The Yen fell against most of the major currencies during last week’s trading session. The Yen dropped about 100 pips vs. the Dollar and about 300 pips against the Pound, and the GBP/JPY pair is now trading near the 135.50 level.
The Yen dropped last week due to speculations that Asia’s economic recovery is advancing. These speculations have increased risk-appetite in the market, and have turned investors to look for riskier assets. The Yen is considered to be a safe-haven currency, and tends to fall as risk aversion weakens.
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Recap: Good morning PipHutters! You may have already noticed some changes to the site (login screen is different, there is a “PRO” menu item at the top) and lots more will be coming out all this week as well as several announcements. For now, lets recap last week:
Pretty good trading week overall. The pair hardly moved from start to finish on the week nearly forming a doji on the weekly chart. This played pretty well into our strategy of buying on dips as nearly every dip produced a jump back upwards. In
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July 25th, 2010 in
Forex News |
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Federal Reserve Chairman Ben Bernanke fought off numerous queries from a serious, agenda-filled Senate Banking Committee and sent U.S. equity markets into a steep fall on Wednesday. Media coverage quickly picked up on Bernanke’s “unusually uncertain” capsulization of the economy and used this phrase to characterize the Fed’s position regarding the strength and direction of the U.S. economy.
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This is a re-post of today’s signal for new comments. Please start commenting on this post as the last one was acting funny.
Recap: No EUR/USD trades taken off yesterday’s signal. Bullish day yesterday as the pair rallied hard from Wednesday’s big drop.
Daily Outlook: A lot of indecision in the markets right now as the price has ended up just where it started to begin the week, forming a nice looking doji on the weekly chart. This in
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Business Loans are the types of finances involving a company, corporation or partnership as the borrower or debtor and a person or lending entity as the creditor or lender. Manufacturers, producers, millers and other business oriented organizations use their credit standing together with company properties as collateral in order to secure this type of loan. The sum or amount of money involved in these business based loans amount to thousands or even hundreds of thousands of dollars depending upon the need of the borrower in comparison with the amount of money that the lender can afford to lend the former.
Collateral in these business payday loans may include different things. Read more…
The Yen fell against mot of its major rivals during yesterday’s trading session. The Yen dropped about 100 pips against the Dollar, and about 250 pips against the Euro. The Yen also slid 200 pips against the British Pound.
The Yen tumbled yesterday on speculations that the Japanese leadership is looking to weaken the national currency in order to stimulus economic growth. The Japanese press is reporting that the government will pressure the Bank of Japan to take more steps to support the economy. The Japanese economy relies greatly on its exporting, and a weaker Yen will support Japanese exporters.
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July 21st, 2010 in
Forex News | tags:
Yen,
Yen Drops |
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