News / Page 419

US Session – Dollar given boost by Fed’s Williams remarks on cutting QE

Posted on May 16, 2013 at 7:39 pm GMT

The dollar held onto losses in the US session on Thursday after being weighed down by a series of disappointing data. There was a surprise rally at the end of the session though when Federal Reserve’s John Williams said that “If the economy grows as forecast, “we could reduce somewhat the pace of our securities purchases”. Before these remarks the dollar was weakened by concerns that the Federal Reserve’s stimulus policies will stay in place for a while. Such stimulus [..]

European Session – Euro rises against broadly weaker dollar after US jobs data

Posted on May 16, 2013 at 1:22 pm GMT

After a flat Asian session, activity picked up in the European session on Thursday after a series of economic data. A broadly weaker dollar helped risk currencies cut their recent losses. The euro got its first lift against the dollar early in the European session after euro zone trade data for the month of March A report showed the region’s trade surplus hit its highest on record highs at 18.7 billion, with exports surpassing imports by 2.8 percent, while imports [..]

Forex News – Japanese economy grows at faster pace as Abe’s stimulus takes effect

Posted on May 16, 2013 at 6:54 am GMT

Japan experienced a pick up in the pace of growth in its economy during the first three months if this year. Data released on Thursday showed that GDP increased at 0.9 percent, which was more than the expected 0.7 percent forecasted. Driving growth was an increase in consumer consumption and also an increase in exports. Japan is hugely dependent on exports. On an annualized basis GPD grew 3.5 percent. This is higher than the 2.5 percent growth of the US [..]

Asian Session – Yen lifted slightly after strong Japan GDP data

Posted on May 16, 2013 at 6:19 am GMT

The yen moved off a four-year low in Thursday’s Asian trade after some good Japanese data helped pause its decline. Meanwhile some weaker US data also slowed the dollar’s rally. Some preliminary GDP data released today showed the Japanese economy grew 0.9 percent in the first quarter, much more than the forecast for a 0.7 percent increase. Meanwhile, in the prior US session, there was a raft of US data that was perceived as negative for the US economy, and [..]

US Session – Dollar remains firm despite mixed US data

Posted on May 15, 2013 at 8:28 pm GMT

The US dollar remains relentless and continues to gain strength across the board on Wednesday, even after weak US economic data on New York State’s manufacturing sector. The New York trading session was upbeat, helping the dollar strength, and the Dow Jones and S&P closed at record highs. The ICE dollar index which measures the USD against six other major currencies, traded at 83.833, the highest level since July 2012, compared with 83.575 late Tuesday. The euro slid to a [..]

Forex News – Bank of England foresees UK growing at faster pace

Posted on May 15, 2013 at 4:23 pm GMT

The UK economy may have some ray of hope for some growth in coming months, based on the Bank of England’s projections. BOE Governor Mervyn King presented his economic forecasts today with the releases of the bank’s quarterly inflation report, predicting that the UK economy will grow at a faster pace while inflation will be lower than expected. However King made no mention of quantitative easing, and whether there will be any more bond buying. Britain’s economy grew 0.3 percent [..]

European Session – Euro hits 6-week low on weak GDP data

Posted on May 15, 2013 at 2:09 pm GMT

The euro fell to the weakest level in six weeks against the dollar on Wednesday, after being weighed down by disappointing euro zone growth data which renewed fears about the euro zone debt crisis. The weak data will give the European Central Bank more reason to need to cut interest rates again in order to help stimulate the economy. The widening divergence between the euro region economic recovery and the US improving economy is fuelling demand for the dollar and [..]

Asian Session – Yen hovers at four-year lows as dollar remains firm

Posted on May 15, 2013 at 5:45 am GMT

Markets were quiet in the Asian session on Wednesday as there was little on the economic calendar and lack of news to act as a catalyst for any major moves. Most currencies consolidated around previous levels. The dollar maintained its strength after getting another boost in yesterday’s US Session, on speculation that the US Federal Reserve will soon begin to wind down its quantitative easing program. Comments made by Fed’s Charles Plosser that he wants this to happen as soon [..]

US Session – Dollar rallies past 102 yen

Posted on May 14, 2013 at 8:11 pm GMT

The dollar was on a roll again in Tuesday’s US session after a brief pause in its strong rally earlier in the day. The greenback broke above the key 102.00 yen propelled by rising US equity markets and overall upbeat mood in financial markets. Helping support the dollar were comments today by the Federal Reserve’s Charles Plosser who said that he wants the Fed to begin cutting back on its bond buying as soon as its next policy meeting. USDJPY [..]

Forex News – Euro dragged down by weak German investor sentiment data

Posted on May 14, 2013 at 1:50 pm GMT

German investor confidence was weaker in May according to a survey conducted by the ZEW Center for European Economic Research in Mannheim, Germany. The closely watched index is compiled by asking around 275 German institutional investors, to give their outlook for the next 6 months on Germany, and this index rose less-than-expected this month to 36.4. Economists had projected it to rise at least two points from a previous 36.3. The data renewed fears of the euro zone crisis impacting [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

News

XM Live Chat