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- It’s the primary gauge of consumer spending, which accounts for a majority of overall economic activity. – British retail sales have stayed unchanged in the past 2 months, disappointing the Pound. This time, they’re expected to rise by 0.6%. Like in every country, this is a major release; any number will move the market. [...]
The single Euro-Zone currency slid broadly on Thursday as investors’ revived safe-haven demand for the U.S. and Japanese currencies accelerated the EUR losses. The EUR weakened as equity and commodity markets fell encouraging investors to pare back exposure to risk and buy back the U.S and Japanese currencies against perceived riskier currencies. On Wednesday, the EUR [...]
The Australian and New Zealand Dollars headed for their first weekly loss against the USD this month as well as their first weekly decline versus the Yen in three weeks as Asian equities extended a global slump, reducing demand for higher yielding assets. Putting further pressure on the South Pacific currencies was the release of [...]
Indications from around the globe of a more restrictive official stance toward capital flows and currency volatility have been contributing to a reduction in risk appetite in trading recently. Concerns in countries outside the U.S. and China are mounting over the weak Dollar and Yuan. Recently several emerging-market central banks have taken measures seen as [...]
The Swiss franc fell broadly against the European currency and the U.S dollar after the country’s central bank said the nation may need tighter financial regulation than the rest of the world. The franc declined on Swiss National Bank Chairman comments that the problems linked to the financial market are bigger in Switzerland than elsewhere [...]
The current bearish trend is expected to come to an end anytime soon, and a bullish correction may be in the making. I will illustrate below that the NZD/USD may very well be heading for a reversal. Forex traders can take advantage of this imminent downward movement by entering short positions at an excellent entry [...]
In order to better assist in any future trading at ForexYard, the following is a brief analysis of gold and its recent ascent in the commodities market. After recently reaching a record high of $1,150 per ounce, gold continues its unprecedented rise as investors are increasingly turning to the metal as a safe haven asset. While [...]
The EUR strengthened for the first time in 3 days versus the Japanese yen on speculation the European Central Bank (ECB) will decide as soon as next month to stop some of its emergency stimulus measures. The European currency also gained strength against the U.S dollar on speculation the Federal Reserve will keep its stimulus [...]
There are several important events coming out of the U.S. and Europe including the German Ifo Business Climate and FOMC Meeting Minutes. These events always provide for extreme market volatility in the major currency pairs. 9:00 GMT: German Ifo Business Climate • This indicator reflects the level of a composite index based on surveyed manufacturers, [...]
It looks as if the USD may be getting some support against the Norwegian Krone as the Norwegian government plans to begin withdrawing its stimulus. According to the Finance Minister, Sigbjoern Johnsen, “Norway must remove government stimulus or risk faster interest rate increases that would strengthen the Krone and stifle an export recovery”. As a [...]