Category: Forex Trading
The analysis published under this category are as follows.
Tuesday, April 14, 2009
U.S. Dollar Continues to Weaken / Currencies / Forex Trading
By: ForexPros
The major pairs continued to advance during New York trade as technical traders pressed thin conditions to find reported resting stops in most pairs. Initially firming up at the start of Asia the Greenback gave back early gains as the day wore on with most traders complaining of thin conditions and patchy volumes.Read full article... Read full article...
Monday, April 13, 2009
Fundamentals Still Point to U.S. Dollar Weakness / Currencies / Forex Trading
By: ForexPros
The Easter holiday weekend continues for one more day as some Asian markets were closed overnight leaving the USD unchanged-to-lower from Thursday as traders focused mainly on the crosses into the start of New York this morning. Volumes were understandable light and traders note two-way action dominated by tech factors continued. Equities were higher overnight to start this week adding a bit to risk-acceptance putting the Greenback under slight pressure but the main focus remained the crosses with Yen rising against most of the major pairs; Read full article... Read full article...
Tuesday, April 07, 2009
Money Printing Ensures Australian and Canadian Currencies Set to Rise / Currencies / Forex Trading
By: Dudley_Baker
Listen, can you hear it?
Yes, it is the sound of printing presses going 24/7 around the world.
Read full article... Read full article...
Tuesday, April 07, 2009
U.S. Dollar Correction Higher Significant Selling Opportunity / Currencies / Forex Trading
By: ForexPros
The USD continued to correct higher trough today’s New York trade reaching the best levels of the day against the majors shortly after the London fix; despite the rise in the Greenback the majors held important S/R levels during the day and remains in two-way action into the close. Technical trade was the rule for the most part as the lack of economic news kept traders focused on near-time price levels with stops helping to drive most of the intraday action.Read full article... Read full article...
Monday, April 06, 2009
U.S. Dollar Yen Secret Relationship Revealed / Currencies / Forex Trading
By: INO
I have to admit, I love trading Forex. It's one of the most exciting and most profitable markets in the world. In today's short educational trading video on the dollar/yen (usd/jpy), I explain step-by-step how to analyze the dollar and its relationship to the Yen. I will also show you exactly what I think is happening right now in this relationship. Watch the video and see specific target zones where I think this cross is headed in the future. Read full article... Read full article...
Monday, April 06, 2009
U.S. Dollar More Downside Action Expected This Week / Currencies / Forex Trading
By: ForexPros
The USD is two-way to start New York after opening mixed in Asia overnight; follow-on selling of the Greenback pushed the majors to their best levels of the day in early Europe with the exception of the USD/JPY. USD/JPY continued to advance reaching a high print at 101.46, its best levels since October of last year. Traders note that the weekend launch of a ballistic missile by the North Koreans created light FTQ buying of the USD against some Read full article... Read full article...
Thursday, April 02, 2009
Aussie Dollars Latest Boost / Currencies / Forex Trading
By: Ashraf_Laidi
Before exploring the latest boost to the Aussie, let's first go over today's surprisingly smaller than expected 25-bp rate cut from the European Central Bank. The ECB is likely to use the next 4 weeks in elucidating its intention to keep the door open for further conventional easing (rate cuts) and starting non conventional easing (asset purchases and extending term lending) as early as the next meeting. Currency markets are no longer subscribing to the much punditized notion that slower/ further ECB rate cuts keep it behind the curve at the expense of the euro. The realities of the market remain shaped by the positive impact of rising risk appetite on EUR, GBP, CAD, AUD, NZD at the expense of JPY and USD. Read full article... Read full article...
Thursday, April 02, 2009
U.S. Dollar Expected to Weaken Following G20 Communique / Currencies / Forex Trading
By: ForexPros
The USD ends mixed today after another volatile two-way session; some pairs extending their ranges during New York trade. Most action was ahead of the London fix as US fundamentals were released as well as overseas news reports from pre-G-20 meeting participants; traders note that volumes dropped significantly after the London fix exaggerating price moves into the end-of-day. Read full article... Read full article...
Wednesday, April 01, 2009
Currency Report, U.S. Dollar and Indian Rupee / Currencies / Forex Trading
By: Pumrath_Forex
Summary: Performance of US dollar against G-7 currencies continues to remain key driver of currency future movement in India. March month ended with wild swing in global currencies largely due to events and policy actions by major economies. The rupee jumped against US dollar in the middle of month as a result of announcement by US to buy bonds but failed to sustain at higher level as strong demand from importers emerged. Rupee is more likely to consolidate at 50-52 range in near term.Read full article... Read full article...
Tuesday, March 31, 2009
U.S. Dollar Rally Due to Weak Equities Falters / Currencies / Forex Trading
By: ForexPros
The USD is holding gains in late New York as traders continue to digest weekend developments; focus is on the upcoming G-20 meeting which is expected to produce solid plans for addressing the developing global economic crisis but smart money is not anticipating anything concrete at this point. More interest is on how the ECB may move interest rates with a strong expectations of at least a 25 BP rate cut heavily factored in. In my view, any hint that the ECB will stand pat or make less than a 25 BP cut will likely fuel a short-covering rally although a case can be made for a “buy the rumor/sell the fact” rally anyway.Read full article... Read full article...
Monday, March 30, 2009
U.S. Dollar Rallies on Flight to Quality as Fundamentals Continue to Weaken / Currencies / Forex Trading
By: ForexPros
The USD firmed up overnight as follow-on selling found stops in the majors. Overnight news that Spain will offer its first bailout during the current financial crisis pushed EURO into stops under the 1.3200 area and below keeping the rate under pressure throughout the evening. Bids ahead of 1.3150 offered initial support but traders note more stops under the 1.3150 area are building. High prints in Asia at 1.3287 were offered by a US bank traders say. Adding weight are lower equities; markets reacting to news that the US government will not support the current plans by GM and Chrysler and may be looking for a bankruptcy. Traders note that investor confidence will likely take a hit on the news and expect further declines in equities during the day. Read full article... Read full article...
Thursday, March 26, 2009
U.S. Dollar Expected to Extend Losses Ahead of Negative GDP Data / Currencies / Forex Trading
By: ForexPros
A violent day was had by all today as the USD whipsawed in big ranges before ending the day mixed. Comments by Treasury Secretary Geithner combined with better-than-expected US data combined to confuse traders in both directions but USD bears appear to prevail into the end of the New York session. Speaking on the possibility raised by the Chinese of a one-world economic currency were deflected by Geithner into a possibility of increasing SDR money through the IMF were misinterpreted on face-value throwing the USD into a big slide against the majors extending lows back under important intraday S/R; the Greenback recovering against some pairs but not others as the day wore on.Read full article... Read full article...
Tuesday, March 24, 2009
U.S. Dollar Short-term Strength Evaporates / Currencies / Forex Trading
By: ForexPros
After a brief foray into positive territory the USD is back under threat heading toward the low end of the recent ranges in late New York. Traders note that today’s action has been mostly stop driven by small accounts attempting to run with momentum but getting caught both ways. Aggressive buyers of USD from the overnight session were rewarded by new lows in the majors into the London fix but large accounts were using the dip to add to working longs and the majors reversed back toward the mid-to-high end of their ranges today; USD/CAD making lows in the process. Read full article... Read full article...
Monday, March 23, 2009
U.S. Dollar Short-term Bounce Before Next Leg Lower / Currencies / Forex Trading
By: ForexPros
The USD opens New York mixed this morning, higher against Yen and lower against other pairs. Overnight equities were firmer lending some support to EURO and stocks are called higher to open New York suggesting better tolerance for risk after a quiet weekend. Overnight comments from ECB president Trichet were seen as positive for the EURO also but traders note the action so far has been largely technical two-way trade. High prints at 1.3737 again drew sellers with lows at 1.3611 attracting buyers on the dips. Russian names seen on the offer traders say suggesting a possible re-balancing of the Ruble basket. Read full article... Read full article...
Wednesday, March 18, 2009
U.S. Dollar to Weaken on FOMC Announcement / Currencies / Forex Trading
By: ForexPros
The USD continued to consolidate today reaching highs against the majors in early New York but failing to advance into key bullish levels. The majors recovered after the London fix rising off lows and in some pairs flirting with highs into the close. Today’s PPI and Housing Data was benign helping to underpin the possibility that inflation is not a problem and housing is beginning to recover but more data will be needed according to most analysts. Read full article... Read full article...
Tuesday, March 17, 2009
British Pound Short Squeeze Possible Towards £/$1.50 Target / Currencies / Forex Trading
By: ForexPros
The USD ended the New York session lower but off early weakness as two-way technical trade dominated after US news this morning. A weaker NY Man. Index was offset by flat housing data today helping to keep a bid tone to equities lifting the major indices to key resistance during the day; USD traders sold the Greenback as risk-aversion mitigated a bit allowing the majors to hold moderate gains into the end of day.Read full article... Read full article...
Monday, March 16, 2009
U.S. Dollar Weakens as Flight to Safety Lightens / Currencies / Forex Trading
By: ForexPros
The USD is mixed to open New York today after starting mildly better in Asia overnight; traders note initial disappointment from the G-20 meeting which announced nothing new and appeared to be simply a re-hash of the current economic situation created a brief push higher for the Greenback. After testing previous resistance levels across the board the USD began a slide through European trade and is weak at the start of New York with the exception of USD/JPY. The rate is still holding the 98.00 handle after testing the 98.50 area of reported supply with stops noted above but offers continue to hold the rate back into an inside-range day so far. Read full article... Read full article...
Wednesday, March 11, 2009
Forex Markets High Short-term Volatility / Currencies / Forex Trading
By: ForexPros
It was a wild ride in the major pairs today as the USD fell sharply ahead of the New York open only to reverse hard and make highs in some pairs ahead of the close; traders note that participants were caught “wrong footed” after the New York open and stops from late longs in some pairs liquidated trades done expecting a higher close in the majors. Read full article... Read full article...
Tuesday, March 10, 2009
U.S. Dollar Overwhelming Bullish Sentiment Signs of a Top / Currencies / Forex Trading
By: ForexPros
The USD is holding gains into the end of New York trading today after solid two-way action overnight put the Greenback on the offensive into this morning. Rising to new weekly highs against GBP and yearly highs against CAD; other major pairs remain range-bound and inside-range. Traders note that cross-spreaders for GBP pairs kept Sterling on the defense all day putting in a low print at 1.3741 before stabilizing back on the 1.3800 handle for most of the day. Investor confidence remains weak to start the week as equities remained under pressure and traders note some flight to quality buying of USD was seen but remind that the Greenback is over-bought in the near-term. Read full article... Read full article...
Wednesday, March 04, 2009
U.S. Dollar Setting up for Massive Trend Reversal / Currencies / Forex Trading
By: ForexPros
The USD is ending today flat to weaker after whipsawing traders all day in both directions; speculation regarding US stimulus actions and upcoming fundamentals is providing both sides with fuel for their argument. After starting weaker in Asia the USD rallied into New York action today extending highs against most pairs by the London fix. Into the afternoon as equities also went two-way the Greenback retreated from highs in most pairs giving bulls a reason to lighten up. Read full article... Read full article...