Japanese Yen Strengthens as Risk Appetite Fades

Japanese yen is strengthening as risk appetite fades. Lackluster economic data, continued eurozone concerns, and general risk aversion are all sending Forex traders to safe havens like the yen.

For a time, the Japanese yen was weaker on the expectation that the Bank of Japan would increase its easing efforts. Announcements that more quantitative easing would be used as economic stimulus in Japan followed the dramatic announcement of unlimited easing in the United States. The result was a weaker yen.

Now, though, things are changing. Poor manufacturing data has been reported in the eurozone and in China. Concerns about a slowing global economy are taking hold and Forex traders are looking for stability. With risk appetite fading, the yen is in demand. Eurozone problems continue; nothing has been resolved in that arena, and it looks like recession could be on the way.

On top of that, Forex traders are recognizing that Japan’s quantitative easingprogram just doesn’t pack the same punch as other easing programs. Compared to quantitative easing in other countries, the Bank of Japan’s effort seems inadequate.

At 13:45 GMT USD/JPY is lower at 78.1415, down from the open at 78.3820. EUR/JPY is also lower, heading down to 101.1300 from the open at 102.2750. GBP/JPY is down to 126.5205 from the open at 127.1350.

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Forex Flash: EUR/USD could revisit 1.26 this autumn – Rabobank Read more: http://community.nasdaq.com/News/2012-09/forex-flash-eurusd-could-revisit-126-this-autumn-rabobank.aspx?storyid=175016#ixzz271HnkVkC

FXstreet.com (Barcelona) - The bloc currency remains stuck around the 1.2950 region on 

Thursday, slightly above session lows at 1.2930 


EUR has started the week exhibiting some weakness, as the effects of the rally post-FOMC, 

which pushed the cross as high as 1.3172, have vanished. 


J.Foley, Senior Currency Strategist at Rabobank, comments that tepid economic data as of 

late have put policymakers to work, resulting in an increase of infrastructure projects in China, 

further easing in both the BoJ and the BoE, an unlimited QE by the Fed, or at least until de 

labor market show signs of improvement, and the ECB's OMT. 

The expert underscores the relevance of Spain and its bailout back-and-forths, "as a 

consequence we are still penciling in risk that EUR/USD could still pullback to the 

EUR/USD1.2600 area this autumn. That said, the fact that EZ politicians are working towards 

the goal of fiscal union has made the outlook for EMU more coherent and the system's future 

more secure. This factor combined with the determination of the Fed to support the US 

economy and follow weak USD policies suggests that EUR/USD can trend higher medium-

term. We maintain a 12 mth EUR/USD forecast of 1.3500".

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Forex: EUR/USD remains pressured, with support at 1.2920-00 Read more: http://community.nasdaq.com/News/2012-09/forex-eurusd-remains-pressured-with-support-at-1292000.aspx?storyid=175018#ixzz271HC3pqu

FXstreet.com (Córdoba) - The euro extended its downward corrective movement on Thursday 

as market sentiment continued to deteriorate weighed by soft China and European PMI. 

Meanwhile, yields on Spanish debt in the secondary market are mixed after a well-received 

auction. 

EUR/USD fell below 1.2950 and touched a 1-week low of 1.2930 before finding support, and 

with the subsequent bounced capped by the 200-hour EMA around 1.2955, the pair remains 

under pressure. At time of writing, EUR/USD is quoting at the 1.2950 zone, 0.7%, or 100 pips, 

below its opening price. 

"A break of the $1.2900-20 area would strengthen the idea that an important top is in place", 

says the BBH analyst team. "The price action is broadly consistent with what we have seen 

following the announcement of QE2 back in Nov 2010, where the dollar weakened initially and 

then recovered smartly".

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احدث خلفيات فيس بوك اسلامية 2012

اهلا بكم فى مدونه هيس معنا وخدلك لبـآنَه

 احدث خلفيات فيس بوك اسلامية 2012

 

 احدث خلفيات فيس بوك اسلامية 2012

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UK Pound Remains Mostly Steady Against Majors

US dollar is headed lower, thanks to the return of risk appetite. The news that the ECB will not cut interest rates is helping the euro against the greenback. General risk appetite means that Forex traders aren’t looking for safe haven, and that the US dollar is likely to remain lower for a while.

 

Greenback is paring some of its losses against the euro with the latest ADP report for August. The news that the private sector added 201,000 jobs to the economy last month is leading to the belief that maybe QE3 isn’t right around the corner after all. Many believe that Ben Bernanke will only pull the trigger if he thinks that the economy needs the stimulus. If the jobs situation is improving, there might not be a need for another round of quantitative easing.
Even with this hope, though, the US dollar remains down overall against high beta currencies. Risk appetite is playing too big a role, and gold prices are surging past the $1,700 an ounce level. With commodities heading higher, and risk appetite on the rise, the greenback just isn’t in demand.
At 12:20 GMT EUR/USD is up to 1.2635 from the open at 1.2600. GBP/USD is up to 1.5924 from the open at 1.5902. USD/JPY is up to 78.7825 from the open at 78.3930.
If you have any questions, comments or opinions regarding the US Dollar, feel free to post them using the commentary form below.US dollar is headed lower, thanks to the return of risk appetite. The news that the ECB will not cut interest rates is helping the euro against the greenback. General risk appetite means that Forex traders aren’t looking for safe haven, and that the US dollar is likely to remain lower for a while.

 

Greenback is paring some of its losses against the euro with the latest ADP report for August. The news that the private sector added 201,000 jobs to the economy last month is leading to the belief that maybe QE3 isn’t right around the corner after all. Many believe that Ben Bernanke will only pull the trigger if he thinks that the economy needs the stimulus. If the jobs situation is improving, there might not be a need for another round of quantitative easing.
Even with this hope, though, the US dollar remains down overall against high beta currencies. Risk appetite is playing too big a role, and gold prices are surging past the $1,700 an ounce level. With commodities heading higher, and risk appetite on the rise, the greenback just isn’t in demand.
At 12:20 GMT EUR/USD is up to 1.2635 from the open at 1.2600. GBP/USD is up to 1.5924 from the open at 1.5902. USD/JPY is up to 78.7825 from the open at 78.3930.
If you have any questions, comments or opinions regarding the US Dollar, feel free to post them using the commentary form below.

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