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Dovish Trichet boosts Safe-Haven USD and YEN
Thursday, January 14, 2010 - 12:23pm | 252Read More...Earlier this morning, the US and the Euro-zone posted a sequence of very important economic data releases and statements which are currently influencing Forex. US advanced retail sales for December surprised the markets by registering a fall of 0.3% against an expected rise of 0.5%. In addition,...
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Ten Ways for Real Time Traders to Stay Focused Part II
Thursday, January 14, 2010 - 10:12am | 485Read More...Here are the remaining five ways in which a real time trader can remain focused: Self Accountability: You should always remember that only you are responsible for the profits earned/losses incurred in the forex market. Profitable positions are always available in the market and so, market...
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Stimulus Remark Aids British Pound
Wednesday, January 13, 2010 - 8:03pm | 159Read More...The EURUSD hit its highest level since 16th December after the markets concluded that China’s recent monetary policy tightening would not have any serious impact on its own economy. Although the EURUSD achieved 1.4582, it failed to sustain this level because of concerns regarding a contracting...
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China’s Comments Ignite Euro
Wednesday, January 13, 2010 - 9:45am | 212Read More...The most important event of the night was China’s central bank raising its required banking reserves ratio. This move caused investors to unwind their previous day’s Yen selling positions resulting in the USDYEN climbing by over 60 pips to its current 91.30. After the markets decided that China’s...
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Ten Ways for Real Time Forex Traders to Stay Focused Part I
Wednesday, January 13, 2010 - 7:22am | 379Read More...Here are the first five ways in which a real time trader can remain focused: A probability game: Every trader must understand that winning or losing in the forex market depends upon probabilities. Therefore, s/he needs to understand that all a trading system can provide is the knowledge of trading...
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YEN is the Night’s Big Performer
Tuesday, January 12, 2010 - 10:50am | 248Read More...The US Trade Deficit has just been posted registering a rise to $36.4 Billion against expectations of $34.6B. Deeper analysis showed that exports to China increased to new highs of $7.3 billion but that the fewest barrels of oil were imported since February 1999. During the night, official remarks...
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Euro/Yuan Finally Pushes Off Support, Getting Traction
Tuesday, January 12, 2010 - 2:07am | 100Read More...It's been brewing for three weeks, but the EUR/CNY chart finally pushed off the support line that brought a quick end to early December's demise. A string of barely higher highs was starting to develop a bullish resistance line to be added to the one that traced the barely higher lows (the same...
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Euro Benefits from Renewed Risk Appetite
Monday, January 11, 2010 - 7:30pm | 136Read More...China’s exports rose dramatically in December by 17.7%. This result was the first growth in 14 months and provided the markets with fresh optimism that global recovery could well be on the way. The Euro also found support from the posting of the French Industrial production figure today that...
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Strong Chinese Data Stresses Dollar
Monday, January 11, 2010 - 9:53am | 193Read More...The EURUSD spiked higher during the night climbing to 1.4540 before retracting to its present 1.4520 (see hourly chart). The dollar has been under pressure since the release of the disappointing Non-Farm Payroll figure last Friday that reported further US job losses of 85k. The dollar’s problems...
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Poor NFP Shapes Forex Landscape
Friday, January 8, 2010 - 10:13am | 164Read More...The US Change in Non-Farm Payrolls has just been announced, posting a surprising drop of 85k. In addition, these figures were made worse because they also comprised losses of many good quality jobs, including 21k government employees. In response, the EURUSD has surged already by over 100 pips to...
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Gloomy Minutes Hover Over Buoyant Dollar
Thursday, January 7, 2010 - 7:14pm | 126Read More...The Dollar has been well-bid today after the announcement of a strong US Weekly Initial Jobless Claims Report earlier this morning. These figures have helped support the opinion that tomorrow’s crucial Non-Farm Payrolls could post a positive figure for the first time in two years. The Euro...
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New Broom Sweeps YEN Under the Table
Thursday, January 7, 2010 - 9:21am | 194Read More...Statements from the new Japanese Finance Minister caused the YEN to plummet against other major currencies overnight. He commented that Japanese firms preferred the USDYEN at about 95.00 and that efforts will be made to bring the pair to this desired level. After these aggressive remarks, the...
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US Dollar Rises While Yen Suffers
Thursday, January 7, 2010 - 8:47am | 182Read More...The US dollar rose higher after the yen, pound and euro got a pounding today. The yen fell after Japan's recently-appointed finance minister indicated his preference for a weaker yen. This caused rumors that the government may be inclined to stem any sharp rise in the currency. Additionally, the...
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FOMC Minutes Undermine Dollar
Wednesday, January 6, 2010 - 7:27pm | 134Read More...The FOMC minutes released earlier today surprised the markets by mentioning that there may be a need for further US economic stimulus. They also contained comments stating that the winding down of the central’s mortgage purchases could harm the housing sector as well as pointing out that continual...
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Dollar Struggles After Weak ADP
Wednesday, January 6, 2010 - 10:09am | 235Read More...The YEN weakened against both the Dollar and the Euro during the night with the USDYEN rising by over 100 pips to highs of 92.50 whilst the EURYEN surged even higher by 130 pips to 132.80. Both pairs have given back some ground in the last hour. Just recently, the US ADP Employment Change for...
