 |
Find Out All About Forex Trading
Forex MarketThis forex trading week saw easing commodities prices, particularly crude oil, metals, and foods, and therefore broadly weaker commodities currencies, while risk aversion faded. Most regional economic data confirmed the global slowdown without yet indicating recessionary levels had been reached. The RBA meets Tuesday 5 August and is widely expected to leave rates on hold [...]
Crude oil continues to retreat from record highs due to demand destruction in a weakening global economic scenario. Mild U.S. dollar appreciation did not alter established trading ranges, merely the price’s location within them. Australian 2Q2008 PPI rose by 1.0% q/q, less than expected, lowering the y/y measure to 4.7% from 4.8% previously, another sign [...]
Although it was a difficult and volatile week for financial institutions, global stock markets, and commodities indices, the forex trading market remained relatively flat. Political turmoil in the Middle East again pushed crude oil to record highs, leading to further depreciation of the U.S. dollar and gains in commodities currencies. The Westpac-Melbourne Institute consumer sentiment [...]
With crude oil and other commodities continuing to set historically high prices, international financial and political leaders are exhibiting less patience with U.S. dollar weakness and intervention other than rhetoric becomes increasingly possible. The RBA left interest rates on hold at 7.25%, as expected; however, the accompanying press release, while noting stronger short-term inflationary pressure, [...]
This forex trading week saw a return of risk aversion and high volatility due to crude oil supply issues and rumours of further bank writedowns and profit losses. Equities indices slumped worldwide, accompanied by soaring commodities prices and strengthening of the safe-haven currencies as carry trades were once again unwound. Crude oil spiked above US$140/bbl [...]
A quiet week in the forex trading market, with many currency pairs consolidating within ranges or retracing. Australian data showed −3.3% q/q in dwelling commencements 1Q2008, however 4Q2007 was revised up to 4.2%. The WMI leading index, at 2.8% in April, was below trend of 4%, and industrial surveys reflect slowing domestic demand, scaled back [...]
A dramatic forex trading week, with easing risk aversion and greater stability for equity markets collapsing on Thursday with the press conference following the ECB’s interest rate decision, spurred on by unexpectedly weak U.S. unemployment data and another surge in commodities prices as institutional investors sought hedges in gold, crude oil, and other commodities against [...]
This was a week of restructuring financial expectations in the forex trading market, with volatility lowering and confidence rising as both turmoil and surging commodities prices eased. A number of currencies were revalued by the market as inflation concerns beat out growth worries, and forecasts of future rate cuts changed to expectations of rate hikes. [...]
