EURUSD - Trends, Forecasts and Implications (Part 3) - page 291
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And what was November 2009 - an economic paradise? - No. The euro was 1.50. You go there with "elks" looking back at 1.20.
Maybe it will be 1.5 - but we won't get back to 1.2...- I'm getting to 1.7, but that's in the next two and a half years...
Maybe it will be 1.5 - but we won't get back to 1.2... - I'm getting to 1.7, but it'll be two and a half years...
Japanese authorities propose to suspend operation of the country's stock exchanges and FOREX trading
Such a proposal was put forward by representatives of the upper house of parliament, RBC. According to them, these measures will help avoid negative consequences for the stock market amid the events in the country, which experienced an earthquake and is on the verge of a nuclear disaster due to the situation at the nuclear power plant (NPP) Fukushima-1.
Natural disaster has already had a significant impact on the stock market in Japan, which "declined" during two trading sessions in a row. During the March 14 trading session Nikkei index fell by 6.18%, which was the most significant decline of the index since October 2008, and the session of March 15 Nikkei lost more than 10%. Over the two days, stock market capitalisation fell by $626 billion.
According to preliminary expert estimates, the world's third-largest economy could lose $200bn.
Besides investors are anxious about growth of Japan's national currency - yen, which may extremely negatively influence exporting companies, in particular the biggest carmakers of Japan - Toyota Motor Co, Nissan Motor and Honda Motor that produce from 22% to 38% of cars in Japan.
So there you have it...
EUR data is not good but there is no movement...is it supposed to be like that? Or news is news when you need to get back on it
the news will hold the Euro up for a while and then bounce
Analysts at Mizuho Securities suggest that Japan, the United States and Europe could engage in a joint currency intervention.
Experts say that if the G7 countries recognise that the yen is too volatile, Japan, the United States and Europe will join forces by selling the yen for dollars and euros.
Analysts at Mizuho Securities suggest that Japan, the United States and Europe could engage in a joint currency intervention.
Experts say that if the G7 countries recognise that the yen is too volatile, Japan, the United States and Europe will join forces by selling the yen for dollars and euros.
Correspondingly, if that were to happen, the yen would either remain afloat or start to recover.