Posts Tagged ‘ surprises ’

G-20 Was Little To Get Excited About

The price action in the currency and equity markets today suggests that the G20 meeting provided little surprises. However price action can sometimes be misleading as the G20 did surprise by placing a target date on deficit reduction and delaying higher capital requirements. This implies that the G20 believes that deficit reduction [ READ MORE ]

EUR/USD Rebounds as Fundamentals Don’t Favor USD

EUR/USD retraced from the yesterday lows set on the bad signals from Europe. Fundamentals that came out in U.S. today aren’t very positive for the dollar, while the interest rate decision by FOMC didn’t bring any real surprises to the market, but decreased the general risk-aversion, helping such currencies as the euro. The currency pair is now trading near 1.3729 after reaching as high as 1.3776 today. Housing starts declined from 611k [ READ MORE ]

U.S. Dollar: Nothing Wrong With Being Predictable

There was quite a bit of volatility in the forex market following the FOMC announcement even though there were no major surprises from the Federal Reserve. The Fed kept interest rates unchanged at 0.25 percent, continued to unwind their emergency measures and reminded the market that they are not ready to raise interest rates. [ READ MORE ]

U.S. Dollar: Keep an Eye on Chinese Data

It has been another quiet day in the foreign exchange markets with the U.S. dollar trading higher against some currencies and lower against others. The fragment price action in greenback continues to reflect the divergence in the risks of investing in different countries. The dollar weakened against the euro, Australian dollar and [ READ MORE ]

Forex: Credit Default Spreads and EUR/USD

It is an extremely quiet day in the foreign exchange markets with most of major currencies ending the NY trading session unchanged against the U.S. dollar. With no U.S. economic data on the calendar and little surprises from the G7 this weekend, we want to take this opportunity to explain credit default swap spreads [ READ MORE ]

U.S. Dollar: Have We Hit A Capitulation Point?

It has been an extremely volatile day in the financial markets with the Dow Jones Industrial average falling close 160 points only to recover aggressively in the last hour of trading to end the day in positive territory. The turn in risk appetite has caused a similar reaction in currencies with the dollar also [ READ MORE ]

Enjoy Your Forex Trading This New Year

Well here we are in 2010. What do you think that the New Year will hold for those of us who are forex trading? Certainly last year had many challenges as the recession was being predicted to worsen by some of the negative camps and a gentle or slow recovery was being forecast by other soothsayers. I [ READ MORE ]

U.S. Dollar: Retail Sales Could Provide Hope

After a brief pause, the U.S. dollar continued to weaken and underperformed every major currency except for the Japanese Yen. Despite the lack of economic data and surprises from the Fed’s Beige Book report, the greenback saw quite a bit of action in the first few hours of the U.S. trading session. More specifically, [ READ MORE ]

Dollar Bulls Remain in Control After Mixed Data

Despite a heavy dose of U.S. economic reports this morning, the lack of surprises left the control of the market in the hands of dollar bulls. The greenback held onto its gains ahead of this afternoon’s Federal Reserve monetary policy announcement on the expectation that the Fed will be more upbeat and announce plans [ READ MORE ]

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