Forex market analysis

US Dollar Mostly Lower as Risk Appetite Makes an Appearance

Focus on hundred dollars Risk appetite is making an appearance as investors show optimism through higher stocks. As a result, the US dollar is mostly lower against other majors today. Greenback is lower against the euro, pound and yen today.

Even though the US dollar is mostly lower in Forex trading today, the difference isn’t terribly large at this point. Indeed, for t

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Europe Lifts Ringgit

Europe Lifts Ringgit The Malaysian ringgit gained today as risk appetite, spurred by positive sentiment about Europe, outweighed the negative economic report from Malaysia itself.

Malaysian factory production demonstrated the lowest growth in four months in November. The negative data hasn’t deterred traders as currently positive mood prevails on markets, at least unti

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Euro Manages to Hold On to Gains — For Now

A fan of 500-euro bills Euro is managing to hold on to some of its gains for now. Euro saw some small success against the US dollar yesterday, and is working to keep those gains today. For now, the euro is receiving some help from European leaders, but Forex traders will need to get on board if the euro is expected to see any real advances anytime soon.

Euro’s current g

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JPY Drops vs. EUR

JPY Drops vs. EUR The Japanese yen dropped today against the euro as Germany’s leader meets the head of the International Monetary Fund to discuss the ongoing issues of the European Union and possible ways to resolve the credit problems.

Angela Merkel, German Chancellor, meets Christine Lagarde, Managing Director of the IMF, in Berlin today. Merkel explained that

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Role Reversal Growing among Eurozone Banks and Cash-Rich Corporations

Role Reversal Growing among Eurozone Banks and Cash-Rich Corporations(eToro Blog) While the ECB remains the primary lifeline for cash-strapped banks, the deficiency of funding from traditional inter-bank lending has compelled many of the Eurozone’s financial institutions to find alternative funding sources. It has been reported that many of the Eurozone’s largest cash-flush companies, foregoing the traditional ban

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Chinese Trade Surplus Widens as Imports Cool

Chinese Trade Surplus Widens as Imports Cool

(eToro Blog) China reported that its trade surplus widened in December and beat analyst expectations. Exports remained strong despite a global financial slowdown and imports weakened. December trade surplus grew to $16.52 billion, coming in much higher than analyst expectations of trade surplus of $8.3 billion. Exports in December rose 13.4% on an

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SNB’s Hildebrand Resigns; Perhaps Not Voluntarily

SNB’s Hildebrand Resigns; Perhaps Not Voluntarily(eToro Blog) Yesterday, it was reported that Philipp Hildebrand, the Chairman of the Swiss National Bank, voluntarily resigned his position following allegations that his wife had engaged in a transaction which netted her a significant profit upon the SNB’s pegging of the Swiss Franc to the Euro. The former Chairman said that because he could not d

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