Grassroots Currency Speculation

The British Pound and the Japanese Yen are both beating the dollar in early trading in the New York session. The Japanese Yen had taken a bit of a back seat to the dollar last week but it looks like it is recovering some of those losses. Forex trading is more volatile since Coronavirus but it could be getting back to more stable trading soon.

The British Pound gained against the Canadian Dollar on Monday as Britain has made a bit of a turn around against other currencies. The GbpCad has been rising since March 26th and before that it was headed lower for two weeks.

The GbpUsd currency pair is gaining. It comes on the heels of the G20 meeting were nations pledged their support to help fight the Coronavirus outbreak around the world.

The British Pound made gains over night as it looks to get an edge on the Japanese Yen. The GbpJpy had been heading down for four weeks straight up until March 18th when the Central Bankers started making policy changes.

The Australian Dollar made big moves up against the Japanese Yen over night. The Reserve Bank Of Australia and the Federal Reserve opened a swap arrangement a few days ago. The movement of the AudJpy was not that smooth so it might have been difficult to catch this move with a tight stop loss.

The United States Dollar made gains against the Japanese Yen today in the forex market. The trading was a little choppy but if you have a fairly large risk appetite you could have hung in there to make some profit on the Dollar rising against the Japanese Yen.

The British Pound and the Canadian dollar both made gains against the Japanese Yen in currency trading during the Last 24 hours. The forex market is currently in the London Session with the New York Session starting now. The Bank Of England announced supervisory and prudential policy measures .

AudJpy went against the eight day trend and started to rise in the last 24 hours. This comes as Reserve Bank Of Australia announced an interest rate cut . They also announced a package of financial measures to combat the economic effects of the Coronavirus outbreak. Most of movement occurred during London Session. NzdJpy also reversed course and headed upward.

President Trump has been coming on television almost daily as he tries to reassure the American public that the Coronavirus dilemma can be minimized efficiently. The GbpUsd has gone down again during the London Session and Asian Session . It could stay that way for the New York Session. The Japanese Yen is retaining its safe haven status at a lower level than the Dollar since the Federal reserve lowered interest rates. Chf is also performing well. UsdCad is also going up.

The British Pound weakened against the Dollar as the Federal Reserve recently lowered interest rates. The Japanese Yen also remained relatively strong against the Aud. Canadian dollar also remained relatively strong. This was during Asian and London Session. So the dollar is performing a little better as a safe haven than the Japanese yen.

The Dollar gained against the Australian currency during the London session as The Federal Reserve lowered interest rates to deal with the economic implications of the Coronavirus. This is an indication that the Dollar maybe viewed as a safe haven currency during these unsteady economic times. The AudUsd has gone down steadily for 24 hours.

The AudJpy went lower as the Japanese currency strengthened over night during the Asian and London Session. The Australian currency is the gateway currency for the West into the Asian markets.

The NzdJpy, CadJpy, and UsdJpy all strengthened over night as fears of an economic down turn subsided a little. The UsdJpy made gains on the Japanese Yen as the U.S. tries to rebound from the Dollar seeing weakness in the last couple weaks.

Over night the GbpUsd currency pair continued to weaken as America rolled out an economic stimulus plan to combat the Coronavirus fall out. The Japanese Yen held on to its strength over night despite the Usd remaining strong.

New Zealand's currency gained against the Yen over night as Coronavirus economic stimulus packages have been talked about. The New Zealand Dollar had been falling for the past eight days before this against the Japanese Yen.

The Dollar gained against the Japanese Yen over night as the Trump administration is rolling out an economic plan to deal with Coronavirus and its influence on the economy. The Dollar gained strength over all major currencies over night.

The Canadian Dollar and the U.S. Dollar have been losing strength to Japan as Coronavirus concerns set in. The Japanese have been maintaining their status as a safe haven through out most of the last two weeks. GbpJpy has also fallen for the last 3 weeks.

The British pound gained against the Canadian Dollar Friday during all three sessions in the forex market. Central Bankers are keeping a close eye on their economies so they can determine how to best approach the markets.

CadChf and CadJpy are holding their historical place as safe havens over the last day. The Canadian Dollar is real weak right now during these volatile times when Central Banks do not know exactly what the future holds because of the Coronavirus.

The Australian Dollar and Japanese Yen is tumbling downward as the Bank of Japan is contemplating how to deal with the economic situation involving the Coronavirus.

GbpCad is going higher During the New York Session. The British Pound is gaining strength against the Canadian Dollar. Bank of Japan Governor Haruhiko Kuroda said on Wednesday the central bank must be mindful of the risk that the damage to the economy from the coronavirus outbreak could be quite big.

The EurUsd spiked up today as the Federal Reserve cuts interest rates by 50 points in the first emergency move since the Financial Crisis. UsdJpy is currently moving downward as the Japanese Yen has regain some of its safe haven status. The ChfJpy also has moved down. JpyChf is really taking off.

The Canadian Dollar and Japanese Yen are Battling it Out on the currency market to find a solution to where the currency should be trading during the current economic climate. The CadJpy has been down for the last few weeks. But recently since Sunday and Monday it has been trying to find out where it will stabilize during the current environment. It has been up and down since Sunday. The Bank Of Japan released a statement . The Bank of Japan will closely monitor future developments, and will strive to provide ample liquidity and ensure stability in financial markets through appropriate market operations and asset purchases. The Top Central Bankers are considering acting together.

The CadJpy began the Tokyo Session very strong as fears over the Coronavirus have remained in the forex market. The difference this time around is that unlike the last few weeks, the Canadian Dollar has risen almost 100 pips in less than six hours. What is behind this move ? The Japanese Yen is known as a safe haven but it did not stay strong this time. So this is a developing story and I will keep track of how this currency performs in the near future.