ArchiveMarch, 2009This is an archive of news reports related to Dollar, Euro, Pound and Yen Forex trading for March, 2009. Headlines - Friday 27 March, 2009 Japanese Yen Short Positions Increase 22 Percent U.S. Will Block China Reserves Plan, Former IMF Economists Say Euro Rally May Wane as Options Drop From Record on Rate Concern British Pound Declines Against Dollar as Retail Sales Slump Yen May Extend Drop on Bets Stock Gains to Reduce Haven Demand Headlines - Wednesday 25 March, 2009 US Dollar, Japanese Yen Gain Amidst Broad Consolidations - US Durable Goods Orders May Fall for 7th Straight Month Yen Drops on Toxic Assets Disposal Pound, Swedish Krona May Strengthen on U.S. Plan, Barclays Says China ‘Super Currency’ Call Shows Dollar Concern U.K. Pound Rises Against Dollar, Euro as Inflation Accelerates Headlines - Tuesday 24 March, 2009 British Pound, NZD Strength Could Be Cooled by Upcoming CPI, GDP Data US Dollar, Japanese Yen Fall as Treasury's Plan Spurs Investor Optimism, 6.84% Rally in DJIA Dollar Vulnerable on Bank Help Plans U.K. Pound Rises as U.S. Bank-Rescue Plan Boosts Stock Markets Euro Currency of Choice as Fed Easing Devalues Dollar Yen Trades Near Five-Month Low on Bank Plan, Less Safety Demand Forex Trading News summary provided by Yen Forex Trading. Headlines - Monday 23 March, 2009 British Pound to Fall as Data Signals Deepening Recession Yen Weakness May Continue As BoJ Buys Government Bonds Euro Forecast to Gain Against US Dollar, but Doubts Remain USD Losing Its Economic, Safety And Reserve Advantages U.K. Pound Posts Biggest Advance in Seven Weeks Against Dollar Dollar Declines Most Since 1985 Plaza Accord on Fed Bond Buying Headlines - Friday 20 March, 2009 US Dollar Still a Laggard in Light of Fed's Quantitative Easing Announcement, Surge in Jobless Claims Crowds Buy US Dollar Following Fed Announcement - Contrarian Signal to Sell Euro Declines in Correction Following Rally Euro to Post Brief Rally to $1.40 as Fed Buys Bonds, UBS Says Dollar Rally Crumbles as Fed Ramps Up Printing Press Dollar Trades Near Two-Month Low on Fed’s Purchase of Debt Headlines - Thursday 19 Mar, 2009 US Dollar Plummets with Treasury Yields as Fed Announces Quantitative Easing Measures Euro May Rise to $1.359 in Two Weeks, MF Global’s Hoversen Says Pound Drops to 7-Week Low as Unemployment Breaches 2 Million Currency Options Signal Traders Most Bullish on Euro This Year Dollar Falls Most Since 2000 on Fed’s Plan to Buy Treasuries Forex Trading News summary provided by Yen Forex Trading. Headlines - Wednesday 18 March, 2009 Euro / Dollar: Trading the FOMC Interest Rate Decision US Dollar Falls on Improved Risk Appetite - Fed Announcement Could Impact FX Trade on Wednesday Pound Falls Against Euro on Concern U.K. Recession Deepening Euro May Extend Gains to 1-1/2 Month High: Technical Analysis
Headlines - Tuesday 17 March, 2009 US Dollar Joins Low-Yielding Japanese Yen, Swiss Franc in Declines as Demand for Carry Improves US Dollar, Japanese Yen, British Pound Could Feel Impact of Central Bank News Japanese Yen Falls for Third Day against Euro Goldman Sees ‘Moderately Undervalued’ Pound Over Next 12 Months Euro May Gain as Germany Curbs Borrowing, New York Mellon Says Pound Rises, Gilts Fall as Barclays, Stocks Fuel Risk Appetite Euro to Rally After Breaking Resistance: Technical Analysis Pound Duels Horrid, Downward-Sloping Wedge: Technical Analysis
Headlines - Monday 16 March, 2009 British Pound Traders Focus On Policy As 23-Year Lows Loom Japanese Yen Could Fall on Intervention Concerns Amid G-20, BOJ Meetings Euro Forecast Unclear on Euro Zone Fears, Financial Conditions US Dollar to Extend Losses as Risky Assets Correct Higher Euro-Dollar May See Gains, Citigroup Says: Technical Analysis Dollar Falls on Bets Banking Crisis Ebbs, Paring Haven Demand
Forex Trading News summary provided by Yen Forex Trading. Headlines - Friday 13 March 2009 US Dollar Index Holds Below Key Resistance, Signals Further Declines Yen Gains vs. Dollar for Third Day Pound Drops Against Euro as U.K. Buys Gilts, Stocks Decline Dollar May Fall to 95 Yen, $1.33 per Euro: Technical Analysis Yen a Buy Versus Dollar, Euro, UBS Currency-Trading Model Says Yen Trades Near Two-Month Low as Stocks Reduce Safety Demand
Headlines - Thursday 12 March, 2009 Pound Finds Support Despite Drop In Exports, Are More Losses Ahead? Yen Gains as Chinese Exports Slump Pound Falls Against Euro as Housing Sales Slide to Record Low Yen Optimism Tumbles as Economy Shrinks, Exports Fall Dollar Depreciates on Speculation Banking Crisis May Be Easing
Headlines - Wednesday 11 March, 2009 Dollar falls as Citi news dampens safe-haven appeal US Dollar, Japanese Yen End Day Lower as Bernanke Optimism, Citigroup Report Boost Risk Appetite Pound Falls Against Euro as Housing Sales Slide to Record Low Dollar Weakens as Global Stock Rally Reduces Demand for Safety
Headlines - Tuesday 10 March, 2009 British Pound Outlook Worsens on BoE Cuts, Quantitative Easing Euro On Edge As Eastern European Countries Threaten Renewed Crisis US Dollar Could Succumb to Weak Fundamental Forces This Week US Dollar Gains as Investor Sentiment Remains Jittery - Wholesale Inventories Likely to Fall on Tuesday Pound Falls on HSBC’s Bad Loans U.K. Pound Slides as Lloyds Cedes Control, Stoking Bank Concern Yen May Extend Drop Against Dollar on Japan’s Trade Deficit
Headlines - Monday 9 March, 2009 Euro On Edge As Eastern European Countries Threaten Renewed Crisis Japanese Yen's Safe Haven Roll Reviewed As Sentiment Fails Yen, Taiwan Dollar, Hong Kong Dollar: Asian Currency Preview Pound Falls on Stocks, Bets BOE’s Plan Will Weaken Currency Dollar Touches Highest Since 2006 as Banks Spur Refuge Demand
Headlines - Friday 6 March 2009 Euro Down as ECB Cuts Rates to 1.5%, Leaves Door Open to Further Reductions and ‘Non-Standard’ Measures British Pound Ends Day Lower as BOE Cuts Rates to 0.50%, Pursues Quantitative Easing US Dollar, Japanese Yen Bounce as US Stocks Fall Over 4% Ahead of Friday's US Non-Farm Payrolls (NFPs) Euro Forecast to Decline Following ECB Rate Decision Pound Rises Against Euro on Speculation U.K. to End Rate Cuts Euro Falls Most in Two Weeks as ECB Signals More Rate Cuts Headlines - Thursday 5 March, 2009 British Pound, Euro Outlooks Hinge Upon Thursday’s ECB, BOE Rate Decisions US Dollar, Japanese Yen Falter as Increased Confidence Propels S&P 2.38% Higher Pound Pares Earlier Losses As Services Sector and Consumer Confidence Improves, Will BoE Cut Rates? Dollar Up on Deeper Financial Turmoil Scottish Widows Cuts Yen Holdings on ‘Horrible’ News Pound Advances Against Dollar, Euro as U.K. Sentiment Improves Dollar, Yen Fall as Stocks, China Outlook Reduce Safety Demand
Headlines - Wednesday 4 March, 2009 US Dollar, Japanese Yen Consolidate Gains But Ultimately End Tuesday Lower Pound Trades Near Two-Week Low Against Euro on Interest Rates Dollar Touches Highest Since 2006 on Bernanke, Safety Demand
07:50 Mon 2 Mar, 2009 The interest rate announcement from the Bank of England clearly takes top billing on this week’s economic calendar. In theory, the stagnant economy and a dropping inflation rate give policymakers ample reason to continue easing. With poor economic data economists expect a 50 basis point reduction in borrowing costs to bring rates to a new historic low of 0.50%. As has been typical in recent weeks, risk sentiment will be the wild card in shaping price action as GBPUSD remains 93% correlated with the Dow Jones Industrial Average and 96% correlated with the MSCI World Stock Index. Read the full article at www.dailyfx.com Summary provided by Yen Forex Trading. Your one-stop FX news site.
07:43 Mon 2 Mar, 2009 At the start of this past week, many were wondering if the Japanese yen had lost its safe-haven status, as the currency pulled back sharply despite broad declines in the stock markets. This certainly leaves us with a cautious stance on the Japanese yen since its correlation with risk trends may still be falling apart, and as a result, those looking for a more reliable correlation should look toward the US dollar, as it was easily the biggest gainer in a week that saw steady declines in the S&P 500 to the lowest levels since December 1996. Read the full article at www.dailyfx.com Summary provided by Yen Forex Trading. Your one-stop FX news site.
07:36 Mon 2 Mar, 2009 The Euro traded lower against the US dollar on an incredibly volatile week of trade, but the true fireworks are likely to come on a heavy string of economic event risk in the week ahead. Overall FX market momentum supports further euro losses and US dollar gains. Yet it will be important to watch any potential shifts in the week ahead. Intense intraday volatility in the Euro/US Dollar could intensify on the coming week’s critical European Central Bank interest rate decision and several other second-tier releases. Consensus forecasts call for the ECB to cut its benchmark interest rate by 50 basis points to fresh record-lows of 1.50 percent, but uncertainty surrounding the event means that markets will force euro volatility regardless of the outcome. The euro will otherwise trade off of further financial market and macroeconomic developments—especially as they relate to Euro Zone stability. Read the full article at www.dailyfx.com Summary provided by Yen Forex Trading. Your one-stop FX news site.
07:29 Mon 2 Mar, 2009 The world’s most liquid currency ended the week in a precarious technical and fundamental position. Looking ahead to next week and beyond, with so many major fundamental themes evolving throughout the markets; the dollar will have decide which driver will take precedence. The most pressing (and novel) concern for the greenback is the US government’s trend towards nationalization. One key determinant for the currency is its status as a safe haven. Since the plunge in Japanese GDP numbers led investors to rethink the viability of the yen as a reliable asylum for capital, we have seen investors head towards the US dollar to purchase Treasuries and other low-risk, American assets. When the dust clears and fears that key market players aren’t on the verge of collapse, global traders will once again look at economic growth to gauge the potential for returns. As it stands, the United States is suffering one of the worst recessions in the industrialized world; but aggressive policy actions and a deep market has left the market feeling that the economy and its dollar is perhaps ahead of the curve. Read the full article at www.dailyfx.com Summary provided by Yen Forex Trading. Your one-stop FX news site.
07:20 Mon 2 Mar, 2009 The U.K. pound dropped against the dollar and the euro this month as consumer confidence held near the lowest level in three decades and stock markets around the world tumbled amid a deepening economic slump. The pound also fell as GfK NOP said more than 40 percent of British mortgage holders may see their loans exceed the value of their homes by year-end. “There aren’t a lot of reasons to be buying the pound, and we’ve got some more weakness to come,” said Paul Bednarczyk, a currency strategist in London at 4Cast Ltd. Read the full article at www.bloomberg.com Summary provided by Yen Forex Trading. Your one-stop FX news site.
07:13 Mon 2 Mar, 2009 The dollar rose to the highest in almost three years against the currencies of six major U.S. trading partners as the deepening recession and the third government bailout of Citigroup Inc. stoked demand for safety. “Uncertainty is still driving the day,” said Brian Kim, a currency strategist at UBS AG in Stamford, Connecticut. “In this environment, people are still in favor of going into that safe haven until they see something to shake them out of it.” Read the full article at www.bloomberg.com Summary provided by Yen Forex Trading. Your one-stop FX news site. Return to the Yen Forex Trading Home Page |