Japanese yen and gold back in, U.S. dollar out
The Japanese yen is on the move as traders look for safe haven assets from deteriorating conditions in Greece, Spain and the euro zone generally.
Currencies
The dollar is back up in dangerous territory for emerging markets
The DXY, more familiarly known as the “dollar index,” is up 3% since the month began. That may not look like a huge move, but given the longer-term trend and the recent past, it’s enough to give emerging market traders pause.
Avoid Brazil’s volatile real with domestic ETFs
Brazil’s policy of weakening its currency to make exports more competitive has worked – maybe too well.
The strong dollar has food prices on the run
Talking about shifting planting patterns and China’s hunger for corn is all well and good, but in an environment where the U.S. dollar is riding high, just about all major commodity markets are feeling the pressure. Food is not immune.
Which way will the move dollar ahead of the RBA and FOMC statements?
Traders continuing heavy moves into the safety of the U.S. dollar on euro zone pressures and signs of China heading for a hard landing could be at risk this week.
Indian currency funds are profiting despite a weak rupee. Why?
The rupee is trading at its lowest levels in history compared to the dollar and has plunged another 9% since early February. So why are the India funds leading the emerging market currency pack with positive year-to-date performance around 4%?
Aussie dollar hit hard by euro zone
Traders have been ditching risk assets all week, but today the market is seeing an increased move out of the riskier assets that started in the Asian and European sessions overnight.
Why Iran has just started accepting renminbi for its oil
If there was ever any doubt that Beijing benefits from a strong currency (CNY, quote), it’s over now. China is beginning to test the influence of its money on the world economy, and it’s doing so with Iranian oil.
Forex trading for beginners: multiple time frame analysis
In our last two articles we referred to different time periods, which in itself is a type of analysis known as Multiple Time Frame Analysis. This refers to when a technician analyzes the same currency pair over several different chart time frames, providing a more detailed look at how the pair is moving in the market.