Posts published in September 2014

The Australian dollar maintained its downward bias at the Asian session today after economic data showed that the business confidence fell a bit and the number of home loans grew less than was…

The New Zealand dollar retreated against its US counterpart today as the greenback retained its strength despite disappointing US employment data. At the same time, the kiwi posted gains versus the Japanese…

The Australian dollar slumped against its US counterpart and weakened against the euro even as both domestic and overseas economic news were positive for the currency, which was demonstrating remarkable strength last…

UK pound is lower today, thanks in large part to the latest poll on Scottish independence. The latest numbers indicate that those favoring a split from the United Kingdom have pulled ahead…

Japanese yen is mostly lower against its major counterparts today, following the latest GDP data. With the GDP for quarter two growing less than expected, renewed calls for stimulus…

Summer has ended, and traders returned from vacations, meaning that trading activity should start picking up. The first trading week of autumn surprised market participants with two shocks:…

The most important event this week turned out to be the monetary policy of the European Central Bank. Analysts expected it to be uneventful, but they were completely wrong. The resulting shock…

The Canadian dollar fell today as economic data from Canada was unexpectedly bad. The losses were limited, though, perhaps because market participants paid more attention to news from the Unite…

US non-farm payrolls provided nasty surprise for dollar bulls, sending the US currency down, as they came out much worse than was expected. The greenback halted its rally but…

The Japanese yen traded near the opening level against the US dollar after touching the lowest rate since October 2008 earlier today. The currency is losing ground versus the euro following…