Posts Tagged ‘ end ’

Euro Rises to 1.2400 As Relief Rally Continues

The rally in risk FX continued on the last day of trading for the week with EUR/USD reclaiming the 1.2400 figure as shorts were squeezed without mercy throughout the early European session. The move was purely technical in nature as the economic calendar was empty and there was no fresh rhetoric from the ECB or [ READ MORE ]

AUD: How to Trade the RBA Rate Decision

The Reserve Bank of Australia has a monetary policy announcement this evening and it is widely expected that they will raise interest rates for the sixth time since October 2009. Judging from the price action in the Australian dollar, not everyone is convinced that the RBA will deliver. The worry is that even [ READ MORE ]

Why Euro Failed to React to Fitch Downgrade of Greece

Only 24 hours after ECB President Trichet altered the haircut rules on lower graded assets to provide more generous terms on assets rated between BBB+ and BBB-, rating agency Fitch downgraded Greek debt by 2 notches to the lower end of the central bank’s threshold [ READ MORE ]

Will Repatriation Boost the Yen in March?

It is commonly believed that March tends to be a positive month for the Japanese Yen because of the fiscal year end in Japan. Tax incentives and the desire to window dress their balance sheets usually encourage repatriation by Japanese corporations. [ READ MORE ]

U.S. Positive Data Helps Dollar

The dollar is going to end this week trading near neutrality versus the euro as several days of alternating risk appetite and aversion moved markets both ways during the past 5 days. Today, better than expected employment data in the U.S. allow the dollar to end this week trading with a slight advantage versus the euro in the weekly comparison. EUR/USD currently trades at 1.3617. Nonfarm payrolls were at -36k in February from a previous [ READ MORE ]

Understanding the Greece Situation

With this post, I want to try to clarify the Greek fiscal crisis. The problem is that it’s not clear exactly how serious the problem is, because most of the media coverage of the crisis has been directed towards the financial markets’ perception of it, rather than its underlying fundamentals. In the end, I think [ READ MORE ]

U.S. Dollar: The Divergence Trade

It has been another interesting trading day in the financial markets with equities and currencies staging a sharp end of day reversal. The EUR/USD traded within a hair of its 9 month low on an intraday basis a few times before moving into positive territory. Economic data in the U.S. was very weak [ READ MORE ]

Dollar Soars As Fed Talks Exit Strategies

Dollar bulls cheered as the minutes from the most recent FOMC meeting reveal that Fed officials have not only begun to discuss exit strategies, but are actually debating the specifics. This discussion took place at the end of January, before the recent string of strong economic data which means the continued improvement in the [ READ MORE ]

Symmetrical Triangles on EUR/GBP D1 — February 7th 2010

EUR/GBP formed a symmetrical triangles pattern on the daily chart near the end of this week. Although the pattern isn’t aligned horizontally to count as reliable, the price is currently located near the apex of the triangles and may break out of it soon. Since this is a continuation pattern, expect a bearish trend continuation as the most probable scenario as the pattern resolves. You can click the image below too see the full-scale chart of the currency pair: (…)Read [ READ MORE ]

Common Currency Trading Mistakes

This is a fact that the majority of forex traders make numerous mistakes in their trades. In fact, mistakes made during operations can be attributed to the fact that you as new Forex trader, you do not have the required knowledge and skills to earn money in forex on an everyday basis. Although it may [ 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