Posts Tagged ‘ US ’

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 ]

Currencies Quiet, As All Eyes on the NFPs

Its’ s been a typically quiet night in the currency market as traders gear up for the marquee event of the week with US Non Farm Payrolls due at 12:30 GMT. Overnight action saw the dollar claw back some of its losses as longs took profit in the EUR/USD above the 1.2500 [ READ MORE ]

Modest US Consumer Spending Puts Pressure on USD/JPY

US Personal Income and Personal Spending reports printed mixed as expected with personal income coming at 0.4% versus 0.5% eyed and personal spending increasing slightly to 0.2% from 0.1% forecast. After printing flat in April, personal spending has recorded its weakest back to back showing in eight months. [ READ MORE ]

“Investors” Shouldn’t Worry about the Euro

With today’s post, I want to take off my currency trader hat and put on my investor hat. You might be tempted to argue: But wait, these two aren’t mutually exclusive. Isn’t it possible to wear both hats? While it’s theoretically plausible for a trader to take a long-term view of the markets based on fundamental [ READ MORE ]

China Revalues RMB….by .4%

It was only last week that I mused about “Further Delays in RMB Revaluation.” Lo and behold, over the weekend, the Central Bank finally budged, by pledging to the members of the G20 that it would ” ‘proceed further with reform‘ of the exchange rate and ‘enhance’ flexibility.” Upon reading this, I suppose I should [ READ MORE ]

Cable Takes Out 1.500 But Can the Rally Last?

Risk aversion returned to the currency market today as slowdown in US economic activity and renewed concerns over sovereign debt risks pushed dollar higher against most of the majors with the exception of the pound. The EUR/USD tumbled below the 1.2300 barrier once again after Greek CDS spreads hit fresh record highs indicating [ READ MORE ]

How Low Can USD/JPY Go?

Yesterday’s very weak New Home sales numbers and a more dovish communiqué by the FOMC have sent USD/JPY below the psychologically key 90.00 figure for the first time in a month. Typically that level has proven to be a good area of support this year attracting bargain hunting longs but the clear deceleration in US [ READ MORE ]

Further Delays in RMB Appreciation

Throughout 2010, I have continuously reported on the apparent inevitability of the Chinese Yuan appreciation. That the currency still remains firmly fixed in place against the Dollar is a testament not only to the unpredictability of forex, but also to the doggedness of Chinese officials.   It seemed that China’s policymakers were all but set in February to [ READ MORE ]

Yen Rises as US Housing Data Disappoints

US housing data showed much softer than expected demand in the month of May as building permits tumbled to a one year low of 574K units versus 625K forecast. Housing starts also came in much worse than expected at 593K units versus 648K eyed. Builders remained cautious after government subsidy programs aimed at helping first [ READ MORE ]

Pound Recovers on Strong Labor Data

After a very quiet Asian session during which currencies treaded water in a very tight 20 point range, risk FX saw a selloff as Europe opened up for trade on renewed fears over Spain’s fiscal deterioration. Earlier in the day Spanish business newspaper El Economista reported that officials from EU, IMF and [ 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