Posts published in August 2013

The Norwegian krone was flat today after falling earlier as slowing economic growth made an interest rate cut from the central bank more likely. Such prospects hurt the currency, but…

Euro is heading higher today, thanks in large part to position squaring. Many believe that the euro is poised to move higher, thanks to uncertainty wracking the United States and thanks to recent…

US dollar is heading lower today, even with a few pro-dollar happenings earlier. With emerging markets crashing, and with tapering rumors continuing, the US dollar should be getting…

The Swiss franc climbed today as the drop of stocks and speculations about possible reduction of monetary stimulus by the Federal Reserve made the currency attractive to investors because of its role as a safe haven. The Stoxx Europe…

The Australian dollar dropped today after the Reserve Bank of Australia released the minutes of its last policy meeting. The central bank was more dovish than it looked previously and hinted that…

The Canadian dollar fell today ahead of this week’s retail sales report that is expected to show a small decrease of sales. The speculations about quantitative easing tampering by the Federal Reserve were…

The Australian dollar went higher at the beginning of the trading week, but was unable to keep gains and went down as traders continued to wait of the minutes of the last central bank’s meeting. The Reserve Bank of Australia…

Yen is continuing its drop today against its major counterparts, heading lower as the word spreads that a weaker yen is helping Japanese exports. With the economy picking up…

Euro is higher today, gaining on comments from Germany’s central bank. The idea that the ECB could raise interest rates soon as a curb to inflation has some traders wondering if…

The Great Britain pound strengthened today as Confederation of British Industry raised its forecast of UK economic growth, reinforcing the positive outlook for Britain’s economy and increasing attractiveness of the currency to Forex traders. CBI…