It just won't go away, this needling worry about the U.S. dollar losing its coveted top-dog status.
Moving Averages, SMA, EMA, WMA, AMA, Momentum, MACD, OBV, Chaikin, RSI and ADX. But what does it mean and for what we can use them?
Carry Trading can be a way for a Forex investor to reap terrific profits on their investment. A carry trade is when a currency with a low interest rate is sold to purchase a currency that pays a high interest rate. The difference in the interest rate between the two currencies is called the interest rate differential. An example of a carry trade currency pair is NZDJPY. For a credit in Japan you need only to pay an interest rate of 0.1 %. On the capital market you will get for your money 5 % whe...
Scalping is a very short term trading style, and despite its odd name, it is quite a popular trading style among professional traders. Scalping is the shortest term style of trading. It is named like this because it attempts to make many small profits throughout the trading day.
U.S. gold futures rose toward $950 an ounce Wednesday on the back of an oil rally and weaker dollar, even as an industry report showed that gold jewelry demand fell hard amid a global recession.
Channel lines are straight lines that are drawn parallel to basic trendlines. A rising channel line would be drawn above the price action and parallel to the basic trendline (which is below the price action). A declining channel line would be drawn below the price action and parallel to the down trendline (which is above the price action).Markets often trend within these channels. When this is the case, the chartist can use that knowledge to great advantage by knowing in advance where support an...
The dollar and yen rose on Wednesday after Chinese shares extended losses, prompting investors to pull back from riskier assets.
The Australian Dollar opens higher today against the greenback at 0.8260.
China could still increase its holdings of US Treasuries if the dollar is stable, even though the long-term trajectory is to diversify its foreign exchange reserves, according to a former central bank governor.
The Australian Dollar opens higher today against the greenback at 0.8260. During local trade yesterday the Aussie moved half a US cent higher towards 0.8250 after the minutes of the Reserve Bank of Australia's August board meeting underlined once more the market's expectations of an interest rate rise by the end of the year. Also delaying another test lower for the currency was a stronger-than-expected performance on local equities which finished the day only slightly lower after a poor lead fro...
The euro rose on Tuesday, recovering from multi-week lows against the dollar and yen, after an unexpected gain in German investor sentiment boosted optimism about the euro zone economy.
The euro hit a two-week low against the dollar and neared a one-month trough against the yen on Monday as world stock markets fell and doubts about a U.S. recovery prompted investors to cut exposure to risk.
China reduced its holdings of U.S. Treasury debt in June by the biggest percentage in nearly nine years, according to Reuters historical data and a Treasury Department report issued on Monday.
The week to 11 August saw the first weakness on world equity markets in more than a month. The setback in risk appetite is also visible in the IMM data, which show that speculative investors reduced their aggregated short USD positions by almost one third.
Gold slipped to its lowest since late July in Europe on Monday as the dollar firmed against a basket of currencies and as a 2 percent decline in crude prices dented the precious metal's appeal as an inflation hedge.
The euro hit a two-week low against the yen on Monday and struggled versus the dollar as weak global shares and oil prices ruined traders' appetite for risk and battered currencies seen to be high-risk.
The Australian Dollar opens the new week lower at 0.8283. The Aussie hit an eleven-month high of 0.8475 last Friday after the Reserve Bank of Australia governor Mr Glenn Stevens said a normal cash rate is noticeably higher than the current level of 3 per cent.
Latin American stocks and currencies posted losses on Friday after U.S. consumer sentiment weakened unexpectedly in August, raising questions about the strength of the economic recovery and increasing global aversion to risk.
The yen extended gains against the euro and the U.S. dollar after a report showed U.S. consumer prices were flat in July over June but fell over the past 12 months by the most since 1950.
The euro hit a one-week high against the dollar on Thursday after the euro zone's two biggest economies posted surprise returns to growth in the second quarter, helping drag the dollar lower.
Mexico's peso firmed to a 9-month high on Thursday as appetite for higher risk assets grew after data showed Europe's biggest economies had exited recession.
The euro hit a one-week high against the dollar on Thursday after the euro zone's two biggest economies posted surprise returns to growth in the second quarter, helping drag the dollar lower.
Australian Dollar: Local investors were slightly disappointed by yesterdays Westpac Consumer sentiment index release sending the Aussie dollar down from early morning levels around 83 cents.
The dollar is little changed against its major rivals Wednesday morning as the market largely shrugs off U.S. trade data for June and focuses on the Federal Reserve's policy meeting.
Despite a relatively upbeat NAB survey on business conditions the Aussie dollar retreated from its intraday highs at 0.8380 in Asia yesterday dropping to a low of 0.8320 with the market questioning the sustainability of the recent rally in equities.
The Japanese yen rose broadly on Tuesday as investors bought the low-yielding currency as U.S. stocks declined and on rising risk aversion after disappointing economic data from China.
The dollar snapped three days of gains against a basket of currencies on Tuesday as investors await a Federal Reserve policy statement and debate whether strong U.S. data will support the currency going forward.
Despite some slightly disappointing home loan and investment lending data out of Australia yesterday the Aussie dollar edged higher in Asia bouncing back from an early Monday morning sell off to 0.8330.
The dollar held gains against the euro and a currency basket on Monday following a broad rally late last week on surprisingly strong U.S. jobs figures.
The dollar retained most of its gains against a basket of currencies on Monday but lost ground to the yen as Japanese exporters and short-term speculators took advantage of its jump the previous session on U.S. jobs data.
