Posts Tagged ‘ trade ’

Risk Sentiment Improves Driving, Euro, Aussie Higher

Risk appetite staged a strong turnaround in Asia after Nikkei rebounded and the RBA issued a relatively upbeat assessment of economic conditions Down Under. High beta FX saw a slow and steady rally throughout the early European trade with EUR/USD rising to take out the 1.2600 figure while cable rallied past 1.5200 before [ READ MORE ]

Euro Declines off the Highs on Fears of QE

High beta FX gave up some of its gains against the dollar in Asian and early European trade today as risk aversion flows returned to the market. With no meaningful economic data on the calendar risk currencies followed equities to the downside as Nikkei slipped -0.6% while European bourses were lower by -1.0% in mid [ READ MORE ]

Trading Only During Certain Trading Sessions?

Forex trading experience can vary greatly during different trading sessions and days of the weeks. Some traders prefer to trade only on London-U.S. or U.S.-Asian sessions’ intersection for the biggest volume and steadier trends, others try to avoid Friday and early Monday trading or trade exclusively on Wednesdays and Thursdays (the most pip-moving weekdays). Trading… [ READ MORE ]

Euro Rebounds But All Eyes on ECB Tender Offer

Risk FX rallied off its lows in early European trade boosted by a slight rebound in equity prices, but currency markets remained cautious ahead of the 3 month ECB tender offer due later today. The ECB 1 year tender of 442 Billion euros is due to expire tomorrow and in its stead the central bank [ 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 ]

Euro Rises to 1.2300 As Spanish Debt Auction Succeeds

A volatile night of trade in the currency market tonight as high beta FX first sold off heavily in Asian trade but managed to recover somewhat in Europe as risk aversion flows subsided. Chinese PMI data printed weaker than forecast at 52.1 versus 53.2 eyed spurring fears that manufacturing sector in the world’s third [ READ MORE ]

Slowdown in Asia Puts Pressure on Aussie

Chinese Manufacturing PMI printed worse than expected in the month of June coming in at 52.1 versus 53.2 eyed fanning fears that global growth may be slowing as we move into the second half of the year. The news was especially surprising given the robust increase in Chinese exports in May and send risk FX [ READ MORE ]

Record Low For Euro Against Swiss Franc

A choppy night of trade in the currency market as the week began with risk FX having a muted reaction to the G-20 meeting. The G-20 announced in its post meeting communiqué that it member nations will try to reduce their respective budget deficits by half by the year 2013 and will try [ READ MORE ]

G-20 Fears Send Euro, Cable, Aussie Down

A very choppy night of trade in the currency market with risk FX coming under pressure ahead of the G-20 meeting this weekend as traders warily eyed the possibility of more financial regulation from fiscal authorities. The G-20 meeting in Toronto will likely be marked by greater discord than at any time since the [ READ MORE ]

Euro Unable to Rally Despite Better Data

Risk FX stabilized in Asian and early European trade today in the wake of the reversal staged yesterday during the North American session. However despite a positive tone to newsflow, high beta currencies were unable to muster much of a rally as traders remained wary throughout the session. The yuan continued to strengthen, hitting [ READ MORE ]

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