Archive for September, 2010

After weeks of gains, Euro lost 0.2 % from 5 month high, after risk rating agency Moody’s cut the Anglo Irish Bank’s ratings to Baa3. This was a downgrade of 3 notches, meaning Irish debt is considered to be graded just above junk status.

European banking sector at risk?

Some currency analysts start to worry about the European banking sector again after the downgrade. At the (more…)

Comments from Norway’s central bank, Norges Bank, made gains for the Krone against Euro. “Key interest rates should be increased to a “more normal level”, according to Norges Bank.

Analysts expects gains in Norwegian interest rates

However, currency analysts expect Norway to increase interest rates earlier than previously (more…)

The Royal Mint just launched 2010 ‘Coins of the Year’. Below you find some of the royal coins for 2010.

Above: 50 pence coins

Above: Two pound coins

Background of Coins of the Year

Coins of the Year are targeted to those collecting coinage. Every year, new coins are launched and by purchasing a ‘Coin of the Year Set’ you can start a long term collection of minted legal tender.

In the long term, unusual coins in limited editions often turns out to be a good investment. All coins from Celebrate Britain come in excellent uncirculated quality, with superior-quality finish than circulating coins.

Coins of the Year 2010

The coins for 2010 are a 70-year celebration of the ‘Battle of Britain‘, a turning point of the Second World War. British pilots were fighting against German forces and it certainly was a risky job. Average life expecacy for pilots from Britain was only 8 days.

Special celebration coins for 2010

The five pound coin below is not in circulation, but you can (more…)

As we previously predicted it became inevitable for Bank of Japan (BOJ) to hold back its plans for intervention. JPY/USD went from 83 yen per dollar to 85.47 shortly after the intervention.

Strong yen – harmful for Japanese economy says Noda

Early this morning (9:30 ET) Yen reached a new 15-year high. This time, Bank of Japan was quick to intervene in the currency markets, selling yen in exchange for us dollars, after a week of possible intervention warnings. This intervention was made to counter the adverse impact of the strong yen, and was the first official intervention in the currency market since 2004.

“We conducted the intervention in order to avoid excessive movement in the currency market. The Bank of Japan will continue to (more…)

The yen surged to 15-year low on Friday against the dollar as fading confidence for the global economy have risen demand for the Japanese currency.

Will Bank of Japan intervene?

The latest move raised currency speculation of the Japanese central bank intervening in the forex market, which is rather uncommon (more…)