News / Page 454

US Session – Dollar rises after US House votes to delay debt ceiling

Posted on January 23, 2013 at 9:38 pm GMT

The euro ended up flat on the day, closing the US session at around $1.3320 near where it began on Wednesday’s Asian session. Markets look forward to the first LTRO repayment tomorrow. Meanwhile, the big news of the US session was that the US House of Representatives voted today to approve legislation suspending the debt ceiling for three months until May 16th. This will allow the US government to keep paying its bills and give lawmakers some time for long-term [..]

European Session – Yen dips after Nakao comments, GBP up on jobs data

Posted on January 23, 2013 at 1:47 pm GMT

The main focus was on sterling and yen today, which both gained sharply, though euro is also up. Sterling recovered from a near five-month low against the dollar after better-than-expected UK jobs data. The number of Britons claiming unemployment benefit posted a surprise fall in December to the lowest since mid-2011,and the unemployment rate fell to 7.7 percent in the last quarter from a previous 7.8 percent. GBPUSD rose to $1.5882 from $1.5800. Also buoying the pound was the release [..]

Forex News – Sterling rises on positive UK jobs data

Posted on January 23, 2013 at 10:42 am GMT

Sterling jumped after good news on UK jobs data. The claimant count change was much better than expected, showing the number of Britons claiming unemployment benefits fell more than forecast. The December number was the lowest since mid-2011, giving a sigh of relief to investors who are hoping that this could indicate some pick up in the UK economy and avoid another recession. The UK unemployment total has fallen to its lowest level in 18 months while the number of [..]

Asian Session – Dollar dips further versus yen

Posted on January 23, 2013 at 7:11 am GMT

The yen remains firm after Tuesday’s monetary easing measures by the Bank of Japan fell short of market expectations. The central bank announced it will launch an unlimited asset purchase program, however not until January 2014. This caused a USDJPY sell off. The decline continued today late in the Asian session after the Bank of Japan released its monthly report today. Some criticize that the 13 trillion yen in planned open-ended monthly asset purchases was too little to boost the [..]

US Session – Dollar remains weak as yen outperforms

Posted on January 22, 2013 at 9:39 pm GMT

Markets were very eventful on Tuesday, showing a lot of volatility due to various news flows and data. The big story of the day and outperformer was the yen and the sell-off in USDJPY after Bank of Japan policy announcements. The BOJ announced after its policy meeting today that it has set an inflation target of 2 percent and will launch an open-ended asset purchase program. This means unlimited bond buying and flooding the Japanese economy with money. The aim [..]

European Session – Euro bounces after German ZEW hits 2-1/2 year high

Posted on January 22, 2013 at 1:42 pm GMT

The euro experienced some volatility early in the European session but soon rose after the German ZEW index reported a higher than expected number. The index hit a 2-1/2 year high and gave a sigh of relief to markets that Europe’s largest economy will be able to recover from the crisis that has plagued the euro zone. The euro jumped against the dollar after the data hitting $1.3366, from $1.3302 before the survey. It recovered from a session low of [..]

Forex News – Euro jumps after strong German ZEW data

Posted on January 22, 2013 at 11:55 am GMT

The euro rose after the German ZEW index reported a higher than expected number, hitting a 2-1/2 year high and giving a sigh of relief to markets that Europe’s largest economy will be able to recover from the crisis that has plagued the euro zone. The ZEW index, which is a survey carried out by the Center for European Economic Research in Mannheim, Germany, shows analyst and investor sentiment in Germany. The index rose for a second consecutive month in [..]

Forex News – Dijsselbloem replaces Juncker as new Eurogroup chief

Posted on January 22, 2013 at 10:42 am GMT

The Eurogroup meeting that took place in Brussels on Monday, concluded with the election of a new president for the group. Almost all Euro zone member countries voted in favour of the appointment of Dutch finance minister Jeroen Dijsselbloem except Spain. Dijsselbloem replaces outgoing president Jean-Claude Juncker from Luxembourg. A statement by Eurogroup said Dijsselbloem will serve a 30-month term and that he will retain his post as Dutch finance minister while chairing the Eurogroup. After his appointment as new [..]

Forex News – Yen gains as BOJ delays quantitative easing

Posted on January 22, 2013 at 9:11 am GMT

The Bank of Japan concluded a two-day policy meeting on Tuesday and announced it will adopt new measures to fight the threat of deflation and generate growth in the stagnant Japanese economy. “In order to overcome deflation early and achieve sustainable economic growth with price stability, the Government and the Bank of Japan will strengthen their policy coordination,” the Bank of Japan said in a statement today. The central bank said it will pursue monetary easing and aim to achieve [..]

Asian Session – Yen gains after BOJ delays monetary policy

Posted on January 22, 2013 at 7:22 am GMT

The much anticipated Bank of Japan policy announcement on Tuesday resulted in volatility , especially in the USDJPY pair. The BOJ announced its decision to double its inflation target to 2 percent to be achieved as soon as possible. This was expected by the markets. More aggressive policy easing was also anticipated, however what disappointed investors was the announcement that this policy will begin until 2014. After the central bank first announced it will adopt an open-ended commitment to buy [..]

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