Posts Tagged ‘ day ’

USD: Whats Behind The Optimism?

The continual improvement in risk appetite helped currencies and equities extend their gains. For the second day in a row, the Dow Jones Industrial Average traded above 10,000 while the euro rose to a fresh 7 week high against the U.S. dollar. Over the past month, currency pairs such as the EUR/USD and [ READ MORE ]

FOREX: U.S. And China

The lack of the U.S. economic data has put the financial markets in a consolidative mood today. The only two currencies that saw any meaningful action were the British pound and Canadian dollars, which were also the only two countries that released market moving data. After days of significant weakness, the U.S. dollar managed [ READ MORE ]

FX: Knowing When to Trade

In life, timing is everything and in forex trading, knowing when to trade is just as important as knowing what to trade. One of the greatest benefits of the forex market is that it is open 24 hours a day, 5 days a week. [ READ MORE ]

Dollar Rebounds in Quiet Holiday Trade

It’s been an unsurprisingly quiet session at the start of the week given the absence of US participation today due to celebration of Independence Day holiday with majors carving out narrow 25 point ranges on low volume. The micro economic data across the G-20 continued to show a slowdown in activity tempering any positive risk [ READ MORE ]

FOREX: Late Day Selling

Compared to the last 24 hours, it has been a relatively quiet day in the financial markets up until the last hour of trading. The Dow Jones Industrial Average oscillated in and out of negative territory for most of the U.S. session before plunging close to 100 pips in last 60 minutes of trade, putting [ READ MORE ]

USD: Big Moves Question Strength Of Us Recovery

The new quarter has started out with a bang as volatility ripped through the forex market on the first trading day in July. The euro staged its strongest rally against the U.S. dollar since March 18, 2009 while the dollar fell to its weakness against the Yen since November. Considering that equities have weakened across [ READ MORE ]

EUR/USD Fall, but U.S. Consumer Confidence Threatens Dollar

EUR/USD currency pair dropped for a second day after yesterday’s report about growth of personal spending and income in the U.S. The home price index also brought good news, doubly welcome news from very bearish market. Astounding slump in consumer confidence, though, threatens to erase any positive effect, which… [ READ MORE ]

Assessing The Fed

With the Fed’s statement out of the way, we can now assess the damage. The FOMC’s more dovish tone sent the dollar into a tailspin, declining against all major currencies except for the loonie. The Canadian dollar was the major outlier of the day, hurt by a very disappointing report on Retail Sales. [ READ MORE ]

Whipsaws On Yuan Flexibility

In a day full of volatility, most currency pairs wound up reversing course as traders reevaluated the bullish effects of the Chinese pledge to allow flexibility in the setting of the Yuan’s exchange rate. Price action today was decidedly mixed. On one hand, we had dollar strength against the euro, pound, yen, and loonie. However, [ READ MORE ]

Can Euro Rally to 1.2500?

Chinese monetary authorities announced over the weekend that they will follow a more flexible yuan exchange rate regime, spurring a massive rally in risk FX with commodity dollars receiving the lion’s share of buying flows on the first trading day of the week. The PBOC stated that,” In a continuation of the foreign exchange reforms [ READ MORE ]

Get members only access to exclusive insider views and updates of the best Forex Robots at work! It's free to join.
ForexRbot Insider
* indicates required field

Powered by MailChimp