High yielding currencies on the FX market One of the forex trading terms that you might have come across recently is " high yielders ." This refers to currencies that have high interest rates attached to them. Interest rates are set by central banks. The higher the rate, the higher the yield.
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Forex Trading Terms: High Yielders
The Euro continues to trade within a progressively narrower wedge formation against the US Dollar, and the next several days of price action will likely dictate Euro/US Dollar direction for the next several weeks of EUR/USD trading.
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Euro, British Pound, Australian Dollar may Rebound Against US Dollar (Daily FX)
The answer to this question depends upon global economic conditions.
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Does The World Need A Strong Dollar?
Emerging market currencies hit by risk aversion Even though equities are rebounding around the world this morning, there is still a great deal of risk aversion on the currency market. And this means that emerging market Asian currencies are being hit in FX trading. The forex trading forecast for Asian currencies is likely to remain somewhat negative, since many traders will want to wait and see how the global economy does.
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Risk Sends Asian Currencies Lower in FX Trading
Sterling finding its footing in forex trading The U.K.
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U.K. Pound Looks for Stability in Currency Trading
Greenback drops a little in currency trading Yesterday, the U.S. dollar moved higher in forex trading on the currency market as risk aversion sent financial markets heading for safety. With the U.S.
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U.S. Dollar Pulls Back a Bit in Forex Trading
PITTSBURGH—-H. J. Heinz Company today announced strong second-quarter earnings of $0.87 per share, a 22.5% increase from a year ago, reflecting higher sales and the benefit of the Companyâ??s strategic decision to hedge translation exposures on key currency exchange rates for the quarter and for the remainder of the Fiscal Year.
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Heinz Reports 5.8% Organic Sales Growth, and a 22.5% Increase in EPS to $0.87 in Second Quarter (Business Wire)
Mounting growth fears for Europe?s largest economy is expected to weigh on businesses as economists expect the German IFO confidence survey to fall to 89.0 from a five-year low of 90.2 in September.
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EUR/USD: Trading the German IFO Business Confidence Survey (Daily FX)
Price pressures in Canada weakened further as the annual rate of inflation slipped to 2.6% from 3.4% in September. In addition, the core measure for inflation continued to hold steady at 1.7% despite expectations for a 0.2% increase to 1.9%.
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Canadian CPI Fails to Impress, Stoking Bets for BoC Rate Cut (Daily FX)
Is anyone surprised that a rescue package will eventually be implemented for the US Auto industry? What is the alternative? Millions unemployed now! This will be another futile exercise of throwing good money after bad.
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With Global Equities plunging once again, what financial leader is driving the bus? There is no one staying on and no faith in any driver!
