USD has started its retracement from its last high. This is on the backdrop of more concrete commitments by the Euro-zone leaders and improving US economic data.Aided by one week long improvement in all region bourses, the overall risk appetite has improved with some significant exits in safe-haven instruments such as Gold, USD and Yen. Specifically for USD Index, The…
Tag: Currency Market
Swiss National Bank set minimum exchange rate for Swiss Franc vs Euro to fight over valuation | Currency Investments
On Tuesday 6th September, Swiss National Bank (SNB) signals that it would peg EUR/CHF exchange rate to a minimum rate of CHF 1.20. The franc, which has surged by about 20 percent as investors seek refuge from the eurozone crisis, dropped nearly 10.0 percent after the central bank issued its intent. The franc is soaring largely because it is considered…
US Debt Ceiling saga clouded upside potential of markets | Gold & USD Index Technical Analysis | US Stock Markets
Around the world, across different markets, investors have reacted in great anxiety anxiety especially to the ongoing gridlock between the White House and Republican lawmakers over a path toward raising the government’s debt limit and avoiding a potential default. A deal on the debt limit is needed for the government to avoid running out of funds to pay its bills…
Multi week lows for major stock markets – Dow Jones Industrial, Nasdaq, Straits Times Indices with soft USD $ | Technical Analysis | US Stock & Currency Markets
The market is still digesting that there’s been a softening in economic growth in the U.S. and other parts of the world. This is not surprising as there are signs of bearish divergences in most of the indices technical chartings. The six-week losing period, which has knocked 6.7% from the Dow, is the longest stretch since October 4, 2002, when…
USD Index, USD/SGD staged a recovery | Technical Analysis | Currency Markets
Few weeks back when I last did a post and recommended aggressive entry into major currencies against USD (especially USD/SGD pair), that was when $USD went as low as 72.60. This is among the multi-year lows. Now the $USD (USD Index) has staged a decent recovery and even breaches the top of the declining channel at 74.60. Slight formation of…
SGD/USD, with SGD strengthening after MAS monetary policy announcement | Currency Prices | Singapore
The Central Bank of Singapore announced Thursday this week (14/4/2011) that it had tightened its monetary policy further, re-centering to a higher level the mid-point of the band it uses to guide the trade-weighted Singapore dollar exchange rate. The Monetary Authority of Singapore (MAS) said it will “re-center the exchange rate policy band upwards. The exchange rate policy band will…
China’s Interest Rates Hike – Expected?
It seems Santa is out to fight inflation. The market has responded unfavorably to the news with Shanghai stock index ending 1.9% lower. Possible implication will spread across the globe with Yen to rise further and dollar to be under greater pressures. Read more @ http://www.marketwatch.com/news/story.asp?guid=%7B71DE9D36-1175-11E0-9A9E-002… Follow us on: Share this article on: