News Trading!!!!

[cozy]

Lets share the latest news picks and discuss its effect on global economy.

[cozy]

The latest news hitting the market now is that the dollar lost ground against the yen, thus retreating from its 7-month high achieved due to the fall of oil prices to a 3-month low. Most of the traders preferred to sell on the profits of the previous day, in which the oil's drop beneath $120 a barrel supported stock gains and investors are willing to take more risks after yesterday's new found support in the dollar.



My biggest growing concerns are about the Japanese economy might increase dollar buying. The yen is under pressure due to a series of data suggesting that Japan's postwar economic growth might be coming to an end. This supports views that the Bank of Japan would probably leave interest rates unchanged at 0.5% in the near future.


Any comments?

[raybenz1983]

When trading news, you first have to know which releases are actually expected that week. Second, it is key for you to know which data is important.