FX trading with the AussieThe Australian dollar is down slightly in currency trading against the US dollar this morning. FX trading with the Aussie should consider that banks worries are starting to impact things down under.
In forex trading, the Australian dollar is attempting a retracement against the US dollar, but there are concerns that it may not hold. FX trading with the Aussie is also affected by commodities prices, especially gold.
The New Zealand dollar is also seeing signs of weakness in currency trading o (more…)
Currency trading with the euro and the US dollarThe euro/dollar in forex trading is a bit flat right now, after a little choppiness. US economic data is expected later this week (including housing and consumer data today), and this is causing some restraint in currency trading with the euro and the US dollar.
Also weighing on euro/dollar in FX trading is a decline in oil prices and worries that the eurozone economy is failing. Recent data has suggested that the eurozone is headed for a recession, and that has been a (more…)
Greenback gains in currency tradingThe greenback is gaining in currency trading on the FX market today. Lower oil prices have been helping the US dollar in FX trading, and there has been a measured return to risk appetite.
Even with the higher initial US jobless claims being reported right now, the greenback is still seeing success in currency trading. One of the main supports for the US dollar in FX trading is the confidence that the government will support the stock market and the economy.
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Euro a safe haven in currency tradingYesterday, the euro was struggling in forex trading. Today, however, things are turning around the euro is gaining in currency trading on the FX market as it is seen as a safe haven investment.
Part of the reason that the euro is seeing success in forex trading today is due to comments made by one of the ECB councilmembers. He said that there is still room to raise ECB rates this year.
The announcement has provided more confidence for the euro, and underscored (more…)
