Forex Insights

CAD Longs Hit Record High

17/09/2012 12:41

• CAD Dips On Weaker Manufacturing Data
• Outlook Remains Bright
• 1000 Pips Upside Potential In EUR/CAD – Saxo Bank

After hitting a four-month high against the dollar Friday, as investors reacted to the news that the US Federal Reserve would be injecting a new round of easing measures into the stagnating US economy »

Sterling Stands Strong In QE Glow

17/09/2012 10:56

• Pound Hovers Near Four-Month High
• Dollar Continues To Weaken
• UK Data Underlines Gains

Sterling has continued to show promise against the dollar Monday morning, standing firm near a four-month high as the glow from Ben Bernanke’s stimulus speech continues to linger. The pair, cur »

Editor’s Morning Forex Review: Central Bank Ripples Continue To Resonate

17/09/2012 09:09

• Risk Appetite Back On The Menu
• Euro/Dollar: Any Advance On 1.35?
• USD/JPY Awaits The BoJ

It was Archimedes wasn’t it who came up with the principal explaining how every action has an equal and opposite reaction? And like dropping a pebble into a pond, the rebound caused by Draghi an »

Gold Gains On Easing Promise

14/09/2012 12:09

• Bullion Hits $1,768.44
• Growth Prospects Fuel Commodity Gains
• Riding The Rest Of The QE Wave - Kathleen Brooks

Gold prices have extended gains made yesterday in the moments after the US Federal Reserve announced that a further round of accommodative measures would be put in place to boost growth and jostle the »

Twist And Shout

14/09/2012 09:22

• QE Two-And-A-Bit!
• Volatility Gets Its Day
• Gold Wins Bigtime

So, he went and did it. Federal Reserve boss Ben Bernanke finally let rip with that big ol’ bazooka of his and… well, out popped a bit of a dud. But that’s men for you! Forex trade »

Euro Fluctuates Ahead Of FOMC Decision

13/09/2012 15:47

• EUR/USD Breaks Key Resistance Level
• Greek Bailout Shocks
• More Dollar Weakness Forecast

The euro retreated from a daily high of 1.2931 Thursday, as investors eyed the outcome of a two-day policy meeting of the US Federal Reserve and were hit with shock news about a third Greek bailo »

Pacific Currencies Gain On QE Hopes

13/09/2012 11:10

• Aussie Hits Daily High Of 1.0488
• Risk Currencies Up On QE Expectation
• Experts Warn Over Market Reception

Despite dipping from a daily high hit earlier, the Australian dollar has remained strong ahead of the US Federal Reserve’s decision over easing prospects due later today. The currency hit 1.048 »

Japanese Data Spurs On Yen Prospects

13/09/2012 09:50

• Analysts Eye Japanese Economy For More Clues
• Asian Markets Rally On Easing Hopes
• USD/JPY Continues Downward Streak

Japan’s core private-sector machinery orders increased to a seasonally adjusted 4.6 percent in July, data from the Japanese government showed Wednesday. The figure represents the second consecu »

Mystic Ben And The Watchmen

13/09/2012 09:15

• Time For Fed
• QE3 - OK
• Risk And Reward

In the run-up to penning this piece, (oh yes, dear forex trader, it takes something approximating a sprint these days of my own Autumn to achieve take-off speed!) I was thinking how whenever financial »

Enter The Draghi

12/09/2012 16:16

It all started just over a month ago, when Mario Draghi declared “the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough”. Since then, the o »

Gold Glistens At Six-Month High

12/09/2012 15:59

• Gold Hits $1746 per ounce
• ECB Plan Boosts Global Sentiment
• Fed Easing Prospects Eyed

Gold prices rallied to their highest point for six months on Wednesday, buoyed by the news that the German Constitutional Court had approved the creation of a permanent euro zone bailout fund. Pr »

Euro Likes The Vibe

12/09/2012 15:29

• Euro At 4-Month High Versus USD
• Eurodollar Psych Level Eyed
• Next Up… Bernanke

So, of no real surprise – especially for clued-up forex traders – the German Constitutional Court cleared the way this morning for the fiscal pact and the euro zone's permanent rescue fund »

Greenback Takes A Bashing Ahead Of FOMC Decision

12/09/2012 10:48

• Dollar Broadly Low
• Expectation For Easing Hits High
• Disappointment: Experts Consider Fallout For Risk Currencies

The dollar has continued to weaken as markets head into the home straight ahead of an announcement by the US Federal Reserve which it is hoped will boost growth and stimulate the economy. Expectation »

ESM: Yes… But

12/09/2012 09:13

• All Eyes On Germany
• European markets drop ahead Court ruling
• EUR/USD Market Bullish

Today at 10am the highest court in Germany will hand down its preliminary ruling on the ESM and fiscal treaty. Forex traders can therefore expect a lift to the euro, which has already made a marginal »

Crude Climbs On Dovish QE3 Vibes

11/09/2012 16:43

• Crude Oil Hits $97.06 A Barrel
• US Inventory Data Looms
• Investors Eye Fed Meeting

Crude oil prices climbed Tuesday as investors continued to speculate over whether the Fed would add further easing measures in a bid to boost growth. The commodity also advanced ahead of inventory dat »

South African Rand Set For Fall?

11/09/2012 14:48

• Mining Unrest Spreads
• Rand Set To Come Under Pressure
• Investors Eye ECB For Next Cues

The US and euro zone may be grabbing the majority of headlines this week, with investors on tenterhooks as they ‘quanticipate’ the Federal Reserve’s next move. But for investors with »

Yuan Loses Grip Against The Greenback

11/09/2012 12:27

• CNY Drops Further Against The USD
• US Fed Easing Expectations Soften
• Bullish Outlook For CNY Longterm

The Chinese yuan dipped against the dollar Tuesday as bets on the prospect of quantitative easing from the US Federal Reserve began to wane slightly. The Chinese currency hovered just below the offic »

UK Trade Surpises

11/09/2012 12:03

• Rise In Exports To non-EU Markets
• Sterling Firms V The USD
• Exchange Rate Playing Its Part

The UK's trade deficit narrowed in July, led by an increase in oil exports to the European Union. Many forex traders will have been surprised by the figures, coming as they do on the coattails of a ra »

Brazil – Order and Progress – Half Right?

11/09/2012 10:40

• Real Flags Its Value
• Feel The Heavy Hand Of Brazilian Government
• Likely To Trade R$2.00 to R$2.10 To The USD

The Brazilian motto embellished on its flag “Order and Progress” is an exhortation of the Brazilian promise. Recently, the central bank and the government whose policies are inseparable (i »

Markets ‘Quanticipate’ Fed Decision

10/09/2012 17:00

• Grexits, Spaxits and Quanticipation
• Easing Hopes Run High
• Gold Shines

In the world of forex trading, there are few occasions dramatic enough to necessitate the creation of a new word. The impending possibility that nations would leave the euro zone proved sufficiently e »

Where The ECB Leads, Will The Fed Follow?

10/09/2012 16:49

• China Data Undermines US Dollar
• Euro off two-month high versus sterling
• GBP Holds Above $1.60 On Fed QE Expectations

Along with stocks globally, forex traders saw the euro dip today as investors took profits before a German constitutional court ruling on the euro zone's new bailout fund. Upcoming elections in Hollan »

Korea Takes Extra Stimulus

10/09/2012 15:44

• Europe Trades Flat
• USA Sneezes – Asia Catches Cold
• One To Watch: USDJPY

Forex traders have seen Europe’s stock markets flat today. London's FTSE 100 index is down 0.04percent, Frankfurt's DAX 30 has edged up 0.1percent, Paris' CAC 40 rose 0.07percent, Italy's MIB sl »

Draghi Boldly Goes

10/09/2012 09:09

• A Week Of Event Risk In Europe
• Germans On The Starboard Bow
• Beam Me Up

I wonder if any forex traders out there have noticed a certain search engine’s landing page has been paying homage to the 46th anniversary of Star Trek? Sadly, from my research (40 seconds on Go »

Gold Shines On QE3 Hopes

07/09/2012 16:58

• Downbeat Jobs Data Weighs Heavy
• Gold Break $1700
• Analysts Remain Bullish On Bullion

Gold continued to make steady gains in the wake of disappointing jobs data from the US which ensured that the prospect of QE remained firmly on the table. Investors watched as gold prices rose to the »

Cable Strengthening

07/09/2012 16:53

• GBP/USD Edges Above1.6020
• Sterling Remains Un-phased By UK Industrial Output Upturn
• Fed FMOC Now Eyed

Forex traders saw the GBP hit a three-and-a-half-month high against the dollar today, tracking gains in the euro against the safe-haven greenback in the wake of Draghi’s plan to lower soaring eu »

Great Britain Gets An Olympic Boost

07/09/2012 14:11

• UK Industrial Productivity At 25-Year High
• Sterling Stays Still
• Germany Also enjoys An Output Uptick

Some bright news for the UK as we head for the weekend. According to the Office of National Statistics (ONS), the country has seen its fastest industrial output since 1987. Whether or not this signals »

US Non-Farm Payrolls Comes In Below Expectation

07/09/2012 13:44

ForexSpace.com (LONDON) - US non-farm payrolls rose less-than-expected last month, data from the US Department of Labour showed Friday. The figure for August rose to a seasonally adjusted 96K, from 1 »

Oil Advances On Upbeat NFP Hopes

07/09/2012 13:19

• Oil At $95.72
• NFP Estimates Revised Upward
• Oil Prices Likely To Face Cap, Analysts Warn

Crude oil futures continued to flourish ahead of today’s nonfarm payrolls data. Contrary to forecasts earlier in the week, the number of jobs added to the economy in August is expected to c »

Asian Markets Rally On ECB Promise

07/09/2012 11:14

• Draghi Renews Euro Vow
• Asian Stocks Soar
• Analysts Bullish On Short-Term Prospects

Following European President Mario Draghi’s decision to renew his vow to save the single currency, markets across the globe received a boost. Aside from the immediate benefit to EU countries in »

For better, For Worse… Richer Or Poorer!

07/09/2012 09:52

• Draghi Unleashes His Big Bazooka
• Euro Stands Proud
• No Promises Though Of A Happy Ending!

I like a good love story, don’t you? Especially one which ends in a wedding. Ahh… bless! Thus, forex traders lined up on their sofas along with the rest of us yesterday, hankies at the re »

Latest US Job Figures Surprise

06/09/2012 16:07

• New Claimants Down
• Weak Non-Farms Eyed
• Fed Easing Still In The Frame

New data just out of the United States suggests there were fewer new applications for unemployment benefits last week. Also, a private survey conducted by payroll provider ADP showed North American bu »

Gold Hits Half-Year High On ECB Promise

06/09/2012 15:35

• Bullion Hits Six-Month High
• Stock Markets Rally
• Analysts Eye $1900 For Q3

Gold prices leaped to six-month highs Thursday, clinging onto gains made before the European Central Bank (ECB) announced its decision to keep interest rates on hold. Gold, which generally moves in o »

Draghi ‘Thinks With His Head’

06/09/2012 15:20

• Draghi Drags It Out
• Euro Surrendered Gains Against The USD
• "I am what I am"

The European Central Bank announced a new bond-buying programme this afternoon to lower struggling euro zone countries' borrowing costs. As forex traders sat glued to their live feeds from the ECB pre »

High Frequency Traders Targeted By Electronic Broker ICAP’s New Regulations

06/09/2012 14:01

ICAP gives high frequency traders the heads up about its intention to remove the 5th decimal place on currency quotes alongside broad changes in the EBS platform, writes John Greener, Editor of&n »

Place Your Bets

06/09/2012 12:39

• ECB Zero Hour
• Draghi’s Golden Bullet – Lock And Load?
• Euro To Break Downtrend Line At 1.2655-65?

With just a couple of hours to go, City experts are split over whether the European Central Bank will cut its headline benchmark interest rate at today's meeting. Forex traders are similarly conflicte »

BoE – No Change

06/09/2012 12:21

•  UK Rates Held At 0.5 percent
• Sterling Flat
• ECB Still The main Event

Coming as news to no-one, especially wised-up forex traders, the bank of England has kept interest rates on hold at the historically low 0.5 percent, and its asset purchase target unchanged at £ »

Gloomy Forecast For August US Jobs Report

06/09/2012 12:04

• CNN Survey Reveals Downbeat Expectations
• Ten-Year Yields Fall
• All Eyes On Draghi

As men, women, children and forex traders across the globe prepare to hear the result of the European Central Bank’s deliberations, the limelight has temporarily been taken of the US and its fla »

One of THOSE Days!

06/09/2012 11:45

• The Morning Draghi’s On
• A Check-Up From The Neck Up!
• Euro/dollar Set For 1.27?

As reported earlier on forexspace.com, the attention of all market players today will be squarely focused on the ECB and what its head honcho Mario Draghi will say. Albeit we’ve already seen lea »

D-Day

06/09/2012 09:08

• Enter The Draghi
• Dare He Disappoint
• To Cut Or Not To Cut?

It all started about a month ago, when Mario Draghi declared “the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough”. Since then, the only thing »

USDCHF Flat From Yesterday’s Close – GCI Financial

06/09/2012 09:04

ForexSpace.com (LONDON) - The USDCHF failed to recover from yesterday’s close of 0.9560 Thursday, with both currencies suffering blows ahead of the ECB’s hotly anticipated announcement. A »

Heading For A Headache

05/09/2012 12:27

• Keep Taking The Tablets
• Euro Slips Against The Dollar
• Germany Falling

Just when the Spanish might be forgiven for turning to their medicine cabinets for a few extra aspirins, the country is about to impose new limits on the prescribing of drugs as part of health spendin »

Oil Slips On Widespread Concern

05/09/2012 12:04

• Oil Hits $114 A Barrel
• ECB Hopes Waning
• US Manufacturing, Supply Changes Game

Oil slipped to $114 a barrel Wednesday on worries over economic growth and whether the European Central Bank (ECB) will deliver on its promise to ‘do whatever it takes’ to save the euro co »

Euro Zone PMI Shakes Investors

05/09/2012 10:42

• Service And Business Activity Down
• German Decline Back On The Radar
• Markets Speculate Over Draghi’s Plans

As the markets gear up for another day of to-ing and fro-ing on the prospect for European Central Bank intervention this Thursday, further downbeat figures have emerged from the troubled economic regi »

Editor's Morning Forex Review: Objectivity Should Be The Objective

05/09/2012 09:19

• The Draghi’s Den
• Careful What You Wish For
• Beware Mirages

European Central Bank President Mario Draghi seems adamant that his organisation’s proposed purchase of short-term sovereign bonds avoids being in breach of European Union rules. Thus, market pa »

Weak US Manufacturing Growth Trend Continues

04/09/2012 16:33

• August PMI Sluggish
• US Hiring Remains Stagnant
• Sterling Trades Flat On Cable Charts

Forex traders have seen the US dollar trim gains against the euro this afternoon. The move has been largely driven by the release of the latest Markit Purchasing Managers (PMI) data that shows manufac »

A Case Of Fright AND Flight

04/09/2012 13:12

• Spanish Take their Money AND Run!
• Spain On The Brink
• Decision Time For Rajoy

As the first full week of European trading gets into its stride following last week’s curtailed August bank holiday break across the UK and its Continental neighbor, Spain has once again placed »

Manufacturing A Recovery?

04/09/2012 11:39

• Bricking It
• UK Recovery Stuck In The Stalls
• US Manufacturing PMI Next

The euro pushed higher against the dollar this morning, closing in on the two-month high hit last week. Forex traders ascribe the move as being supported by optimism that European Central Bank will un »

Chinese Facing A ‘Hard Landing’?

04/09/2012 10:48

• Chinese Manufacturing Hits Fresh Lows
• Growth Target Questioned
• Easing Prospects Under The Spotlight

A slowdown in China’s manufacturing PMI has renewed concerns about the underlying weakness of the world’s second largest economy. The main manufacturing PMI posted a figure below 50 for t »

Editor’s Morning Forex Review: Nice Work - If You Can Get It!

04/09/2012 08:37

• Light Volumes Ahead Of D-Day!
• Euro Holds Steady
• Risk Of Disappointment Gathers Pace

Yesterday, forex traders scrutinising their currency screens looked on as European markets wound down, making gains on a strange mood of optimism that gathered pace as Thursday’s ECB action - ak »

Copper Latest Commodity To Rally On Easing Hopes

03/09/2012 16:43

• Chinese PMI, Manufacturing Data Disappoints
• Investors Eye Further Easing From Beijing
• Economists Warn Over Unsustainable Commodity Price Rallies

Talk of looming easing measures continued to dominate trading Monday, but this time it was China’s economy under the microscope. Worries over the potential for the Chinese economy to flourish am »

Markets Await Their Very Own Clint Moment To Make Their Day!

03/09/2012 15:19

• Asia Gains – Opportunity Knocks
• US Jobs Still The Key
• As Clint Says, ‘Make My Day’!

The clarion call of Super-Mario to the rescue resounds ever more loudly in the lead-up to this coming Thursday. As to what forex traders should make of all this, I turned to my old mate, market analys »

UK Manufacturing Offers A Rare Glimmer Of Hope

03/09/2012 14:50

• PMI Surprises
• Dollar Takes A Holiday
• Sterling Moves Higher

Forex traders will have numbered amongst those cheered just a little by this morning’s bright spot of news in the form of the UK’s manufacturing data. The latest print shows the country&rs »

Editor’s Morning Forex Review: Trading The Week Ahead

03/09/2012 07:47

• Draghi Draws The Crowd
• US Employment Data Eyed
• Room For Risk

Last week drew to a close with the market trying to get a handle on Ben Bernanke’s Jackson Hole speech. As the Fed boss’s words made the rounds, forex traders saw the US dollar pare back s »

Jackson Hole LIVE BLOG

31/08/2012 14:58

Just a few minutes to go until Benjamin Bernake makes his hotly anicipated speech at the Jackson Hole Symposium. There is no live feed for the event - and journos have to pay the princely sum of $900 »

Euro Zone Inflation Casts Doubt On ECB Interest Rate Cut

31/08/2012 12:19

• Inflation Up For First Time In Three Months
• Rising Energy Prices Blamed
• ECB Interest Rate Cut Questioned

Euro zone inflation rose more than expected in August, data showed Friday. Investors are now feeling increasingly downbeat about the prospect of any interest rate cut from the ECB at next week’s »

Jackson Hole: 'Prepare For Disappointment' - Top UBS Analyst

31/08/2012 10:48

As the countdown to Benjamin Bernanke's speech at the Jackson Hole Symposium begins in earnest, some analysts are feeling increasingly pessimistic about the prospect of seeing any easing hints. Big B »

German Economy Losing Steam?

31/08/2012 10:15

• German Unemployment Up 9k
• Euro Little Changed On Currency Charts
• Concern Extends Beyond Jobs

The euro zone has posted data regarding German unemployment which, despite the Jackson Hole chatter continuing to dominate headlines, is bad enough not to be overlooked. Germany reported its fif »

Peering In To Jackson Hole

31/08/2012 09:03

• Fed Boss Takes The Limelight
• EZ Still The Elephant In The Room
• One To Watch: USDJPY

Hurray - it’s the end of the week; the waiting’s over. After days of speculation... will he, won’t he... Ben Bernanke gives us the nod in regard to the Federal Reserve’s stance »

Dollar Higher Ahead Of Bernanke Speech

30/08/2012 17:39

• EURUSD Slips To 1.2498
• Sentiment Yo-Yos Ahead Of Speech
• Analysts Downbeat About Easing Promise

The dollar pushed higher late Thursday ahead of a speech by Federal Reserve Chairman which investors will be expecting to deliver clues about central bank’s easing intentions. The EURUSD has no »

CBI Cuts 2012 Growth Forecast

30/08/2012 13:58

• Organisation Slashes GDP Prediction
• Some Improvement Expected Late 2012 and 2013
• Housing Key To Stimulating Growth

The Confederation of Business Industry (CBI) has slashed its gross domestic product growth forecast for 2012 from the 0.6 percent predicted in May to 0.3 percent. The revised forecast reflects the wo »

Volatility Under “Stranglehold” Ahead Of Jackson Hole

29/08/2012 15:39

• US Q2 GDP Data Fails To Impress
• Market Struggles To Make Progress
• Experts Lower Expectations

Markets Wednesday remained preoccupied with Jackson Hole, with US GDP figures for the second quarter doing little to settle nerves or make up minds ahead of the big day. Gross domestic product expand »

Draghi Walks The Line!

29/08/2012 14:44

• Not Goin’ To Jackson
• One Piece At A Time
• A Boy Named EU!

In yet another example of the markets held in limbo ahead of Friday’s Jackson Hole shindig, gilt futures traded broadly today as investors bided their time alongside forex traders in anticipatio »

Oil Drops On Isaac Reality

29/08/2012 12:04

• Oil Prices Down From Weekly High
• Storm Isaac Damage Limited
• IEA On Stand-By

As the tropical storm clouds of Isaac gathered along the Gulf Coast, the price of oil soared before the impending natural disaster had so much as scratched refineries. Come Tuesday, the anticipated d »

Afternoon Tease

29/08/2012 11:55

• EUR/USD Flirts With 1.5800
• €31.5 Billion In The Bag?
• Draghi Teases The Market… Again!

Forex traders witnessed cable survive a test of critical support yesterday. But as volatility is likely to heat up in coming weeks, the pair may not be so lucky next time around. Having tested below t »

Panic Spreads As Spanish Outflows Smash Records

29/08/2012 10:38

• July Outflows Double Monthly Record
• Spanish Economy In Jeopardy
• Euro Buoyed By Auction

After revealing the astronomical sums of cash required to bail out its regions to varying degrees, Spain has truly marked itself out as euro zone basket case to give Greece a run for its Drachma. Cat »

Editor’s Morning Forex Review. More Fun And Games

29/08/2012 08:56

• Euro/dollar Targets 1.27
• Inertia Grinds to A Halt!
• All Hail The Paralympic Effect

This is the last week of summer. And as the 2012 Paralympics gets underway in London with the opening ceremony tonight, offering arguably the most inspirational example of the indomitability of the hu »

EUR/USD Trading In The 1.2550/55 zone

28/08/2012 15:22

• Fitch Singles Out The Fiscal Cliff
• Euro/dollar touches 1.2561
• Peering Into Jackson Hole

Cable notch a daily high on currency charts this afternoon, hitting 1.5800  prior to the Fitch Ratings agency disclosure that the US’s AAA status remained questionable. Forex traders won&rs »

In Out – Shake It All About

28/08/2012 13:26

• Draghi Digs Himself Out Of The Hole
• Gold And Copper Rally Hand-In-Hand
• QE – Que?

Attracting more attention than Prince Harry’s regal naked bottom this week – certainly for traders of currency and commodity – is the Jackson Hole conference on Friday.  Not lea »

Draghi Drags His Feet

28/08/2012 13:12

• ECB Boss Jumps Out Of Hole
• Euro Gets Going
• EURGBP Price Action

The European single currency scarcely moved in Asian trade today. Forex traders seeing the EUR becalmed near this week's lows, also noted the Aussie hitting a fresh five-week low on fears about the de »

Aussie Down Under

28/08/2012 10:52

• Aussie Dips Below 1.0360
• Faith In US Intervention Wanes
• Eyes On US, China For Bullish Cues

The Australian dollar took a dive late Tuesday as the graveness of the global financial situation began to take a toll on investor optimism. Spanish GDP, which was revealed to be languishing below exp »

A Hole Lot Of Shaking Goin’ On!

28/08/2012 09:13

* USD Remains In Limbo

* Central Bankers Of the World Unite

* Euro Zone Still Has The Potential To Scupper the Markets

Forex traders can expect another few days of relative limbo ahead of this Friday’s main event taking place at the prosaically named Jackson Hole. The meeting of the world’s most influentia »

Editor’s Morning Forex Review: Euro-Land Of Make Believe

28/08/2012 08:47

•  The Global Implications Of The Euro
• History Repeating Itself
• Mea Culpa

World leaders must be spending more time fretting about the euro zone crisis than practically any other issue these days. That said, wised up forex traders might be a bit surprised at President Obama, »

Pleas Talks

24/08/2012 16:21

• EUR/USD In Decline
• Merkel Talks Riddles
• Samaras Looks Glum

The euro has finished the week on a subdued note. Despite Angela Merkel’s attempt at some uplifting words after her meeting with Greek PM Antonis Samaras, her colleague, German CDU leader Kauder »

Euro Retraces Gains On German Comments

24/08/2012 13:01

• Merkel/Samaras get Down To Business
• EUR/USD Intensify Its Fall
• Psych Level In Sight

The meeting between Angela Merkel and Greek PM Samaras has ended. Speaking afterwards at a press conference, Mrs Merkel said she's convinced that Greece’s government is doing all possible to sol »

UK GDP Revised to 0.5 Percent

24/08/2012 09:42

• UK GDP In Line With Expectations At 0.5 Percent
• Pound Thrives On Upbeat Data
• ...But UK Still In Recessionary Territory

In line with expectations, Britain’s GDP has been revised down from the previous estimate of a 0.7 percent contraction. The figure for betweenApril and June now stands at 0.5 percent. Grow »

A Right-Angela’d Triangle Of A Day

24/08/2012 09:19

• Grexit Still haunts The Markets
• How Much Is Enough?
• Is The World Ready For A Second Iron Lady?

Forex traders will be relieved to know I have been trawling the online news-sites for a take on the next episode of Mission Impossible - aka Avoid A Grexit And Save The Euro, with which to regale you. »

Desert Island Risks

23/08/2012 17:11

• An Island For A Hedge
• I Own Ionia
• To Hellenic And Back

Here’s something to keep forex traders’ interest at the end of another day scrutinising the currency screens for signs of life. If you have a bit of loose change to hand, or a few hundred »

British Shoppers Lose their Mo-Jo!

23/08/2012 16:23

• Olympic Effect Fails To Perform
• Sterling Holding The bend
• Greenback Stuck In The Blocks

After yesterday’s cable market consolidation which, as forex traders saw, rallied sharply with the USD selling in the wake of the FOMC Minutes, today has seen the pair taking a breather. The 38. »

‘Home Sweet New Home’ For The US

23/08/2012 16:07

• New Home Sales Up 3.6 Percent
• Home Prices Fall
• Dovish Outlook Weighs On Dollar

New home sales in America rose more-than-expected in July, while home prices themselves fell. The figures are the latest in a string of confusing data from the US which has provided mixed signals over »

Going A-Roving

23/08/2012 14:29

• Euro Hits Seven-Week High Against USD
• FOMC Lets The Bull Loose
• Greenback Down Across The Board

As the culmination of a 352-million-mile trip, it was a pretty modest test drive. Trundling forward just 15 feet over the red dust of Mars, turning 120 degrees on its own axis before backing up about »

“Grexit Would Be Devastating” – Greek PM

23/08/2012 12:52

• Samaras Speaks To Shore Up Extension Request
• EUR/USD Buoyed Despite Can-Kicking
• Euro Stable At 1.2556

After demanding more time to implement the spending cuts desperately needed to salvage the Greek economy, PM Antonis Samaras now appears to be forcing the request through with some tough talk. Speaki »

FOMC Minutes Shock Traders

23/08/2012 10:50

• Minutes Emerge More Dovish-Than-Expected
• Dollar Drops Against Most Major Peers
• Caution Advised Over Easing Expectations

Traders and analysts Thursday morning were faced with the tough challenge of digesting surprising FOMC minutes amid downbeat euro zone PMI data and catastrophic Chinese manufacturing figures. The det »

Euro Zone PMI Data Disappoints

23/08/2012 09:31

• Euro Zone PMI Contract For Seventh Month
• German Service PMI Hits Three-Year Low
• Euro Outlook Bearish

Germany has posted its weakest monthly private sector performance in three years, according to data from Markit. Analyst consensus before the reading was for a drop to 50.0 points from the previous m »

Whine and Pleas

23/08/2012 08:58

• Buyers And Cellars
• Happy Returns
• Red, White And Blue

What with rate rigging, the payment protection racket and pursuing a bunch of Bankstas, one might have imagined the FSA would have had plenty to be getting on with. But not so. While forex traders po »

A Silver Lining For Precious Metals?

22/08/2012 16:26

• Gold Prices Flatten Ahead Of Fed Data
• Palladium Strike Fear Pushes Precious Prices
• Barratt’s Bulletin Analysts Bullish On Silver

As the markets await word on the state of play from across the pond via the release of FOMC minute due out later this evening, we shine a light on the prospects for precious metals. Gold Eyed Ahead o »

Anyone Got An Aspirin?

22/08/2012 15:14

• Anyone For Vecksler?
• Eurodollar – Yet More Chatter
• FOMC Minutes Awaited With Baited Yawns

Do you, dear forex trader, ever find yourself feeling a tad Veksler? What’s that, then, do I hear you ask? Before I share with you the precise meaning of this new adjective, first spare a though »

FOMC Minutes Awaited

22/08/2012 12:33

• Greenback Trading Strongly Ahead Of The FOMC
• Cable Ahead Of The Pack
• Weak US Data Falling On Deaf Ears

The GBP managed to reach a three-month high against the dollar this morning, pushing forward with the previous day’s gains on suddenly rejuvenated optimism that the ECB stands on the brink of &n »

Copper Bottoms On Japanese Data; ECB Fears

22/08/2012 11:53

• Copper Retreats With Global Stocks
• Japan Deficit Posts At Over 500bn
• ECB Faith Wanes

Accompanied by stocks the world over, copper retreated in the face of Japan’s broadening trade deficit. The metal fell 0.4 percent to $7,578 a metric ton on the London Metal Exchange in the wak »

Oil Advances On Supply Concern; FOMC Minutes Eyed

22/08/2012 10:14

• Oil Reaches $96.93 in Bangkok
• Goldman Sachs Analysts Bullish
• FOMC Minutes: Mixed Outlook

Oil prices jumped Wednesday as supply problems and increasing tensions in the Middle East looked set to underline crude prices further. The gains come off the back of Tuesday’s crude advance on »

CHINA: HANDLE WITH CARE

22/08/2012 09:03

• The Mother Of All Asset Bubbles
• Is China Facing Its Own ‘Lost Decade’?
• China Bulls - Bear Necessities!

Four years on from Beijing’s successful if somewhat authoritarian hosting of the Olympic Games, China has been hitting the headlines... mostly for the wrong reasons. From its squandered Olympic »

Time To Get Bullish On Bullion

21/08/2012 16:09

• U.S. QE3 Expectations Fading
• Commodities Rally Broadly
• Eyes On September Meeting

The renewed promise of salvation for euro zone nations drowning in debt, combined with waning QE3 expectations, have sparked a commodities rally which has sent oil and gold up charts. Benchmark oil f »

UK MANUFACTURERS REPORT WEAKENING

21/08/2012 14:53

• CBI TURNING THE SCREWS
• EXPORTS DETERIORATE
• CABLE LOSES STEAM 

In what turned out to be a pretty pro-risk morning across the currency and other markets, forex traders have seen the GBP finding some direction amid conditions far from favourable to the USD, while t »

Loonie Tunes: Or Madness Gone Politically Correct!

21/08/2012 12:55

• Canadian Economy In Better Shape Than Many
• CAD Posts Healthy Gains Vs The USD
• BoC Boss Holds Up His Hands

The Canadian dollar held close to its strongest level in more than three months thanks largely to improved economic growth prospects and growing optimism over the euro zone moving closer to curbing it »

RBA Minutes Buoy Appetite For Tasman Currencies

21/08/2012 12:34

• Aussie Breaks 1.05 Resistance
• Kiwi Up O.5 Percent
• Investors Eager For Governor Speech

The euro zone may continue to divert attention from some of its less precarious peers, but an announcement from the Reserve Bank of Australia (RBA) succeeded in stealing the limelight earlier in the A »

UK’S PLAN A - ‘MORE HOLES THAN A SWISS CHEESE’!

21/08/2012 11:49

• UK Public Sector Finances Up The Creek
• Sterling Paddles Up-River
• Osborne Feels The Draft

Forex traders saw the EUR/GBP execute an impressive upside leap after optimistic comments by ratings agency Fitch’s head of sovereign debt, David Riley, saying the ECB may be willing to act with »

Euro Holds Steady In Asian Session

21/08/2012 09:32

• Single Currency Vulnerable To Doubts
• Can Germany Calm The Markets?
• Storm Brewing?

In Asian trading, euro/dollar has been staging a rally ahead of the European opening, while futures for the DAX 30 and French CAC 40 edge higher, and the pair keeps on extending gains. Forex traders s »

Editor’s Morning Forex Review: A Curate’s Egg Of A Business

21/08/2012 00:00

• Markets Remain Un-Eggcited
• Euro Hard Boiled At 1.24 Against The USD
• Greek Chickens Coming Home To Roost

As any forex trader conversant with late-nineteenth-century cartoons will know, the expression "curate's egg" describes something that is at least partly bad, but with some arguably redeeming features »

GBP moves to a two-and-a-half-week high

16/08/2012 16:48

• GBP Hits $1.5739
• Extension of BoE QE?
• Sterling Steady Versus The Euro 

A mixture of upbeat UK retail sales data and a newly-published survey suggesting that Britain’s economy should grow by a whopping 0.7 percent in Q3, sent sterling to more than a two-week high ag »

EUR/USD soars towards 1.2330

16/08/2012 14:36

ForexSpace.com (LONDON) – The euro has a head of steam following the release of U.S. data, including a weekly labour market report which came in softer than hoped.Initial jobless claims have ris »

USD/JPY on the way back to 79.36 high

16/08/2012 14:20

• Greenback Soars On Stop-Loss Buying
• 79.50 Unlikely
• Sunrise For The U.S. Economy, Or False Dawn?

As the corrective movement from the USD/JPY’s latest upside to 79.36 high appears to have run out of puff at a 79.13 session low, forex traders will be looking to get the pair into recovery mode »

USD/JPY at 1-month high on rising U.S. yields

16/08/2012 12:51

ForexSpace.com (LONDON) – The dollar rose to a one-month high against the yen today, extending gains after recent upbeat U.S. data pushed Treasury yields higher and cooled expectations of furthe »

GBP/USD Pushes At The 1.5700 Door

16/08/2012 12:43

ForexSpace.com (LONDON) – After a flirting with a 45-pip spike, GBP/USD has retreated from its session high of 1.5715 during early European trading. The uptick occurred as a direct consequence o »

UK retail sales notch up an Olympian gold medal performance

16/08/2012 12:29

• Britain Runs To The Shops  
• Sterling Sprints Ahead
• GBP/USD High Jumps A 45-Pip Spike

For forex traders especially interested in sterling, yesterday’s big news hinting at the likelihood of more QE coming from the Bank of England gave us something to get our teeth into. Sterling f »

Beijing hints at monetary easing as Chinese growth stalls

16/08/2012 10:40

• Wen’s Warning
• Hard Landing Here Already?
• Yuan Set For Further Fluctuations

The uncertainty that surrounds China's jobs market will become "more complex and severe," the country's premier has warned. Speaking yesterday, Wen Jiabao said his country’s economy (the world&r »

Editor’s Forex Morning Review: Go Figure…

16/08/2012 09:38

• UK Employment: So That’s All Good Then!
• Rose-Tinted Speculators
• Sterling On A Roll

Forex traders far and wide know that sterling has been one of the best performing majors so far this week. And yesterday proved yet again that the markets are eager to rally on the slightest whiff of »

That’s Another Fine Mess…!

15/08/2012 16:05

• U.S. Econ Still Grinding Along The Floor
• USD/JPY – Heading Higher Still?
• Fetch The Fire Axe!

At today’s stateside opening bell, forex traders saw the greenback touch a 1-month high versus the JPY on the coat-tails of yesterday’s impressive U.S. retail sales report which looks to h »

GBP/USD @ 1.5700 on US data

15/08/2012 14:36

ForexSpace.com (LONDON) – The British pound is continuing below the key resistance at 1.5700 in the wake of data out of the U.S. showing the world’s largest economy’s inflation figur »

USD/JPY eyes 1-month high ahead of U.S. data

15/08/2012 12:58

ForexSpace.com (LONDON) - The U.S. dollar has soared to a 1-month high against the Japanese yen after yesterday's sturdy US retail sales report closed the door, at least for the time being, on any fur »

All Eyes On The U.S.

15/08/2012 12:35

• Industrial Production Data On The Horizon
• Bread Basket-Case
• Will The Euro Go To 1.2350 against Greenback?

After the markets got their teeth into yesterday’s encouraging US retail sales figures, forex traders et al will be watching today to see if the United States can rise to the occasion for a seco »

Defying Gravity!

15/08/2012 11:47

• Is Greece Looking For A Loan Deferment?
• BoE Voted Unanimously To Keep Borrow Rate Unchanged
• UK Jobs Enjoy An ‘Olympic Effect’

Forex traders expecting a lively day from the euro zone have not been disappointed so far this morning. The Financial Times this morning is reporting that Greece is looking for a two year extension to »

Asia sees risk currencies in tight ranges to the downside

15/08/2012 09:39

• Broader Risk-Off Sentiment Dominates
• Asian Tiger Vulnerable To Unforeseen Events
• AUDUSD Scrabbles For Traction

Early-bird forex traders will have seen, once again, Asia consolidate the overnight currency moves, only this time in a downwards direction. As the euro slipped lower after the European trading sessio »

Editor’s Morning Forex Review: Special Reserve

15/08/2012 09:33

• We’re Off To See The Wizard
• Rehn And Scrimpy
• All Hail The Eternal Dollar

Forex traders saw yesterday’s session wrapped up with the words of EU Economic and Monetary Affairs Commissioner Olli Rehn. The European Union and European Central Bank stand ready to act on the »

Trading Stronger U.S. Data

14/08/2012 16:06

• A Curate’s Egg For Risk
• Heads And Tails
• USDJPY Rallying

Forex traders with an eye on stock benchmarks have seen indices adding to recent gains in early U.S. trading. Investors have taken kindly to a slew of relatively healthy data, easing concerns about th »

NZD/USD sky-dives to 0.8070

14/08/2012 15:00

ForexSpace.com (LONDON) - Having started the day with some decent advances during Asian trading, NZD/USD pair capitulated in the aftermath of better-than-expected Retail Sales figures from the United »

U.S. Data Lift The Gloom… For Now

14/08/2012 14:57

• Americans Buying Themselves Out Of Trouble
• EUR/USD Back Near 1.2325 Asia Lows
• Dollar/Yen At One-Month Session High

After a mixed bag of data this morning, notably confounding predications in the euro zone with better than forecast German indicators showing the EU’s economic powerhouse grew more than expected »

EUR/JPY retraces to 97.00

14/08/2012 14:23

ForexSpace.com (LONDON) - The EUR/JPY upside was capped at 97.32 after the German and French GDP data. The pair then went for a dive towards the 97.00 sentiment region as the euro zone’s outlook »

A Mixed Bag Of A Morning

14/08/2012 13:20

• Data Gets The Markets Moving
• Germany: Investor Confidence Declines
• Risk Currencies Looking Up

After yesterday’s sluggish start to the week, forex traders have seen plenty of activity today with the release of some key economic data. None perhaps more important that the July figure for U. »

UK CPI rises in July

14/08/2012 11:47

• Experts Taken By Surprise At Weak UK Data
• Pound And Euro Remain Locked In A Race To The Bottom
• BoE’s Dovish Stance Unlikely To Shift

Hard on the heels of this morning’s euro zone GDP figures, showing the single currency bloc’s second quarter growth contracted 0.2 percent, forex traders now have the chance to ponder the »

Editor’s Forex Morning Review: Starve An Olympic Fever - Feed A Realty Cold!

14/08/2012 09:33

• Back To The Real World
• Euro Zone: Another Day Of reckoning
• USDCHF Eyed

So… now that we no longer have to pretend we know what £9 billion-worth of repercharge might be, or the intricacies of scoring a yacht race, or who Jessie J apparently is (without fear of »

Chinese Yuan Down On Downbeat Trade Data

10/08/2012 12:24

• Yuan Hits 6.3600 Vs. Dollar
• Trade Data Disappoints
• Risk Sentiment Under Pressure

The Chinese yuan tumbled against the dollar late in Friday’s Asian session, in a move which broke its three-day winning streak. Concerns over the state of the Chinese economy were heightened by »

PPI Disappointment For GB

10/08/2012 10:42

• Pound Under Pressure
• PPI Disappoints Expectations
• Experst Advise Against European Equites

Today marks the last working day for the London Olympics, signalling the last chance saloon for would-be medalists across the globe. But while Olympic fever reaches a climax in the capital city ahead »

U.S. Recovery Back On Track?

09/08/2012 15:23

• U.S. Recovery Shows Promise
• Jobless Claims Down by 6k
• Trade Deficit Hits Record Low

On the fifth anniversary of a credit crisis that has brought some of the world’s largest economies to their knees, the U.S. has posted some promising signs of life. According to reports from th »

Bullish Oil Outlook; Buy In Dips – Commerzbank Analysts Advise

09/08/2012 13:04

• Chinese Stimulus Hopes Bolsters Prices
• Output Concerns Linger
• Bullish Outlook From Most Quarters

Oil prices maintained a steady flow up commodities charts Thursday, with market sentiment lifted by disappointing data from China, which raised hopes of further stimulus measures in the second largest »

DATA WEIGHS HEAVILY

09/08/2012 11:13

• UK Trade Deficit Widens
• Cable Stabilised
• Euro/Yen Takes A Tumble

Forex traders expecting a quieter morning on the data front today have just gotten a rude awakening! First up, figures just released by the UK Office for National Statistics (ONS) show Britain’s »

Soft Chinese Inflation Spurs On Risk Sentiment

09/08/2012 10:52

• Growth At Three-Year Low
• Experts Say Easing On The Cards
• Commodity Currencies Gain

Data out this morning concerning the state of the Chinese economy has cleared a path for further stimulus measures in the world’s second largest economy. Growth fell to a three-year low of 7.6 »

No Hip-Hooray For The ‘In The Red’ Letter Day!

09/08/2012 08:54

• Five Years On
• Crunch Time… And Then Some
• Keep On Truckin’, And Hang On To The Ice Bucket

Today marks exactly five years since the beginning of the credit crisis. But it’s unlikely that forex traders (or anyone else for that matter) will be popping the Champagne corks. The very datel »

Sterling Effort All Round

08/08/2012 14:35

• King For A Day
• Sterling Enjoys Its Lunch
• Further QE More Likely?

A three-day rally on world equity markets stalled today and the euro dipped as investors waited to ascertain the next moves by the world's major central banks to get to grips with declining global eco »

BoE: No Need To Rush

08/08/2012 12:23

• Sir Merv Swerves Again
• GBP/USD Remain Volatile
• Feel-Good Factor Fails To Flourish!

Set against a backdrop of today’s German industrial production figures which show an alarming drop of 0.9 percent in June from previous month, and Spanish industrial output falling during the sa »

Copper Bottoms After Earlier Rally

08/08/2012 11:59

• Copper Slips 0.70 Percent On Charts
• Investors Consider Easing Promise
• Gold Up – But How Long Investors Will Wait For Action?

Copper faltered on commodities charts Wednesday, dipping in the wake of a rally that pushed prices to one-week high. Three-month copper on the London Metal Exchange had slipped 0.79 percent to $7,520 »

Editor’s Morning Forex Review: How Low Can They Go?

08/08/2012 08:46

• The ‘Old Lady’ Lifts Her Skirts!
• Euro struggling above 1.24
• The AUD Eye's 2012 Highs

Yesterday’s markets finished on an almost tranquil day. At the US session’s closing bell, apart from the ‘little local difficulty’ surrounding Standard Chartered, forex traders »

Crude Oil - City Index Analysts Favour Long Positions

07/08/2012 16:56

ForexSpace.com (LONDON) - Crude oil notched up gains Tuesday with traders looking towards potential supply issues for direction. Light, sweet crude for delivery in September was up 0.8 percent on the »

Emerging Currencies Reap U.S. Jobs Rewards

07/08/2012 16:26

• Risk Appetite Feeds Emerging Markets
• Won Leads Monday Gains
• LatAm Currencies Bouyed By Domestic Factors

ForexSpace.com (LONDON) - Emerging-market currencies kicked off the week as some of the biggest winners, after they managed to cling on to gains made off the back of better-then-expected U.S. jobs dat »

Gold Boosted By ECB, Fed Optimism

07/08/2012 13:16

• Gold Up 0.1 Percent
• Investors Eye Promised ECB Action
• Citigroup Warns Over Dollar Dependent Gains

Gold prices rose further Tuesday, bolstered by investor optimism over European Central Bank plans to ease borrowing costs for Spain and Italy and deliver on a promise to “preserve the euro&rdquo »

Turning Japanese

07/08/2012 12:02

• Germany Stalling
• Italy Falling
• BoJ - Overhauling?

Hard on this morning’s heels showing that Britain’s manufacturing production fell less than expected in the month of June, data just out on German paints a less rosy picture. Forex traders »

Nomura Mister Nice Guy?!

07/08/2012 11:03

• The Knives Are Out!
• No Smoke Without Fire?
• Euro/dollar Tests The Psych Sych Level

Whilst the UK's top share index advanced today, looking set for its third straight day of gains on the coat-tails of the ECB’s plan that could see it move boldly in September to calm the euro zo »

UK Manufacturing Confounds Expectations; Concerns Linger

07/08/2012 10:04

• UK Manufacturing Production Falls 2.9 Percent
• Analyst Predictions Beaten 
• All Eyes On BoE

Data out Tuesday showed that manufacturing production in the U.K. fell less than expected in the month of June. The report from the Office for National Statistics said that production fell by a seaso »

Editor’s Morning Forex Review: Cyprus Sails Close To The Wind

07/08/2012 09:01

• A Chip Off The Bloc
• Cementing The Euro’s Future
• Medalling Through

Perhaps not featuring on forex traders’ radar screens so vividly as, say, Greece - nor indeed Spain or Italy et al - the small island nation of Cyprus is nonetheless symptomatic of the wider mal »

Dollar Gets Going… ish

06/08/2012 16:37

• The Long And Winding Road… To Econ Growth
• Bernanke – Just An Old-Fashioned Caring Kinda Guy
• Markets In Limbo

U.S. stock index futures edged up today as international creditors made progress following a visit to Greece, adding to last week's plans from the ECB to trim borrowing costs in Spain and Italy. Howev »

Gold Up On Q.E. Hopes

06/08/2012 13:23

• Gold Continues Climb Up Commodity Charts
• Bullion Up $20 Since Friday Open
• Commodities Broadly Up

Gold has had more than its fair share of international headlines over the past week. Having watched athletes collect gold medals aplenty, the precious metal is so ingrained in the consciousness of the »

Swissy Shines On Upbeat U.S. Data, Euro Zone Strife

06/08/2012 10:15

• Monday Sees Swissy Gains Extended
• U.S. Data Lifts Risk-Appetite
• Dollar Set To Deteriorate Further

The USD/CHF continue its ascent up currency charts Monday with bolstered risk appetite helping the Swissy to build gains made Friday. Positive jobs data showed that US employers hired the most worker »

Editor’s Morning Forex Review: Bring On The Risk

06/08/2012 08:48

• Euro Rallies
• Sterling Extends Gains
• EUR/USD Likely To Manage 1.2218

As markets last week spluttered exhaustedly to an end - like a marathon runner crossing the line after a particularly arduous 26 miles - fx  traders went into the weekend somewhat weak at the kne »

Oil Floats On U.S. Jobs Data

03/08/2012 16:28

• Oil On Course For Biggest Weekly Gains In Two Weeks
• Supply Issues Provide Support
• Outlook Remains Bearish

Following Friday’s shock U.S. NFP jobs data which showed 63k more Americans than expected found work in July, crude oil futures rose. The positive data buoyed investor hope about the prosp »

U.S. Labour Market Stabilises

03/08/2012 15:32

• Cue The main Course: A Curate’s Egg!
• Addicted To The Sniff Of Money Printing
• A Small Helping Of Risk-Appetite 

UK stocks surged this afternoon as mixed U.S. non-farm payrolls lifted expectations of more stimulus action from the Federal Reserve. The data showed the world’s powerhouse economy created 163,0 »

Gold Prices Buoyed By NFP Concern

03/08/2012 12:41

• Investors Anticipate Downbeat Data
• Gold Up 0.3 Percent
• Commodities Still On Shaky Ground

Gold prices were bolstered Friday morning, as speculation over weaker-than-expected U.S. non-farm payrolls jobs data began dominating markets. The initial expectation for 100k jobs to be added has wa »

U.S. Non-Farms In The Frame

03/08/2012 11:56

• All Eyes On The FOMC
• Greenback Expected To Strengthen
• That Was A Week That Was!

While forex traders wait to see if rumours gaining traction across the markets that the Spanish government is going to have an unscheduled press conference in which the crushingly indebted nation will »

NFP Jobs Data: What Can We Expect?

03/08/2012 10:18

• Jobs Data Weighs On QE Hopes
• Analysts Bullish On Greenback
• How To Trade The Data

Forex traders and brokers may still be reeling from the events of Not-So-Super Thursday, with Draghi disappointing expectant markets who were preparing for a round of ECB easing action. But today wil »

Editor’s Morning Forex Review: Draghi Fails To Unleash His Big Bazooka !

03/08/2012 09:03

• Draghi Dragged It Out
• Euro Weakness To Persist?
• EZ: Where To From Here?

‘Tsch,’ tutted a woman close to me as Mario Draghi’s press conference fizzled flaccidly to a close: ‘typical of a man; promised us a good time, and then couldn’t get it u »

ECB Disappoints – But “What Matters Is Tomorrow”, Say Analysts

02/08/2012 15:47

• No ECB Measure To Take Immediate Effect
• Stock Markets Sink
• Future Impact More Telling

Forex traders feverishly trying to digest the past few hours are now seeing trading has been suspended on some Italian bank stocks following the heavy sell-off. The euro is coming under ever more pres »

So… Where’s The Beef?

02/08/2012 15:42

• Draghi Fails To Make Our Day
• Never The Twain!
• Clear As Mud

Well, it was Mario’s big moment – and he blew it! Or rather, given the build-up, almost entirely engendered from his own rhetoric last week in London that the ECB would do "whatever it tak »

Sterling Holds Steady

02/08/2012 12:42

• Merv Swerves
• BoE – No Change
• Next Up – ECB

The Bank of England has left the lending benchmark at 0.5 percent and held the Asset Purchase Programme at £375 billion. Forex traders will not be surprised, as this was pretty in line with mark »

AUD/USD To Face Tough Resistance

02/08/2012 12:13

• More Upbeat Aussie Data
• Resistance Set At 1.0583
• RBA Rate Cut In The Balance

Pushing on with its seemingly irrepressible winning streak, Australia reported a 1 percent rise in monthly retail sales figures Thursday.  Despite a minor dip on currency charts after disappoint »

USD/JPY Holds Gains Ahead Of ECB Decision

02/08/2012 10:53

• Greenback Stands Firm
• Risk Sentiment In The Balance
• Draghi Under The Spotlight

After notching up small gains against the yen Wednesday, the USD stood firm after the Fed. announced it would be holding back easing measures. The next FOMC meeting on the 31 August will now be doubl »

Editor’s Morning Forex Review: Crunch Time For The Euro

02/08/2012 09:43

• Big Ben Passes The Baton
• Euro Back Under The Cosh
• Bazooka At The Ready?

Let’s not kid ourselves; as forex traders will need no reminding, we are in a period of just two and half days - a confluence comprising two of the most important central bank meetings in a very »

Tenterhooks And Tentative Traders

01/08/2012 17:37

• Let’s Keep The party Going!
• Euro/dollar Eases But Remains Flat
• Beware The Runaway Train

U.S. stocks have opened higher today, buoyed by official figures showing the domestic labour market did better than predicted. Forex traders will also be aware of the mood of expectation surrounding t »

Turning Japanese

01/08/2012 15:57

• Thank You For Your Appreciation
• BoJ Intervention Arguments
• Hail The Weakening Yen – NOT!

Japanese FinMin Jun Azumi has shrugged off calls for the Bank of Japan to buy foreign bonds to help weaken the yen, insisting that any such action would breach the finance ministry's jurisdiction on e »

Gold Rally Loses Steam Ahead of Fed, ECB Decisions

01/08/2012 13:24

• Gold Loses Momentum
• Fed. Action In Serious Doubt
• ECB Intervention Rattles Investors

On the day when Britain manageD to garner its very first disc of the yellow stuff, gold halted its rally up commodities charts. The break in the precious metal’s ascent up charts began Tuesday a »

Sterling Feels The Heat

01/08/2012 12:29

• One Of THOSE Mornings!
• PMI Disappoints Across The Board
• All Eye Fixed Across The Pond

It’s already turning into another one of ‘those mornings’. Forex traders (awaiting the Fed and ECB for an indication of any price action) will have been distracted by news that manuf »

Risk-Appetite Buoys Aussie

01/08/2012 10:58

• AUD August Forecast Bullish
• Aussie Touches Record High Vs. EUR
• Aussie Attributes Shine Despite Commodity Dips

Buoyed by a revival of risk appetite, the Aussie looks set to improve on its July performance with bullish forecasts and unfavourable global conditions directing sentiment. Traditionally understood t »

Editor’s Morning Forex Review: Gore Blimey!

01/08/2012 09:57

• Draghi’s Drag On The Markets    
• Waiting For Direction From Central Bankers   
• USDJPY - One To Watch 

Yesterday’s European session spluttered to a close with the Greek Deputy FinMin’s warning words ringing in forex traders’ ears. Greece, said Christos Staikouras, is near-bankrupt and »

Analysts Speculate Over “Super Thursday”

31/07/2012 17:35

• All Eyes On FOMC Meet
• Will Mario Be Up To ‘Super Thursday’?
• Further “Verbal Intervention” At The Least

Tuesday marked the beginning of a two-day meeting of the FOMC; a stand-out event for traders in need of trading cues this week. But the upcoming week holds more in the way of major economic calendar e »

U.S. Today

31/07/2012 16:24

• Consumer Spending Flat-lining
• Joblessness Stagnant
• Obama Pushing String

Stock markets in America have opened flat, with the Dow Jones Industrial Average down 0.2 percent at 13,047.43, while the broader S&P 500 is a veritable pancake at 1,384.97. Latest figures from the Un »

JPY Summer Highs Eyed With Caution

31/07/2012 15:00

• Yen Down On Risk Sentiment
• Yen Summer Ascent On Horizon?
• FinMin Azumi Warns Over Action

The yen took a dive against most of its major peers Tuesday, with the likes of the dollar also dropping off the back of an upturn of risk appetite. Against the AUD, the yen slipped to 82.44 for the f »

Europe: 2.25 million jobs lost since April 2011

31/07/2012 14:30

• Nice Work If You Can Get It
• Greece: Going For Broke
• ‘Incalculable Risks Ahead’

European stock markets have been on the rise during morning trade as investors geared themselves up for tomorrow’s FOMC policy announcement. Forex traders have seen the German DAX 30 (+0.20 perc »

The Morning’s Data Run

31/07/2012 13:02

• Up, Down And Sideways
• Obama And Co
• All Hands To The Engine Room

Forex traders saw sterling yesterday make a decent start to the week in light of rating agency S&P’s announcement that the UK will keep its AAA rating agency. This sliver of good news – de »

Now Let The Neins Begin!

27/07/2012 13:41

• Hells Bells!
• Cold Shower
• Time Draghi’s On

Glory Be! Forex traders were among the millions of Londoners who awoke this morning to the massed peel of thousands of bells ringing out across the capital. Indeed, as the entire UK resonated to the c »

Going For Gold!

27/07/2012 12:39

• Gold Strikes Out Above $1,600 Level
• Strong Stocks Allow Consolidation
• Eyes On U.S. GDP

Gold held onto gains made off the back of yesterday’s rally as Friday trading opened, with the precious medal – or rather, metal (!) - standing just above the $1,600 mark on commodities ch »

Investors Need ECB Action Not Words, Says Top Analyst

27/07/2012 11:18

• Unemployment At Almost 25 Percent
• Third Of Euro Zone Jobless In Spain
• Analysts Call For Action From ECB 

Unemployment in Spain reached almost 25 percent throughout the course of the second quarter, from 24.44 percent in the previous quarter. According to the National Statistic Institute, the jobless rat »

Editor’s Morning Forex Review: Let The Games Begin!

27/07/2012 10:17

• Super Mario To The Rescue!
• ECB - SOS!
• Risk Still Lurks Around The Corner!

What a difference a day - and a few carefully coded words - makes. Forex traders have been as amazed as anyone at the sight of the world’s stock markets registering an eye-popping overnight rall »

Swissy “Swing” On The Horizon?

26/07/2012 18:07

• CHF Floor Back In Question
• CHF/USD Off 19-Month Low
• Analysts Raise The Alarm

The Swiss franc came back under pressure Thursday with the global slowdown and ongoing euro zone crisis threatening to drive investors towards the safer CHF. “EUR/CHF remains within a tight ran »

Crude Oil Climbs On Draghi Determination

26/07/2012 16:40

• Crude Futures Up 1.1 Percent
• Dollar Dives
• Analysts Question Long-Term Implications

Crude oil futures leaped up commodities charts Thursday following upbeat comments from European Central Bank President Mario Draghi and a round of positive jobless claims data in the U.S. Light sweet »

Draghi Co-Efficient

26/07/2012 16:36

• Euro/dollar Thrown A Bone
• Rally Cross
• Spanish Bonds Get A Breather

Mario Draghi has been speaking today in London, mostly reaffirming his confidence in the euro, which – as forex traders quickly saw – provided the shared currency a bunk-up to its weekly h »

Metals Steady After Wednesday Rally

26/07/2012 12:00

• Copper Down 0.15 Percent
• China Provides Promise
• Gold Rally Short-Lived?

A number of metals closed higher Wednesday after revived euro sentiment prompted short covering which left copper, nickel and silver up by 1 percent at close. But the action on commodities charts prov »

Editor’s Morning Forex Review: Nowotny and wot-not

26/07/2012 09:40

• Just Buy The Dip
• Risk Still In The Frame
• U.S. QE Eyed Next Week

The scenario seen by forex traders by way of this week’s outlook anticipated follow-through selling of foreign currencies at the start of the week before corrective pressures emerged come yester »

U.S. Hit By More Dismal Data; Homes And Energy

25/07/2012 17:31

• Home Sales Down 8.4 Percent
• U.S. Recovery Looking Shaky?
• Crude Oil Stockpile Soar

Dismal house sales figures have now emerged from the U.S., rounding off a day of thoroughly disappointing data. The sales figures have extinguished the faith many had placed in the U.S. housing m »

No No Nowotny

25/07/2012 17:16

• Euro Enjoys A Short-Lived Fillip
• $1.20 Still Beckons
• Pass The Parcel

Forex traders saw the euro rally against most major currencies today, picking itself up from a two-year low against the U.S. dollar following comments from a European Central Bank policymaker Ewald No »

UK – Didn’t See THAT coming!

25/07/2012 15:28

• ONS Springs Unpleasant Surprise
• Data: Handle With Care
• Dollar Strength Still Eyed

There may well have been a moment of breathing space this morning for forex traders tired of the euro zone crisis in the wake of rubbish UK data. Nonetheless, Spain and Greece are still very much loom »

Commodities: Crude Drops Ahead Of US Inventory Data

25/07/2012 13:09

• Oil Price Down On Surplus Fears
• All Eyes On The EIA Report 14:30
• Chinese Data Provided Temporary Respite

Crude oil prices suffered a knock-back on commodities charts early Wednesday as nervous investors anticipated an announcement from the U.S. oil inventory later in the day. An overnight report from a U »

UK GDP… OMG!

25/07/2012 12:40

• Shock Data
• Third Quarter Of No Growth
• Sterling Winded 

Shocking news this morning has sent the wires buzzing and economists, forex traders and just about everybody else reaching for their passports. Yes, an 11 year old British boy has managed to board a p »

EUR/GBP Up On Downbeat UK GDP

25/07/2012 11:50

ForexSpace (LONDON) - The GBP has taken a tumble against the EUR on currency charts, on the revelation that the UK economy contracted 0.7 percent in Q2. The annualised figure now points towards -0.8 p »

Stormy Weather Ahead For UK GDP

25/07/2012 10:15

• Analysts Expect Disappointing Q3 GDP
• IMF Warning Dominates Sentiment
• Businesses And Consumers Lack Faith

The UK may be basking in the rays of the lesser-spotted British summer sun, but the economic climate is looking gloomier than ever. Today’s GDP release for Q2 looks set to confirm that the UK ec »

Editor’s Morning Forex Review: Red Letter Day

25/07/2012 09:54

• Fed Eyed Once Again For QE3
• The Troika Takes Stock
• Risk Aversion Still Reigns

It doesn’t take long when chatting to forex traders to know the foreign exchange market is in a febrile state these days. Nonetheless, the majors were mostly trading within Monday's ranges, when »

Investors Hungary For The Forint

24/07/2012 18:07

• Forint Up 0.05 Percent Vs. EUR
• Hawkish Tone Surprises Analysts
• Rate Cut Still Expected

The Hungarian forint has spent the afternoon ascending currency charts, with haven-hungry investors drawn by the central bank’s decision to leave benchmark lending rates unchanged. The decision »

Heading For The Spexit?

24/07/2012 17:52

• Anaemia Sets In
• PMIs… My Oh My
• Germany: Fault Lines Beginning To Show

Despite the rise of Chinese PMI to 49.5 early doors, (still in the contraction zone) from 48.2 in June, prospects for the euro zone continue to appear very bleak indeed. Forex traders looking for some »

EUR/USD Regains Ground

24/07/2012 16:22

ForexSpace.com (LONDON) – The EUR/USD is retracing losses to rest around the 1.2000/2100 level, recovering slightly from the two-year low hit yesterday. Analysts suggest that the weaker-than-ex »

Mad For The Loonie

24/07/2012 14:11

• Expected Retail Sales Growth: 0.3 Percent
• USD/CAD Continues Its Advance
• Investors Flock To Safer Loonie

The next round of economic data – featuring the all-important retail sales – from Canada is due out at 12:30GMT and thus far, market chatter suggests investors could be in for a pleasant s »

Editor’s Morning Forex Review: All Hands To The Slump

24/07/2012 09:46

• Hobbling Bulls
• European Stocks On The Ropes
• Euro Under Cosh v Major Rivals

We woke up this morning to the news that Moody’s has warned the ratings outlook for triple-A Germany, Luxembourg and the Netherlands has been downgraded from stable to negative because the threa »

Kiwi Struggles On Spanish Scare; Reverses Greenback Rally

23/07/2012 16:56

• Kiwi Reverses Some Chart Gains
• Spanish Scare Threaten Global Future
• Rate Cut In The Pipeline?

Last week’s kiwi ascent up live currency charts was met with a sharp reversal Monday, with the NZD/USD knocked back to 0.7900 as panic over Spanish debt spread. Despite the best efforts of the e »

No wane for Spain’s pain

23/07/2012 16:52

• Euro Losses Continue
• Short Selling Ban Extended
• Flight To Safe Havens

It just got worse for Spain. The country’s longer-term bond yields have traded at euro-era highs this morning, soaring to 7.57 percent for a period. Forex traders I’ve been in contact with »

Business As Usual

23/07/2012 12:55

• EUR Slide Continues
• Euro v Dollar Sees $1.1875  Event Horizon
• Tsipras Adds Fuel To The Fire

Further damaging headlines for the single currency bloc over the weekend ensured the euro kick the week off on an even sicklier fashion than Friday night’s close. Forex traders should expect the »

U.S. Q2 Expectations Downbeat

23/07/2012 11:52

• Downbeat Data Lowers  Expectation
• Estimates At 1.3 Percent
• Fiscal Cliff Knocks Confidence

After another week of disappointing U.S. data and precious little clue that any substantial easing strategies are in the pipeline, USD investors will be forgiven for entering the week with a furrowed »

Editor’s Morning Forex Review: Are The Wheels Coming Off?

23/07/2012 10:23

• Wiggins Wins Prettily
• Euro Wins The ‘Ugly Contest’
• No Relief In Sight

As the week heralding this coming Friday’s Olympic opening ceremony gets underway, the sports-minded forex traders and market watchers among us - especially those of UK origin - will be feeling »

Gold Eases; Still On Track For Weekly Gain

20/07/2012 16:24

• XAU Eases On Spain Nerves
• No Easing In The Offing
• Gold Council Optimistic

Gold took a step back on commodities charts Friday, with a more tentative tone dominating sentiment amongst traders. Supressed risk appetite saw the EUR ease slightly, with stock markets following su »

Spanish Aid Set For Rubber Stamp

20/07/2012 11:19

• Finland Adds Approval
• Euro Pares Some Losses; Little Movement Expected
• Spanish Yields Betray Nerves

With the plan for a Spanish aid package now garnering approval from countries across the euro zone – crucially, Germany and Finland have now signed on the dotted line – the mood around the »

Editor’s Morning Forex Review: One Of THOSE Fridays!

20/07/2012 10:28

• Euro Eyes Spain
• Record Lows In Sight Again Aussie
• UK NOT OK

As European shares sidled away from their four-month highs overnight, forex traders have seen the single currency dip early doors today, fuelled by growing alarm over Spain's fiscal straits. Despite t »

US Jobless Claims Disappoint The Markets

19/07/2012 15:51

• Weekly Report Shows 10pc Increase
• USD Holds Gains Vs. EUR
• Gold Suffers On Lacklustre Data

The number of Americans seeking unemployment benefits surged unexpectedly by almost 10 percent last week, following three weeks of declines. America’s Labour Department reported 386,000 initial »

UK Retail Sales Proves A Washout

19/07/2012 13:27

• Retails Sales Up 0.1pc From May
• Wet Weather Takes Blame
• Eyes On US

Alongside superficially positive jobs data which saw the headline unemployment rate fall to 8.1 percent this morning, the UK has now served up a less satisfactory helping of retail sales data. A repo »

Trends In Lending Sends No One Spending

19/07/2012 13:22

• SMEs Hungry For Access To Credit
• CBI Weighs In
• Calls For Liquidity Buffers 

Forex traders have seen cable extending southwards from 1.5695 this morning after soft UK June retail sales data. Euro/sterling also registered a reaction, holding around 0.7845, with a printed high a »

Party On, Jobseekers!

19/07/2012 12:42

• Employment Down; Claimant Count Up
• Data Skewed By Government Schemes? 
• Retail Sales Data Eyed

With just eight days left before London turns into a vision of hell on earth, ringing with the sound of tannoy-announced tube delays …I mean, an Olympic-tastic party central…all eyes are »

Spanish Bond Bombshell

19/07/2012 12:16

• Bond Auction Blow
• 7 Perecnt Threshold Breached
• EurYen Stabilizes At 96.50

In the wake of Spain’s bond auction casting gloom over the markets, forex traders eyeing their live currency screens have seen the euro ticking a few pips above today’s lows in the 1.2260 »

German Bond-Buying Sends Aussie Flying

19/07/2012 10:58

• AUD/EUR At 11-Week High
• Capital Inflows Maintain Strength
• Top Forex Broker Forecasts Further Gains 

The Australian dollar hit 11-week highs against the euro today, receiving a marked boost from the risk-on sentiment prevailing in markets. Positive price action on commodities charts and the news tha »