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US Dollar-Yen strengthens, Still Driven by interest in the Risk

fxbom.com
04:48 PM

In today’s trading the dollar against the yen again showed positive movement (2.12). Yen again lead to a weekly decline against the dollar driven by market sentiment began to leave the safe haven currency and switch back into the asset yielding and higher risk.

Japan’s domestic economic data that are less well also lead to the reluctance of investors to collect the Japanese currency. This morning the capital expenditure data in the third quarter showed a significant decrease of 9.8% over the same quarter last year. Figure is larger decline more than doubled compared with the estimated reduction in the estimate is only a decrease of 4.1%.

Euro Still Surviving on the Highest Level in 1 Week; Impact of Continued Action 6 Central Bank

fxbom.com
10:35 AM

In today’s trading the euro exchange rate remained in the range of the highest in a week later (01/12). Euro had strengthened significantly today tend to move stuck even though sentiment in general still shows the potential continues to strengthen.

Combined action of six global central bank last night to give an injection of vitamin positive sentiment for the market. The Fed confirmed that the cost of borrowing dollars from the central bank to banks will decline by 50 bps to 50 bps. Dollar swap lines will be extended until February 2013. Fed to coordinate action with the ECB, BoC, SNB, BoJ and the BoE.

Sterling Rebound, Positive Response the UK Housing Data Report

fxbom.com
05:04 PM

Pound sterling currency to trade GBP/USD pair this afternoon (29-11) observed strong rebound and the pair traded in the range of 1.5580.

Pound Sterling strengthened along with the presence of positive signal in the British economy, where it is shown by an increase in performance in the housing sector in the country.

Indicators Nationwide HPI m / m were reported to have grown 0.4% previously forecast to fall to -0.1% from the previous value of 0.4%.

Fxbom.com analysts argued that the pound sterling currency on the currency pair GBP / USD is expected to still be strengthened in a limited trading range.

Consumption Sector Pressure Yen Strengthens Against Euro

fxbom.com
05:01 PM

Ministry of Economy, Trade and Industry (METI) today (29-11) reported an increase in the consumption sector performance.

Release the actual data shows that the indicators Retail Sales y / y increase to 1.9% previously forecast to rise to 0.7% of the value in the previous period is -1.1%. Currency walking pair EUR/JPY was observed in the range of 103.87.

Reports showing improved performance is sustained by the growing interest of investors in the forex market to hold the yen, so the currency is moving to strengthen the pair EUR / JPY.