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Daily Analysis
Risk Appetite Returns to Trading
Tuesday, 14 Jul 2009 07:02:28 GMT
The Yen slid against its major currency counterparts and the Dollar posted mild losses against all currency pairs except the Yen following a rally in global equity markets. The rally prompted investors to turn to higher yielding riskier assets and away from the safety of the USD and JPY. With risk appetite the main focus for today's trading and while market conditions remain mixed, traders should follow the vital economic data to be released today from the U.S and Europe as this will provide direction to the market for today's trading.
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Forex News Archive
New York Close Forex Update
USD Slides Before The Goldman Sachs Report
Monday, 13 Jul 2009 20:03:16 GMT
The U.S. dollar traded mixed against its major rivals on Monday, rising against the Japanese yen but falling against the EUR, as a rally in Goldman Sachs Group Inc. and other U.S. banks spurred speculation investors will increase holdings of higher-yielding assets. Upside surprises in bank corporate earnings reports this week could boost confidence in the U.S banking system and increase demand for safe-haven U.S. currency
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Forex News Archive
Afternoon Forex Update
USD and JPY Maintain Strength
Monday, 13 Jul 2009 11:52:39 GMT
The Yen and Dollar continue to strengthen today against their major currency pairs as stocks continue to decline spurring demand for the safe haven status of the Japanese and U.S currencies. The Yen and Dollar are expected to stay firm throughout the trading day as investors stay cautious ahead of the second quarter earnings season which is likely to show mostly poor results.
 

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