» Forex Trading Strategy: Asian Currencies

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Forex Trading Strategy: Asian Currencies

Exports affect Asian currencies on the FX marketForex trading strategy should consider that Asian currencies are rather dependent upon exports to help support their economies. Exports are affecting Asian currencies on the FX market, as they fall due to a slowing global economy.

Bloomberg reports on Asian currencies, specifically the Singapore dollar:

“Singapore’s economy has so far been partly buffered, because we’ve been carried along by the vibrancy of the Asian region,” Prime Minister Lee Hsien Loong said Aug. 8. “Asian economies are starting to feel the impact of America’s problems. We must therefore prepare ourselves for a bumpy year ahead.”

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This entry was posted on Monday, August 11th, 2008 at 15:46 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Forex Trading Strategy: Asian Currencies

Asian currencies on the rise in FX tradingForex trading strategy should consider that Asian currencies are on the rise right now. The Malaysian ringgit, Vietnam dong, Indonesian rupiah, Singapore dollar and the Taiwan dollar all posted weekly gains in currency trading. The Philippine peso was one of the few emerging market currencies in Asia to falter this week.

However, the South Korean won was the leader of Asian currencies in FX trading this week. The South Korean government is promising to support the won in currency trading on the FX market, as well as curb inflation.

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This entry was posted on Friday, July 11th, 2008 at 15:35 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Forex Trading Strategy: Asian Currencies

Emerging market currencies and FX tradingEmerging market currencies in Asia are dropping in FX trading. The Korean won and the Thai baht are being especially hard hit. This is because sentiment for the US dollar has changed recently, and the US currency is back in demand in emerging market countries. Bloomberg reports on forex trading with Asian currencies:

“Sentiment toward the dollar has changed,” said Satian Tantanasarit, head of treasury and markets at TMB Bank Pcl, formerly known as Thai Military Bank, in Bangkok. “Importers who hadn’t hedged are coming in to hedge.”

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This entry was posted on Thursday, June 12th, 2008 at 14:25 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Forex Trading Strategy: Asian Currencies

Emerging market currencies on the FX marketForex trading strategy should consider that some Asian currencies are struggling right now. Emerging market currencies are running into trouble as commodities, especially oil prices, rise.

Bloomberg reports on some of the troubles plaguing Asian currencies:

“With higher commodity prices, fiscal spending is definitely going to be higher,” raising the prospect that the Philippines won’t meet its balanced-budget goal, said Christy Tan, a Singapore-based strategist at Bank of America Corp. “Oil is a factor while exports look subdued.”

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This entry was posted on Tuesday, May 20th, 2008 at 15:19 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Forex Trading Strategy: Asian Currencies

Credit market worries continue to hamper emerging market currenciesAsian emerging market currencies are struggling in forex trading this morning. Forex trading strategy regarding Asian currencies should consider that US earnings reports are causing some concern.

It is apparent that credit market worries are not quite over yet, and that earnings reports are not entirely satisfying forex traders that all is recovering on the US market.

Asian currencies are falling on concerns that US consumers will be cutting back spending on goods as food and gas prices rise as well.

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This entry was posted on Tuesday, April 22nd, 2008 at 14:22 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Forex Trading Strategy: Asian Currencies

G7 meeting takes focus to US dollarForex trading strategy should keep in mind that Asian currencies are dropping this morning after the G7 meeting focused so much on US dollar weakness in currency trading on the FX market.

Many Asian currencies respond rather forcefully to movements in the US dollar in currency trading. Bloomberg reports on emerging market currencies in Asia:

“The G-7 statement alluded to a preference for a stronger dollar, so expect to see some stock losses in a knee-jerk reaction,” said Suresh Kumar Ramanathan, a rates and currency strategist at CIMB Investment Bank Bhd. in Kuala Lumpur. “That’s not good for Asian currencies in the short term.”

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This entry was posted on Monday, April 14th, 2008 at 14:07 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Forex Trading Strategy: Asian Currencies

Currency trading with Asian emerging marketsCurrency trading with Asian emerging markets could prove profitable in the near term. Forex trading strategy for Asian currencies should consider that US dollar weakness is creating an opportunity. Asian emerging markets are gaining right now on the currency market. The International Herald Tribune reports on forex trading strategy:

"What we’re seeing is an opportunistic move: because the dollar is weakening, people are buying" Asian currencies, said Callum Henderson, head of currency strategy at Standard Chartered Bank. "As for the pace of intervention, it’s aimed at slowing the move rather than trying to cause a rebound."

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This entry was posted on Wednesday, February 27th, 2008 at 14:52 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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