The Japanese Yen and the resumption of the carry trade It seems that last month’s G7 intervention was the turning point for the Japanese Yen. The Group Of Seven Industrialized nations stepped in the currency markets on March 18th in order to halt the Japanese yen rise. The coordinated intervention occurred after the yen soared [...]

EUR/USD The Euro found support on dips to below 1.36 against the dollar on Tuesday and had a generally firmer tone, although there was a lack of market leadership amid subdued conditions. There was a slight fall in the latest US consumer confidence reading, but this followed a big rise the previous month. There was [...]

Euro edges higher as risk appetite heals Euro edged higher as investors risk appetite starts to heal. Demand for riskier assets starts to rise as tensions in Egypt ease. The euro is also supported by demand from Asian central banks pushing it as high as 1.3688 against the US dollar. Data showed Germany’s Industrial Production [...]

U.S. Dollar Trading (USD) the market consolidated Tuesday’s risk rally holding near highs in stocks and the Dollar remaining weak. Some focus switched back to Egypt later in the day as protestors clashed and could spark risk aversion if the situation worsens. In US stocks, DJIA +1 points closing at 12042, S&P -2 points closing [...]

Last week’s currency trading review The Dollar was mixed under pressure most of the week until a dramatic stock market fall on Friday sent the dollar higher on save haven flows. Concerns of a possible revolution in Egypt saw Oil soar on supply problems and stocks sink on contagion risk to other middle eastern countries. [...]