Archive for the ‘ Forex News ’ Category

Review: Stop Placement

Why stops are a critical tool and how we implement them in our trading. [ READ MORE ]

Swing Technicals- NZD/USD Closing in on Short at 0.7395

CURRENCY CURRENT BIAS POTENTIAL STRATEGY EUR/USD (Medium Term) Watch for potential support at the top of the broken channel. GBP/USD (Medium Term) Wait until a new pattern emerges. USD/JPY (Medium Term) Wait until a new pattern emerges. USD/CHF (Medium Term) Watch for potential support at the top of the broken channel. USD/CAD (Medium Term) Sell USD/CAD at 1.0815. Stop at 1.0936. Profit target at 1.0633. AUD/USD (Medium Term) Wait [ READ MORE ]

Risk FX Rallies As Eco Data Surprises

Surprisingly strong economic data provided the fuel for a surge in risk currencies on the last trading night of the week, as euro reversed its earlier losses while pound recaptured the 1.5400 level after UK GDP figures beat estimates by a wide margin. The euro had come under strong selling pressure early in European trade [ READ MORE ]

Strong IFO Fuels Euro Rally

The German IFO index surged to 106.2 versus 101.5 eyed lifting the euro from its session lows as the key survey of business sentiment confirmed that economic conditions in Eurozone’s largest economy are improving markedly. This was the largest one month jump since German reunification and according to President of IFO Hans-Werner Sinn capacity [ READ MORE ]

Euro and Pound Rally as Eco Data Supports

Risk flows reversed in early European trade after better than expected PMI data out of Europe and stronger retail sales from UK lifted both euro and pound to their highest values of the day. The EUR/USD recaptured the 1.2800 figure after EZ PMI readings for both manufacturing and services increased in July with German data [ READ MORE ]

Surprisingly Strong EZ Growth Lifts Euro Off Session Lows

Both German and French PMI flash readings for the month of July printed stronger than expected with German data in particular beating forecasts by a wide margin, indicating that economic activity in Eurozone’s two largest economies remains robust despite concerns over sovereign debt issues plaguing the region. [ READ MORE ]

Cable Whipsaws in Wild Price Action

The pound went on wild rollercoaster ride in late Asian and early European trade today first falling more than 100 points in a matter of minutes then just as quickly recovering only to finally slide lower after the release of the BOE minutes. The initial dump lower was blamed on a massive sell order by [ READ MORE ]

Can Aussie Rise to .9000?

The Aussie, rather than the euro may be one of the biggest beneficiaries of the upcoming results from the EZ bank stress tests due this Friday. On a week when the economic calendar is relatively light the stress tests remain the key focus of the currency markets with rumors already swirling that the vast majority [ READ MORE ]

Euro Fails to Hold 1.3000

The euro rose to a fresh eight week high of 1.3028 in early European trade, boosted by growing investor enthusiasm over the results of the bank stress test due Friday, but the pair could not hold the highs and fell back below the 1.3000 figure by mid-morning trade as the tug of war around this [ READ MORE ]

German PPI Shows Pricing Power Returning

German PPI printed significantly hotter than expected in June at 0.6% versus 0.2% eyed. On a year over year basis prices rose 1.7% versus 1.2%. Prices of intermediate goods rose 5.0% on a year over basis – the biggest jump in more than three years. [ READ MORE ]

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