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SNB Inaction allows franc to climb
30So who didn’t see this coming? The Swiss National Bank (SNB) is exactly asleep at the wheel, but the franc was weakened (buoying the USD/CHF) as traders and investors waited
USDCAD Stalls On Disappointing GDP
30It’s not a good day to be long Canadian dollars against the greenback. Surprising currency markets, the Canadian economy contracted in the second quarter – the first time in almost
What the ADP Employment Report Means For the EURUSD
30According to employment data released by ADP Employer Services on August 31st, US companies hired far less in the month of August – dampening hopes of a recovery in the
What’s Happening With Currencies – August 31st, 2011
30Commodity bloc currencies are once again leading the fray, with all three moving higher against the US dollar. But, it’s a different story for the Euro and British pound. Both
Daily Technical Update – Aug 31, 2011
30U.S. Dollar key points: ADP employment came below expectations at 90k. All eyes on Non Farm payroll data due on Friday. EUR/USD Key Points: Down on weak consumer sentiment data.
Korean Won Advances to Two Week High
30Following relatively positive economic releases, the South Korean won advanced against the US dollar. Previously trading at 1073.69, the USDKRW exchange rate fell to trade at 1072.45 in Asian trading.
Why the Federal Reserve Minutes Weren’t That Great
30On August 30th, the minutes from the Federal Reserve’s August 9th meeting were released. And, they weren’t what the market was expecting. Speculators all prepared to accept the the inevitability
EUR/USD Fade Targets to Consider
30After the daily EUR/USD traded higher into the resistance area of the range, the bears stepped in to push prices lower. The selling pressure is accompanied by a negative Dow
NZDUSD Rises To the Highest In a Month
30Continuing on its recent ascent, the NZDUSD currency pair has risen to the highest exchange rate in a month against the US dollar – higher by a little over 7%
What’s Happening With Currencies – August 30, 2011
30Currency markets are mixed this morning with the commodity bloc making headway against the US dollar, while both the Euro and British pound fall. There is still no word from
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