Theme of the day so far: GBP strength, JPY weakness: GBP/JPY up 2.92% so far. Wow!...GBP/CHF, USD/JPY, GBP/USD, AUD/JPY, CHF/JPY, EUR/JPY are the other gainers on the day.
USD/JPY going to 50?. This Japanese bank thinks so: Oct. 15 (Bloomberg) -- The dollar may drop to 50 yen next year and eventually lose its role as the global reserve currency, Sumitomo Mitsui Banking Corp.s chief strategist said, citing trading patterns and a likely double dip in the U.S. economy. Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says (Update1) - Bloomberg.com
Goldman Sachs on currencies: says that EUR/USD is going to 1.5500 and USD/CAD is going to parity within 3 months. They also say that AUD/USD will trade to .9500 and peak while they believe that NZD/USD will trade near current levels for the next 6 months. Dollar to Slide to $1.55 Versus Euro, Goldman Says (Update1) - Bloomberg.com
NZD CPI came in much better 1.3% vs. 0.8% expected and 0.6% last time.
U.S. Core CPI m/m better than expected 0.2% vs. 0.1% expected and 0.1% last time.
U.S. Unemployment Claims came in better 514k vs. 524k expected and 524k last time.
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
English
Español
Français
中文
Deutsch
Italiano
العربية
Sverige
Ελληνικά
Go to Profile
Mark as Read
