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Currencies Gird Their Loins Into A Big Week For Data

19/02/2013 08:44

  • Week Gets Going Proper After Yesterday’s Pause For Breath
  • Econ Sentiment Data For Germany And EZ Out Today
  • JPY Still Tanking

We’ll be in for a bit more volatility today as the markets settle back in to their stride following the Asian Lunar New Year break and US President’s Day shut down. Nonetheless, equity fut »

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The Yen And Mrs Watanabe

18/02/2013 16:35

  • Abenomics - Whither AUD/JPY?
  • Yen Poised On The Cusp Of A Further Big Dipper
  • It’s Now All About The Next BoJ Big Cheese

We’re indebted to the ever-insightful John J. Hardy, head of FX strategy with Saxo Bank, who has treated us to a must read today courtesy of FTAlphaville. In it, Hardy quotes research citing Jap »

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EUR/USD – Weak GDPs Weigh On Euro

18/02/2013 14:00

The euro remains under pressure as weak GDP numbers out of the euro zone last week are weighing on the currency. Growth rates of the major euro zone economies were down, pointing to the word that »

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‘Toothless’ G20 Paves The Way To Renewed Yen Weakness

18/02/2013 10:59

  •  Yen Continues Downwards
  • Draghi Speaks This Afternoon
  • Reserve Bank Minutes Eyed For Later This Week

Although the Asian markets have gotten back into the fray today after their fallow period of Lunar New Year holidaying, it nonetheless looks likely to be a quietish day today. Apart from kicking over »

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Yen nears 33-month low as Japan avoids direct G20 criticism

18/02/2013 09:56

  • Final Communiqué Stokes Yen Weakness
  • Abe Comments Raise The Stakes
  • JPY’s Next Move Depends On New BoJ Guv’nor 

Having escaped direct criticism by the G20’s final communiqué, Japan’s currency has continued to weaken across the piece. Currently marching towards a 33-month low against the USD, »

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Morning Review: Yen Mops Up After G20 - Central Banks Now In Focus

18/02/2013 09:11

* G20 Closes Ranks Around Exchange Rates

* US Fed & BoE Minutes Closely Eyed For QE Hints

We can expect a relatively quiet day volume-wise with the US markets close for the President’s Day holiday. There will be a moderate counterbalance of activity due to Chinese markets reopening a »

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JPY Bears Go Nuts Over G20 Outpourings

15/02/2013 14:17

  • USD/JPY takes Wings on G20 US data
  • Leaked Draft Of G20 Statement Puts Pressure On Yen
  • JPYUSD Likely To Grind Higher Once G20 Out Of The Way

With the G20 meeting fully into its stride in Moscow, comments from various officials continue to flow thick and fast. Remarks such as those from Japan’s central bank governor Shirakawa have cau »

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FX Market Braced For Bluster And Brickbats On G20’s Second Day

15/02/2013 11:45

  • USD Trims 0.5 percent To 92.46 JPY
  • Euro Dips to 2-Week Low of 123.10 JPY
  • BoJ’s New Governor-Elect: Announcement Expected Soon

This morning’s activity centering on the G20 meeting in Russia has given rise, literally, to a firming of the Japanese yen. This is been  driven principally by market participants bracing t »

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VIDEO ANALYSIS: EUR/USD and DAX Are Looking Bearish

15/02/2013 10:58

German DAX has been in a down-trend this week similar to the EUR/USD which has declined from it's Feb 13 high. Also, both markets reached new lows this morning at the same time, so we can sa »

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UK Economy Gradually Improving Despite Struggling Sterling

15/02/2013 10:49

The British currency has been on a bearish trend since late December as a veritable slew of negative data permeates the market and disrupts economic growth. Poor retails sales and high inflation conti »

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G20 To Spark The Next Move?

15/02/2013 10:41

  • EUR/USD 40 Pips Higher On
  • JPY Correcting Stronger In Wake Of G20 Draft Communiqué
  • Sell The Rumour

The general opinion around the G20 meeting currently underway in Moscow is its test of where global markets stand as the currency war theme links directly to the developments in risk appetite as well. »

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Morning Review: Euro Wobbles As Worrisome Data Sparks ECB Rate Cut Speculation

15/02/2013 09:34

  • Morning Pullback On Weidmann’s Words
  • Euro/Dollar Pops To 1.3380
  • Bubba’s Hard Talk Restores Calm

Global shares received a major fit of the jitters yesterday following news that the single currency bloc's two largest economies, France and Germany, posted contractions by more than expected over Q4 »

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Euro Tanks On Grim Currency Zone News While Sterling Yens For A Potter!

14/02/2013 15:33

  • EZ Data Puts The Knife Into Single Currency
  • Russian Warns Against Rate Interference
  • If You Go Long On The Yen Today, You’re In For A Big Surprise!

Played out against an unhelpful accompaniment of grim data this morning, showing the euro zone economy is struggling with the fourth straight year of debt crisis, the G20 has got into full swing. Kic »

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EUR Unglued By Ugly GDP Assault

14/02/2013 15:11

A reading of global GDP reports has revealed another litany of woes. Contraction is no longer a vulgar economic word. It seems to be a staple amongst the maturing or cyclical economies defined under »

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Thomson Reuters Reports 24 Percent Increase In January

14/02/2013 14:53

Trading giant Thomson Reuters has reported a 24 percent rise in trading volumes for the month of January from the previous month. Average daily spot volumes stood at $126bn for the first month of the »

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VIDEO: Nick Beecroft On What A Currency War Means For The FX Markets

14/02/2013 12:36

The term ‘currency war’ has spent the last few weeks infiltrating headlines the world over, with investors thrown into turmoil by conflicting rhetoric and yo-yoing sentiment. The issue is »

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Cry Havoc, And Let Slip The Horsemeat Of Currency War!

14/02/2013 12:18

Two unconnected (at least, hopefully so!) events combined this week to serve as a suitably useful metaphor for the currency markets in these volatile times. Firstly, defying the wishes of the internat »

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Trade Of The Week

14/02/2013 11:03

ForexSpace.com (LONDON) - The 17 nation bloc has been showing early signs of economic recovery but have we been counting our chicks before they've hatched?   On Tuesday, euro zone industrial pr »

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Sterling Nosedives On Full-On Early Selling Spree

14/02/2013 10:36

  • Market Gets Green Light For Pound Sell-Off
  • Weaker GBP Is Just The Job For King’s BoE
  • Sluggish EZ Data May Prompt A Sterling Reversal

Having had time to digest the data, the British pound extended its post-Mervyn decent overnight, tumbling to a six-month low against the US dollar in this morning’s early session. Sterling&rsquo »

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Morning Forex Review: USD And EUR Hang On To Gains Against JPY On Overnight BoJ News

14/02/2013 09:04

  • BoJ Keeps Rate On Hold
  • G20 Now In Focus
  • Currency War Heads The Agenda

The range of recent price action throughout the FX market continues to be extremely choppy amid much short-term anxiety on the part of participants. The prevailing sentiment was exacerbated yesterday »

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Get Free Tickets For The London Investor Show

13/02/2013 16:16

The London Investor Show FOREX takes place on 22nd February at London Olympia, and Forexspace.com has teamed up with the organisers to offer you the chance to claim a FREE ticket worth a total of&nbsp »

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Dollar Digests US Retail Data

13/02/2013 15:38

  • Spending Barely Moves In January For High St America
  • G7 ‘Clarification’ Rumbles On
  • All Eyes Now Towards BoJ And G20

Data just out shows Americans spent little more last month on retail purchases. The US Commerce Department says last month’s retail sales increased by a minuscule 0.1 percent after a 0.5 percent »

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Currency War? More Like A Bit Of Currency Paintballing!

13/02/2013 11:47

With the upcoming G20 meeting, many column inches have been dedicated to the subject of potential ‘currency wars’ this week. This is the somewhat ‘Hollywood’ term being used to »

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Sterling Bearish On BOE's Negative Inflation Outlook

13/02/2013 11:42

  • Inflation Won't Reach Target For 2 Years
  • UK AAA Rating "Shakier By The Day"
  • Sir Mervyn King Claims Recovery In Sight

The pound has fallen close to an 8 month low against the dollar after Sir Mervyn King announced the UK inflation outlook has worsened since November. Speaking at the quarterly Bank of England (BoE) i »

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King’s Swansong Triggers Volatile Sterling Move

13/02/2013 11:33

  • Cable Dips Beneath Support In Wake Of BoE
  • Euro Rallies Above 0.8640 Vs GBP
  • King Says “Larger Doses Of Stimulus Required”

Mervyn King treated us to a predictably dour exposition of the UK’s economic health at the final press conference of his Bank of England (BoE) tenure this morning. The release of the quarterly »

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Sterling Circles The Mid-1.5600s Ahead Of BoE Inflation Report

13/02/2013 09:45

  • US Retail Sales Expected To Disappoint
  • UK BoE Inflation Report Likely To Provide A Lively Finale For Mervyn
  • CBI Refute Triple-Dip Claims

Apart from the release of January’s retail sales for the United States of America, today’s economic calendar is once again pretty thin. Thus, as we await to see if those US consumer survey »

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Morning Forex Review: Yen Takes To The Stars On G7 Rocket, Despite North Korean Missile Launch

13/02/2013 08:57

  • JPY Soars On Conflicting Interpretations Of G7 Communiqué
  • Draghi “No Such Thing As Currency War”
  • Obama - Same Old Same Old

Along with traders’ physiological health, the yen fluctuated wildly yesterday, rebounding from multi-year lows and reversing the previous day's late sell-off against the US dollar and euro. The »

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JPY Surges Vs USD & EUR AS G7 Gets Lost In Translation

12/02/2013 15:26

  • G7 Has An Almighty D’oh Moment
  • Euro Wipes Its Brow
  • Japan WILL Be In Spotlight At Moscow G20… OFFICIAL!

As a busy day unfolded for the EU, the single currency firmed to a fresh 5-day high against the US dollar. The euro’s re-emboldened move is seen to have been supported principally by crosses, a »

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Get In The Zone: Trading The Buy/Sell Zone

12/02/2013 15:09

One of the fundamental elements of finding success in the market is following the footprints. Footprints in the market tell a story and it is our job as traders to interpret that story. In this issue »

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Charting The Waters For Signs Of Potential AUD/USD Parity

12/02/2013 12:17

  • Thin Trading Offers Fresh Opportunities
  • Aussie Worth A Second Look
  • RBA Moves Eyed For Historic Rate Lows

With trading volumes on course for a second straight day of being thin, with focus on an upcoming speech in Spain by Mario Draghi followed later by Barack Obama’s State of the Union address, foc »

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Uneasy Lays The Economy That Bears The Krona

12/02/2013 11:27

Investors seem to have had an unlimited appetite for Swedish Krona since the debt crisis began…and it is little wonder. The biggest economy in Scandinavia, Sweden has continued to attract risk- »

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Yen Dips On Brainard’s No-Brainer

12/02/2013 11:11

  • USD Pops Up To A High of Y94.42
  • Spectra Of Currency War Looms
  • Korean Nuclear Test Weighs On The Yen?

Underlining the high degree of volatility ahead of the G20 and the Bank of Japan meeting at the tail end of this week, the JPY hovered near its lows against the USD and EUR overnight, sent spinning on »

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VIDEO TECHNICAL ANALYSIS: EUR/USD, AUD/USD And EUR/AUD

12/02/2013 10:17

In this video, Gregor Horvat takes a look at the outlook for EUR/USD, AUD/USD AND EUR/AUD. In EUR/USD, the team is tracking final stages of a wave B running triangle (00:19). Despite some choppy cond »

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VIDEO: Nick Beecroft On Currency Wars Ahead Of The G20

12/02/2013 09:33

As a regular expert commentator to this site, Nick Beecroft has become a familiar face to regular visitors to the FXS video section. An appearance on Bloomberg TV earlier this morning, however,  »

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Morning Forex Review: Euro On The Bounce After Weidmann’s Currency Comments

12/02/2013 09:04

  • Fundamentals To The Fore
  • Key Euro Drivers Explained
  • Single Currency Still Susceptible To Sentiment

As yesterday’s closure in the Asian markets for the Lunar New Year holiday combined with an overall lack of noteworthy market news and data, traders have been enjoying some leeway to blend their »

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JPY Consolidates As Abe Yens For New Central Bank Governor Of Choice

11/02/2013 16:22

  • Lunar New Year Hols Halt JPY Volumes And Volatility
  • Dollar/Yen Finds Consolidation Beneath The 93.50 Area
  • Yen Weakness certain To Persist In Wake Of Upcoming BoJ Meeting

Trading screens during the European session saw JPY breaking 93.00 versus the USD, at one point touching 93.50 as the pair traded in consolidation mode. This came on the heels of the latest bullish mo »

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Euro Starts Off A Busy Week With A Bumpy Ride

11/02/2013 14:23

  • Eurogroup Meeting Gets Under Way Amid Currency War Talk
  • OECD Help Lift Single Currency With Good News… Of Sorts
  • Consensus Building Of Recent Euro-Rally ‘Overdone’

The single currency, having nudged a two-week low of $1.3325 in Asian trade earlier today, (extending the sell-off that knocked around 2.5 percent off its dollar value last week) edged up 0.1 percent »

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Brazil’s Central Bank Eyes The Real Appeal

11/02/2013 13:23

  • Damp Squibs At The Ready Ahead Of Moscow G20
  • Currency War Chatter Ramping Up
  • Brazilian FinMin Gets Real

We have a pretty quiet day on the data front today, kicking off what looks like developing into a tasty week. The Eurogroup scheduled for early this afternoon will be worth keeping an eye on, principa »

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2013 Will Belong To Asia

11/02/2013 12:21

Last week we witnessed yet another positive surprise from China, with almost all data from the Asian superpower showing tentative improvement. The HSBC PMI Services index jumped to 54 from 51 last mo »

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Technical Analysis: AUD Looks Bearish Against USD and EUR

11/02/2013 11:44

Asian stocks lower today while many regional markets were closed for the Lunar New Year holidays. Australian stocks closed down for around -0.2 percent after worse than expected Home Loans numbers (-1 »

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Morning Review: Sterling Back In Race After A Week Of Correction And Reversal

11/02/2013 09:40

  • Euro Feels The Squeeze
  • JPY Gets A Jog-On
  • Dollar-Bloc Picks Up the Pace

Of all the major currencies to spring a surprise, last week saw something of a significant reversal when the recently resurgent euro suddenly found itself out-performed by the hitherto hidebound yen. »

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The Yen Fights Back - But Can It Last The Match?

08/02/2013 16:09

  • USD/JPY Down 0.90 Percent On The Day
  • Weak JPY Readings Paint Risky Picture For Yen Bulls
  • Seasonal Factors In Favour?

After a seemingly unstoppable decline against the US dollar in recent weeks, the yen finally burst higher in trading on Friday. The USD/JPY is currently down 0.90 percent on the day, at 92.75 on curr »

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Euro Struggles For Traction Despite China Data Lifting Wider Market Sentiment

08/02/2013 12:07

  • Euro Hits $1.33705
  • EUR Finds Draghi A Drag
  • China Import/Export Market Gives Global Economy A Boost

Having paused yesterday for the ECB rate announcement and Draghi’s appearance before the press, Asian shares and many of the safe-haven currencies resumed their rally in this morning’s ses »

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Currency Wars: Time To Pile In

08/02/2013 09:14

  • Morgan Stanley - Currencies ‘Increasingly Part Of The ‘Policy Debate’
  • Fear Creeps Back Into The Frame
  • JPY Slide Not Allowed To Reverse

Asian shares and the euro paused from their recent rally yesterday as market participants drew in their horns ahead of the ECB’s policy meeting and President Mario Draghi's press conference »

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Morning Forex Review: Euro Quakes On Draghi’s Roar While GBP Compares The Meerkat.com!

08/02/2013 09:02

Market sentiment continues to resonate on yesterday’s utterances from two distinct alpha-males. Like some David Attenborough wildlife documentary where the camera crew - having hidden themselves »

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Sterling Stuck In A 'Central Bank Sandwich'

07/02/2013 15:44

Having hit a three-day high of 1.5769 earlier in the European session, sterling has declined to 1.5705 against the dollar on a flurry of rhetoric from the Bank of England's new governor Mark Carney, a »

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Ones To Watch For The Week Ahead

07/02/2013 14:47

As investors continue to digest tidbits of information from this afternoon’s ECB meeting, eyes are already turning towards data releases which could provide further indication of global economic »

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ECB Press conference - LIVE BLOG

07/02/2013 13:41

Follow the ECB press conference with us - starting 13:40 GMT. 13:43 - Draghi confrims that economic weakness in the euro area will persist early part in the year but will rebound later in 2013. »

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Trade Of The Week: AUD/USD

07/02/2013 13:39

ForexSpace.com (LONDON) - The Australian dollar deteriorated substantially against its US counterpart in the past week, following an unexpected drop in retail sales and strong indications that th »

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Is The NFA About To Destroy US Retail Forex Trading?

07/02/2013 12:45

Earlier this month the National Futures Association (NFA) announced plans to ban credit cards or PayPal-type deposits to US retail forex and futures accounts. Can such a ban be justified or is this an »

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Never Mind The Rate - It's Eyes On Draghi This Afternoon

07/02/2013 09:33

The euro has turned distinctly bearish this morning ahead of a hotly awaited announcement from the European Central Bank (ECB). Higher-yielding assets such as crude oil and the Aussie dollar have made »

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AUD Get’s An Eye-Watering Tweak Down-Under On Disappointing Data

07/02/2013 09:07

  • Aussie See-Saws
  • Australian Jobs Data Could Prove ‘Pivotal’ For AUD
  • Aussie Investor Sentiment Hanging In The Balance

The prize for yesterday’s biggest mover on the currency charts went to the Australian dollar; albeit the move was decidedly to the downside, following disappointing retail sales figures showing »

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Morning Forex Review: Euro Pares Losses In Wake Of German Comments Ahead Of Today’s ECB Meeting

07/02/2013 08:31

  • Plenty Of News To Titillate The Markets
  • Franco-German Euro-Overvaluation “Tittle-Tattle” Gathers Steam
  • Sterling Winces While Carney Waits In The Wings

Yesterday’s somewhat subdued and range-bound trading scenario while the market prepared itself for today’s ECB meeting allowed the focus to dwell on forex news events. Thus, as the UK »

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Alpari Co-Founder Launches New Cyprus Based Broker

06/02/2013 16:43

ForexTime, which was set up by Alpari Co-Founder Andrey Dashin in December has now officially been launched and has begun to accept clients.   Last month Alpari closed its Cyprus office with th »

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Political Chaos In Europe Feeds Market Jitters

06/02/2013 16:27

Anyone with experience of the Foreign Exchange markets will tell you, just as we manage to convince ourselves that something is about to happen or will continue to happen then the market, for whatever »

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Time To Bank On The Swiss Franc?

06/02/2013 12:29

Is Europe in trouble again? Many investors have woken up to yet another red open for the currency and may be starting to ponder whether the euro still a bullish story. Lior Alkalay asks whether the si »

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Gold Painting a Weak Technical Picture

06/02/2013 10:32

  • Precious Metals Strengthen On EZ Fears
  • Profit-Taking, Technicals Undermining Any Rally
  • Supports/Resistances – GCI Finanical

Gold prices continued heading south in morning trading on Wednesday, prolonging a decline from yesterday’s peak above the $1,681 mark. Further concerns over the fate of the euro zone, spur »

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Morning Forex Review: Euro Sees Some Profit Taking Ahead Of ECB Meeting

06/02/2013 09:12

  • Spanish & Italian Politics Still Show Potential For EUR Disruption
  • Improving EZ Data Provides Counterbalance
  • Hollande - Euro Zone Must Protect Its Currency From "Irrational Movements"

The European shared currency resumed its multi-week trend of ascendency through yesterday’s trading as the corruption accusations in Spain surrounding the country’s Prime Minister Rajoy se »

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Time To Take Profit On EUR/USD Longs

06/02/2013 08:42

It's been another volatile start to the week for the EUR/USD. Struck by claims of political corruption and the threat of a leadership change in beleaguered Italy, the pair was seen heading lower on tr »

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Anyone Got A Quid? DCIM Capital Up For Auction At Knockdown Price

05/02/2013 16:04

DCIM Capital, the company who last month gave us the first ever social analysis trading platform, have now put their company up for sale via public auction. Yesterday, DCIM Capital, a London based br »

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USD/CAD Subdued - Poised For Break Higher?

05/02/2013 15:47

It’s been a very quiet couple of days for USD/CAD. The pair continues to stick close to the parity line, unable to sustain any momentum in either direction. But charts are showing signs of trade »

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Euro Bounces Back From Earlier Sell-Off

05/02/2013 15:16

  • EUR/USD - From Headless Chicken To Raging Bull
  • GBP Gets A Glimpse Of The Good Life
  • Nordic Export Economies Buoyed By Latest EZ Data

What a difference 24 hours can make. This is especially so in the case OF euro zone sentiment, where the febrile fringes merely have to show the slightest hint of fraying for talk of wholesale unravel »

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The Pros and Cons of Dealing with an ECN Broker

05/02/2013 14:16

The emergence of ECN (electronic communications network) brokers in the forex market brought the promise of providing a level playing field to retail forex traders. It brought fresh hope for those who »

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Euro Zone Retail Sales Data Disappoints

05/02/2013 10:11

ForexSpace.com (LONDON) – Euro zone retail sales figures emerged below expectation Tuesday morning, declining -0.80 percent for the month of December as opposed to estimates of 0.50 percent. Th »

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Euro Blinks As Euro Zone Machinations Conjure their Very Own Richard The Third!

05/02/2013 09:34

  • 1485 And All That
  • Stakes Getting Higher
  • Italy, Spain And France Throw A Spanner In The EU Works

As far as ignominy goes, for any old commoner, let alone a king - and one of the most notorious ones at that - to have ones bones unearthed from beneath a council car park transmits a pretty dire mess »

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Getting A Taste For Risk: Gold Prices Under Threat?

05/02/2013 09:08

Despite some choppy trading Monday, both gold and silver remained strong against a backdrop of a strong dollar, US stock indexes and rallying Asian and European stock markets. It seems investors are g »

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Euro Takes A Breather For Periphery Politics, While USD/JPY Gets Busy

04/02/2013 15:08

  • Markets Still Expecting EUR Rally To Extend
  • Spanish Bonds Yields touch 6-Week High
  • Softer Yen Still In The Mix

It’s been all too easy to wax lyrical over the reinvigorated single currency of late (back from the brink of extinction), that many players out there blinking at their screens this morning might »

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Euro Bulls Seeking Exit In Cautious Trade

04/02/2013 12:14

The euro fell against a basket of currencies this morning, as investors reacted to unnerving reports and downbeat data from the euro zone. Dean Popplewell, Chief Currency Startegist at OANDA, gets a h »

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GBP/USD Moving Higher As Construction Sector Flags

04/02/2013 11:42

  • GBP/USD Up 0.20 Percent
  • Eighth Month Of Stagnation Caps Gains
  • Tough Resistance At 1.6302

The pound made ground against its trans-Atlantic peer Monday morning, despite data out which showed that the UK’s construction sector remained in contraction in January. GBP/USD is currently up »

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More Pain For Spain (And This Time It’s Personal)

04/02/2013 10:01

  • Spanish Unemployment On The Rise
  • Euro Down 0.43 Percent On The Day
  • Rajoy Faces Corruption Claims

Data out Monday morning has confirmed that the Spanish economy was still mired in recession at the beginning of 2013, with the country's PM at the centre of a corruption storm. The number of Spaniard »

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Oil Buoyed By Positive US Consumer Sentiment

04/02/2013 09:31

On Friday, Crude Oil prices advanced marginally against the USD for the 24 hour period ending 24:00GMT, closing at 97.61, on the back of upbeat US consumer sentiment and manufacturing data. In the US »

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Morning Forex Review: Euro Revs Up Ahead Of ECB Rate Hold Expectations

04/02/2013 09:07

  • Markets Looking For The Rally To Extend
  • JPY Slide Vs USD & EUR Set To Resume
  • ECB Expected To Strike Hawking Tone

The markets finished last week on a major world-wide rally, hitting multi-year highs on Friday’s US manufacturing and employment data. Amid intensifying indications of a global economic recover »

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US Construction Spending Beats Expectations - Up 0.9 Percent

01/02/2013 15:21

Construction spending in the US rose at the end of last year, a report from the Commerce Department said Friday, rising 0.9 percent to an annualised rate of $885 billion. Economists surveyed ahe »

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Jobs Data Will Dampen Talk Of US Recession, But Does Dollar No Favors

01/02/2013 15:11

The January Non-Farm Payrolls 157k increase was in line with expectations, but the back month revisions were worth another 127k and average hourly earnings rose 0.2 percent a bit more than expected.&n »

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Dollar Double-Takes On Softer Than Expected US Non-Farm Payrolls Data

01/02/2013 14:08

  • Cable Bounces On News
  • NFP’s Spring No Real Surprise
  • EUR/USD - Jury Still Out

The market, which collectively held its breath this morning for news coming from the US, has at last exhaled on the news of the Non-Farm Payrolls in the United States rose less-than-expected last mont »

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Non-Farm Payrolls Delivers No Big Surprises

01/02/2013 13:33

After a week of intense speculation, US Non-Farm Payrolls data is out and broadly in line with analyst expectations. Analysts surveyed before the event had posted expectations for 160k jobs to have b »

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Sterling’s Glass Half Full Data Day

01/02/2013 13:20

  • Contrasting Cross-Channel Fortunes Sees Euro Push Higher Versus Sterling
  • GBP Also Under Pressure On Cable Chart
  • NFP’s Imminent

 

Barely have we left behind a rather topsey-turvey first month of 2013 - not least in the UK, where data so far has been mixed - and the FTSE 100 this morning recorded its best opening month in two-doz »

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Euro On The March As Single Currency Zone Data Suggests A Stabilizing Trend

01/02/2013 12:03

  • A New Month With Trending In The Ascendency
  • EUR And JPY Continue To Head In Wildly Opposite Directions
  • Where Will Dollar/Yen Be By End Of Play?

The fragile calm which hung over the foreign exchange market as January came to a close proved to be something of a Damoclean sword. The signs were always there, of course, with some pretty sizable mo »

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Weakness On The S&P Futures Could Cause Pull-Back For EUR/USD

01/02/2013 09:31

Asian stocks were mostly higher today, while USD remains in a downtrend against the EUR and CHF, but higher against very weak AUD after worse than expected PPI numbers from Australia (0.2 vs 0.3) and »

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Morning Forex Review: Euro Riding The Wave As US Jobless Data Heaves Into View

01/02/2013 09:00

The first day of a new month and the euro powers forward, riding high atop the crest of the Elliott Wave that has investor sentiment firmly in favour of the shared currency. Having risen 0.3 percent »

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GBP/USD: Dollar Declines On Increase In Number Of Jobless Claims

31/01/2013 16:35

ForexSpace.com (LONDON) - The dollar has deteriorated against the pound after the number of jobless claimants in America rose more than anticipated by economists.  A US »

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Private Sector Key For Non-Farm Payrolls

31/01/2013 15:20

This week’s economic calendar has been stuffed with high profile US economic data. Investors have been hit by consumer confidence, S&P/Case-Shiller Home Price prices, Q4 GDP, the highly wat »

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Euro Rally Slows Beneath Weight Of Data

31/01/2013 12:34

  • German Retails Sales & DB Losses
  • USD & JPY Back In Safe Haven Territory
  • Euro Still Looking Healthy Despite Today’s Pause

Traders strapping themselves in ahead of tomorrow’s US NFPs has contributed to a decidedly slow start to the London morning, despite the surprise data out of Germany. As shares across Europe tum »

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What Next For Gold?

31/01/2013 12:23

  • Gold ‘Pop-Up’ Is No Rally – Analysts Warn
  • Price Drops From One-Week High
  • Payrolls Data Weighs Heavy

Gold staged an impressive run up charts Wednesday, gaining momentum after the Federal Reserve left in place its gold-supportive bond-buying stimulus plan. But analysts are now warning that the initia »

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What Does The Euro Zone Data Mean For The EUR/USD?

31/01/2013 10:55

Trading remained subdued Thursday morning as investors digested a round of data out from the euro zone and awaited US jobless figures due out later Friday. Craig Erlam, market analyst at Alpari UK, of »

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Editor’s Morning Forex Review: USD - All Quiet On The FOMC Front

31/01/2013 08:55

  • Limited Effect On market Of Yesterday’s US Fed Presser
  • Dollar/Yen Consolidation Prevails
  • All Eyes Now On Tomorrow’s Non-Farms

It could be said we were well and truly softened up yesterday ahead of the FOMC main event by the unexpected drop in last year’s final quarter USA GDP. Even so, while the grim news that the worl »

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USA GDP Weighs Heavy On Greenback As FOMC Awaits

30/01/2013 16:17

The focus remains on the clock face as the hands tick inexorably towards 14.15 hundred hours EST. As we await the Fed’s much anticipated statement, there’s been plenty to light up the trad »

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USD/CAD Pauses At Parity

30/01/2013 14:05

New contributor to ForexSpace, Anna Coulling (pictured), gets to grips with the USD/CAD and ponders its next movement ahead of the FOMC announcement at 19:15 GMT. Following the recent breakout for th »

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Will The Euro Pause For Breath?

30/01/2013 13:23

The euro zone crisis is far from over as we all know, but you can’t beat a bit of positive sentiment. The euro has caught a bid tone in the last week, as further position unwinding (of long CHF »

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Euro/Sterling – Trading On The Technicals With An Eye To Parity Down the Road

30/01/2013 13:11

  • Euro/Dollar Smashes Through Psych Level
  • USD Selling Looks Set This Afternoon
  • Whither EUR/GBP?

Having at last pushed through the 1.3500 psych level, euro/dollar looks set to plough on into the upcoming busy US session. The pair continued on its path of extending gains during the European mornin »

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Euro To Reach Parity With Sterling?

30/01/2013 12:12

The euro has been through some rough times of late. A little over a year ago, the currency’s survival was in serious doubt and many argued that the European Union was on the verge of collapse. Y »

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Euro Shrugs Off The Pain In Spain

30/01/2013 11:26

  • Spanish GDP data Worse Than Expected
  • EUR Hits $1.35 Vs USD
  • EUR/GBP Rallies To 0.8590

While the US is going to be under the spotlight today, and chewed over ad vomitum, it’s also been pretty busy in Europe this morning. The euro hit its highest level in over a year on Wednesday a »

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The Euro Rally Is Not Over Yet...

30/01/2013 10:42

  • Euro At 14 Month High
  • Is The Rally Over?
  • On FX Trading Platforms Today…

The euro soared to its highest level in 14 months on Wednesday, buoyed by fresh hopes for the future of the single currency bloc.  The EUR/USD is currently trading up 0.25 percent on the day, at »

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Editor’s Morning Forex Review: GBP/USD Primed For More Upside Action Ahead Of FOMC

30/01/2013 08:43

  • Recent US Data Reinforces Fed Holding Current Ultra-Easy Strategy
  • Greenback Slips Vs JPY
  • FOMC Doves Look Likely To Keep The Upper Hand

We spent a fair amount of time yesterday cogitating over the freshly unveiled US January consumer confidence findings and concomitant uptick on the cable chart. The new data shows how state-side purch »

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FX Trading Simulator Hits The iPad

29/01/2013 16:26

  • ChartIQ Release ‘First’ Technical Training Tool
  • App Features Historical Data For Over 60 Pairs
  • The Future Is Mobile

If you are a budding investor - keen to a dip a toe into the murky waters of fx trading but unwilling to take the plunge – then ChartIQ may have just released the perfect product for you. Alrea »

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London Extends Its FX Trading Dominance Despite Global Downturn

29/01/2013 15:42

  • New Data Shows United Kingdom Takes 37 Percent Of Global FX Turnover 

Despite FX trading volumes being reported as way down on previous years, currency volatility, the single dominant factor driving the forex market, has continued to be the central driver through 2012 a »

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Sterling Thrown A Sell-Off Bone By Early Profit Taking

29/01/2013 14:19

  • GBP Enjoys Brief Respite Amid Gloomy Territory
  • Market Players Eye Further GBP Weakness Targeting Drop To $1.5636
  • Sterling Still The G10’s Second-Worst Performer After JPY

We’ve a somewhat lightweight data day today, a gauge of US consumer confidence being the centrepoint release. Most market participants’ focus is played forward to tomorrow’s US GDP f »

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What Is The US Redbook?

29/01/2013 12:04

During the next few days a veritable slew of American data will be hitting the markets, rounded off with a non-farm payrolls grand finale on Friday. But not every indicator is quite as well-known or c »

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Currency Rate-Fixing Spotlight Turns To Singapore

29/01/2013 11:17

  • Possible Wrong-Doing In Singaporean NDF Market
  • Collusion Between Traders Suspected
  • ‘Outcome Uncertain’

I read with interest a breaking story from Reuters about how internal reviews in to Singapore-based banks have uncovered a likelihood of shady goings-on throughout the non-deliverable foreign exchange »

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Editor’s Morning Forex Review: USD Hits Two-And-A-Half-Year High Vs JPY

29/01/2013 09:03

  • Selling Yen Still The Only Game In Town
  • USD Touched An Overnight Low Of 90.40 JPY
  • European Data Today Kicks Off With Yet More Pain In Spain

 

The Markets calmed overnight with an uptick on the VIX fear gauge combined with a rise in Chinese equities, registering the principal moves. As we reported, yesterday’s US data came out mixed, w »

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Bullish DAX Is Typically Bullish For EUR/USD-Elliott Wave

29/01/2013 08:56

US stocks market was sideways yesterday but in Asia equities were higher and supported the JPY-crosses and some commodity currencies. With that said, our risk-on bias remains in play. We expect more g »

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Dollar/Yen Wobbles On Today’s Mixed US Data

28/01/2013 16:54

  • December US Pending Home Sales Disappoints
  • JPY Rhetoric Still Weighing
  • Wednesday’s Fed Meeting Eyed

We see the European single currency currently bouncing against an 11-month high versus the greenback, not merely on the now widely-touted new-found optimism around the euro zone economy, but also data »

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Dollar/Yen Drivers Focus On The USA

28/01/2013 13:43

  • Slight pause In Risk Sentiment Ahead Of FOMC & Friday US Payrolls
  • Euro Comes Off 11-Month Peak Vs USD On Profit Taking
  • JPY: Wither The ‘Rentier’ Economy?

As reported earlier on this site, the USA enjoys the primary focus this week, with durable goods sales today followed on Wednesday by the FOMC meeting. Rounding matters off with payrolls for January a »

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Euro Basks In Rejuvenated Safe Haven Status

28/01/2013 10:51

  • Carney Not Minded To Believe Monetary BoE Policy ‘Maxed Out’
  • GBP/EUR Coming Under Further Pressure
  • Euro Stays Firm Vs USD

We’re full steam ahead this week for what looks slated for plenty to keep us busy, whether on the  corporate earnings front (which continues apace in the US) or in terms of economic data re »

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Editor’s Morning Forex Review: BoJ’s JPY Stance Reignites Currency Market Tension

28/01/2013 08:54

  • Risk Assets Still On The March
  • Currency War Back In The Frame
  • USD/JPY Inexorably Moving Towards 94.75

With the final week of January already upon us, the market sentiment has clearly turned bullish in the face of a global rally in risk assets. With recovery hopes intensifying as tail risk diminish, 2 »

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Are Gold & Silver Prepared To Fall?

28/01/2013 08:35

Over the past few months the metals have very subtly weakened throughout the market. Gold has moved from near $1800 to its current price of approximately $1660, almost without notice. Silver has done »

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TECHNICAL ANALYSIS: USD/CAD Grinding Higher

25/01/2013 14:38

In the last few days we have seen some seminal price action in the USD/CAD pair, namely a break and hold above parity which had been tested on several occasions over the past few months. The first at »

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Sterling’s Feet Held To The Hot Coals Of Incendiary GDP Flash Data

25/01/2013 12:50

  • Demands For Plan B
  • GBP Takes A Pounding
  • Weak UK Manufacturing Output Drags Economy To Its Knees

 

For all of George Osborne's protestations, (as reported earlier on this site) that Britain’s woeful fourth-quarter GDP figure is variously the fault of the previous Labour government (in opposit »

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Japan’s Leading A Race To The Bottom – Will The UK Follow Suit?

25/01/2013 12:15

Last week the Japanese yen sunk to its lowest point in two years, trading at 89.67 against the US dollar. A prohibitively strong yen has left Japan’s economy in the doldrums. Between 1980 and 20 »

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Strong German Business Confidence Has EUR/USD Heading Higher

25/01/2013 11:43

The euro has advanced to its highest level in over a year against the dollar as German business confidence improved and ahead of the ECB's announcement of how much of its three-year loans financial in »

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Sterling Winces As Osborne Whinges On Poor GDP Data Print

25/01/2013 10:18

  • UK’s Austerity Strategy Coming Under Intensified Scrutiny
  • GBP Smash Down Again The USD
  • “UK Will Not Return To 2008 Levels Until 2015”

With data out of the USA looking light on the ground today, (new home sales released later are expected to show a healthy uptick) all eyes are on the UK this morning where we’ve just had the rel »

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Gloomy Forecast For The UK As Sterling Dips On GDP Data

25/01/2013 09:38

The UK’s gross domestic product fell more-than-expected in the last quarter of 2012, preliminary official data showed on Friday. A report issued by the Office for Ntaional Statistics revealed t »

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Editor’s Morning Forex Review: Cable On Course For 1.5800 Ahead Of UK GDP

25/01/2013 08:52

  • Fourth-Quarter Figures Eyed
  • Sterling Holds Its Nerve - Just
  • UK Triple-A Still In The Firing Line

A big day today for the UK, and one moreover which Chancellor of the Exchequer George Osborne will have had underlined in red biro for some time. Or perhaps not in red biro, for a leak yesterday doing »

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Can Gold Win The Currency War?

24/01/2013 15:47

Since a little over a year ago, soaring gold prices have had the investment community captivated. With FX players and analysts raising targets by the day, the markets have been gripped by 'gold mania' »

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Trade Of The Week

24/01/2013 15:37

The yen has rallied off of a two-and-a-half year low against the dollar this week, the pair's longest run of gains in almost two months on speculation that the Bank of Japan's (BoJ)monetary easing wil »

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Brokers Must Adapt Or Die: An Interview With Saxo Bank CEO Kim Fournais

24/01/2013 15:35

Few would dispute that mobile technology is here to stay. But as businesses wake up to the reality of what becoming truly mobile means, the well-worn boardroom cliché ‘adapt or die’ »

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Summary Of Market Movements

24/01/2013 15:34

It certainly has been a mixed bag on the markets over the past week. With trading volumes remaining painfully thin, further starved by Monday’s shut down in the US for the Martin Luther King hol »

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Yen Traders – Keep Your 10-Foot Barge-Poles At The Ready!

24/01/2013 15:27

  • Yen Comes Under Increased Pressure
  • Dollar/Yen Pushing Back Above SMAs
  • USDJPY: 100 “No Big Beal” Says Japan Trade Minister

A look at the hourly dollar/yen chart gives clear indication of the price rapidly pushing back above the 100- and 200-SMA's, with indicators heading north in overbought territory. Thus we’ve see »

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Taking A Bite Out Of The Apple: How Corporate Earning Impact The Currency Markets

24/01/2013 12:53

  • PMI Data Shows Mixed Picture
  • US Unemployment Figures Awaited
  • Q4 Corporate Earnings Season Explained

The focus today is dominated understandable enough by a slew of PMI data. Thus far, it’s been a veritable curate’s egg, ranging from the very poor (France), to the very good (Germany), all »

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Storm Clouds Gather For Sterling

24/01/2013 11:17

  • Worries Of Triple Dip Recession Resurface
  • Bearish Sentiment Prevails
  • Eyes On Friday’s Q4 GDP Figure

Sterling in general is trading from a “heavy” perspective with numerous technical support levels having been taken out in the last week, and with the dizzy heights of 1.6380 (the high atta »

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Saxo Bank Open Istanbul Office

24/01/2013 11:00

Trading and investment giant, Saxo Bank, have announced the opening of a new office in Turkey’s largest city, Istanbul. In May 2012, Saxo Bank purchased 89.54 percent of local brokerage, Değer »

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EUR/USD To Re-Test 1.35 In The Wake Of EZ Data?

24/01/2013 10:49

  • Composite EZ PMI Rises For Third Month
  • Devil In The Detail: France Struggling
  • Analysts Eye A Re-Test Of 1.3350

The Markit Eurozone PMI Composite Output Index rose for the third consecutive month in January according to the flash estimate, up to a ten-month high of 48.2 from 47.2 in December, and  up sharp »

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Editor’s Morning Forex Review: Safe-Haven JPY Slips On Improved Chinese Manufacturing Flash Data

24/01/2013 09:16

  • Mixed Earnings Sends Many Investors Hunkering On The Sidelines
  • AUD Gains Support 
  • US Debt Ceiling Standoff Vote Passed

Away from all the Cameron shenanigans and Davos diversions, stocks across Europe struggled for direction yesterday, with most edging lower overnight, trimming some of the previous session's gains. Thi »

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Aussie Goes Down Under; Set For A Rebound?

23/01/2013 16:10

  • AUD/USD Down 0.28 Percent On The Day
  • Risk Sentiment Weighed On By Downbeat Data In Aus, US
  • Analysts Prepare For An Aussie Comeback

The Australian dollar continued to suffer against the US dollar Wednesday, as markets reacted to downbeat data from ‘down under’. The Australian Consumer Price Index (CPI), which is relea »

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GBP/USD Rebounds From 1.5801 Low – No Thanks To Cameron

23/01/2013 14:00

  • BoE Minutes: Major Tail Risks Facing Global Economy ‘Reduced’
  • Sands: ‘UK Needs To Remain Part Of The EU’
  • Selling GBP On PM’s Speech ‘Not Rational’

Presumably in contrast to the UK (after PM Posh Dave’s ‘in or out’ speech this morning) investors in Europe see their optimism around the common currency buoyed in the wake of contin »

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New Trading App Bags Dow Jones Feed

23/01/2013 12:34

  • New Open FX Trading Platform Cracks Dow Jones
  • App Prospects Gathering Pace
  • Named 'Most Innovative Product'

Brand new online trading platform app, tradable, has announced a partnership with international news provider Dow Jones as part of its bid to bring traders the world’s first open FX trading plat »

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Sterling Stages Minor Recovery; Minutes Show QE Concern Lingers

23/01/2013 10:03

  • Sterling Bounces From August Low
  • Investors Heed Investment Rating Warnings
  • MPC Minutes Cast Doubt On King’s Dovishness

Sterling staged a minor recovery Wednesday morning, in the minutes after better-than-expected jobs data for the months of November and December was released. The figure dropped by 12,100 in December, »

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Sterling Stumbles As UK Finds Itself In ‘Le Stink’ And Uncompromising Cameron Fights ‘Em On The Beaches!

23/01/2013 08:46

  • Sterling Slightly Lower Against USD
  • Euro/Sterling Trading Flat
  • Beware Depth-Charges

 

The international financial community's preeminent annual gathering officially gets underway today with a speech from the Russia Prime Minister, Dmitry Medvedev. Thus, the World Economic Forum, aka Da »

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Sterling Sentiment Squeezed Further Still After Widening Budget Deficit News

22/01/2013 15:37

  • GBP Set For Move Vs EUR Towards 1.1775
  • UK Headed For Triple-Dip
  • Spain Basks In Better That Hoped Bond Sale

Sterling, already weaker on speculation that the economy slipped back into contraction territory in the three months to December with -0.1 percent growth anticipated, hardly got a fillip by this morni »

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Dollar/Yen Uptrend Ain’t Finished Yet?

22/01/2013 14:41

  • BoJ’s ‘Game Playing’ Disappoints The Markets
  • European Sentiment Lifted By Better Than Expected German Data
  • EUR Fails To Follow Through Today’s Tops Of 1.3370

All the earlier shenanigans around the Bank of Japan has been dubbed by Kathleen Brooks, research director at FOREX.com, as something of a tactical game. As she ponders of the BoJ's recent action, did »

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Chill Winds Strike Sterling

22/01/2013 13:11

  • Sterling Up On The Day – Long-Term Prospects Dwindle
  • GBP/EUR At Lowest Levels Since March 2012
  • FX Trading Platform Guidance

Sterling has slumped back from session highs of 1.5870 against the USD as downbeat economic data and fresh fears over the state of the UK economy knock investor confidence. Currently trading at 1.586 »

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Yen Demand To Return Amid BoJ Impotence

22/01/2013 12:15

This morning one of the most anticipated Bank of Japan meetings in recent years took place. Writing exclusively for Forexspace.com, independent FX analyst, Lior Alkalay, assesses the impact on yen inv »

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Risk Players Sweep The Markets As BoJ Presser Gives Rise To Traders Locking In Profits

22/01/2013 11:49

  • BoJ Plays To The Gallery
  • USD/JPY Interbank Stops All Done - Decent Bids Seen 88.30-40
  • Were YOU Sniffing The Dip?

Whilst Japan’s media have got all excited over their newly-installed Prime Minister Shinzo Abe hailing monetary regime change, investors in the ‘real world’ have woken up feeling sur »

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Editor’s Morning Forex Review: Volatile JPY Gets Gee’d-Up By BOJ Easing News

22/01/2013 08:58

  • Market Shrugs In The Wake Of BoJ Having Under Delivered
  • Yen Falls Briefly vs US Dollar Before Reality Sinks In
  • EUR Touches 120.18 JPY, Then Also Runs Out Of Steam

Whilst it cannot be denied that we’ve embarked on a week imbued with a market scenario appearing on the perky side, volumes remain woefully thin. It can hardly be claimed that the markets have b »

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EUR/USD Slides Sideways In The European Snow

21/01/2013 15:51

  • US Budget Talks Eyed
  • Bund Yields Up, Though rest Of European Bonds Going Nowhere Today
  • Russia Raises The Ugly Prospect Of Currency Wars… Again!

Following an early morning push by the UK FTSE 100, posting fresh four-and-a-half-year peaks on an appetite fuelled by indications of progress on US budget talks, European shares also found themselves »

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Sterling Under Pressure For Another Big Weak

21/01/2013 12:10

  • GBP On The Ropes As Doubt Sets In Ahead Of Q4 2012 GDP Print
  • FTSE Up As Optimism Creeps In On US Budget Deal
  • Sterling To Come Under Further Pressure This Week

As reported on this site earlier today, trade is expected to be on the quiet side with snow bringing its usual disruption to London, whilst the United States has shut up shop in observance of the Mart »

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Dollar Dips Ahead Of BoJ Decision

21/01/2013 11:58

  • Dollar Down From 2 ½ Year High Vs. Yen
  • Saxo Bank Analysts Ponder BoJ Announcement
  • USD Largely Flat Against EUR, GBP

The US dollar retreated from two-and-a-half year highs against the yen on Monday, as markets awaited the Bank of Japan’s policy press conference. The yen’s recent losing streak has been p »

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Brent Prices Remain In Pressure Cooker

21/01/2013 09:53

  • Brent Finishes Higher 5/6 Past Weeks
  • Algerian And The New ‘Fear Factor’
  • Energy Agency Spark Fresh Supply Concerns

Brent crude prices opened lower Monday morning, as profit-takers acted on the commodity’s fifth finish higher in six weeks. Currently trading at 110.61 on charts, the commodity benefitted from »

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TECHNICAL ANALYSIS: EUR/USD On The Wane But Expect 'A Good Bounce'

21/01/2013 08:55

EUR/USD did retest 1.3395/1.3405 resistance on Friday and we warned of a strong chance that the market could not break higher. A top was seen here as expected and 1.3325/15 support is being tested bu »

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Editor’s Morning Forex Review: USD/JPY - Mamma Mia… Here We Go Again!

21/01/2013 08:42

  • US Holiday Means More Low Volumes
  • Bullish Euro/Dollar Could See Eventual Upside Breakout Towards 1.3490
  • Dollar/Yen - It’s Gonna be An Abba-Dabba-Do-Da-Day!

The new trading week has opened with the euro higher against the US dollar. There’s every likelihood today - with volumes inevitably squeezed by the United States closed for Martin Luther King D »

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Euro Strength On The Wane After Recent Gains

18/01/2013 15:24

EUR/USD has displayed a lot of volatility this week, and this trend is continuing in Friday trading. But what have been its main drivers? And where is the single currency headed next? Take a few minut »

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USD Losing Ground On Downbeat Confidence Survey

18/01/2013 15:19

US consumer sentiment dive-bombed for the second consecutive month, a survey published Friday showed, with the USD sustaining losses against the JPY as the data emerged. The survey, compiled by Thoms »

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Pound Continues To Deteriorate On Retail Shocker

18/01/2013 10:20

  • GBP Down 3 Percent Against Euro
  • Retail Sales Down 0.1 Percent In December
  • Weaker Pound = Good News For The Economy?

The GBP/USD continued to lose ground Friday, as disappointing UK retail sales data hit an already weak pound. Now trading at 1.5929, down 0.42 percent on the day, the pound has been weakened by impro »

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Euro Sentiment Still Riding High

18/01/2013 09:00

  • Euro Up 0.63 Percent At End Of Play Thursday
  • Sentiment Remains Governed By Euo Zone, US Developments
  • Eyes On US Sentiment Index

 

The euro rose an eyewatering 0.63 percent agianst the USD for the 24 hours leading up to 23:00 GMT on Thursday, after Spain successfully sold over  €4.5 billion of bonds maturing in 2015, 20 »

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Spanish Bond Auction: FX Markets Eyeing The Bond Market For Direction

17/01/2013 13:18

  • Spain Hits 9 Percent Of Borrowing For 2013
  • Investor Optimism Riding High
  • Euro Soars On Auction Results

Improved investor optimism in the potential for a euro zone recovery helped Spain cut debt costs at a bond auction on Thursday. The Spanish Treasury managed to sell €4.5bn worth of bonds maturin »

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Sterling Is The Weakest Link

17/01/2013 11:48

The year has opened with a thrust of bullish momentum and a sense of euphoria. The risk of the EU dissolving has largely been pushed aside by the determination of the ECB to do whatever is necessary. »

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VIDEO ANALYSIS: EUR/USD Strength And Mixed USD/JPY Signals

17/01/2013 10:54

Today’s video analysis from Gregor Horvat focuses on the dollar index, EUR/USD and USD/JPY pairs. As the dollar dips to session lows against the single currency, Horvat explains why he is still »

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EUR/USD Blasts Resistance At 1.3300 On EZ Optimism

17/01/2013 10:33

  • Dollar Reverses Gains On German Minister Comments
  • Markets Reassured By Greek Payment
  • Support/Resistance On FX Trading Platforms Today…

The US dollar plummeted to session lows against the euro Thursday, as investor optimism surrounding the single currency rallied and easing prospects in Japan gathered pace. At the time of writing, th »

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AUD Weakness Working Better Against EUR Than USD

17/01/2013 09:14

Asian shares were mixed today while USD dollar and JPY were trading mostly sideways, but not against the AUD which fell across the board after bad employment data from Australia (-5.5K vs. 2.3 exp). »

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EUR/USD Forecast 17th Jan: Chance Of A Low For The Day

17/01/2013 09:01

EUR/USD held just above our support at 1.3249. We were unable to beat 1.3325 level however and in fact we topped out exactly here. If we hold below 1.3325/18 there we should drift back towards 1. »

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Euro Stages Mini Recovery; Dollar Still In The Driving Seat

16/01/2013 15:49

  • USD Remains In Up On The Day Against Most Currencies
  • Traders Seek Cover Amid Storm Of Forecast Warnings
  • Juncker’s ‘Kiss-Of-Death’

The US dollar fell back from a session high against the euro and Canadian dollar Wednesday afternoon, as intense concern over global economic growth subsided. The US dollar hit 0.9878 during early tr »

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Japanese Ministers Put The Brakes On Yen Weakness

16/01/2013 12:36

The yen has been the main mover and shaker of the last few weeks and dominated traders thoughts and countless column inches. Indeed after protracted period of relative inactivity, albeit with yen at r »

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Gold Shines On Global Cues

16/01/2013 10:33

  • Gold Remains Near 2-Week High
  • Fed Chairman Glosses Over End-Of-QE Claims
  • Strong Euro, Japan Easing Expectations Keep Hard Assets Buoyed

Gold futures remained hiked in early trading Wednesday - close to two-week highs hit earlier in the week as sentiment on hard assets such as gold remained buoyed. Gold was trading at $1, 678 at the t »

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Saxo Bank Goes Mobile For 2013

15/01/2013 13:01

  • Saxo Bank Launches Mobile Site
  • Ten Percent Of Visitors Use Mobile Device
  • Market Continues To Shift Towards Mobile Trading Tech 

Multi-asset online trading and investment specialists, Saxo Bank, have taken a brave new step towards technological enlightenment. Recognising a fundamental market shift towards trading ‘on the »

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All Quiet On The Western Front…

15/01/2013 11:08

  • Trading Platform Activity Subdued
  • Chart Reaction To Bernanke ‘Unusually Small
  • Investors Await Data For USD Clues

Minor moves aside, FX trading platforms were relatively quiet Tuesday morning as investors reacted to a distinct lack of direction from the Fed’s head honcho, Ben Bernanke. The EUR/USD fell bac »

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Gold Shines Ahead Of Bernanke Speech

14/01/2013 17:03

  • Gold Buoyed By Bernanke; Global Easing Attitudes
  • Japan Targets New Inflation High
  • Analysts Bullish On Gold

Gold continued to climb commodities charts Monday, mirroring gains made by the currency markets off the back of euro zone optimism and ahead of a speech by Fed chairman Ben Bernanke. Trading at 1.667 »

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Euro Range Bound...At Multi-Month Highs

14/01/2013 16:14

The euro appears to be back in its box, trading range bound ahead of a speech by Ben Bernanke and on faltering euro zone optimism. Dean Popplewell, chief currency startegist at OANDA, offers this anal »

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Euro Wobbles Ahead Of Bernanke Speech

14/01/2013 13:31

  • Euro Eases From Session Highs
  • Lack Of Data Weighs Heavy
  • Analysts Remain Bullish

After a storming start to the European trading day, the euro is beginning to take baby steps backwards as risk aversion begins to creep into markets. Seen advancing at 0.01 percent on currency charts »

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Euro Stands Strong In Face Of Shock Industrial Output

14/01/2013 11:16

  • Eurostat Data Reveals Unexpected Drop
  • EUR/USD Holds Ground
  • Weakest Level Since April 2010

Industrial production unexpectedly fell for the third month in a row in November, data from Eurostat showed Monday. Nonetheless, EUR/USD continues to stand strong on currency charts. The figure repre »

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Summary Of Market Movements

14/01/2013 10:47

Putting aside (for one moment) the recent euro-rally on the news that the European Central Bank was 'unanimous' in its vote to keep EZ-wide borrowing costs unchanged, the main story of the currency wo »

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Trade Of The Week

14/01/2013 10:40

Unsurprisingly, with the Editor’s piece in mind, our trade of the week is dollar/yen. The pair fell at the beginning of this week as investors became nervous of pushing the yen too much lower du »

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Interview with Nick Beecroft, Chairman, Saxo Capital Markets UK and Senior Markets Analyst - 10.1.13

14/01/2013 10:24

Covering everything from black swans to yen debasement, FXS Editor, Drew Hillier, talks to Nick Beecroft of Saxo Capital Markets about his predictions for 2013.

Drew Hillier: Good morning, I’m with Nick Beecroft, the chairman of Saxo Capital Markets UK. Happy New Year Nick. Nick Beecroft: Happy New Year Drew. DH: You wrote recently about how the forei »

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Can Anything Stop The Euro?

14/01/2013 09:32

  • Euro Adds To Impressive Weekly Gains
  • Lagarde Adds To Bullish Tone
  • Data Yet To Hinder Euro Performance

The euro added to gains made last week in the early hours of trading Monday morning, as investor sentiment over the future of the euro zone remained buoyed by the bullish tone of the ECB. EUR/USD is »

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JPY, CHF And USD Snaffled Up In Risk Rally

11/01/2013 16:34

  • Funding Currencies Risk Du-Jour
  • Dollar/Yen Touches 89.34
  • Euro Puts On 0.7 Percent Gain

With a bit of healthy risk appetite in the offing, investors are clearly up for taking a few chances with a basket of funding currencies, including the JPY, CHF and USD. While this sort of sentiment i »

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Japan Announces Stimulus Package To Boost Growth And Battle Deflation

11/01/2013 10:43

  • 10.3 Trillion Yen Stimulus Plan
  • Abe Calls For "Bold" BOJ Action
  • Stocks Up, Yen Down

The Japanese Cabinet has approved a 10.3 trillion yen ($116 billion) stimulus plan designed to boost economic growth and dampen deflation concerns. The move is recently installed Prime Minister Shinzo »

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Oil Prices On Track For Weekly Gains; Chinese Inflation Takes Toll

11/01/2013 10:36

  • Crude And Brent Struck By Chinese Inflation Concerns
  • Profit-Taking After Strong Week Also To Blame
  • Supply Issues Maintain Support

Oil prices lost some ground Friday morning on the news that Chinese inflation accelerated to a seven-month high in December, despite making a solid ascent up commodity charts in throughout the we »

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Editor’s Morning Forex Review: Euro/Dollar Set To Pair Yesterday’s Gains

11/01/2013 08:57

  • China Data Mixed Bag Puts Risk Back In The Frame
  • EUR/USD Outlook Remains Bullish
  • Yen Weaker As Abe Launches Stimulus Plan

World stock prices soared to an eight-month high yesterday while oil prices climbed as news of stronger-than-expected Chinese exports raised hopes of a more robust recovery for the global economy thro »

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ECB Offers Few Surprises - Alpari UK

10/01/2013 16:02

Both the Bank of England and the European Central Bank acted in line with market expectation this afternoon, leaving everything exactly as it was. Meanwhile, the euro zone remains in recession and the »

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Euro Up Against USD After Draghi’s ECB Presser

10/01/2013 15:52

  • Euro/Dollar Takes wing On ECB Boss
  • Draghi – ‘…To Early To Claim Success’
  • Dollar Weighed On By Chinese Trade Surplus Data

The European shared currency shot up to 1.3 cents today, registering a significant rally on the news that the European Central Bank was 'unanimous' in its vote to keep EZ-wide borrowing costs unchange »

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Euro Rallies On ECB News

10/01/2013 14:25

  • EUR/USD Pops Up To 1.316
  • ECB Press Conference The Main Event
  • Single Currency Could Stay Around $1.31 Or Slip Towards $1.30: It’s Up To Super Mario

‘Central Bank Thursday’ has seen the European shared currency pop up to $1.316 after the ECB’s 'unanimous vote to leave euro zone borrowing costs unchanged. European stock markets re »

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Profit-Taking On Cable In The Wake Of No Surprises From Bank of England

10/01/2013 13:42

  • GDP/USD Hits 1.6071 Before The MPC News
  • Sterling Drops Back To 1.6050 Region After The Event
  • EUR/GBP Ticking Higher On The Screens

The British pound ticked up a tad versus the US dollar in the lead up during early trading to the rate decision announcement from both the bank of England and European Central Bank. Sterling rise brou »

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GBP/USD: Sterling Losing Ground In Wake Of BoE Decision

10/01/2013 12:59

ForexSpace.com (LONDON) - The Bank Of England voted to keep interest rate at 0.5 percent, a statement released by the bank revealed Thursday. Sterling came under pressure as markets reacted to th »

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“Old Lady” To Stand Still While Draghi’s ECB May Waffle

10/01/2013 11:49

Markets are collectively holding their breath this lunchtime, awaiting news on interest rates from two of the world’s most influential central banks. The Bank of England’s decision could h »

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The Battle to Avert Further Colombian Peso Appreciation

10/01/2013 11:43

The Colombian peso (COP) has risen nearly 3 percent since November 1st, trading between a range of USD/1,758 and USD/1,801. This performance occurred over two 25 basis rate cuts by the Central Bank, B »

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Editor’s Morning Forex Review: Euro/Sterling Eyed As BoE & ECB Take Centre Stage

10/01/2013 09:25

  • No Fireworks Expected… Yet From Central Banks
  • German Production Data Shouldn’t Harm Euro-Bears
  • Policy-Makers Expected To Keep Their Powder Dry

Pity the ‘poor’ old forex trader: it’s not easy these days to latch on to anything of much substance to get excited about. Caution over the slew of Q4 earnings through the coming wee »

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BNP Paribas Launches New Chinese Version Of Their FX Trading Platform

09/01/2013 16:18

ForexSpace.com (LONDON) - BNP Paribas have launched a new Chinese language version of their forex trading platform, Cortex FX.  Cortex FX is an electronic, multi-product foreign exchang »

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USD Claws Back Vs JPY As Bets Stack Up Against BoJ Walking The Walk

09/01/2013 14:02

  • Market Participants Pounce On Dips
  • BoJ Doubles It’s Inflation Target: What A ‘Brilliant Wheeze!’
  • Experts caution Stay Short Yen

This morning trade saw the US dollar turn over it recent dip versus the Japanese yen. At the time of writing, the greenback is fast approaching its two-and-a-half-year high touched recently on renewed »

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EUR/USD: Euro Lower On GDP Contraction And Poor German Industrial Data

09/01/2013 12:27

ForexSpace.com (LONDON) - The euro deteriorated against the dollar after it was reported that the 17-nation bloc's GDP contracted further in the first quarter, and German industrial production fa »

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Are You Getting The VIX Fix?

09/01/2013 11:38

  • French Say Déchets To Sovereign Downgrade Speculation
  • Buy On The Rumour
  • Smelling The Fear

Despite risk appetite coming to life in Europe this morning in the wake of a positive start to the corporate earnings season, half-way through the first full trading week of 2013, it’s panning o »

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Barroso’s Euro Claim ‘Clearly Premature’

09/01/2013 09:37

  • Unemployment Data Undermines Optimism
  • Claims ‘Clearly Premature’
  • Euro Expected To Edge Lower

Claims made by the President of the European Commission that the ‘threat against the euro has essentially been overcome’ are being dismissed by many analysts this morning. Following swift »

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Editor’s Morning Forex Review: JPY Creaking Under Expectation Of Further BoJ Monetary Easing

09/01/2013 08:42

  • Risk Appetite Remains High
  • Euro Trading Flat Vs USD
  • Sterling Bears Run Out Of Steam

 

Yesterday saw a continuation of investors betting recent gains against the JPY were a simple instance of 2 fast, 2 furious, even with expectations rife of looser monetary policy in Japan. Although ana »

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The Strange Case Of The One-Trillion-Dollar Coin And The Volatility Vacuum

08/01/2013 14:21

  • Sealing The Debt Ceiling’s Fate?
  • Seriously Silly – But It Might Just Work!
  • Keep Calm And Carry Trade On

As the ‘son of fiscal cliff’ draws ever closer to converge with the looming debt ceiling, when the Obama administration officially runs out of cash on March 27, we now hear the US is &lsqu »

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Yen Weakness Pauses – But Normal Service Already Resuming

08/01/2013 12:55

  • Dollar/Yen Falls To Session Low Of 87.23
  • Retracement Expected
  • Caution Required For Anyone Short JPY

The Japanese yen rose for a second straight day against the US dollar, extending a rally from its recent two-and-a-half-year low on bets triggered by anticipation of looser monetary policy from the Ba »

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December Volumes At EBS Hit Eight-Year Low

08/01/2013 12:21

  • Last Month Of 2012 Drops 12 Percent M-o-M
  • Industry Continues To Suffer
  • Will EBS Management Changes Pay Dividends?

Traditionally a slow month for the forex industry, data has emerged today proving that even some of the industry’s biggest giants are not immune to depressed December activity. ICAP's EBS unit »

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Euro Drops Ahead Of Data Slew And Stays Flat Vs The USD On Eventual Mixed Messages

08/01/2013 11:54

  • Unemployment At Currency Bloc All-Time High
  • German Industrial Orders In Contraction
  • EU President Hails The Euro As Saved

Shares across the single currency bloc, and the euro itself, took a slide in this morning’s early trading. The move came on the back of news showing a significant in decrease in German factory e »

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Gold: Deutsche Bank Joins Growing Number Of Banks Slashing Forecasts

08/01/2013 10:28

  • 2013 Outlook Reduced By 12.1 Percent – Deutsche Bank
  • US Dollar Set To Strengthen On Global Uncertainty
  • Credit Suisse, HSBC Reduce Forecasts

One of the world’s leading financial services providers, Deutsche Bank, has joined a growing number of banks in slashing gold forecasts for 2013. The bank reduced its average gold price forecas »

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Editor’s Morning Forex Review: Dollar Still In Focus - Ditto The Cliff Edge… AND The Debt Ceiling!

08/01/2013 08:45

  • USD Gives Up Some Of Its Gains
  • Risk Appetite Wanes Ahead Of Earnings Season Likely To Increase Volatility Levels.
  • US Debt Ceiling May Be Even Closer Than We Think

Stock markets continue their soggy start to the year’s first full week’s trading while the dollar concedes some of its recent boost as investors gird their loins in expectation of disappoi »

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USD Set To Concede Recent Gains Vs JPY As Players Take Profit On Last Week’s Rise

07/01/2013 15:23

  • USD Down 0.4 Percent At 87.72 JPY
  • Dollar/Yen Pullback Still More Likely Than Not
  • Beware The Whims Of Global Risk Sentiment

Today’s charts have been awash with indicators flashing up the US dollar’s fall against the Japanese yen. The price action was fuelled principally by profit-taking on the coattails of the »

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GBP/USD Meets With Pivot Point Resistance As Business Optimism For UK Plc Looks Up

07/01/2013 13:40

  • Sterling Falls 0.2 percent Vs Broadly Firmer Greenback
  • Cable Now At $1.6038 – Deloitte Survey Shows Improved Sentiment Among Britain’s Blue Chip CFOs.
  • Thursday’s BoE MPC Eyed

 

Britain's top share index turned lower in today’s morning trade. It brought an abrupt cessation  to last week’s rally, bringing the curtain down on a two-year high, as weakness in com »

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USD Extends Healthy Start To 2013 - Euro/Dollar Testing $1.30 Again

07/01/2013 11:52

  • EUR/USD Recovers To 1.3045 But Downward Pressure Still On The cards
  • ECB Thursday Likely To Be Focal Point For Single Currency Traders
  • Rates Expected To Stay At Historical Low

As we embark upon the first full week of trading since the turn of the New Year, data today is pretty sparse. And as far as levels are concerned, well, in the wake of last week’s fiscal cliff no »

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Crude Slides As Risk Aversion Dominates

07/01/2013 11:30

  • Crude Sent Below $93 Monday
  • Profit-Taking After Last Week’s Rally Also Blamed
  • Resistance At $93.56, Support At $91.84

Crude oil prices were sent below $93 on Monday morning, as traders took profits after last week’s rally and risk aversion took hold of the markets. Having hit a low at $92.77, the commodity - k »

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Aussie Broadly Lower As Investors Tread Carefully

07/01/2013 09:49

  • Aussie At 1.503 After Drop In Early Hours
  • US Data And Minutes Weighing On US Recovery Prospects
  • Analysts Expect Resistance At 1.525/1.530

The Australian dollar was trading lower against the greenback Monday morning, as investors remained edgy in the wake of Friday’s lukewarm non-farm payrolls report. AUD/USD hit a session lo »

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Editor’s Morning Forex Review: USD Still Gaining Vs JPY Ahead Of US Earnings Season

07/01/2013 09:10

  • Fiscal Cliff Deal Boosts Equity Markets… For Now
  • Dollar/Yen - Break Above 88.15 Should Prompt 89.0, Followed By 90.0
  • Euro And GBP Both Down Against the USD

After a lot of sideways trading last week, global stock markets are opening flat this morning in the wake of wide-spread scepticism over the US fiscal cliff deal setting in. With fiscal cliff # 2 not »

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November US Factory Orders Remain Unchanged

04/01/2013 15:20

Orders for factory goods remained unchanged in November, disappointing expectations for a rise of 0.4 percent. The flat results come after the economy saw a 0.8 percent rise in October Manufacturing »

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Canada In For A ‘Bumpy Ride’ Despite Upbeat Jobs Data

04/01/2013 14:56

  • Loonie Makes Slight Gains Versus Dollar
  • Canadian Jobless Rate Falls Unexpectedly
  • A Confusing Picture For The US

Canada faced stiff competition for headlines today, as the markets became gripped once again by US non-farm payroll fever. But the home of the Loonie has released some of its own unemployment data tod »

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US Dollar Retreats From 29-Month High Vs Japanese Yen On Non-Farm Payrolls Release

04/01/2013 14:33

  • NFPs Come In With Few Surprises
  • Greenback Weakens A Tad Vs Major Currencies
  • End Of The World NOT Nigh!

The lion’s share of today’s attention remains focused keenly on the USA. Not just in terms of the on-going fall-out from kicking the fiscal cliff can down the road, but the all-important e »

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Australian Dollar Still Under The Greenback Boot

04/01/2013 11:59

  • AUD/USD Down 0.57 Percent
  • Chinese Data Weighs On Aussie Sentiment
  • Eyes On Non-Farm Payrolls

The Australian dollar continued to lose ground against the greenback Friday, as disappointing Chinese data weighed on prospects for the commodity currency and hopes for the US remained buoyed. Curren »

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Cable At 100-day MA In The Wake Of Disappointing UK Data

04/01/2013 11:30

  • Sterling Drops By 0.4 Percent
  • Slew Of Data Provides Mixed Signals Ahead Of US Non-Farms
  • 10-Year Gilts Show Britain’s Borrowing Costs Now Higher Than France

This morning we saw the UK Market Purchasing Managers Index survey turn contractionary in December, from 50.2 to 48.9. The figure disappointed the prior consensus of 50.5, thereby doing little to lift »

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Non-Farm Payrolls Panel Poised For A Bullish Print

04/01/2013 10:54

  • NFP Data Due Out 13:30GMT
  • Jobless Claims Set Ominous Precedent?
  • Major Moves Expected For 200+ Print

As markets continue to digest FOMC minutes that appeared to shine a light through cracks in the Fed’s asset purchase program and highlight member concerns over open-ended stimulus, eyes are turn »

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Editor’s Morning Forex Review: US Fed’s FOMC Minutes Indicate Aspiration To Bring Asset Purchases To A Close

04/01/2013 08:42

  • Fiscal Debacle Still Weighing On Sentiment
  • EUR/USD Lower For 5th Consecutive Day
  • Focus Now Turns To US Non-Farm Payrolls

Global markets are opening lower today off the back of some decidedly hawkish comments released late yesterday by the US Federal Reserve in its December FOMC minutes. Bernanke addressed the topic »

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