Summary
There is a very common tendency among traders to ignore the long view when our attention is focused on day to day volatility. Currency markets in 2013 produced several notable trends . Emerging markets currencies rose and then fell hard, largely in response to perceptions about Federal Reserve policy. The Japanese Yen and Australian Dollar booked substantial declines as their governments changed monetary policies. Five years after the financial crisis, central banks remain the chief agents in the world economic system and the prime source of trends in the currency markets. The Fed has reduced its securities purchases by $10 billion. Will that reduction continue at each meeting? What will the mean for the dollar? How long can the euro withstand rising U.S. Interest rates? The euro\yen has benefited from the unusual circumstance of a strengthening dollar\yen and a strong euro, how long can that last? What role if any will the rising yuan and China's quickening approach to international status have in the currency markets? Join us at WorldWideMarkets, bring your questions comments and charts and welcome in the New Year in style.Latest Live Videos
Editors’ Picks
AUD/USD: Some profit-taking should not be ruled out
AUD/USD has quickly faded Wednesday’s strong advance despite climbing to new multi-year highs around 0.7150 earlier on Thursday. The pair’s decline comes amid a marginal uptick in the US Dollar, while investors gear up for US CPI data and relevant Chinese releases on Friday.
EUR/USD faces next resistance near 1.1930
EUR/USD has surrendered its earlier intraday advance on Thursday and is now hovering uncomfortably around the 1.1860 region amid modest gains in the US Dolla. Moving forward, markets are exoected to closely follow Friday’s release of US CPI data.
Gold plunges on sudden US Dollar demand
Gold drops markedly on Thursday, challenging the $4,900 mark per troy ounce following a firm bounce in the US Dollar and amid a steep sell-off on Wall Street, with losses led by the tech and housing sectors.
Ripple collaborates with Aviva Investors to tokenize funds as XRP interest declines
Ripple (XRP) exhibits subtle recovery signs, trading slightly above $1.40 at the time of writing on Thursday, as crypto prices broadly edge higher. Despite the metered uptick, risk-off sentiment remains a concern across the crypto market, as retail and institutional interest dwindle.
A tale of two labour markets: Headline strength masks underlying weakness
Undoubtedly, yesterday’s delayed US January jobs report delivered a strong headline – one that surpassed most estimates. However, optimism quickly faded amid sobering benchmark revisions.
Here is what you need to know on Friday, February 13:
The US Dollar (USD) holds around 97 in the American session on Thursday after Wall Street fell sharply on fresh AI-related fears, as the tech sector is far from generating decent profits.