Forex market analysis

Australian Dollar Falls as China Signals About Slowing Growth

Australian coins and banknotes The Australian dollar slipped, falling to the lowest level this year against its US peer, as negative macroeconomic data hurt prospects for Australia’s exports and general pessimistic sentiment on the Forex market reduced appeal of growth-related currencies.

The National Bureau of Statistics reported that China’s consumer price index fell from 3.6

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Pound Drops as Consumer Confidence Worsens

Great Britain pound symbol The Great Britain pound declined after a report showed that confidence of Britons worsened last month, spurring speculation that the Bank of England will be forced to perform quantitative easing.

Nationwide Building Society reported that the Consumer Confidence Index fell from 53 in March to 44 in April. Estimates before the report predicted the 

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Ruble Follows Oil Price in Decline, Rebounds

A heap of 1,000-ruble bills The Russian ruble fell today, before rebounding later, as prices for crude oil, the chief export of the country, declined, resulting in a drop of the trade balance surplus.

Crude oil prices fell 0.2 percent to $96.86 per barrel in New York today, heading for a second weekly drop. The prices were under pressure from swelling US stockpiles and 

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Canadian Dollar Gets Boost on Employment Gains

A fan of 100-dollar notes Canadian dollar is getting a boost today against the US dollar as employment news turns out more positive than expected. Loonie is higher against its US counterpart on the good news, even as risk aversion in general weighs on other high beta currencies.

Canadian dollar is heading higher today, thanks to a strong employment report. According to Stat

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Euro Falls as Greece Continues to Wrangle

Stack of one-euro coins on a chart Greek political leaders continue to wrangle in an effort to form a government, and that is weighing on the euro, especially against the US dollar. Yesterday, the euro showed some spunk, and riskier assets received a bit of a boost. Today, though, risk aversion is back in full force over Greece, and over the latest news from JP Morgan Chase.

In Gree

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JP Morgan’s $2 Billion Loss a Good Reminder of Better Opportunities

JP Morgan’s $2 Billion Loss a Good Reminder of Better OpportunitiesMay 11th, 1:20 pm by Barbara Zigah

This post is also available in: Italian


JP Morgan’s $2 Billion Loss a Good Reminder of Better Opportunities (eToro Blog)  News that conservative banking giant JP Morgan suffered a major loss due to a botched trading strategy hit equities hard and is likely to continue to have repercussions beyond Europe’s equity markets (all currently lower) a

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Indonesia Rupiah Advances as Intervention Anticipated

50,000 and 100,000 Indonesian Rupiah bills The Indonesia rupiah advanced today on speculation that the nation’s central bank will intervene, buying the currency, to reduce currency volatility and slow growth of consumer prices.

Analysts speculate that the Bank Indonesia may boost its interest rates after keeping them unchanged on the last policy meeting. The bank may do so to keep inf

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