 |
Find Out All About Forex Trading
Market WrapRising risk appetite this past forex trading week undercut the safe-haven currencies, while lowering confidence indices and milder inflation figures did the same for the Euro and easing of commodities prices weakened the currencies of export nations—leaving the U.S. dollar and the pound sterling as the last major currencies standing.
Australian inflation printed at 4.2% in [...]
A cautious beginning to the forex trading week abruptly changed course on Wednesday, 23 April. Following the success of many major financial institutions in raising capital, reports circulated through the forex and equity trading markets that liquidity had returned to the credit markets, and gains made the previous week consolidated and even extended modestly. The [...]
Continued auctions by multiple central banks, and lower-than-expected losses in 1Q2008 earnings from major financial institutions, initiated a relief rally in equities and the forex trading market this past week. Risk aversion dropped and carry trades rose on the widespread belief that the unconventional measures taken by the Fed, ECB, BoE, BoJ, and SNB have [...]
The forex trading week was dominated by meetings of the IMF and G7, and although the latter restrained from releasing their statement until after the close of trading on Friday, the former’s overall pessimism once again heightened risk aversion. IMF forecasts of a 25% chance of a global recession and warnings of financial institution writedowns [...]
The close of 1Q2008 saw rising confidence and greater stability in the forex trading market as investors, perhaps punch-drunk from poor economic data in the U.S., took further such in stride. Many currency pairs consolidated, and several ended the week within a few pips of their Monday opening levels. Meanwhile, the price tag for the [...]
The most recent wave of financial turmoil subsided this past forex trading week, leaving investors wary and looking for the next round while many currency pairs consolidated. Measures enacted by the U.S. Federal Reserve and other central banks seem to be stabilising financial markets, although Goldman Sachs forecast eventual losses of US$460Bn from the subprime [...]
The Easter-shortened financial week began on Sunday for the U.S., with the announcement of an emergency 25bps cut to the discount rate and the fire sale of Bear Stearns to JP Morgan at the used-goods price of $2/share, funded in part by the Federal Reserve and brokered in part by the U.S. Treasury. Other measures [...]
Bold and creative liquidity initiatives by the U.S. Federal Reserve, backed by the European Central Bank and the Swiss National Bank, calmed financial markets for the first half of the forex trading week; however, meltdowns at multiple major financial institutions, including Drake Capital, Carlyle Capital, and Bear Stearns, sent global equity markets tumbling and forced [...]
