Downgrades to banks exposed to Eastern European markets are hurting the euro zone Banks with exposure to Eastern European markets are facing a downgrade right now — and it isn’t helping matters in the euro zone. Indeed, there is concern that a loss of confidence in the European banking industry is sending the euro lower [...] [...more]
Emerging market currencies hard hit right now Some of the biggest casualties of the global financial crisis have been the emerging market currencies. These are currencies from countries like India, Brazil, China and South Korea, Thailand and Vietnam that have up-and-coming economies that rely on global consumption of their exports. As one might imagine, with [...] [...more]
Concern remains over economic stimulus, bank stabilization Risk aversion is the main forex trading strategy today. In currency trading on the FX market, the flight to safety is rather pronounced. Even with talk of economic stimulus and bank stabilization, risk aversion is high. This is because traders aren’t sure exactly how helpful current efforts to [...] [...more]
Long-term, the greenback may be in trouble in forex trading One of the issues that is starting to be talked about right now is the fact that U.S. dollar underlying fundamentals do not look particularly good. For the most in the past months, the fundamentals of the U.S. economy have not been much of an [...] [...more]
Euro zone could use help, too Right now, the forex market seems to want to reward those currencies connected with strong economic stimulus packages. With the U.S. on the verge of passing something that will cost more than $800 billion, the U.S. dollar appears to be reaping the benefits — at least against the euro. [...] [...more]
There is concern about the long-term viability of the economic stimulus plan The U.S. Senate is currently wrangling over the economic stimulus bill — causing a delay to what many feel is an inevitable passage. However, with some moderate Republicans promising to cross party lines, it looks as though there could be a vote on [...] [...more]
Loonie drops in forex tradingThe Canadian dollar is heading lower in currency trading on the FX market today as the Canadian labor report is released. Indeed, it appears that things are looking weak for the Canadian economy, and that is sending the loonie lower in forex trading. With the global recession stifling demand for commodities [...] [...more]
U.K. pound sees some help in currency tradingSterling got a little bit of a boost in FX trading earlier (gains are stalling now, though) with some unexpectedly good U.K. economic data. Granted, the data isn’t great, but the construction PMI data wasn’t as bad as thought. Between better than expected data, and efforts by the [...] [...more]
Oil prices send Canadian dollar lower in currency tradingThe loonie is falling yet again in forex trading on the currency market. Today, the main catalyst for a dropping Canadian dollar in currency trading is the fact that oil prices are dropping below $41 a barrel. However, that’s not the only problem afflicting the loonie. Right [...] [...more]
Canadian dollar in currency trading on the FX marketIt’s official: Canada is now in recession. On the news — not surprisingly — the loonie has fallen in forex trading against the U.S. dollar. As the global economy continues to erode demand for Canadian exports, the dollar will continue to drop in currency trading on the [...] [...more]
