Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Learn Forex
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="ForexRobots, post: 1753, member: 2082"] Here are some daily FX updates: YEN The Yen fell to a three month low against the Dollar and Euro on Tuesday as continued concerns over the viability of Japan’s economy pushed investors out of the Japanese currency and into a variety of other options. The Yen has rapidly lost its safe-haven status among investors who, even with the US’s problems, are flocking to the Dollar still. At 5PM GMT the Yen was down 2% to the Euro at 122.64 and 1 ¾% to the USD at 96.24. The British Poind also advanced on the Yen up 1.6% to 139.19 – the AUD rose 2 ½% to 62.1 and the Franc was up 2.2% to 82.7. USD US Housing prices fell an extraordinary 18.5% in December from the previous year as the scope of the crises that analysts theorize started the crisis in the US broadened (grew larger). The US markets were also waiting on Federal Reserve Chairman Ben Bernanke as he delivers testimony to the US Congress. The USD was trading mixed against a basket of currencies in advance of this news. As well, President Obama is scheduled to deliver a speech to both houses of Congress Tuesday evening regarding his proposals for cutting the enormous US deficit. Traders are skeptical of the plan which contradicts the recent stimulus package as it calls for raising taxes significantly. At 5:10 GMT the Dollar was down 1/3rd to the Euro at 1.2738, the CAD to 1.2491, the CHF to 1.1647, the AUD to .6436 and the NZD to .5093. The dollar did make gains against the GBP, up about ½% to 1.4428. EUR Germany came out with its much anticipated IFO business climate indicator which had fallen more than expected to 82.6 – estimates had the level remaining at 83.0. The market did not respond as traders took Tuesday to play the Dollar and Yen in advance of the news coming out of Washington. The Euro was up 1% versus the Pound to .8828, up slightly to the CHF to 1.4847 and the AUD at 1.9789 and trading flat to the NZD at 2.5. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…