Greenback and Yen Slide as Equities and Commodity Prices Rise Monday - June 29th, 2009 Recap: Higher equities and commodities boost risk appetite weakening the Yen and greenback against their major rivals. News Provided by CMS Forex www.cmsfx.com Newscaster Nick Nasad Open up a free practice account and start trading Forex today.
Stocks Rally Boosting Higher Yielders, But Greenback Strengthen in Late NY Trading Thursday - July 23rd, 2009 Recap: With global stocks higher the Euro and Pound rose against the Yen and greenback. The rally was boosted by better data from the UK and US. However, the Dollar managed to stage a late rally. News Provided [...]
Sideways Trading Overnight Gives Way to Greenback Weakness Wednesday - July 22nd, 2009 Recap: The market looked for direction in today’s trading with the greenback slightly weaker in NY trading. The Pound was boosted after minutes showed it was a unanimous vote to not expand its quantitative easing policy. News Provided by CMS Forex www.cmsfx.com [...]
Consolidation Continues as Financial Jitters Remain; Late Rally in Higher-Yielders as US Housing Starts Surprise Friday - July 17th, 2009 Recap: The greenback and Yen gained overnight as continuing jitters over CIT Group and a terrorist attack in Indonesia boosted safe haven demand. However, a stronger housing starts release reignited some risk appetite in NY [...]
The Canadian dollar may face increased selling pressures over the next 24 hours of trading as economists forecast employment to fall 35.0K in June, and fears of a protracted economic downturn could weigh on the exchange rate over the near-term as the central bank maintains a dovish outlook for future policy. Trading the News: Canada Net Change in Employment What’s Expected Time of release: 04/09/ 2009 11:00 GMT, 07:00 EST Primary Pair Impact : USDCAD Expected: -35.0K Previous: -41.8K Impact Canada ’s change in employment had over USDCAD for the past 2 months May 2009 Canada Unemployment Rate Employment in Canada plunged 41.8K in May, with the jobless rate rising to an 11-year high of 8.4%, and conditions are likely to get worse as businesses continue to scale back on production and employment following the downturn in global trade.
Yen and Greenback Gain Overnight on Global Growth Uncertainty, Higher Yielders Pare Some Losses in NY Trading Monday - July 6th, 2009 Recap: With stocks sliding overnight, the Yen and greenback continued the theme of risk aversion following Thursday’s weaker non-farm payroll report. News Provided by CMS Forex www.cmsfx.com Newscaster Nick Nasad Open up a [...]
Trading the News: Reserve Bank of Australia Interest Rate Decision What’s Expected Time of release:?? ??? ? 07/07/2009 04:30 GMT, 00:30 EST Primary Pair Impact :?? ? AUDUSD Expected: ?? ??? ?3.00%??? Previous: ?? ??? ?3.00% Impact the RBA Rate Decision had on AUDUSD over the last 2 months mont hs ? Period Data Released Estimate Actual Pips Change (1 Hour post event ) Pips Change (End of Day post event) June 2009 06/02/2009 09:00 GMT 3.00% 3.00% +10 +116 May 2009 05/05/2009 09:00 GMT 3.00% 3.00% –4 +17 June 2009 RBA Rate Decision The Reserve Bank of Australia kept the benchmark interest unchanged at 3.00% for the second consecutive month in June, but continued to hold a dovish outlook for future policy as price growth falters. The RBA minutes said that the current policy in place ‘would be consistent with fostering sustainable growth and low inflation,’ but continued to see scope for ‘some further easing’ as the outlook for global growth remains weak
Nonfarm Payroll Much Weaker, Extends Greenback’s Overnight Gains on Increased Risk Aversion Thursday - July 2nd, 2009 Recap: Today’s disappointing nonfarm payroll report added to risk aversion that had already grabbed hold in overnight trading. Plunging stocks strengthened the Yen and Dollar. News Provided by CMS Forex www.cmsfx.com Newscaster Nick Nasad Open up a free [...]
Euro Gains Ground on Rivals, European and US Stocks Bounce Back From Yesterday’s Sell-off Wednesday - July 1st, 2009 Recap: Following a move in favor of the greenback yesterday on the back of dips in equity markets amid the close of the second quarter, today saw a return to positive sentiment. Stocks rallied from yesterday’s [...]
Greenback Gains on Risk Aversion Amid Falling Stocks and Weak US Consumer Confidence Tuesday - June 30th, 2009 Recap: Stocks in Europe and the US fell today as the UK posted weaker 1st quarter GDP data and the US saw consumer confidence unexpectedly slide. The burst of risk aversion strengthened the greenback against its rivals. [...]
