Foreign exchange traders buy euros even with bad data

Foreign exchange traders buy euros even with bad data. Today the German economic expectations worsened in March 2014 as the ZEW Indicator of Economic Sentiment fell for the fourth consecutive month to 46.6 (52 consensus and 55.7 in February). But Foreign Exchange Traders ignored this and started buying euros again with reckless abandon. Why do […]

Dont mention the euro exchange rate

US Dollar exchange rate For the US Dollar the CPI for February is released. The annual headline rate has been down this year and markets do expect this pattern to continue. Today in the UK there is no real data once again. Tomorrow sees a release of key data for the UK. Pound Exchange Rate […]

South African Rand and Turkish Lira

South African Rand and Turkish Lira are the two currencies that no one wants to own! Both currencies over the last year have fallen in value by a third – and thew outlook in both currencies is for further falls. According to UBS AG the Turkish Lira is still 12% overvalued and the South African […]

Russian stocks rally after Crimea polls back Ukraine split however currency markets take a dip!

Russian stocks rally after Crimea polls back Ukraine split however currency markets take a dip! US Dollar exchange rate Two events on Wednesday will dominate market thinking this week – firstly we have the March meeting of the US Federal reserve Open Markets Committee and, in the UK, the annual Budget presentation. Following February’s labour […]

Euro exchange rate advances as forex traders buy euros again

Euro exchange rate advances as forex traders buy euros again. the euro rate benefited from china buy euros and selling us dollars as they diversify out of the greenback. Russia has also been in the markets selling US dollar assets as sanctions from the Ukraine conflict esculates and the possibility of sanctions from the west. […]

Buying Euros – they may get cheaper

Good morning, A sharp rise in the euro exchange rate this week has increased the pressure on the European Central Bank president, who faces the challenge of pulling the eurozone out of potentially dangerous phase of extremely low inflation. The more the currency strengthens, the greater the downward pressure on prices. The euro’s relentless rise […]

Forex traders finally sell euros

Forex traders took the queue from super Mario to sell euros today as their leader abandoned them. Super Mario is been jawboning (talking for you not in the markets slag) the euro exchange rate down this afternoon as he appears in willing to allow the currency to go above 1.4000 which technically will push it […]