Posts published in August 2013

The Australian dollar climbed today even though the central bank cut interest rates. The statement was less dovish than usual, allowing the currency to bounce, while positive economic data added…

The Japanese yen was rising today ahead of this week’s policy meeting as traders believed that the central bank will keep monetary policy unchanged. The currency lost gains after leading…

The Great Britain pound rose against the US dollar and the euro yesterday and kept most of its gains today as macroeconomic reports were very good. The currency lost to the Japanese yen despite the good…

The Australian dollar fell sharply last week, touching the lowest level in 3 years against its US counterpart. Will the slide continue or the currency has found its bottom? Tomorrow’s meeting…

US dollar is paring some of its earlier losses against some of its counterparts on the latest economic news to be released. Many Forex traders are looking for direction, and taking this…

Euro is lower today, in spite of recent indications of stability, on the latest of retail sales data. Even though there are hopes that the economic contraction is over for the eurozone, there are…

The Australian dollar was soft today ahead of tomorrow’s Reserve Bank of Australia policy meeting as retail sales trailed forecasts, adding to speculations that the central bank will cut interest rates.…

The New Zealand dollar was rising today, but this should not deceive traders as the currency opened sharply lower after China and Russia banned imports of milk powder from Fonterra…

The Great Britain pound weakened this week against the US dollar and the euro, but losses were limited because of favorable fundamentals. The currency was also falling versus the Japanese yen, but…

The Great Britain pound climbed today as house prices grew with pace that was two times above the forecast and as construction expanded much faster than was expected. The Nationwide House…