Posts Tagged ‘Japanese yen’
Weekly overview, Forex and Precious Metals 15th KW 2011
Tags: Australian Dollar, Canadian dollar, currency market, interest rate, Japanese yen, palladium, platinum, precious metal, silver
Dollar ‘Retreats’ on Jobs Data; Ahead of Payroll Report.
British Pound (BPM8): The BP opened weaker at 1.9721 on concerns that further slowing in the economy and weaker housing data will lead to a much anticipated rate cut at the next MPC meeting. Weaker European equity markets saw early carry-trade gains taken off the table, before the DX slide bolstered most other major foreign currency markets. Prices rose throughout the session and hit a daily Hi of 1.9871, before sliding towards the close to end the day at 1.9843, up 74 tics. The close above the 9-day MA changes the s/t trend to 'positive' w/ 'weak' momentum indicators. The s/t yield is still attractive to carry-traders, but the slowing economic conditions (more...)
Tags: best foreign exchange rates, British Pound, Canadian dollar, currency exchange rates, Euro Currency, foreign currency exchange, foreign currency exchange rates, Foreign Exchange, foreign exchange rates, Japanese yen
The prices of commodities and currency movements.
Predicting the next move in the markets is the key to making money on foreign exchange transactions (Trading), but putting this simple concept in action is much harder than it sounds. Currency traders (Traders) professionals have long known that trading currencies requires going beyond the world of the international market them (FX). The fact is that currencies move due to many factors: supply and demand, policy, interest rates, economic growth, among others. Specifically speaking, since economic growth and exports are directly related to the domestic industry of a country, it is natural that some currencies are highly correlated with commodity prices (Commodities). The three currencies that have the closest relations with commodities are the Australian dollar, Canadian dollar and the New Zealand dollar. Other currencies are also impacted by commodity prices but have a weaker correlation with these , are the Swiss franc and Japanese yen. Knowing which currency is correlated with what commodity can help operators to understand and predict certain market movements. Correlated currencies here covers with gold and oil, and show you how you can use this information in their foreign exchange transactions. Read the rest of this entry »
Tags: euro, foreign exchange operations, Forex, Japanese yen, Swiss Franc
Oil and the Japanese economy, an attractive oil play: CAD / JPY
Oil and the Japanese economy.
Across the spectrum is Japan, which imports virtually all its oil (compared to U.S., which imports about 50%). For 2009, is the third largest net oil importer in the world, according to the U.S. and China. The lack of domestic energy sources, and the need to import vast quantities of oil, natural gas and other energy resources, make it a country particularly sensitive to changes in oil prices. In Japan also lacks flexibility to make use of nuclear energy as a large net importer of uranium for nuclear power plants. Read the rest of this entry »
Tags: CAD / JPY, Canadian dollar, currency, Japanese yen, USD / CAD
