Posts Tagged ‘ end ’

Dubai and the Dollar

The big story of the week was the announcement by Dubai World, the investment arm of Dubai, that it is having trouble making payments on nearly $60 Billion. The funds were borrowed for various large-scale projects, ranging from man-made islands to massive hotels and skyscrapers, many of which are hemorrhaging money in the wake of [ READ MORE ]

December Forex Trading Patterns

As we are heading into the last month of the year, we take this opportunity to look a one of our favorite topics in forex, seasonality. We have long discussed how, during certain months, currency pairs show a consistent bias to rise or fall and December is clearly no different. Along with the chaos of [ READ MORE ]

Triple Rollover on Wednesday

When the Forex brokers hold your position without making a physical delivery of currency (cash) to you, they should be paying an interest rate on your position. This interest rate is applied at the end of each day (17:00 EST) on all your open positions and is called rollover. This rollover interest rate is based on the difference between the central bank’s reference rate of the bought and sold currencies. For long AUD/JPY [ READ MORE ]

Rise in Oil and its Implication for Forex

One of the biggest stories in the financial markets is the sharp rise in oil prices. Last week, crude hit a one year high of $82 a barrel, more than doubling its beginning of the year prices. Judging from the trading pattern of oil, there is a possibility that by the end of [ READ MORE ]

An End to QE from BOJ?

Bank of Japan minutes indicated that members are beginning to consider an exit strategy for the ultra accommodative policy including the end of the quantitative easing program to help corporate funding. “The amount of Commercial Paper and corporate bonds purchased by the Bank has declined significantly, and interest rates in fund-supplying operations … have [ READ MORE ]

Trouble in Commdollar Paradise?

A very quiet rangebound night in the currency market with most of the majors holding around their NY closing levels as eco data both in Europe and UK offered little fresh news to the market. The one exception to tonight’s lackluster trade was the New Zealand dollar which popped to .7400 on [ READ MORE ]

U.S. Dollar: Calm Before The Storm

It has been a quiet day in the financial markets with U.S. equities oscillating in and out of positive territory. The dollar traded slightly lower against the euro and British pound but strengthened against the commodity currencies. Initially the greenback fell to a fresh 13 month low against the euro, Australian and Canadian [ READ MORE ]

U.S. Dollar: More Intervention Fears

The U.S. dollar continued to benefit from intervention fears, comments from the Federal Reserve, quarter end repatriation and concerns about the outlook for the U.S. economy. On Monday, ECB President Trichet’s support for a strong dollar sent the greenback higher against all of the major currencies and last night, comments from Finance Minister Fujii [ READ MORE ]

Consumer Confidence Disappoints, Diverges from Other Reports

The U.S. dollar continued to recover this morning, leading many traders to wonder whether the buck has bottomed. There are many reasons why the dollar is rallying including the recent jawboning by Eurozone officials, reduction of dollar short positions, month and quarter end repatriation. [ READ MORE ]

5 Reasons Why the Dollar Could Fall

It has been another active day in the foreign exchange market with more rollercoaster like price action in the U.S. dollar. Considering that it is the month and quarter end, we are not entirely surprised by the sharp swings that are typical of this time of the year. The dollar ended the [ READ MORE ]

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