The Latest in Forex News & Analysis.

The Winners and Losers in the Forex Market as NY traders enter for the day

By | June 10, 2014 6:51 am | 0 Comments

The Forex and Market Fact Sheet for June 10th

By | 6:46 am | 0 Comments

EUR more offered in trading on Monday. A review and preview for the forex market

By | June 9, 2014 7:31 pm | 0 Comments

Comments from IMF’s Christine Lagarde from speech in Montreal

By | 6:30 pm | 0 Comments
  • Advanced economies are growing at various rates
  • Sees risk of period of low-inflation
  • Emerging markets providing bulk of global growth
  • Emerging markets must guard against increased volatility
  • Geopolitical turmoil poses a risk to  growth
  • Recovery around corner
  • US momentum is returning. Sees growth exceeding potential
  • Emerging Asia’s economy remains bright spot
  • Canada needs to unleash energy prospects
  • Concerned about complacency in Europe

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All information on this site is provided for informational and educational purposes only. Information provided is not to be misconstrued as trading advice. Past results are not indicative of future results. In addition trading in foreign exchange markets on margin carries a high level of risk, and may not be suitable for all individuals.The post is intended for clients and traders outside the US.

Fed’s Rosengren cautions that exit from stimulus may spark volatility

By | 1:56 pm | 0 Comments
  • Monetary policy a risk can be unsettled
  • Feds transparency is more important now
  • There could be a gradual reduction in the reinvestment policy which would allow for predictable reduction in the size of the Feds balance sheet
  • The Fed could decide to reinvest the proceeds from all of maturing bonds or if they want to taper more, a percentage of securities that reach maturity
  • Does not see significant financial concerns now
  • Is economy likely gain strength in 2nd half

Rosengren is not a voting member on the FOMC this year
See WSJ article at: http://blogs.wsj.com/economics/2014/06/09/feds-rosengren-may-extend-taper-process-to-reinvestment-buying/?KEYWORDS=rosengren

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All information on this site is provided for informational and educational purposes only. Information provided is not to be misconstrued as trading advice. Past results are not indicative of future results. In addition trading in foreign exchange markets on margin carries a high level of risk, and may not be suitable for all individuals.The post is intended for clients and traders outside the US.

BOE McCafferty says decision on interest rates becoming more balanced

By | 12:21 pm | 0 Comments

He adds:

  • Confidence is behind UK recovery
  • Need to be cautious/careful on the housing market
  • Housing worries need to be kept in perspective
  • Time for UK rates to return to normal is approaching

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All information on this site is provided for informational and educational purposes only. Information provided is not to be misconstrued as trading advice. Past results are not indicative of future results. In addition trading in foreign exchange markets on margin carries a high level of risk, and may not be suitable for all individuals.The post is intended for clients and traders outside the US.

The Forex Winners and Losers Today

By | 12:16 pm | 0 Comments

Strongest Currency: CAD

The CAD is up against all the major currencies today (see % change chart above), helped by a better housing starts number today. It is strongest against the CHF

Weakest Currency: CHF & EUR

The CHF is down against all the major pairs today. The EUR is not far behind as the EURCHF sideways move, keeps the two pairs in  synch.

The EURAUD has reversed today after falling on Thursday’s ECB, but failing to break trend line support. Friday, the pair consolidated. Today, the momentum is back to the downside. The trend line looms below at 1.4503 and needs to be broken (and the price stay below) for the bears to remain in control.

The below charts, show the Pip changes for major currency pairs (grouped by each respective currency).

Trading Activity is slowed as London and Europe exit for the day. Key levels tested on a number of pairs.

By | 11:44 am | 0 Comments

PS. A number of pairs also slowed moves at key technical levels. Don’t make things complicated.

EURUSD

GBPUSD

USDJPY

USDCHF

NZDUSD

GBPJPY

Gold

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All information on this site is provided for informational and educational purposes only. Information provided is not to be misconstrued as trading advice. Past results are not indicative of future results. In addition trading in foreign exchange markets on margin carries a high level of risk, and may not be suitable for all individuals.The post is intended for clients and traders outside the US.

NZDUSD tests 100 day MA at 0.8485 area

By | 10:21 am | 0 Comments

The NZDUSD is testing the 100 day moving average (blue line in the chart above) at the 0.8485 level. In Friday’s trade, the price found support against this level in broke above trendline resistance, and also a pretty good ceiling at the 0.85002 to 0.8513 area (see chart above). Now, with the price back below that area, traders are wondering if the break higher was a failure. A move below the 0.8485 level (100 day MA) and staying below that level, could see the bias turn toward more bearish for the pair (i.e. sellers against the 0.8500 area).

This week, the Reserve Bank of New Zealand will meet (Wednesday at 5 PM ET). They are expected to raise rates by 25 basis points to 3.25% from 3%. It will be what the RBNZ Statement/Gov. Wheeler says that will ultimately determine the next move either higher or lower for this pair. The 100 day moving average should have a definitive  say on either the bullish or bearish bias. Stay above/move above after the decision, and there should be further upside potential. Move below/stay below the 100 day moving average, and a break of the 0.8414 level (50% – see chart above) and move toward the 200 day moving average at 0.8365 will be the next major downside target.

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All information on this site is provided for informational and educational purposes only. Information provided is not to be misconstrued as trading advice. Past results are not indicative of future results. In addition trading in foreign exchange markets on margin carries a high level of risk, and may not be suitable for all individuals.The post is intended for clients and traders outside the US.

GBPUSD tests support area

By | 10:03 am | 0 Comments

The GBPUSD – like the other currencies – is moving lower against the USD. However, it is approaching a key support area against the 1.6779 – 84 area. This area has a number of lows and highs on the hourly chart going back to mid-May 2014 (see chart above). Traders looking to buy a dip, can use the area to buy against, with a stop below the 100 hour moving average, which currently comes in at the 1.6764 level.

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All information on this site is provided for informational and educational purposes only. Information provided is not to be misconstrued as trading advice. Past results are not indicative of future results. In addition trading in foreign exchange markets on margin carries a high level of risk, and may not be suitable for all individuals.The post is intended for clients and traders outside the US.

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