Archive | Market News RSS feed for this section

Yen trims losses after BOJ policy announcement

The yen gained against the euro and US dollar in today’s Asian session after the Bank of Japan announced it maintained its current monetary stimulus program. The central bank’s governor, Haruhiko Kuroda announced that the board unanimously voted to expand the monetary base by between 60 trillion yen and 70 trillion yen per annum. This will help stimulate the sluggish Japanese...

Continue reading...

October 31, 2013 @ 8:46 am

0 Comments

Euro hits new 2-year high above $1.38

Risk sentiment was boosted in the Asian session and euro and sterling rose against the dollar, while the safe haven yen weakened. Data from China eased fears over a slowdown in the world’s second largest economy after the preliminary reading of the HSBC manufacturing index rose to a seven-month high of 50.9 in October. This was more than the expected 50.5 and higher than a final reading of...

Continue reading...

October 24, 2013 @ 9:29 am

0 Comments

Euro extends rally to fresh 8-month high

The risk rally continued today as the US dollar remained weak across the board. Expectations for a continuation of Federal Reserve stimulus until the end of the year are causing a selloff in the greenback. This helped boost the euro the highest level in eight months while the pound sterling hit a 2-week high against the dollar. EURUSD finally briefly pierced a key resistance level of...

Continue reading...

October 18, 2013 @ 1:13 pm

0 Comments

Fed meeting primary focus this week

The main focus of this coming trading week will be in the US Federal Reserve policy meeting on Wednesday. Currency markets will likely to be subdued ahead of this as investors wait anxiously for more clarity on whether the Fed will taper its stimulus measures soon and by how much. The FOMC begins the two-day policy meeting on Tuesday, and will announce interest rates and policy on Wednesday,...

Continue reading...

June 16, 2013 @ 12:50 pm

0 Comments