Forex Trading

Euro-Zone Unemployment Extends Five Month Decline, Swiss Producer & Import Prices Tumble in February

Michael Wright, Daily FX Research — Mon, 15 Mar 2010 12:33:10 +0000

Euro, British Pound Pare Previous Week’s Advance on U.S. Dollar Strength

David Song — Mon, 15 Mar 2010 10:51:09 +0000

The Euro halted the three-day rally against the greenback and slipped to a low of 1.3706 during the overnight trade, and the single-currency may face increased selling pressures going into the U.S. session as investors scale back their appetite for risk.

Oil to Decline on Risk Aversion, Gold on US Rates Outlook

Ilya Spivak — Mon, 15 Mar 2010 10:03:25 +0000

Crude oil may decline amid fading risk appetite after China's Prime Minister warned his country may suffer a "double dip" while gold and silver track lower amid firming US interest rate hike expectations ahead of this week's FOMC announcement.

US Dollar Rises on Safety Demand as China’s PM Wen Warns of “Double Dip”

Ilya Spivak — Mon, 15 Mar 2010 05:31:06 +0000

The US Dollar gained against most major currencies in Asian trade with safe-haven flows boosting demand for the greenback as stocks declined after China’s Prime Minister warned that his country may experience a “double dip” this year.

Opening Comment 03.15

Joel Kruger — Mon, 15 Mar 2010 04:36:29 +0000

Currencies have been in the process of consolidating recent moves, with most tracking lower against the buck in early trade Monday.

Dollar Threatens a Plunge but Fundamentals Could Prevent a Renewed Bear Trend

John Kicklighter — Sat, 13 Mar 2010 04:17:40 +0000

The dollar put in for a cliff hanger end to the trading week. In an otherwise quiet market, the greenback finally broke from the bonds of congestion that a few prominent pairs have maintained for weeks, and in one case, months. Yet, for those that are trying to discern the currency’s direction, it may surprise them that the move break was a bearish one.

Dollar Threatens a Plunge but Fundamentals Could Prevent a Renewed Bear Trend

John Kicklighter — Sat, 13 Mar 2010 04:17:40 +0000

U.K. Housing Data Boosts Pound’s Rally

Jan Baros — Sat, 13 Mar 2010 02:49:58 +0000

The British pound had a positive performance before the weekend as both domestic and international scenario brought favorable news and consequently traders to purchase assets in the country, as a real estate report revived confidence towards U.K.’s economy.(...)
Read the rest of U.K. Housing Data Boosts Pound’s Rally (124 words)

Posted on Forex News.

Dollar Down Before Weekend on Riskier Bets

Jan Baros — Sat, 13 Mar 2010 01:56:18 +0000

Currencies tied to growth outperformed the U.S. dollar as risk appetite was predominant before foreign-exchange markets closed this Friday, considering that retail sales in North America expanded in the monthly comparison, raising optimism to higher levels among investors.(...)
Read the rest of Dollar Down Before Weekend on Riskier Bets (141 words)

Posted on Forex News.

Has Crude Taken the First Step Towards a Breakout and Reversal?

John Kicklighter — Fri, 12 Mar 2010 23:46:13 +0000

Volatility perked up modestly for the active NYMEX crude contract Friday such that the market would test a new eight-week high of $83.16 before reversing course and potentially forging a bearish breakout. With the week’s close pulling the market below a trendline that has guided the commodity upward for over a month now, a speculative barrier has been removed. What is needed now is momentum; and such