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Positive Chinese and German economic indicators led to some bullish movement for the euro during mid-day trading yesterday. That being said, the gains were for the most part short-lived, as the common currency once again began moving downward by the evening session. Today, traders will want to pay attention to a batch of British and US indicators that are likely to generate market volatility. Summary USD - USD Moves Downward Following Increase in Risk Taking EUR - German Data Gives EUR a Boost CAD - BOC Leaves Interest Rates Unchanged; CAD Takes Slight Losses Crude Oil - Positive Global Data Sends Crude Upward
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| Comments | 0 | Hits: 68 |
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Despite the small gains made by the euro in trading yesterday, analysts are quick to warn that the common currency still has room to fall if negative news continues to be released from the euro-zone. While there is a light news day today, traders will still want to watch out for any developments from the meetings between France and Germany which could affect euro pairs. Summary USD - USD Takes Slight Losses but Remains Bullish Overall EUR - European Debt Keeps EUR Bearish AUD - Aussie Sees Slight Gains despite Risk Aversion Crude Oil - Oil Steadily Declines Following Last Week's Highs
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As we approach New Years we'll attempt to address the major issues for 2012. Summary CAD - Loose BoC Monetary Policy to Weigh on CAD GBP - AAA Rating Won't Save Sterling AUD - Interest Rate Differentials to Drive AUD Gold - Gold is Not a Safe Haven Asset
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| Comments | 0 | Hits: 91 |
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There has been a noticeable trend of stronger US economic data over Q4. Today's last batch of US numbers for this year may show the US economy go into 2012 on a high note. Summary USD - US Data to Close out the Year on a High Note EUR - EUR/USD Yawns after Successful Italian Debt Auction JPY - Deflationary Pressures Continue to Plague Japan Crude Oil - Iranian Threats Fuel Crude Oil Price Increases
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| Comments | 0 | Hits: 79 |
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Comments by Lorenzo Bini Smaghi is the first sign of the ECB's willingness to consider quantitative easing (QE) should the need arise. Summary EUR - ECB Sounds More Open to the Idea of QE GBP - New Record Low for 10-year Gilt Yield JPY - Government Lowers GDP Forecasts Gold - Key Gold Support and Resistance Levels
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| Comments | 0 | Hits: 106 |
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Today's non-farm payrolls report is expected to show improvement in US employment data as many economists have upped their forecasts following the strong ADP report. However, traders may want to remain skeptical as US unemployment is still at uncomfortably high levels. Summary USD - Staying Skeptical of Todays Non-Farm Payrolls Report EUR - Draghi Suggests Greater EU Integration CHF - Negative Interest Rate Rumor Fuels CHF Weakness Wheat - Wheat Prices Underperform
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Data on the Canadian housing sector today may indicate mild optimism that could drive the value of the Canadian dollar (CAD) higher in the short-term. Recent news has done little to alter the current direction of the forex market, though news could hold values steady should they come in near forecasts. Summary USD - US Dollar Stabilizes as Markets Come Off Holiday Break EUR - EUR Trading Flat as Trichet Prepares Speech JPY - Japanese Yen Consolidating as Traders Weight Global Sentiment Oil - Oil Prices Holding Steady amid Market Turmoil
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Interest rate statements released by the world's leading central banks last week portrayed a global economy in crisis. Each central bank seemed to be taking a wait-and-see approach with monetary policies, holding rates steady and declaring a pessimistic outlook. The impact appeared to get magnified with each statement, forcing a sharp return in safe-haven appeal which has helped the US dollar (USD) make significant gains. Summary USD - US Dollar Surges against Currency Rivals EUR - EUR Bearish as Traders Seek Safety JPY - Japanese Yen Mixed as Traders Weigh its Safe-Haven Appeal Gold - Gold Price Consolidating Near $1855 an Ounce
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| Comments | 0 | Hits: 289 |
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The US dollar strengthened considerably yesterday moving past stops during the New York trading session and dragging commodity prices lower after gold and crude oil reached new highs. Summary USD - Dollar Strengthening on all Fronts EUR - Peripheral Nations Worry Markets JPY - USD/JPY Fails at Key Resistance Level Crude Oil - Crude Oil Sets 2-Year High
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| Comments | 0 | Hits: 374 |
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The US dollar traded near a five-month low versus the EUR before a U.S. report today that may show existing home sales are close to a 10-year low, adding to signs the world's largest economy is struggling to recover. Summary USD - US Dollar Extends Losses EUR - EUR/USD Hits 5-Month High JPY - Yen Makes Big Gains on Dollar OIL - Crude Oil Rises Above $75 a barrel
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| Comments | 0 | Hits: 318 |
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After hitting a three month high against the U.S. dollar in trading yesterday, the euro took some slight losses last night, falling some 30 pips against the greenback. The overall trend for EUR/USD is still up, especially ahead of the U.S. Advance GDP figure, which is forecasted to show a slight decrease from the previous report. Summary USD - Dollar Manages Slight Gains, But Remains Low Overall EUR - EUR Records Gains on USD, Losses Against JPY and CHF JPY - Safe Haven Yen Climbs Vs. Rivals OIL - Crude Oil Jumps in Overnight Trading
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The Dollar strengthened versus the EUR following a decline in stock markets, poor U.S economic data and an unexpectedly dour outlook from the Bank of Canada. Concerns about the strength of U.S. corporate earnings and the strength of the global economic recovery dampened demand for risky assets, halting hit the EUR's attempt to breach the $1.50 mark Tuesday. Summary USD - USD Gains on Poor Economic Data EUR - EUR falls on Concerns the Currency's Strength is Hurting Recovery JPY - Yen Mixed against Major Currencies OIL - Crude Drops below $79 a Barrel
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| Comments | 0 | Hits: 296 |
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The market is set to go increasingly volatile today on the publication of U.S. Unemployment Claims at 12:30 GMT and the Philly Fed Manufacturing Index at 14:00 GMT, and Treasury Secretary Timothy Geithner's speech at 13:30 GMT . In turn this economic news will help determine the strength of the Dollar versus its major currency pairs going into end of week trading. In order to take advantage of the forex market now, traders are advised to start opening their USD positions now, prior to the release of this crucial data. Summary USD - USD Weakens on Weak U.S. Inflation Data EUR - EUR Jumps On Increased Optimism JPY - Yen Rises Against the USD
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| Comments | 0 | Hits: 300 |
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The U.S Consumer Confidence report which was released yesterday, gave a surprisingly positive result, suggesting that the public is retaining its faith in the North-American economy. In today's trading, traders should pay special attention to the Existing Home Sales indicator scheduled for 14:00 GMT, as another positive figure could further strengthen the USD. Forex Highlights USD - Dollar Pairs Gains On Positive Consumer Confidence EUR - EUR Hit by Concerns over German banking sector JPY - Yen Down Versus the U.S Dollar
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| Comments | 0 | Hits: 336 |
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Traders witnessed one of the first vital pieces of information from the Euro-Zone which actually put a dent in the plans of the EUR. The German Ifo Business Climate report failed to meet expectations and slightly lowered investor confidence in the 16-nation currency. As a result, traders may indeed see a reversal in the making for the EUR/USD unless today's news puts a halt to the correction. Sticking close to the calendar today and betting on news releases would be a wise move for the weary trader today as the movements of the forex market are not yet stabilized. Summary USD - Is a USD Rally in the Making? EUR - EUR Declines against Greenback JPY - JPY Strength Uncertain, Heavy News Week may Help
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| Comments | 0 | Hits: 291 |
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Many forex traders witnessing the strong bearish trends across the USD pairs and crosses have been wondering when it will come to an end. As last week's Summary USD - Dollar Drops on Poor Data EUR - The EUR Soars amid Positive German Data JPY - JPY Provides Mixed Results against the Majors
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| Comments | 0 | Hits: 312 |
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An increase in optimism led by a bullish stock market as well as positive comments made by U.S. Treasury Secretary Timothy Geithner yesterday led to an increased demand for riskier currencies. Expect a busy news day today, with important news coming from the U.S, Euro-Zone and Summary USD - Dollar Declines as Stock Market Rallies EUR - EUR Soars Against Dollar JPY - JPY Tumbles Against Dollar
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| Comments | 0 | Hits: 260 |
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The dollar was slightly more volatile over the past week than usual, and the explanations for this have been getting trickier by the day. As for this week, forex traders are advised to take positions on trades, as a string of data releases coming out of Europe and Japan are likely to affect the greenback's main currency crosses. Summary USD - USD Rallies - Benefits from Safe-Haven Appeal EUR - Euro-Zone Fundamentals Weak as GDP Shrinks JPY - Yen Out-Performs Other Currencies
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| Comments | 0 | Hits: 297 |
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Today, traders should pay close attention to the release of the U.S. Non-Farm Employment Change report. This indicator always provides for extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the market following this vital announcement at 12:30 GMT. Summary USD - Dollar Slides Against the EUR EUR - EUR Surges Versus GBP JPY - JPY Tumbles Against Currency Rivals
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| Comments | 0 | Hits: 331 |
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