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Lower Inflation Makes Way for a More Dovish BoE...
10:16am today
THE TAKEAWAY: UK annual inflation falls to 2.4% in April -> Lower inflation may allow for a more ... -
British Pound May Weaken as Soft CPI Drives Dov...
7:40am today
The British Pound may fall as CPI inflation hits a seven-month low, driving expectations of an ex... -
GBP/USD- Trading the U.K. Consumer Price Report
4:00am today
Trading the News: U.K. Consumer Price Index What’s Expected: Time of release: 05/21/2013 ... -
Dollar Retreats Before Key Fed Officials Weigh ...
2:20am today
Dollar Retreats Before Key Fed Officials Weigh In on QE3 Japanese Yen: Are Officials Now Trying... -
The #1 Threat to the Dollar Rally This Week
20/05/2013 14:35
The dollar’s recent rampage could either gain momentum or come to an abrupt end this week w...
Forecasts
Getting Into Bernanke's Head
9 minutes ago
- The U.S. Economy in 3 Dimensions
- Bernanke Wants Time
- Educated Guesses As To Outcome
Yet again, the market finds itself waiting on sentiment from the U.S., specifically, Fed Chairman Ben Bernanke’s speech, and for many investors that will mean something is coming, but will it be »
Morning Forex Review: Bof E "Inflation Set To Edge Higher"
6:50am today
- Lower UK Inflation Would Be Nice
- Germany Back In The Spotlight
- Attention Shifts To Japan Overnight
The UK announces the consumer and producer price indices for April. The CPI is forecast to be up +0.5% mom in April, an acceleration from +0.3% mom in March, but this would actually be a decline on a »
Technical Analysis Video: GBP/USD Continuation Of Downward Trend
20/05/2013 16:24
Sharp reversal at the start of this month from 1.5600 on GBPUSD and through the rising trend-line connected from March lows suggests that corrective rally is complete and that bears are taking place r »
- Tags:
- gbp-usd
EXCLUSIVE: This Weeks Top 3 FX Ideas by Forex.Com
20/05/2013 14:11
EXCLUSIVE to Forexspace.com- This Weeks Top 3 FX Ideas, prepared by Kathleen Brooks, Research Director , Forex.com. DOLLAR: Cautious Outlook , Awaiting Bernanke's Speech Outcome on Weds »
- Tags:
- xau-usd
Reflection Time For Dollar Bulls
20/05/2013 13:50
- Japan Voice Concerns Over Yen Decline
- Can The USD And S&P 500 Develop A Beautiful Relationship?
- USD Stars Were Aligned Last Week
It’s been pretty slow-going today as economic data has been thin on the ground reports Kathleen Brooks, Forex.com. Ranges in FX are fairly tight and stock markets are flat to fairly neutral. Cur »
- Tags:
- usd-jpy
Technical Analysis: EUR/USD Falling Sharply
10:49am yesterday
- EUR/USD falls after breaking support trendline of minor ABC correction
- Sell targets: 1.2750, 1.2660, 1.2400
- Strong resistance barrier at 1.3200
EUR/USD has been falling sharply in the last few days. EUR/USD falls after breaking support trendline of minor ABC correction After completing the intermediate upward ABC correction, which is in its »
- Tags:
- eur-usd
Central Banks In Focus
10:37am yesterday
European shares are expected to open higher on Monday as investors await the outcomes of several central bank meetings this week reports CNBC. The FTSE is called up 18 points at 6,741, the Germa »
- Tags:
- eur-usd
Bright Global Market Picture Is Not All It Seems
7:22am yesterday
- Questions Over Japans Sustained Growth
- Europe In The Doldrums
- Japan Remains Under Pressure
To casual observers the global market picture look very good, reflective of an improving growth and earnings story; risk assets continue to rally as central banks keep the liquidity taps open writes M »
Commodities: Gold- What Next?
7:17am yesterday
Gold came lower as we knew it would..now what questions Carol Harmer, Charmercharts.com We are now entering the target zone of 1335/25 and I do think we will see Gold bounce from here. On the we »
- Tags:
- xau-usd
Loonie is Day's Biggest Loser After Inflation Plunge
17/05/2013 16:11
CAD is the day's worst performing currency after Canada's April inflation fell to 0.4% y/y from a 1.0% rise in March, posting the biggest decline since October 2009 reports Ashraf Laidi Core CPI also »
Technical Analysis: FTSE China Broke 8130/50
17/05/2013 16:03
FTSE China held above 8030/60 & broke 8130/50 as we close in on the 100 day moving average at 8322. We should struggle here but a push higher then targets tough resistance at 8365/75. In fact fr »
- Tags:
- ftse
Cool Inflation Heats Up Commodities Play
17/05/2013 12:50
- The Figures, the Fed and the Rally
- Why Commodities and Not Equities?
- Oil Gathers Momentum; are Gold and Silver to Follow?
Earlier this week I mentioned that U.S.inflation figures would dictate the Fed’s direction. Well, the inflation figures are now out and data shows that U.S.inflation fell below zero which is the »
- Tags:
- xau-usd
Technical Analysis:S&P/TSX 60 Failed at 720/22 This Week
17/05/2013 07:49
S&P/TSX 60 failed at 720/22 this week as expected & we hit support at 712/11 where a low for the day was expected & we bottomed at 710.00. The outlook remains negative so any longs here toda »
Hawkish Fed Comments Led To A Stampede In US Markets
17/05/2013 07:12
- Awful US Data
- Hawkish Talk From Fed Members
- Crude Oil Bucked The Trend
European equities are set to open flat to marginally lower as a negative close in the US leaves traders eyeing up the exit door reports Jonathan Sudaria, a Dealer at Capital Spreads. »
FXSNIP: GBP/USD Advised To Cover Longs
17/05/2013 07:07
Cable came higher as expected and virtually achieved the 1.5330 upside projected target reports Carol Harmer, Charmercharts.com We have fallen back to 1.5236, but the market is looking a little ove »
- Tags:
- gbp-usd
Morning Forex Review: US Consumer Confidence Indicators Hold Significance
17/05/2013 06:50
- US Consumer Confidence Indicator
- Indicators Are Significant
- UK House Price Index Out On Monday
A slow day today…Euroland construction output for March isn’t important enough for analysts to forecast it. A number of ECB officials are speaking today, including Coeure, Asmussen, Praet »
Greenback To Be Driven By Fed Member Talk
16/05/2013 13:16
- Bullish USD This Morning
- Euro Playing Catch Up
- Choppy USD/JPY
Despite general US data thus far this week coming in a little softer, the Dollar retains a bid tone, as US risk markets keep on posting new highs despite much speculation on whether US$ may have ralli »
Gold In Freefall, All Eyes On US Data
16/05/2013 12:00
- Nikkei Ends Lower Despite Strong First Quarter Growth
- Eurozone CPI Unrevised At 1.2%
- Gold In Freefall Following Brief Retracement
- Jobless Claims, Housing Data And Manu. Data In Focus in the US Session
Most European indices are in the red this morning, as investors continue the pattern of taking profits early in the session before buying the dips when the US opens reports Craig Erlam, Market Analyst »
Technical Analysis: EUR/USD Another Day Of Weakness In The Euro
16/05/2013 08:42
Another day of weakness in the Euro...and once the trendline at 1.2960 broke sellers were back in the market reports Carol Harmer, CharmerCharts.com The second trendline at 1.2899 also failed to »
- Tags:
- eur-usd
Technical Analysis: S&P/TSX 60 Failed As Expected
16/05/2013 07:16
S&P/TSX 60 failed at 720/22 as expected & we hit support at 712/11 where a low for the day was expected & we bottomed at 710.40. The outlook remains negative so any longs here today need st »
Morning Forex Review: How Many Fed Officials Does It Take To Spark An Inflation Debate?
16/05/2013 07:14
- Final CPI Figure Released Today
- US Jobless Claims
- US Housing Data
Not much from Europe today; the Eurozone trade balance is expected to have fallen slightly in March to EUR 11.5bn from 12.0bn, but the FX market doesn’t get so excited about this indicator. Fin »
- Tags:
- eur-usd
- us housing
EUROZONE: EU Growth Data Disappoints
15/05/2013 15:32
Eurozone GDP data is slumping across the board, with Christopher Vecchio, Daily FX anticipating the trend to continue without additional QE. “Another round of new 2013 highs for the Dow Jones F »
AUD/USD Extended Its Weakness
15/05/2013 15:01
AUDUSD extended its weakness in the last few sessions within wave (iii) which can be counted now in five smaller waves writes Gregor Horvat, EX Forecast. As such, support for current decline »
- Tags:
- aud-usd
Bank Of England Inflation Report: Justified Optimism?
15/05/2013 14:54
The Bank of England released its Inflation Report today and the figures are looking reasonably bright. Read what the experts had to say about it...... Richard Driver, Caxton FX Comments: ‘&r »
- Tags:
- eur-usd
Bow to the King- BoE Governor Ends With A Smile
15/05/2013 11:59
- What Made The King Smile
- Overall Growth Looks Brighter
- Labour market surprise boosts GBP:
Bank of England Governor Mervyn King is well-known for his downbeat manner and fairly gloomy outlook on the UK economy, not so for his final Inflation Report. Maybe the thought of impending retirement »
- Tags:
- gbp-usd
Nikkei Hit 14900/1500 Target
15/05/2013 11:18
Nikkei hit the 14900/15000 target & has broken higher as we now look to fill the gap at 15240 this week. Above here we then look for 15310/360 in this bull market. Look for support at 14902 toda »
- Tags:
- nikkei
Gold: Gold Traded Lower Amid Strength In The US Dollar
15/05/2013 08:19
Gold prices traded lower by 0.39% against the USD in the 24 hour period ending 23:00GMT, at 1426.93 per ounce, as greenback strengthened against all of its major counter parts in yesterday’s ses »
EUR/USD: Euro Continues To Trade Lower In The Asian Session
15/05/2013 07:52
For the 24 hours to 23:00 GMT, EUR declined 0.39% against the USD and closed at 1.2936, after German ZEW economic sentiment disappointed investors along with slowed down in inflation figures across th »
- Tags:
- eur-usd
Technical Analysis: S&P/TSX Held Above 715
15/05/2013 07:42
S&P/TSX 60 did hold above 715 for a retest of the 100 day moving average & last week’s high at 720/22. We are now very overbought so the topside should be limited but a break higher targets »
Morning Forex Review: GDP Day!!- The News You Havent Been Waiting For
15/05/2013 07:23
- Negative Q2 & Q3 Forecast
- How Long Can You Hold A Long Position
- The BofE Inflation Report Will Overshadow Unemployment Figures
The news you haven’t been waiting for… the sixth consecutive quarter of contraction in the Eurozone! Negative Q2 & Q3 Forecast And that’s not likely to be the end of it; the marke »
Euro Tripped Up By A Slammed Aussie
14/05/2013 16:01
- ECB Policy Makers Willing To Go It Alone
- German ZEW Index Came In Largely UnChanged
- North America Continues To Dance To Its Own Tune
The increase in the volume of commentary from Germany as to how uncomfortable they are becoming to ECB’s monetary policy stance is certainly more noticeable – Germany is clearly against fu »
- Tags:
- eur-aud
The European Bail-In And The EUR
14/05/2013 14:01
- Could Government Plans Bite Them On The Bonds?
- Rise In Yield Bonds Contibutes To The Decline in USD/JPY
- Official Meanies Threaten The Sanctity Of Deposits
After a slow start in financial markets this week a couple of themes are emerging: the yen is rebounding and the euro is getting hit from comments coming out of the Eurozone finance ministers me »
- Tags:
- eur-usd
Dollar Appetite, Faded Or Whetted?
14/05/2013 12:29
- In Other Words, Investors Should Watch Out
- So What’s The Story On The Fed Exit?
- Is the Exit close?
Last week, statements made by Fed Chairman Ben Bernanke proved one of the most centralistic questions in the capital market, i.e. when will the Fed roll back its stimulus? Bernanke has warned against »
- Tags:
- usd-eur
Market Summary: The Big Picture
14/05/2013 11:06
The Big Picture Eurozone economy on the forefront today. With the market already poised to buy dollars, a much better-than-expected US retail sales figure for April, boosted sentiment further and U »
Morning Forex Review: Part Two
14/05/2013 08:14
- RICS Housing Balance Announced Tonight
- Apathy Rules In Brussels
- US Retail Sales for April Are Out
Tomorrow brings normality back to the Economic calendar of events. RCIS Housing Balance Announced Tonight But for today, we have no UK indicators out during London trading hours. The RICS hou »
- Tags:
- gbp-usd
Morning Forex Review: Can EUR/USD Maintain The Overnight Rebound?
14/05/2013 06:52
- Things May Be Looking Up
- Nothing Market Making From Brussels
- US Sentiment Remains Weak
In the Eurozone, industrial production for March will be the number of the day. Things May Be Looking Up The market is expecting +0.5% mom, a slight improvement from +0.4% in February, while t »
- Tags:
- eur-usd
USD/JPY Loses Grip On ¥102.00
13/05/2013 16:40
Christopher Vecchio, Currency Analyst at DailyFX, comments: After explosive gains the past two days that saw the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) higher by approximately +1.50%, a sligh »
- Tags:
- usd-jpy
Market Summary: GBP, EUR & USD
13/05/2013 12:45
- Eagerly Awaiting Inflation Report on Weds
- Payment Plan for Cyprus Discusssed This Afternoon
- All Eyes On Positive News From The US
Another volatile trading session Friday in Europe left EUR/USD struggling with new selling pressure as the pair has started its decent down below 1.30. There has also been further negative news for Ch »
US Dollar Surges Through Key Levels
13/05/2013 07:00
- Central Banks In The LimeLight
- Japanese Policy Condoned
- Caution on the USD
Demand for risky assets continues to strengthen as reflected in various indicators including my Risk Aversion Barometer writes Mitul Kotecha Central Banks In The LimeLight Central banks are providin »
Morning Forex Review: Not Such A Manic Monday
13/05/2013 06:47
- UK Housing Market Improvement
- Bank Of France Sentiment Out
- US Retail Sales For April- Improved Figs Expected
Last week’s data lull continues for one more day, and then we start a more normal calendar of events. UK Housing Market Improvement We have no UK indicators out during London trading ho »
Falling Yen Prompts A Global SellOff
10/05/2013 16:15
- All Eyes On The Yen
- Bond Purchases
- Next Phase Of Weakness
The Japanese Yen has fallen to its lowest level in the past four years amid bond data, prompting a widespread selloff and boosting currencies with highly-rated sovereigns like the US Dollar. Comments& »
- Tags:
- usd-jpy
Morning Forex Review: Germany-Factory Orders Up, Retail Sales Down? Go Figure...
10/05/2013 07:05
- Visible UK Trade Deficit Expected To Narrow
- More Fed Speak Today..
- Big Chiefs Big Meet Tonight
How is it that German factory orders and industrial production were doing so well in March when retail sales were down? We may get the answer to that today when the country’s trade figures for t »
- Tags:
- eur-gbp
Technical Analysis: Bund Recovery
10/05/2013 07:02
Bund recovered from a short term oversold position & just held above 145.80 for a move higher towards 146.27/29 but topped just below, at 146.23. Failure to hold above support at 145.80/77 s »
- Tags:
- bunds
GasOil: Holds Support
10/05/2013 06:55
Gasoil held support at 861/859 to retest the week’s high at 871/872. Above here today look for our next target at 875.25/876.25 but this is tough resistance & may be worth trying shorts wit »
Market Summary: Gold Under Pressure & RBOB Overbought
10/05/2013 06:37
Gold should come under pressure today & in to next week. RBOB gasoline very overbought - strong Fibonacci resistance at 289.50/291 which could hold a move higher - stops above the 100 day moving aver »
- Tags:
- xau-usd
Positive UK Data Surprises But "as you were" From The Old Lady!
09/05/2013 14:58
- UK Industrial Production Rose By 0.7%
- BofE Announcement
- Focus on Sterlings Short Term Direction This Afternoon
Richard Wiltshire, ETX Capital reports on what has been a relatively dull and lacklustre market today. Sterling forex traders tried to drum up some enthusiasm for today’s data releases as »
- Tags:
- bofe
The EURO Bull Is Being Eased Along
08/05/2013 12:19
- Lack Of Intraday Data
- China's Surprise Data
- RBNZ Concerns Over Risk To Domestic Financial System
Dean Popplewell, Director of Currency Analysis and Research at Oanda is finding it difficult to get excited about this market, especially when investor forex enthusiasm seems to be waning. Lack »
Technical Analysis: USD/JPY Rising Sharply
08/05/2013 10:45
- USD/JPY moves inside 3rd primary impulse; forms daily Triangle
- Buy target for Triangle breakout at 104 (intervening resistance at 100.00)
- Sell target for Triangle breakout at 92.70 (intervening support at 97.00 and 96.00)
The USD/JPY has been rising sharply up inside the clear upward primary impulse sequence visible on the daily charts. USD/JPY moves inside 3rd primary impulse; forms daily Triangle The pair had previ »
- Tags:
- usd-jpy
FX SNIP: USD/JPY- Get Ready For Big Movement
08/05/2013 09:17
Carol Harmer, Chief Analyst, Charmer Charts reports on a strong USD/JPY Pair. Yesterday our cross traded lower and then bounced off of the 129.00 level, a middle point between the 38.2% and 50% »
- Tags:
- usd-jpy
Encouraging Trade Data from China; Too Good To Be True?
08/05/2013 09:15
- Chinese Data Encouraging, Although Not Necessarily Reliable;
- UK retail sales fall heavily in April due to earlier than normal Easter
Craig Erlam, Market Analyst, Alpari UK gives us his view on market movements today. Chinese Data Encouraging, Although Not Necessarily Reliable; European indices are expected to open around a quarte »
- Tags:
- china
- eur-usd
- gbp-jpy
- uk retail sales
Technical Analysis: Schatz Failed & Broke 110.75/74 Support
08/05/2013 07:38
Schatz failed at 110.79 resistance & broke 110.75/74 support. Below here we meet strong support at 110.70 which could hold the down side for today but a break targets 110.67/66 then 110.60/5 »
- Tags:
- schatz
Technical Analysis: GasOil Failed To Reach 875.25
08/05/2013 07:07
Gasoil beat 863/866 but failed to make it our next target of 875.25/876.25. If we reach here today this is tough resistance but any shorts need a stop above 878 as a break higher should fill the »
- Tags:
- eur-usd
EURO’s Zest For Loftier Heights
07/05/2013 12:34
- AUD/USD
- AUD/JPY
- EUR/GBP
If we did not have the Aussies, the RBA, or Governor Glenn Stevens, this would have been another bland and boring market to be talking about writes Director of Currency Analysis and Researc »
Forecast For Sterling Today
07/05/2013 12:07
- Sterling/Euro
- Sterling/USD
- Sterling/Australian Dollar
Richard Driver, Analyst at Caxton FX reports on Sterling movements today. It was good news all round on Friday, with UK Services PMI data and US non-farms both coming in above market expectations. Bo »
Time For Caution On The Dax?
07/05/2013 09:45
- Bulls & Bears Have Strong Cases
- Technical Persective
After reaching fresh all-time highs on Monday the Dax has opened with a more cautious tone today, as the market pauses for breath at these dizzy heights writes Kathleen Brooks, Research Director, Fore »
- Tags:
- dax
Technical Analysis: Yen at 100, Live or Let Die?
07/05/2013 09:17
- USD/JPY Sit At 101
- You Have Come A Long Way Baby
- What Is Needed To Break The 100?
Though the last few weeks have been significant for the USD/JPY pair which has hovered in a tight band from 97-100, this week could be critical for Yen traders. USD/JPY Sit At 101 The 100 level does »
Technical Analysis: GasOil Has Reached Strong Resistance
07/05/2013 06:57
Gasoil has reached strong resistance at 863/866. We did see the market top out here as expected & used this level as a selling opportunity but we need stops above 867 today for continued gai »
- Tags:
- gasoil
Morning Forex Review: Draghi Comments Continue To Cause Uncertainty In The Eurozone
07/05/2013 06:54
- German All Important Factory Orders
- Industrial Production Likely To Continue To Slow
- US Consumer Credit Figures Also Being Eyed Closely
The several Eurozone indicators due out today will be of particular interest to the market in light of yesterday’s comments by ECB President Draghi. He repeated what he said after last week&rsqu »
- Tags:
- eur-gbp
Technical Analysis: GBP/NZD
06/05/2013 08:51
- GBP/NZD continues major downtrend
- Further downside likely toward 1.7700
- Multiple resistances at 1.8500, 1.8730 and 1.9000
GBP/NZD continues to decline in accordance with the strong long-term downtrend visible on the daily and the weekly GBP/NZD charts. At the start of this year the pair broke down through the strong supp »
- Tags:
- gbp-nzd
EXCLUSIVE Prediction:Craig Erlam, Market Analyst Alpari UK on today's NFP figure
03/05/2013 12:25
Craig Erlam, Market Analyst at Alpari UK gives us his predictions for the Non-Farm Payrolls figure due out today..... you heard it here first! »
- Tags:
- eur-usd
- non-farm payrolls
Silver Lining For Italian Equities
03/05/2013 11:16
- Grim Outlook for European Economy
- Sustained Bearish Momentum
- ECB Policy And The Letta Government; a Silver Lining For Italian Equities
The ECB’s 0.25% rate cut that was announced yesterday came as no great surprise; many analysts argued it should have occurred months ago. Grim Outlook for European Economy In his speech which »
Morning Forex Review: Have You Heard The One About 2 Statisticians Who Go Duck Hunting?
03/05/2013 06:48
- Prediction Is Almost Impossible
- A Positive Suprise In Store?
- Are Inflationary Pressures in Eurozone Easing?
The FOMC, the ECB, and now, rounding out the week, the NFP – non-farm payrolls for April. The consensus estimate on Bloomberg is +140k, up from +88k in March (+151k for private-sector payrolls). »
Morning Forex Review: ECB; Today is the Tomorrow You Worried About Yesterday
02/05/2013 06:43
- Incoming Information to the ECB Has Been Uniformly Negative
- Rate Cut Impact Would Be Limited
- ECB's Possible Other Moves..
Yesterday was the Fed’s day in the spotlight; today it’s the ECB’s turn. I expect the ECB to cut the refi rates by 25 bps at today’s meeting (as do some 45 out of 70 economists »
- Tags:
- ecb
- eur-usd
- non farm payrolls
Morning Forex Review: All Eyes On The FOMC Decision
01/05/2013 07:13
- Discussion around increasing Quantative Easing
- Inflation Well Below Target
- UK Manufacturing PMI Given Attention
The announcement of the day is not any economic indicator, but rather the FOMC decision. No one expects the Committee to change rates; the question is their view on the resilience of the economy, the »
A 25-bps Rate Cut Could Boost The Euro
30/04/2013 17:09
- A Gloomy Picture for Europe
- Prediction Of A 25-bps Rate Cut
- Good News for the Euro
Christopher Vecchio, Currency Analyst at Daily FX believes that the soft data out of Europe may trigger at least a 25-bps rate cut by the ECB and boost the euro as a result. A Gloomy Picture for Euro »
COMMODITIES: Gold Bugs, Back From the Dead?
30/04/2013 14:00
- Expected ECB Rate Cut
- Optimism Not Uncalled For In Italy
- Gold Bugs Are Back From the Dead
Lior Alkalay, gives us his views on why Gold will always be a sure thing. Expected ECB Rate Cut Investors are worried, there’s no doubt about it, especially as the week draws to a climax »
- Tags:
- xau-usd
VIDEO TECHNICAL ANALYSIS: AUD/USD
30/04/2013 12:59
Today Gregor Horvat looks at the AUD/USD. AUDUSD turned higher last week after a break through the trend-line connected from 1.0580 highs. As such, we are tracking a corrective recovery now in comple »
- Tags:
- aud-usd
FOREX INSIGHT:Focus on Fed before ECB
30/04/2013 09:49
- Changes In Expectation On Fed Policy
- Rise in Italian Stocks
- Eurozone CPI Focus
Read the latest market insights from Marshall Gittler, Head of Global FX Strategy at IronFX Changes In Expectation On Fed Policy Changes in expectation on Fed policy are weighing on the dollar. Yest »
FUTURES UPDATE: Mini Dow Jones
30/04/2013 07:13
Mini Dow beat resistance at 14690/700 then failed just below all time highs at 14800/823. Weare overbought in the short term now so watch for a move below 14730/10 to target 14659. Belowhere then risk »
- Tags:
- dow jones
FOREX INSIGHT: Could Germany Switch Dovish Side At The ECB?
29/04/2013 16:20
- For and against an ECB rate cut
- Could governments do the job of the ECB?
- Waiting For Major Events Later This Week
This is the question as we lead up to the ECB meeting later this week, writes Kathleen Brooks, Research Directory at Forex.com. Today’s CPI data suggests that the Eurozone’s largest e »
- Tags:
- eur-gbp
Buoyant Economies Actually Full Of Holes
26/04/2013 07:00
- UK GDP came in at the top
- UK Economy -Near Miss
- WTI Price Gain
European equities are set to ease slightly on the open following a modest pullback into close in the US as caution crept in ahead of today’s GDP figure and as Asian markets trade mixed, wr »
Technical Analysis: EUR/USD
23/04/2013 14:29
- EUR/USD falls after failing to break above 1.3200
- Further downside likely toward 1.2700
- If 1.3200 is broken look for the price to rise towards 1.3800
Forexspace welcomes our newest contributor Dima Chernovolov, Experienced Forex Analyst and his views on EUR/USD. EUR/USD continues to decline after the recent failure to break up above the combined r »
- Tags:
- eur-usd
UKs Credit Rating Lowered
22/04/2013 10:53
- UK Credit Rating Lowered
- GBP outlook
- Quiet week in the Eurozone
Currencies Directs, Ashley Skinner updates us on the G20 Summit outcomes. As the G20 summit came to a close on Friday we saw the confirmation, again, that Japan is well within its rights to continue »
TECHNICAL ANALYSIS: Spot Gold Has Fallen Back
27/02/2013 11:33
Spot Gold has fallen back after breaking the 1612 resistance & testing last week’s high at 1619.We are looking for a move below 1604 now for 1595 where we find good support as we unwindfrom a sh »
- Tags:
- spot gold
EUR/USD Forecast 18th February 2013
18/02/2013 14:16
EUR/USD fell to test very good support at 1.3320/10 where we predicted a low for the week. This worked perfectly with a low at 1.3306 & a bounce back to resistance at 1.3377 which is exactly  »
- Tags:
- eur-usd
Spot Gold Forecast 18th February 2013
18/02/2013 14:11
Spot Gold has collapsed breaking 1617/16 to hit 1598.23. The bounce is now testing resistance at 1619/1621. This should be tough to beat but a push higher targets 1626 with any further stren »
- Tags:
- spot gold
USD/JPY Forecast 18th February 2013
18/02/2013 11:04
USD/JPY traded down to our predicted low to the correction at 92.20/05 & an opportunity to exit shorts & buy longs stopping below 91.80. This worked perfectly with a low at 92.23 & we shot h »
USD/JPY Forecast 15th February 2013
15/02/2013 12:01
The USD/JPY hovering above 92.95/85 support & below resistance at 93.90/94.05. Watch for a high for the day here but go with a break higher looking for the 94.46 highs to be tested. If we then break a »
Crude Oil: Technical Analysis
15/02/2013 12:00
WTI Crude Oil looks ready to sell off. We are looking for another test of 96.80/70 support with abreak to target 96.30/20. This is good support & we could bottom here but on a break we shouldtest 95.7 »
- Tags:
- crude oil
Spot Gold: Technical Analysis
15/02/2013 11:41
Spot Gold hit our first target of 1649/50 & topped out here. We then broke good support at 1641/39 & continued lower through 1635 as we close in on December lows at 1628/26. This is firm su »
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- gold
EUR/USD Forecast 15th February 2013
15/02/2013 11:40
EUR/USD fell to test very good support at 1.3310/1.3290 and the chance of a low for the week. This has worked so far today with a low at 1.3315 & we are bouncing towards resistance at 1.3377 »
Will Sterling Face Its Own Cliff In 2013? - Currencies Direct
20/12/2012 14:43
As efforts to resolve the US fiscal cliff rumble on in Washington (perhaps now fueled by the odd mince pie and a glass or two of egg nog...?), UK analysts are turning their thoughts a little closer to »
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- fiscal cliff
- sterling
November NFPs: Payroll Panel Delivers Mixed Verdict
06/12/2012 16:50
In recent months the labour market has brought more good news to the table for the American economy than most other suffering sectors. But tomorrow’s November non-farm payrolls report has analys »
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- nfp
- nonfarm payrolls
- november
Trendiness To Wane Ahead Of Xmas – Deutsche Bank
26/11/2012 13:03
- Trendiness On The Wane Leading Up To Xmas
- Volumes Still At ‘Rock Bottom’
- No Clear Themes Dictating EM FX Moves
Analysts at Deutsche Bank have issued their forecast for the period leading up to Christmas, with a lack of trendiness and more depressed volumes as characteristic features of the advent season. In a »
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- deutsche bank
- forecast
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 »
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 »
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 »
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 »
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. »
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 »
A Touch Of The Aussie Wobbles
10/07/2012 18:04
- Aussie Knocked Back By China
- China “Well Placed” For More Easing
- AUDUSD/Dow Correlation Comes To The Fore
The Australian dollar regained a bit of ground late Tuesday afternoon, rebuilding its position after it took a tumble on weak Chinese trade data. June data for the BRIC nation revealed unexpected wea »
Unemployment Climbs As Euro Zone Rifts Deepen
03/07/2012 11:30
- Euro Zone Unemployment Rates Hits Record High
- 282,000 Extra Young People Out Of Work y-o-y
- Gloomy Forecasts From Top Forex Brokers
As the globe reels from the news that the US’ manufacturing sector declined for the first time in three years, new unemployment figures from across the euro zone have emerged to show the tangibl »
Editor’s Morning Forex Review: From Dirge to Surge in 12 Hours
29/06/2012 10:15
- Germany 1, Italy 2!
- Oh what a beautiful ‘risk-on’ morning!
- A dawn chorus of pips squeaking
After another day yesterday when forex traders watched the EU Summit paralysis extend towards the month/quarter/half year end, today has dawned with a complete turnaround. In response to an apparent l »
New Balls, Please
28/06/2012 18:04
- UK Q1 Growth Revised Down
- QE Already Priced In?
- EU Summit Sentiment Takes Further Bashing
British tennis fans will be hoping for a more forceful display of strength from British hope Andy Murray this afternoon, than from sterling’s lacklustre performance on live forex charts. Despite »
Top Forex Brokers Keep Nervous Eye On Spanish/Italian Auctions
26/06/2012 10:45
- Markets Eye Spain
- Contagion Attacks Italy
- Investors Downbeat For Euro Meeting
Markets this morning are poised for the results of Spanish bond and bill auctions which, it is exepcted, will see the beleaguered nation paying its highest short-term borrowing rates in over six month »
Gold Loses Ground; Riskier Commodities Follow Suit
21/06/2012 17:48
- Commodities down
- QE3 on the table?
- All eyes on EU summit
Gold extended losses Thursday, completing the precious commodity’s third day in its longest downhill run for almost a month on the Fed’s decision to extend Operation Twist. Markets greeted »
Grains of Comfort for the Greenback
13/06/2012 13:40
Wheat prices regained momentum Wednesday during European morning trade, with concerns over declining output in Australia - the world’s second biggest wheat exporter - fuelling investor interest »
EuroDollar – Commodities and a Grain of Comfort
11/06/2012 13:45
ForexSpace.com - A number of commodities surged Monday morning, on the news that Spanish banks are set to receive a EUR100bn bailout. Oil and copper have headlined the commodity ascent, with oil risin »
Twitter abuzz with discontent
08/06/2012 17:07
As the pressure continues to build on Europe’s top political and economic minds to resolve Spain’s banking crisis and lift the nation out of the euro zone’s relegation zone, the »
Bernanke Tells It How It Is
07/06/2012 16:32
ForexSpace.com - As market watchers witnessed the 1-month EUR/USD volume at 13-day low in the lead up to Bernanke’s testimony to lawmakers on the Hill, investors pushed upwards in early trading »
AUD rallies on forex charts; traders eye Fed meeting
07/06/2012 12:09
- Australian employment up 39k - Strongest Aussie rally since November - Fed meeting eyed Australian employment soared by almost 39, 000 jobs in May, taking forex brokers at top trading institution »
Dollar/Yen
15/05/2012 11:59
ForexSpace.com - Forex analysts at Deutsche Bank are suggesting that, thanks to a number of factors affecting the Japanese economy, their yen is likely to undergo a revision for USDJPY; from 75 to 82 »
Forex news: JPY makes gains against struggling dollar
30/04/2012 13:59
The dollar sunk to a two-month low against the yen Monday, still struggling under the pressure of disappointing Q1 US growth. The data, out Friday, revealed much-cooled growth and shunted the issue of »
Editor’s Forex Morning Report: Bernanke Still with the Doves
26/04/2012 12:10
ForexSpace.com - Forex news looked on with muted enthusiasm as global shares nudged higher and the greenback hit a three-week low against a basket of currencies today after the Federal Reserve’s »
Europe: Business as Usual?
10/04/2012 12:42
ForexSpace.com - Calm trading in the wake of Europe’s long Easter looks set to continue. Nonetheless, as we trudge back to our forex news desks after a welcome holiday from euro zone debt woes, »
BoE Holds its Course
05/04/2012 14:47
ForexSpace.com - The Bank of England has maintained the UK interest rate at a record low of 0.5 perccent for another month. It also says it will kept the size of its asset purchase programme unchanged »
Trouble down under
04/04/2012 12:48
The Aussie slumped to a three-month low after data showed an unexpected deficit in the nation’s trade account for February. Imports outpaced exports by A$480 million in February, from a revised »
EDITOR’S VIEW: YO-FO-YO-MC
04/04/2012 10:46
ForexSpace.com - This morning’s markets opened lower in the wake of last evening’s eagerly awaited US Fed minutes. The yo-yo of QE – is it on, or is it off, goes on. Just last week, »
Dollar sinks on positive US data; risk appetite grows
03/04/2012 13:50
The dollar sunk ahead of a government report which showed U.S. factory orders rebounding in February. The report added to signs of recovery in the U.S. economy and has sapped demand for the relative »
Euro rises on rescue fund speculation
30/03/2012 12:59
ForexSpace.com - The EUR/USD rose on speculation that European ministers will ramp up rescue fund sums. The 17-nation currency is heading for its biggest quarterly gain in a year versus the greenback »
UK growth figures “worse than expected” – but what does it mean for 2012?
28/03/2012 12:37
The UK economy shrunk by an alarming 0.3percent in Q4, a report by the Office for National Statistics (ONS) said today. The slump has been primarily attributed to a shrinking service sector and has r »
Forex news: Pound declines against the dollar as UK growth forecasts cut
05/03/2012 00:00
Sterling declined against the dollar for the first time in five days following after the British Chambers of Commerce cut its UK growth forecast. Delivering its quarterly economic forecast, the »
Japanese "stealth intervention" affects forex rates for the yen
07/02/2012 00:00
The yen weakened for the third time against the U.S. dollar for the third time in four days. Japanese forex rates fell against all of its 16 major peers after Japanese Finance Minister, Jun Azumi, sa »
Asian foreign currencies decline as European debt talks continue
06/02/2012 00:00
Following four days of consecutive gains, Asian foreign currencies have snapped their advance as a suspected result of Europe's unresolved debt crisis. The Thai baht, India’s rupee and »
