Chinese Yuan Falls as Greece Damps Demand for Riskier Assets
The Chinese yuan weakened a little today as the crisis in Europe reduce attractiveness of emerging markets’ assets and as China’s central bank lowered reference rate.
USD Foreign Exchange Rate Climbs as Greece to Exit Euro?
The USD has gained more than a cent against the pound, as confirmation Greece will hold a second general election in June panics the market.
EUR/CHF Fundamental Analysis May 16, 2012, Forecast
Analysis and Recommendations:The EUR/CHF ended the days battle at 1.2008 slowly moving closed to the SNB floor of 1.20, since April 5th the pair was in a tight trading range between 1.2010 and 1.2025 unable to break free, but this week the pair
EUR/GBP Fundamental Analysis May 16, 2012, Forecast
Analysis and Recommendations:The EUR/GBP closed at 0.7966 down a few pips. The pound is underperforming on the crosses despite a release of better than expected trade data. The deficit narrowed in March, and positive revisions were seen in th
GBP/USD Fundamental Analysis May 16, 2012, Forecast
Analysis and Recommendations:The GBP/USD continues to decline, losing the battle against the USD. The greenback continues to trade with unbelievable strength as investors remain in risk aversion mode and shed anything European including currenc
NZD/USD Fundamental Analysis May 16, 2012, Forecast
Analysis and Recommendation: (close of the Asian session)The NZD/USD is trading at 0.7784 down a bit in this morning’s session. The kiwi dollar fell to a five-month low as Greek politicians struggled to form a new government, heightening specu
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Rumours BoJ may cut its interest rates on meets May 22-23
interesting talks, rumours - no details - that BoJ may cut its interest rates from 0-0.1% to 0-0.05% when it meets next week, May 22-23.
Greece Has Mixed Impact on Canada’s Currency
The Canadian dollar advanced today against the euro as the political turmoil in Greece made traders flee from the shared European currency. The loonie also rose a little versus the Japanese yen, but fell against the US dollar.
AUD Retreats as Fears of European Crisis Grip FX Market
The Australian dollar gained today on speculation that its previous losses were excessive. The currency trimmed gains versus the Japanese yen and fell against the US dollar as fears of the European crisis returned to Forex traders.
Greek Disunity Sinks Euro
Greece’s future continues to remain dependent on the formation of a recognizable parliament as party leaders continue on with their impasse. However, meeting for the ninth day, party leaders will once again come to together, hopefully making pos
Euro Rebounds on Germany’s GDP
The euro rose today, rebounding from the lowest level in several months, as Germany’s economy grew last quarter, easing worries about the negative impact that the credit crisis has on the eurozone economy.


