IMF Says Economies Are Improving

IMF Says Economies Are Improving

David Sumner | 09:35 | 25/03/14
The Yen declined against the Euro and the U.S. Dollar following comments by officials from the International Monetary Fund indicating that several economies are on the mend, thereby reducing demand for safety. Yen Weakens Against All The Yen fell against all of ...
Bank Of England Differs From Fed

Bank Of England Differs From Fed

David Sumner | 09:55 | 24/03/14
The Sterling declined the most in four months against the U.S. Dollar as the Bank of England provided different signals than the Federal Reserve on the future course of interest rates, bolstering demand for the greenback. Sterling Weakens Against Forex Counterparts The ...
U.S. Maintains AAA Rating

U.S. Maintains AAA Rating

David Sumner | 08:55 | 23/03/14
The Australian Dollar benefitted from the release of the economic surprise index, which showed that the nation posted positive macroeconomic fundamentals, surpassing analysts’ forecasts for the most part. Aussie Rallies The Australian currency weakened during early Asian market hours while Japan’s markets ...
Dollar Inches Higher Ahead Of FOMC

Dollar Inches Higher Ahead Of FOMC

David Sumner | 10:09 | 20/03/14
The U.S. Dollar appreciated for the first time in almost one week against the Euro as investors raised speculation that the Federal Reserve will continue reducing monthly bond purchases and may not continue utilizing technical guideposts for rate increases. Markets Confident ...
Putin Approves Annexation

Putin Approves Annexation

David Sumner | 09:39 | 19/03/14
The Yen advanced on comments by Russian President Vladimir Putin who approved the annexation of the Crimea region despite the fact that the European Union and the U.S. have threatened to impose sanctions. Putin Speaks to Parliament The Yen rallied against all ...
Markets Await West’s Response

Markets Await West’s Response

David Sumner | 10:35 | 18/03/14
As Russian stocks rallied the Yen slipped against all of its Forex counterparts. The markets are now waiting to see what the West will do in response to the election results in Crimea. Yen Retreats The Yen retreated from a previous high ...
Swiss Franc Sought As Haven

Swiss Franc Sought As Haven

David Sumner | 09:35 | 17/03/14
The Swiss Franc concluded the week at a two-and-a-half year high against the greenback as a fears over the situation between Russia and the Ukraine, together with the lackluster economic reports issued by China, prompted investors to remain risk adverse. Investors ...
U.K. Reports Widening Deficit

U.K. Reports Widening Deficit

David Sumner | 12:30 | 16/03/14
The British Pound traded steady against the greenback on Friday and remained under pressure on disappointing economic reports and on concerns over the Ukraine. The U.K. announced that the British trade deficit expanded in January. Britain Releases Disappoints The British Pound traded ...
Spotlight On The NZ Reserve Bank

Spotlight On The NZ Reserve Bank

David Sumner | 10:25 | 13/03/14
New Zealand’s Dollar advanced against its U.S. counterpart while investors were awaiting news from the Reserve Bank. Market traders were speculating that the central bank may increase the interest rate. Kiwi Strengthens The New Zealand Dollar gained against the greenback as the ...
Speculators Await BOJ Decision

Speculators Await BOJ Decision

David Sumner | 10:20 | 12/03/14
The Yen maintained a flat trend against the greenback as investors waited for the Bank of Japan to issue its stance on monetary policy. Economists raised speculation that policy makers would adhere to the status quo. Yen Rallies Against Greenback The Yen ...