Australian dollar had rather nice rally last week. Can it keep gains this week or even move higher? Analysts disagree on this matter. There are not many…

China’s policy makers made a move to liberalize the economy by removing floor on lending rates, a measure that was welcomed by market participants. Still, the Chinese yuan was weaker today. The People Bank…

The Swiss franc gained today even after Swiss National Bank President Thomas Jordan said that the cap on the currency will remain in place as the economy is not healthy enough to tolerate…

Japanese yen is heading higher today, bouncing following a drop accompanying the latest Japanese election. With Shinzo Abe confirmed in the Prime Minister spot, it appears as though there is…

Euro is higher against the US dollar today, even with the swelling eurozone debt. However, the greenback is one of the very few major currencies that the euro is gaining against.…

This week could be called Ben Bernanke’s week as attention of all Forex traders was focused on the testimony of the Federal Reserve Chairman. The dollar was rising ahead for the speech, but tumbled…