A lot of traders have been paying attention to the Dollar, but it’s also important to watch the Euro and what’s taking shape on its respective price charts.[More...]
After several weeks of building expectations over the depth of what the FOMC might deliver, it seems investors have quickly come to terms with its impact on the value of the U.S. dollar. While most onlookers were quick to conclude that the Fed was deli…
The currency market, as well as all markets, have been heavily focused on the U.S. and the Fed’s plans for more quantitative easing (QE).
And that’s had a huge impact on the dollar and on dollar sentiment.
Most Australians spent November 2nd enjoying the annual Melbourne Cup, the country’s biggest horse race.[More...]
Here’s the Economic Calendar for the week commencing the 7th of November 2010. This week is a China week, there’s the monthly trade data for October, and the usual suite of CPI, retail sales, industrial production, fixed asset investment, and property …
Almost daily, I receive emails asking how a trader can profit from the Turkish Lira, many of whom are drawn to the high interest rate feature of the currency. It is easy to forget about the huge volatile moves that has plagued the currency since its re…
The Federal Reserve upped the ante just a little by saying that it would expand its balance sheet by $600 billion between now and the end of the first half of 2011 in order to achieve a brace of objectives. Its actions have reinforced the perceived mar…
Thursday afternoon the Federal Reserve launched a second round of quantitative easing. The Fed announced its much anticipated decision to buy an additional $600 billion of Treasuries. Following the announcement the dollar traded near its 2010 low again…
Important market movers await forex traders today with US Unemployment Claims, British and European Rate decisions followed by central bank news conferences. Here’s an outlook on the most influential events that will shape forex trading this Thursday…
The U.S. dollar dropped against most of the major currencies, especially the euro, ahead of the Congressional Election results. The main reason for the dollar’s fall is the speculation regarding asset purchases by the Federal Reserve. In the mean-time,…
October proved to be difficult month for Forex traders. Many of the participants reported sub par performance, if not losses, ailing systems and strategies that seemed to stop working. Somebody even wrote that “nothing works any more”.
Japanese intervention to deal with the slipping dollar could become very real with impending Federal reserve announcement on Wednesday. The US dollar is at a record low against the Yen harking back to 1995 levels of 79.75 yen.
Following a long bearish streak versus the CAD over the past few days, the CHF seems to be headed for a bullish correction. Forex traders are advised to take advantage of this knowledge by going short on CAD/CHF now.
At long last, markets will today turn their attention to Washington, D.C. and the opening of the 2-day Federal Open Market Committee policy meeting.[More...]
Something extremely subtle shifted in the weeks after its October decision causing the Reserve Bank of Australia to change its mind from a steady policy setting. On Tuesday the central bank added a further notch to its belt by lifting interest rates by…