Forex trading online is a intresting way to trade en speculate at the foreign exchange market world wide. For more information about trading our blog listing here will help you to find intresting blogs about forex trading.
"Market surprises seem to be coming in three’s this morning. EUR is still in demand and is beginning to encroach on price tipping points that has more than a few weaker shorts worried. Last night..."
"The Greek political leaders are under significant pressure to reach an agreement on needed cutbacks on Monday to comply with demands from the European Union and International Monetary Fund to secure a..."
"Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2849
1.2937
1.3048
1.3136
1.3247
1.3335
1.3446
GBP/USD
1.5454
1.5553
1.5684
1.5783
1.5914
1.6013
1.614..."
"The weekend of February 4-5 marks the astronomical midpoint of winter in the northern hemisphere. Despite unseasonably mild temperatures in the populated areas of Europe and North America, WTI c..."
"Analysts? employment expectations were blown out of the water on Friday. NFP produced a stellar report, creating +243k new jobs, pushing the unemployment rate down two ticks to +8.3%. Risk has been qu..."
"The differential between the U.S. and euro zone purchasing manager service-sector indices widened by 1.4 points last month, more than offsetting an 0.9-point narrowing of the advantage in manufacturin..."
"Greenback in currency tradingUS economic data has crushed estimates and the first news is sending the US dollar higher in forex trading. Indeed, the news that the unemployment rate has fallen to 8.3%..."
Blog:
Global Forex BlogTidsstämpel: 2012-02-03 09:44
Taggar:
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex trading,
gold,
point,
profit,
rate,
trading
"Euro in forex tradingEuro is falling today, in spite of the general inclination toward risk appetite right now. The latest news out of the eurozone is providing disappointment, and that is sending the..."
"The two-week repo rate has been pinned at 0.75% since a 25-basis point cut twenty months ago culminated an eight-move easing that also included 150 bps of cuts in 2008 and 125 bps of cuts in 2009...."
"Romanian monetary authorities implemented a twelfth interest rate cut as a majority of forecasters expected, reducing the main policy rate by 25 basis points to a cyclical low for the move of 5.5%...."
"The U.S. purchasing managers index rose a full point to 54.1 last month, connoting a relative robust rate of expansion. Meanwhile, the euro zone’s PMI improved twice as fast from a Decembe..."
"US dollar lower today in forex tradingHome prices declined, yet again, in November of 2011. The Case-Shiller report shows that November was a disappointing month for home prices, with a decline to low..."
"Analysts were not expecting another monetary tightening until next month, but the 7-person Monetary Board of the Central Bank of Colombia just announced a 25-basis point increase of its overnight benc..."
"Two developments have not happened that were presumed likely by this point, and the appetite for risk has fallen. EU leaders are meeting in Brussels with the intent of hammering out details for..."
"17-nation currency drops on forex marketEuro is heading lower in forex trading as risk appetite flees and focus returns to Greece. Once again, it has become clear that the leaders of the eurozone lack..."
"Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2626
1.2750
1.2984
1.3108
1.3342
1.3466
1.3700
GBP/USD
1.5355
1.5434
1.5579
1.5658
1.5803
1.5882
1.602..."
"Greenback lower in currency tradingJobless claims are higher in the US, rising sharply as concerns about the economy come to the fore. Jobless claims rose to 377,000 in the week ending January 21, 201..."
Blog:
Global Forex BlogTidsstämpel: 2012-01-27 09:40
Taggar:
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
point,
pound,
trading
"New Zealand’s 2.5% Official Cash Rate (OCR) has been retained. This continues to match the cyclical low maintained from April 2009 until June 2010. The OCR was raised by 25 basis poi..."
"Dukascopy Fundamental Analysis
EUR
Belgian business climate improved in January, but remained in the negative territory since May 2011. The business climate index added 1.1 point to minus 9.5 this mo..."
"Following up on a 25-basis point policy interest rate cut on November 30th, Thailand’s Monetary Policy Committee reduced such again as anticipated to 3.0% from 3.25% and released a statement tha..."
"Officials at Magyar Nemzeti Bank had raised their key base rate by 50 basis points each on November 30 and December 20 and were expected to do such a third time at today’s first policy meeting o..."
"Policymakers at Mexico’s central bank last Friday decided to keep its key interest rate at 4.5%, the level since a cut in July 2009 culminated 375 basis points of easing implemented that year...."
"Euro in forex tradingEuro is above the 1.30 level against the US dollar in forex trading on the currency market today. Indeed, risk appetite has returned to the FX market, after the euro has had some..."
Blog:
Global Forex BlogTidsstämpel: 2012-01-23 10:13
Taggar:
currencies,
currency,
dollar,
economy,
forex,
forex trading,
fx market,
market,
oil,
point,
trading
"Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2360
1.2495
1.2714
1.2849
1.3068
1.3203
1.3422
GBP/USD
1.5080
1.5179
1.5377
1.5476
1.5674
1.5773
1.597..."
"EUR/USD reached today the highest price since January 4 as Spain sold more government bonds than its maximum target at today’s auction, while French borrowing costs fell. It was a..."
"A statement from the South African Reserve Bank’s Monetary Policy Committee left its repurchase rate at 5.5%, as it had done at its six previous meetings. There has not yet been any rate h..."
"The Monetary Board at Bangko Sentral ng Pilipinas cut its key overnight borrowing and lending rates by 25 basis points to 4.25% and 6.25%, respectively. A statement from central bank officials f..."
"The number of Americans filing for new jobless benefits dropped to a near four-year low last week, pointing to some building up of momentum in the labor market and the economy. Initial claims for stat..."
"Copom, the policymaking committee of the Bank of Brazil, cut the Selic central bank interest rate by 50 basis points to 10.5%. This unanimously decided move follows similar half-percentage point..."
"Dukascopy Fundamental Analysis
EUR
Germany’s economic sentiment increased essentially more than expected this month, hitting the highest level over the last half a year. ZEW index added 32.2 po..."
"The quarterly Monetary Policy Report (MPR) released today reiterates points made in yesterday’s announcement of an unchanged 1.0% overnight money rate target such as 1) projected GDP growth of 2..."
"Euro and other currencies gain on the FX marketRisk currencies are getting a boost in forex trading today, heading higher as better news improves matters. China's economic data proved better than expe..."
"Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2318
1.2470
1.2572
1.2724
1.2826
1.2978
1.3080
GBP/USD
1.4928
1.5080
1.5195
1.5347
1.5462
1.5614
1.572..."
"Should we be questioning if US data is beginning to top out? This week, US releases were less than enthusiastic, with jobless claims rising smartly and retail sales disappointing. The steady improveme..."
"There’s a good buzz in the market about the success of recent European bond auctions. More auctions today in Italy were well subscribed and resulted in lower yields. The yields on 10..."
"Disappointing data, Italian debt auction send euro lowerEuro is selling off in forex trading today as disappointment sets in. US data is anemic, and that has some worried that the pace of the economic..."
"The Sri Lankan repo rate of 7.0%, which was last reduced a year ago, has been retained for another month. That country’s Monetary Board implemented rate reductions from a mid-2009 high of..."
"By Annibale Marsili
Benzinga Guest Writer
Within the last few months, from an economic standpoint, it seems that a “two-speed” world is emerging.
On the one hand, there are the eurozone co..."
"US dollar forex trading forecastRight now, euro appears to be edging higher in forex trading, moving toward the 1.2800 level. However, euro seems to be capped -- unable to get to that point. And this..."
"Dukascopy Fundamental Analysis
EUR
Euro Zone’s investor confidence for this month improved more than expected but remained in the negative territory for the sixth month in line. Sentix index ad..."
"Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2205
1.2451
1.2584
1.2830
1.2963
1.3209
1.3342
GBP/USD
1.5009
1.5190
1.5306
1.5487
1.5603
1.5784
1.590..."
"The U.S. jobs figures were better than expected, while Canada’s statistics fell a bit shy of forecasts. U.S. unemployment of 8.5% was down from an upwardly revised 8.7% in November, 9.1% in mid-..."
"Debt crisis concerns continue to weigh on the 17-nation currencyEuro continues to struggle in forex trading today as debt crisis concerns weigh on sentiment. Yesterday's failed French bond auction is..."
"By Sam Mattera
Benzinga Guest Writer
On Thursday, the EUR/USD traded sharply lower, at one point dropping below the $1.28 mark?a level that had not been seen since September of 2010. This move comes a..."
"The U.S. Minus Euroland service sector purchasing manager differential fell to a four-month low of +3.8 points. Such had crested at 6.5 points in October. As in the case of manufacturing..."
"The National Bank of Romania Board members have sliced the monetary policy reference rate to 5.75% from 6.0% but left reserve requirements unchanged. This second reduction following a similar 25..."
"Private-sector hiring surged in December as employers added 325,000 new workers while claims for jobless benefits fell, raising hope that recent labor market improvement would continue in 2012. The AD..."
"Dollar higher, though, as focus remains on the eurozoneThe US dollar is higher today, in spite of positive jobs data. Private payrolls indicate that hiring is on the rise in America, but disappointing..."
"The latest soundbites from Greece point to a threat of Eurozone exit if the Greek Bailout Agreement is not signed. Observers note that this is intended more for the locals to show a strong government..."
"The pace of expansion in U.S. manufacturing activity strengthened in December to an 8-month high. The purchasing managers index advanced 1.2 points to 53.9, 3.9 points above the break-even line..."
"In the final month of 2011, long-term interest rates fell sharply, the dollar mostly rose, and share prices were mostly mixed. Gold prices dived 10.3%, and West Texas Intermediate crude oil pric..."
"Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2625
1.2741
1.2849
1.2965
1.3073
1.3189
1.3297
GBP/USD
1.5043
1.5201
1.5373
1.5531
1.5703
1.5861
1.603..."
"Dukascopy Fundamental Analysis
EUR
After substantial gains on Tuesday, German benchmark DAX index was marginally up on Wednesday. At the moment of writing DAX index is 0.07% or 4.21 points up at 5,89..."
"Industrial production sank 2.6% last month, over three times more than forecast. Output was 4.0% lower than a year earlier, and the inventory/shipments ratio dropped by 1.7%. As in Septemb..."
"What's next for China?There has been some discussion lately about whether or not China is on the verge of collapse. Some believe that China's growth has been slowing to a point where it will bottom ou..."
"ATC2011 contest has finally ended yesterday. Now it’s time to contemplate the results. I must say, it was a big disappointment to me. I haven’t expected my..."
"Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2735
1.2858
1.2950
1.3073
1.3165
1.3288
1.3380
GBP/USD
1.5135
1.5300
1.5443
1.5608
1.5751
1.5916
1.605..."
"Whereas on-year total U.S. consumer price inflation in November of 3.4% was a half percentage point above the Canadian pace of 2.9%, those neighboring North American economies had similar underlying o..."
"By Sam Mattera
Benzinga Guest Writer
On Tuesday, the US dollar index declined roughly 1% as nearly all risk assets rallied. The Dow Jones Industrial Average gained over 250 points in early trading, wh..."
"In response to heightened investor perceptions of Hungarian country risk, the Magyar Nemzeti’s base rate has been raised by 50 basis points for the second time in three weeks. Previous inc..."
"Sweden’s repo rate has been reduced to 1.75% from 2.0% in a move that analysts anticipated. Seven previous rate increases of 25 basis points apiece had been implemented in June, September..."
"Trading forecast for gold pricesRight now, gold prices are just above $1,600 an ounce, as investors watch Europe, and process the death of Kim Jong Il. Gold prices have fallen significantly in recent..."
"Another ascending triangle pattern can be easily seen on the EUR/CHF daily chart, unlike the one of the EUR/CAD chart, this one is actually continuing the previous bullis..."
"Ascending triangle is one of the best trend continuation patterns. The one has recently formed on the EUR/CAD weekly chart. It’s lasting from February 2010 and can..."
"Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2429
1.2687
1.2864
1.3122
1.3299
1.3557
1.3734
GBP/USD
1.5165
1.5287
1.5414
1.5536
1.5663
1.5785
1.591..."
"Speaking about downside risks stemming from Europe and predicting that Colombian CPI inflation will fall below 4% this year on a December-over-December basis, the authorities at the Central Bank of th..."
"The Norges Bank overnight deposit rate has been sliced 50 basis points to 1.75%. After the prior meeting in mid-October, officials on the Executive Board had predicted no changes “for some..."
"In an inactive day from a data release standpoint, Commodity prices, European stocks and major European currencies have weakened. The pattern is all too familiar. The immediate immediate m..."
"Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3073
1.3176
1.3280
1.3383
1.3487
1.3590
1.3694
GBP/USD
1.5354
1.5457
1.5562
1.5665
1.5770
1.5873
1.597..."
"The reason why I chose this kind of a headline and decided to write this article is NOT putting people off Forex trading. The major point is to keep the awareness of those aspiring traders who are wi..."
"Anyone disappointed in how the Euro summit concluded, giving us a rather underwhelming result, must have taken heart in China?s fund announcement. Is the ?Red Knight? coming to global Capital Markets..."
"EUR/USD slumped today as European Central Bank President Mario Draghi said that the central bank isn’t going to buy bonds to support the European economy. The ECB d..."
"The good news was a rate cut of 25 basis points, downwardly revised forecasts of inflation, and a number of unconventional measure modifications to facilitate the transmission of policy. The ECB..."
"The European Central Bank cut interest rates by a quarter of a point on Thursday to counter the twin threats of recession and deflation in the euro zone, and is expected to unveil fresh measures to he..."
"Peruvian monetary policy has been paused since May 2011 following ten hikes totaling 300 basis points squeezed into a 12-month period. A statement from the Central Reserve Bank of Peru contains..."
"Bank Indonesia’s reference interest rate was left at 6.0% after this month’s policy meeting. Such was reduced by 25 basis points in October and 50 bps last month, and it is now lower than..."
"Bank of Korean monetary policy was left unchanged as expected. Five previous rate hikes of 25 basis points apiece were implemented, but none of these came after June. A new statement on th..."
"For the sixth meeting in a row, monetary officials in New Zealand left the OCR at 2.5%, which matches the Great Recession low. Seven cuts between July 2008 and April 2009 slashed the Official Ca..."
"The stage seems set for a reduced refinancing rate of 1.0%. The announcement of this second straight 25-basis point rate cut will be made at 12:45 GMT on Thursday and would return such to the cy..."
"At the Narodowy Bank, the Monetary Policy Council decided to leave its reference interest rate unchanged for the fifth straight meeting. A 25-basis point hike in early June to 4.5% culminated a..."
"Sedlabanki’s benchmark seven-day collateralized lending rate was left at 4.75%. Two 25-basis point increases were implemented after policy meetings on May 17 and November 2, while fifteen..."
"Canada shares some similarities with Australia. Both are commodity-intensive advanced economies. The Canadian and Australian dollars are each historically high, points made in today’..."
"The OCR was cut by 25 basis points for the second consecutive month. Fifty of a total 175 bps of tightening between October 2009 and November 2010 have now been reversed. A statement from..."
"More than a year has passed since my last interview with a Forex broker representative. Today, your attention is distracted by the interview with a Cypriot Forex broker..."
"The overnight Mexican interbank rate was kept at 4.5% after last Friday’s central bank monetary policy meeting. That’s been its level since 375 basis points of reduction were impleme..."
"The U.S. Institute of Supply Management reported a non-manufacturing purchasing managers score of 52.0 in November, 1.6 points less than forecast and 0.9 points lower than October’s reading...."
"Last week, I’ve described my point of view on the partial profit taking in Forex. In short, I believe (and support my belief with some simple math) t..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2961
1.3110
1.3250
1.3399
1.3539
1.3688
1.3828
GBP/USD
1.5120…"
"The Filipino Monetary Board left its overnight policy rate unchanged at 4.5%, which was what analysts had anticipated. Two hikes of 25 basis points were implemented in March and May of this year..."
"In November, America’s manufacturing purchasing managers index rose 1.9 points to 52,7, while the Euroland counterpart weakened 0.7 points to 46.4. Values above 50 signify expanding activi..."
"The one-day RP key central bank benchmark rate in Thailand has been cut by 25 basis points to 3.25% in a 5-2 vote with two policymakers who favored a reduction of 50 basis points. Officials cons..."
"November ended in a flurry of good North American data cheer. Prior to today, investors learned of much stronger-than-forecast on-year growth in holiday retail sales during the post-Thanksgiving..."
"The People’s Bank of China implemented the first reserve ratio reduction, effective December 5, since 2008, cutting the ratio for largest banks by 50 basis points to 21.0%. Such came after..."
"Aussie surges on Chinese decisionWhile the rest of the world was focusing on the major central banks' decision to increase dollar liquidity through swaps, China was quietly cutting its reserve require..."
Blog:
Global Forex BlogTidsstämpel: 2011-11-30 09:18
Taggar:
aussie,
bank,
currencies,
currency,
dollar,
forex,
forex trading,
gold,
market,
point,
trading
"Central banks tend to cut interest rates faster than they raise them, and Brazil’s committee of policymakers known as COPOM is no exception. During a six-month period from January 2009 to..."
"Dukascopy Fundamental Analysis
EUR
Italy’s cost of borrowing jumped after the country sold 7.5 billion euros of government bonds. Three-year bonds now produce yield of 7.89% as compared with 4..."
"The Bank of Israel reduced its key interest rate by 25 basis points for the second time since September 26th. Starting in August 2009 from a recessionary base of 0.50%, the rate had been raised..."
"The Internet lies at the center of a revolution in applied technology unlike anything since the industrial revolution. Change is inevitable, but the Internet promotes a speed of change that can..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2752
1.2981
1.3108
1.3337
1.3464
1.3693
1.3820
GBP/USD
1.4931…"
"During a press conference earlier today, French President Nicolas Sarkozy and German Chancellor Angela Merkel attempted to patch up a public rift stemming from an incident last week. The two leaders a..."
"The 2.21% yield on ten-year German bund yields is 32 basis points higher than its level a week ago, underscoring widespread concern the the European Monetary System is headed for a break-up over the i..."
"Crude oil ($96.74) rose from it lowest price in two-weeks as a surprise drop in weekly US inventories coupled with violent outbursts in Saudi Arabia countered concern that Europe?s sovereign debt cris..."
"As evidenced by the poor showing for German bonds at today?s Bundesbank bond offering, it is obvious for all to see that the debt contagion tide is now threatening Germany?s coastline.
Of the 6 billi..."
"Officials at the Central Bank of the Republic of Turkey retained a 5.75% one-week repo rate. That key benchmark of monetary policy was reduced by 1,175 basis points in the year between November..."
"German bund yields shot up 14 basis points following a technically undersubscribed auction. A result of such was to reduce peripheral bond spreads, but their long-term interest rate levels in th..."
"There is little to be thankful for in these kinda markets. Risk aversion trading strategies are again preferred this morning. The EUR trades at a new six-week low, dragged to these levels after a disa..."
"US economic data contributes to risk aversionThe euro is heading lower in forex trading on the currency market today, dropping dramatically as concerns about sovereign debt in the eurozone take center..."
"As yield rates for France’s sovereign debt climbs to levels most analysts feel to be unsustainable, the country’s triple A credit rating is firmly in the sights of the major ratings agenci..."
"Moody’s issued a note today warning that the increased cost for France to borrow money, together with weaker outlook for growth in the new year, could jeopardize the country’s triple A cre..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2972
1.3197
1.3359
1.3584
1.3746
1.3971
1.4133
GBP/USD
1.5234…"
"By Scott Rubin
Benzinga Radio recently had the opportunity to speak with David Kotok, the founder and Chief Investment Officer at Cumberland Advisors.
Kotok is a frequent contributor to CNBC, Bloombe..."
"Euro lower in forex tradingOnce again, the euro is moving lower in forex trading on the currency market. Not only are forex traders looking forward to what they expect to be two consecutive ECB rate c..."
"The Empire State Manufacturing Survey indicates that conditions for New York manufacturers held steady in November. After a string of five consecutive months of negative readings, the general business..."
"Risk aversion has spiked. The German Dax, Paris Cac and British Ftse have so far dropped today by 2.4%, 2.1%, and 1.4%. Ten-year Italian bond yields of are again more than 700 basis points..."
"The Central Bank of Chile is better positioned than most central banks to handle a new downturn in global activity should the euro debt crisis evolve into such. That is because Chile’s cen..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3160
1.3321
1.3535
1.3696
1.3910
1.4071
1.4285
GBP/USD
1.5651…"
"Bank Negara Malaysia had already made four rate increases, each of 25 basis points, in March, May, July of 2010 and May of this year, but policy has been paused for the past six months. The fina..."
"The seven-day repo rate was left at 3.25% for the fifth time in a row. Five previous rate increases of 25 basis points each were implemented in July and November of 2010 and January, March and J..."
"Euro higher in forex tradingChina, which has made assurances that it will help the eurozone in this time of debt crisis, has imposed conditions for its help on the debt crisis situation. The EU, howev..."
"South Africa’s benchmark interest rate was last changed a year ago when a 50-basis point reduction to 5.5% culminated a nine-step 650-bp point easing of monetary policy. A new statement to..."
"Indonesia’s reference central bank interest rate has been cut somewhat unexpectedly by 50 basis points to 6.0%. The rate was slashed by 300 basis points between December 2008 and August 20..."
"The European Union slashed its earlier growth forecast for the 17-member Eurozone today to just 0.5 percent for the year. This is a significant reduction from the 1.8 percent projection made earlier t..."
"By Jonathan Chen
Benzinga Staff Writer
“8 1/2″ was a great movie, but having bond yields approach that number is downright scary.
Last night, the London Clearing House disrupted markets ev..."
"Officials at the Narodowy Bank decided to leave their seven-day reference interest rate at 4.5% as they had decided at the previous three policy meetings and as analysts were anticipating. Four..."
"The embattled Italian Prime Minister Berlusconi agreed to resign once budget cuts and economic reforms are approved by parliament. Nevertheless, Italian sovereign debt yields are sharply higher..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2980
1.3294
1.3542
1.3856
1.4104
1.4418
1.4666
GBP/USD
1.5591…"
"Bank of Canada Governor Mark Carney has been appointed by the G20 leaders to chair the Financial Stability Board. Carney will continue to serve as Bank of Canada governor. Carney spent 13 years as an..."
"Euro clings to small gains in forex tradingEuro is clinging to small gains in forex trading on the currency market. Earlier, EUR/USD saw a sharp reversal, with the euro falling. However, the euro is n..."
"The main refinancing rate was cut by 25 basis points to 1.25%. Very few analysts anticipated the move, which was made at the first policy meeting led by the new president, Mario Draghi. Th..."
"The European Central Bank unexpectedly cut interest rates as Italian and Spanish borrowing costs soared after euro-area leaders raised the prospect of Greece exiting the monetary union.
ECB officials..."
"The U.S. minus euro area manufacturing purchasing managers differential widened for the third consecutive month in October, reaching 3.7 points after a spread of 3.1 points in September, 1.6 points in..."
"The Sedlabanki’s seven-day collateralized rate has been increased by another 25 basis points to 4.75%. The first such move was implemented on August 17 and followed by a pause at the ensui..."
"The RBA eased monetary policy for the first time since a 25-basis point OCR cut in April 2009 culminated a six-step 425 basis point easing from September 2008. Today’s reduction was also b..."
"Wednesday?s announcement that a deal had been reached by the European Union members does not end the debt crisis. At best, some immediate uncertainty has been addressed. But without more information..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3432
1.3615
1.3881
1.4064
1.4330
1.4513
1.4779
GBP/USD
1.5696…"
"After seven consecutive 25-basis point increases from June 2010 through July 2011, the Riksbank’s Executive Board left the repo rate at 2.0% after its September meeting and did the same today...."
"The euro declined 0.4 percent to $1.3855 in late-day trading as it became increasingly unlikely that European Officials would arrive at a finalized plan for dealing with the growing European debt cris..."
"Here’s an inventory of some of the data disappointments that have arisen yesterday and today. Semi-annual revisions raised 2010 estimated euro area deficit- and debt-to-GDP ratios. The eur..."
"The Bank of Canada left its 1.0% overnight money target unchanged as expected and released a more dovish statement than it had in September and much more dovish remarks than provided in July. In..."
"Some Key points in the Bank of Canada’s one page policy statement:
“Considerable Monetary Policy Stimulus” with rates at record low.
Economic momentum has slowed
Predicts bri..."
"Seven interest rate hikes so far in 2011 total 225 basis points and bring the levels of the repo (central bank lending) rate to 8.5% and of the reverse repo to 7.5%. The reserve requirement rati..."
"17-nation currency down on the FX marketThe euro is heading lower in forex trading on the currency market today. A little bit of risk aversion has set in on the market, and the euro is pulling back. D..."
"After marking several days of gains, the euro fell against the dollar on concerns that the two summits planned this week to deal with the debt crisis could fail to arrive at a resolution. The euro fel..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3465
1.3558
1.3727
1.3820
1.3989
1.4082
1.4251
GBP/USD
1.5389…"
"Turkish monetary authorities essentially did a mea culpa today, taking some responsibility for hurting inflation expectations and the lira with earlier policy actions. The Central Bank of the Republic..."
"The central bank in The Philippines left its key overnight borrowing rate at 4.5% and overnight lending rate at 6.5%. Reserve requirements were kept at current levels as well. A progressiv..."
"Although expected, a second 50-basis point rate cut to 11.5% is not without controversy because inflation and credit growth now exceed their targets, expected inflation is climbing, and the labor mark..."
"The Bank of Thailand had previously raised its policy interest rate by 25 basis points each in July 2010, August 2010, December 2010, January 2011, March 2011, April 2011, June 2011, July 2011, and Au..."
"Stocks in Europe turned higher ahead of the New York open as Eurozone officials prepare to meet to continue work on a debt-relief plan for the region. The FTSEurofirst 300 .FTEU3 index of top European..."
"The ZEW Institute released its October figures for Investor expectations toward Germany and Europe and suggested that Germany already may be in technical recession. The data were much worse than antic..."
"There is no backing down from ?this? persistent EUR decline. The market risk premium that was aggressively applied last week feels in danger of giving it all up and then some. Sentiment remains vuln..."
"by Jack Crooks
During my currency trading career, three books have had a profound influence on me by dispelling several common beliefs. And perhaps they can help you too.
The first was …
The..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3022
1.3199
1.3540
1.3717
1.4058
1.4235
1.4576
GBP/USD
1.5287…"
"The only rate increase of the current policy cycle, a 25-basis point hike last February, has been reversed to help “mitigate the impacts of declining global economic and financial performance on..."
"U.K. pound pulls back against dollar in forex tradingSterling is mixed today in currency trading on the FX market. However, the latest economic news means there could be a slide ahead for the pound in..."
Blog:
Global Forex BlogTidsstämpel: 2011-10-11 09:42
Taggar:
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
loonie,
market,
point,
pound,
trading
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2796
1.2970
1.3174
1.3348
1.3552
1.3726
1.3930
GBP/USD
1.4965…"
"Following two months of little change, employment rose by 61,000 in September, all in full time. This increase pushed the unemployment rate down 0.2 percentage points to 7.1%, the lowest rate since De..."
"Declining oil and commodity prices pushed the Canadian dollar to its lowest point against the U.S. dollar in over a year. In the past week alone, the Canadian dollar – known as the “loonie..."
"The U.S. purchasing managers index rose a whole point to 51.6 in September, averting a signal of contracting activity. The last sub-50 reading occurred in July 2009. Readings below 50.0 im..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2943
1.3153
1.3271
1.3480
1.3598
1.3807
1.3925
GBP/USD
1.5156…"
"After disappointing industrial output figure the Japanese government announced an increase in their currency intervention fund.
Finance Minister Jun Azumi said the government would authorize a further..."
"The dollar rose significantly against the euro today, as the poor macroeconomic statistics from the United States and the global risk-averting mood caused investors..."
"Publically, Eurozone officials continue to pledge their full support for Greece and refuse to acknowledge the possibility that Greece may never be in a position to repay its debt obligations. Private..."
"The National Bank of Romania decided again to retain all monetary policy settings as they were. This has been the approach of other east European central banks during the euro debt crisis, and i..."
"Consumer prices in Germany according to preliminary estimates advanced 0.4% seasonally adjusted in September, and the 12-month inflation rate climbed 0.2 percentage points to 2.6%, a three-year high.&..."
"The Bank of Israel surprised analysts with its first announced benchmark interest rate cut since March 2009. In eight steps during the Great Recession, the key Israeli rate was slashed by 375 ba..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2905
1.3143
1.3320
1.3558
1.3735
1.3973
1.4150
GBP/USD
1.4835…"
"The Canadian economy is getting hit because of its close trade and financial ties with the United States and unfavorable commodity price trends. Canadian real GDP contracted 0.4% at an annualized rate..."
"South Africa’s repo rate was left at 5.5% for now, where such has been since a 50-basis point cut in November 2010. 650 basis points of easing were administered in nine doses between Decem..."
"The two-week repo rate was left unchanged at 0.75%, its level since a 25-basis point cut in May 2010. The decision was expected and reached by unanimous vote. At the previous two meetings..."
"Loonie down in forex tradingCanadian retail sales have proved disappointing, dropping more than the expected 0.3%. Canadian auto sales also disappointed, remaining steady at 0%, rather than showing th..."
Blog:
Global Forex BlogTidsstämpel: 2011-09-22 09:34
Taggar:
aussie,
currencies,
currency,
dollar,
economy,
forex,
forex trade,
forex trading,
loonie,
market,
point,
pound,
retail sales,
trading
"Information received since the Federal Open Market Committee met in August indicates that economic growth remains slow. Recent indicators point to continuing weakness in overall labor market condition..."
"A shifting direction in Icelandic monetary policy had been signaled in a more hawkish statement from the Central Bank of Iceland in mid-June and acted upon with a 25-basis point increase on August 17..."
"Italy’s credit rating was cut by Standard & Poor?s, the country?s first downgrade in five years, as Greece?s worsening fiscal crisis fans concern that contagion will engulf countries such a..."
"Greek crisis hurts euroAfter a weekend of meetings, European leaders have once again managed to avoid any real action to stop a Greek default. Indeed, it appears that a Greek default might be inevitab..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3122
1.3309
1.3553
1.3740
1.3984
1.4171
1.4415
GBP/USD
1.5521…"
"Because of a darkening global macroeconomic outlook, many central banks have paused monetary policy regardless of their domestic circumstances. The Reserve Bank of India is not one of them. ..."
"Euro down in forex tradingThe euro is lower in forex trading today, heading down as forex traders consider the likelihood of a solution to the sovereign debt crisis. Once again, finance ministers in E..."
"The Chilean monetary policy rate is reassessed each month and was left unchanged for the third time in a row. Previously, such was hiked at 12 of 13 meetings from June 2010 to June 2011, seven t..."
"Risk appetite spurs gains for high beta currenciesU.S. economic data is once again disappointing, but that isn't hindering some cautious optimism today. Risk appetite is a bit improved today, with hig..."
"U.S. dollar pulls back in forex tradingJobless claims in the U.S. are higher this week, increasing for yet another week in a row. Once again, this development shows what a difficult and inconsistent r..."
"FXCM has just annouced that its fully owned subsidiary FXCM Japan has agreed to acquire another Japanese broker named Foreland Forex (http://www.foreland.co.jp/). Details of the tran..."
"On August 31, the Central Bank of Brazil become the first to cut its key rate after extensive post-recession tightening. COPOM, the bank’s policymaking authority, had slashed its key Selic..."
"Speculation that Germany is prepared to allow Greece to default had investors fleeing the euro in trading in London and New York today. At one point in New York this morning, the euro retraced to a se..."
"by Jack Crooks
There is so much talk out there about what moves currencies. Granted, at any point in time it could be anything … news, geopolitics, economics, earthquakes … on and on ad i..."
"USD/CAD hits 1.00 level before easing backThe U.S. dollar breached the parity level with the Canadian dollar in forex trading on the currency market today. As the U.S. session approaches, the battle l..."
Blog:
Global Forex BlogTidsstämpel: 2011-09-12 09:22
Taggar:
bull,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
loonie,
market,
point,
trading
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.2772
1.3199
1.3427
1.3854
1.4082
1.4509
1.4737
GBP/USD
1.5381…"
"The euro fell below $1.37 this morning to match a six-month low on growing speculation that the European Central Bank will reduce interest rates in the face of declining growth.
?We?ve reached a turn..."
"Concerns about Greece, recession boost risk aversionConcerns about whether or not the Greek plan will go off, as well as worries about a global recession, are keeping risk appetite in check today. As..."
"The Monetary Policy Board had five times earlier hiked the key central bank rate by 25 basis points, doing such in July and November of 2010 and January, March and June of this year. While expre..."
"Bangho Sentral ng Pilipinas also has put policy tightening on pause. Only a quarter of 200 basis points of ease from December 2008 to July 2009 has been reversed following hikes of 25 bps each o..."
"Indonesian monetary tightening has lagged the aggressive policy response of many other Asian central banks. Only one rate hike had been implemented, a 25 basis point increase of the key referenc..."
"U.S. dollar index higher on forex marketThe latest unemployment claims data has been released, and it has once again proved disappointing. More claims were made this past week, once again emphasizing..."
Blog:
Global Forex BlogTidsstämpel: 2011-09-08 09:13
Taggar:
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex market,
forex trade,
forex trading,
market,
point,
trading
"The Bank of Canada left its overnight money target at 1.0%. That level, as well as a 1.25% Bank Rate and a 0.75% deposit rate, have been maintained for a year, following hikes of 25 basis points..."
"The Swiss franc remains weaker than 1.20 per euro at 1.2067. The dollar is generally softer especially versus commodity-sensitive currencies. Gold dropped 2.4% to $1828.7. Oil rose 1.2% to $87.2..."
"The U.S. minus Euroland service sector purchasing managers differential widened to 1.8 points in August from 1.1 points in July and minus 3.9 points in April. The U.S. score unexpectedly rose 0..."
"Stocks fell, Italian bonds dropped for an 11th day and the cost of government and bank default insurance rose to records on concern Europe?s debt crisis will worsen. The euro weakened, while the dolla..."
"U.S. markets are closed for Labor Day, but elsewhere the mood is grim. Ten-year sovereign debt yields tumbled 15 basis points in Britain, 14 bps in Germany and five bps in Japan. Gold catapulted above..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3710
1.3947
1.4075
1.4312
1.4440
1.4677
1.4805
GBP/USD
1.5756…"
"Markets will likely be disappointed today as the Non-Farm Payroll report suggests job creation in the U.S. has stalled. After an 85,000 gain in July, August’s reading showed no increase in net n..."
"Euro gains in forex tradingThe euro is experiencing something of a turnaround today in forex trading, switching to an advance as the latest U.S. employment data is released. While the euro continued i..."
"U.S. dollar starts slide in forex tradingThe August employment report indicates that no net jobs were created. Even with lower unemployment claims, the jobs situation continues to disappoint. As a res..."
Blog:
Global Forex BlogTidsstämpel: 2011-09-02 09:21
Taggar:
currencies,
currency,
dollar,
employment,
forex,
forex trading,
gold,
market,
point,
pound,
report,
trading
"Brazilian monetary authorities unexpectedly cut the key Selic interest rate by 50 basis points to 12.0% on August 31. A statement released by COPOM, the policy committee, justified the action be..."
"Manufacturing in the euro area contracted last month for the first time since July 2009 as the region?s PMI index fell 1.4 points to 49.0. Sub-50 readings were registered in France (49.1), Italy..."
"The latest Markit Manufacturing Production Manager’s Index (PMI) indicates that manufacturing in the Eurozone countries fell more than expected to a 2-year low of 49 with any reading under 50 in..."
"Canada’s current account deficit widened 52.2% between the first and second quarters and to 3.6% of GDP from 2.4% of GDP. Net exports exerted a gargantuan 5.7 percentage point drag on GDP..."
"Greenback in currency tradingSo far, the U.S. dollar is holding steady today in forex trading on the currency market. Greenback is higher in currency trading against the euro, and other safe haven cur..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-31 09:16
Taggar:
currencies,
currency,
currency trading,
dollar,
employment,
forex,
forex trade,
forex trading,
gold,
market,
point,
report,
trading
"The Conference Board index of U.S. consumer confidence plunged 14.7 points in August to a reading of 44.5. It’s average score was 61.6 in the second quarter and 66.3 in the first quarter.&..."
"Usually, we do not add introducing brokers to the list of Forex brokers on EarnForex.com. But, sometimes, IBs can be interesting enough to be listed there. Mega Trade FX is on..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.4209
1.4268
1.4383
1.4442
1.4557
1.4616
1.4731
GBP/USD
1.5825…"
"The British pound fell against the major currencies today following an update indicating that consumer confidence is on the decline in the UK. For August, the consumer sentiment index administered by..."
"Moody’s downgraded Japan’s credit rating to Aa3 from Aa2, citing a big government deficit and rising debt/GDP ratio. The news hurt Asian stocks. The IFO Institute reported a sharp dr..."
"Yen in forex tradingJapan saw a downgrade in its credit rating, but the forex market barely registered it. Indeed, the yen is gaining in forex trading on the currency market. (Likely to the chagrin of..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-24 10:27
Taggar:
announcement,
bank,
currency,
dollar,
forex,
forex market,
forex trade,
forex trading,
market,
point,
rate,
trading
"At an interim unscheduled meeting on August 4, policy makers at the Central Bank of the Republic of Turkey sliced their benchmark one-week repo rate by 50 basis points to 5.75% and narrowed the corrid..."
"Officials at the Magyar Nemzeti Bank left the two-week deposit rate at 6.0% for another month. This decision was widely expected. The interest rate benchmark has been held at that level fo..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3979
1.4110
1.4253
1.4384
1.4527
1.4658
1.4801
GBP/USD
1.5912…"
"On August 17, Sedlabanki’s Monetary Policy Committee authorized the first increase of its seven-day collateralized interest rate since an IMF-mandated three percentage point jump to 18% in late..."
"Gold touched a record high of $1,881.40 an ounce yesterday as demand climbed in the face of severe losses on the global stock markets. The new high marks a 31 percent increase in gold prices since the..."
"Capital markets reached a tipping point yesterday, pushed over by Euro bank funding concerns and weaker US data. The market has been seeing red from the bourses ever since. In currencies, it has been..."
"Euro lower in forex tradingThe euro is slumping today in forex trading as concerns about the global economy rise to the surface. In the euro zone, concerns about growth, connected to Germany's recentl..."
"U.S. dollar higher in forex tradingJobless claims rose last week, sending the number back above 400,000. Additionally, consumer prices rose more than expected. With consumer prices inflation, and with..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-18 11:14
Taggar:
currencies,
currency,
currency trading,
dollar,
financial,
forex,
forex trade,
forex trading,
gold,
inflation,
market,
point,
trading
"Forex traders disappointed by lack of euro peg for the francThe Swiss franc is surging again in forex trading on the currency market as concerns about the euro remain. Swiss officials' attempts to mov..."
"Poor U.S. data boosts euro in forex tradingThe euro is gaining today in forex trading on the currency market. Today, the focus is on disappointing U.S. economic data, and the euro is surging in forex..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3764
1.3934
1.4089
1.4259
1.4414
1.4584
1.4739
GBP/USD
1.5734…"
"After three days of wide-spread losses the Federal Reserve was left with little choice but to take to the airwaves in an attempt to calm jittery nerves. Reassurances given, markets responded positivel..."
"North American stock markets are expected to fall today following Tuesday’s rally following three consecutive days of deep losses. Asian markets were mostly positive overnight with the Hang Seng..."
"French banks, U.S. economic outlook sink risk appetiteThe euro is heading lower in forex trading on the currency market as the outlook for the global economy worsens and risk aversion sets in. FX mark..."
Blog:
Global Forex BlogTidsstämpel: 2011-08-10 11:56
Taggar:
announcement,
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
gold,
market,
point,
trading
"What's next for the U.S. dollar policy?The Fed is expected to release a policy statement today, and forex traders and other investors are waiting to see if Ben Bernanke will announce another round of..."
"Forex traders ignore moves by ECB to contain debt crisisAfter getting a bit of a boost on Friday, the euro is lower in forex trading on the currency market. The news sending the euro down is the S&..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3670
1.3862
1.4068
1.4261
1.4467
1.4659
1.4865
GBP/USD
1.5998…"
"Two-year Treasury yields touched a record low of just 0.28 percent today in response to fears that the U.S. economy could be hurtling towards another recession. In New York the S&P 500 was down 2..."
"Ten-year bond yields in Euroland members with troubled fiscal situations remain in the stratosphere. The ECB was compelled to resume bond buying today in light of premiums versus German bunds th..."
"The fifth of eight scheduled Policy Board meetings in 2011 did not result in an interest rate change, which was the outcome predicted by analysts. Like the prior two meetings on May 5 and June 2..."
"Citing a slowing of the economy in the face of the sovereign debt crisis engulfing several Eurozone countries, the European Central Bank said today it will keep the benchmark lending rate at 1.5 perce..."
"Bank Rossii kept its refinancing rate and deposit rates steady at 8.25% and 3.5%, respectively, today. After the last meeting a month ago, there had been some speculation that officials might ti..."
"If Trichet announces new measures this morning to ease liquidity conditions or buy Euro area bonds then we can reasonably assume that Central Bank action this week will have been coordinated. First, i..."
"Policymakers at the National Bank of Romania have the somewhat conflicting objectives of anchoring expected inflation and ensuring financial market stability via ample banking liquidity. Policy..."
"Service sector PMI readings in July were below original expectations in both the United States and Euroland. In a weakening economy, the number of statistics that lie below expectations tends to..."
"Weakened confidence last month in the European and U.S. political institutions infected those real economies. In spite of lessening Japanese supply disruptions, the U.S. manufacturing purchasing..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3933
1.4081
1.4239
1.4387
1.4546
1.4694
1.4853
GBP/USD
1.6088…"
"Bankgo Sentral Ng Pilipinas will raise reserve requirements by a whole percentage point effective August 5. This decision was not expected and matches one at the June 16 policy meeting and imple..."
"Kiwi in currency tradingThe New Zealand dollar is lower today in forex trading after expectations of a higher rate were crushed. The central bank in New Zealand decided to keep the interest rate the s..."
Blog:
Global Forex BlogTidsstämpel: 2011-07-28 09:40
Taggar:
bank,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
kiwi,
point,
rate,
trading
"New Zealand’s Reserve Bank kept a 2.5% Official Cash Rate but released a statement that persuaded many analysts to predict a 50-basis point rate hike at the next meeting scheduled for mid-Septem..."
"The two-week Hungarian deposit rate has been at 6.0% since a 25-basis point hike in mid-January, which had been the third consecutive monthly hike of that same size. Policy has been paused for t..."
"India?s central bank raised its benchmark interest rate more than forecast to quell the fastest inflation among major economies, spurring a slide in stocks and gain in the rupee.
The Reserve Bank of I..."
"India’s repo and reverse repo rates were increased by 50 basis points each to 8.0% and 7.0%. The repo rate has been raised five times so far in 2011 by a combined 175 basis points. S..."
"Israel’s main central bank rate will stay at 3.25% for at least another month. It was raised from a trough of 0.5% by 75 basis points in 2009, 75 bps in 2010, and 125 bps earlier this year..."
"US Treasury Secretary Timothy Geithner has said he is confident the White House and Congress will agree a deal to raise the US debt ceiling.
He said it was “unthinkable” the US would not m..."
"Euro down in forex tradingThe euro continues to struggle in forex trading on the currency market as Moody's downgrades Greek debt to the lowest rating. Greece's credit rating has taken a rather large..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3678
1.3845
1.4101
1.4268
1.4524
1.4691
1.4947
GBP/USD…"
"The Canadian housing market has “lost touch with fundamentals” according to a report by research firm Capital Economics. In the report released on June 29, the authors suggest that the Can..."
"As widely expected, officials at the South African Reserve Bank (SARB) retained their 5.5% repo rate level, which is a cyclical low. Three additional reductions last year of 50 basis points each..."
"Policymakers at the Central Bank of the Republic of Turkey had cut their key interest rate by 1175 basis points from November 2008 to November 2009. Last fall, a complicated form of tightening w..."
"Markets had been hopeful earlier this week that EU leaders might find a way to stop the prolonged euro debt crisis. On this D-day, it seems that investors are braced for disappointment. The Germ..."
"The Bank of Brazil’s monetary policy committee, COPOM, sanctioned a fourth consecutive and seventh overall Selic rate hike, the size of which was an as-expected 25 basis points to 12.50%. ..."
"The central bank interest rate structure, a 1.0% overnight money target flanked by a 1.25% Bank Rate and a 0.75% deposit rate, will be kept at least until the next scheduled policy announcement on Sep..."
"The Bank of Canada will most likely announce at 13:00 GMT Tuesday a decision not to raise its 1.0% overnight money rate target, which has been at 1.0% since early September 2010 following three consec..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3455
1.3646
1.3900
1.4091
1.4345
1.4536
1.4790
GBP/USD…"
"The Bank of Chile did not raise its key interest rate for just the second time in 14 consecutive monthly meetings, the other time being last January. The rate will stay at 5.25%, 475 basis point..."
"South Korea’s base rRate, which underwent five 25-basis point hikes previously between July 2010 and June 2011, was left at 3.25% this month. A new statement from officials expresses..."
"First a little interest rate history. Bank Indonesia during the Great Recession implemented nine consecutive monthly cuts of its key interest rate, totaling 300 basis points and ending with a 25..."
"Stop me if you?ve heard this before, but Italian finance officials took great pains recently to state that the country is perfectly capable of dealing with the national debt on its own and that the id..."
"Rate cuts by Bank of Mexico policymakers between January and July 2009 totaled 375 basis points from a one-day interbank rate high of 8.25% to 4.5%. On July 8, the 4.5% key interest rate was kep..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3747
1.3976
1.4119
1.4348
1.4491
1.4720
1.4863
GBP/USD…"
"Economic forecast for the U.S.The U.S. dollar is gaining in forex trading right now, but the forex forecast could change if the Federal Reserve decides to roll out QE3 come fall. Indeed, with the rele..."
"Investors, traders and dealers have suffered from FX whiplash at some point this week. The market has progressed from a potential Greek default, Portugal being downgraded, the PBoC and ECB tightening..."
"This morning’s Non-Farm Payroll showed only 18,000 new jobs were created in the month of June. This was far below forecasts calling for upwards of 100,000 new positions. The weak pace of job cre..."
"What is NFP capable of bringing to the table? Better job news. Market consensus is around +100k with a +9.1% unemployment rate. The stronger ADP reading and the better employment component of the non-..."
"The ECB raise all three of its key interest rates by 25 basis points today. This was its second tightening following up by three months on an initial move. The rate corridor surrounding th..."
"The euro was boosted today by news that the European Central Bank (ECB) was lifting the benchmark interest rate by 25 basis points to 1.5 percent. The move was not unexpected as inflation was last rec..."
"U.S. dollar in forex tradingU.S. President Barack Obama is trying to negotiate a deal with Congressional lawmakers to raise the debt ceiling to prevent the U.S. from defaulting on its debt come August..."
"The U.S. minus Ezone purchasing managers differential among manufacturers swung from negative 1.1 in May to +3.3 in June, and the spread between their respective service-sector PMI readings rose a ful..."
"The Chinese one-year lending and deposit rates have been lifted for the fifth time since October 19, 2010. Each increase amounted to 25 basis points. From cyclical lows maintained December..."
"With consumer price inflation expanding at an annual rate of 5.5 percent the People’s Bank of China has responded by increasing interest rates for the third time since the beginning of the year..."
"The Narodowy Bank’s Monetary Policy Council left its 7-day reference rate unchanged at 4.5% following verbal hints over the past month that further increases now were unnecessary. The rate..."
"The Monetary Policy Board at the Reserve Bank of Australia left the Official Cash Rate unchanged at 4.75%. There had been seven 25-basis point increases previously, the first six in October, Nov..."
"There’s much ongoing debate on Forex regulation, but there’s one thing for sure — many traders look only for regulated brokers and pay a lot of att..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3783
1.3942
1.4233
1.4392
1.4683
1.4842
1.5133
GBP/USD…"
"In June, the U.S. factory purchasing managers index climbed 1.8 points to 55.3, while its Euroland counterpart weakened by 2.6 points to 52.0. U.S. manufacturing thus grew faster than Euroland..."
"Comments made today by European Central Bank President Jean-Claude Trichet once again point to a likely interest rate increase when the ECB meets next week to deliver its July statement. Inflation did..."
"Today ends the month of June and second quarter. QE2 expires in the United States. The euro has firmed 0.3% on balance to $1.4475 but broke above $1.4500 in earlier overnight trading. ..."
"Unexpected developments frequently are disappointing. Japan’s massive earthquake in March, which triggered a massive tsunami and serious nuclear facility accident, arguably top the lists o..."
"In leaving monetary policy unchanged for the coming month, a statement from the Bank of Israel made the following points: The key rate was raised from 2.0% to 3.25% between late January and late May..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3745
1.3935
1.4061
1.4251
1.4377
1.4567
1.4693
GBP/USD…"
"In this last week of June, Thursday will mark the passing of month-end, quarter-end and the mid-point of 2011. Highlights of the third quarter will be the August 2nd deadline for increasing the..."
"The Czech Central Bank Board reaffirmed the 0.75% level on its key two-week repurchase rate. Eight reductions from August 2008 to May 2010 totaled 300 basis points. The last cut from 1.0%..."
"Loonie in currency tradingThe Canadian dollar is struggling in forex trading on the currency market today. Choppy trading marks CAD/USD as economic news out of the U.S. sends waves of uncertainty thro..."
Blog:
Global Forex BlogTidsstämpel: 2011-06-23 13:24
Taggar:
currency,
currency trading,
dollar,
economy,
financial,
forex,
forex trade,
forex trading,
loonie,
market,
oil,
point,
trading
"The Executive Board of the Norges Bank as expected left its key interest rate at 2.25%. Four increases of 25 basis points were implemented previously in October 2009, December 2009, May 2010 and..."
"EUR/USD solid in currency tradingThe euro is heading higher in forex trading again today, even though the German ZEW came in disappointingly low. While the ZEW did prompt a small retreat, the euro is..."
"For a fifth straight month, officials at the Magyar Nemzeti Bank left their Base Rate at 6.0%. Three prior increases of 25 basis points were implemented last November, December and January. ..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3664
1.3868
1.4089
1.4293
1.4514
1.4718
1.4939
GBP/USD…"
"As expected, Swiss National Bank policy-makers have retained a 0.0 – 0.75% target range for three-month Swiss LIBOR with a point estimate of 0.25%. These have been the rate parameters sinc..."
"The key repo rate and reverse repo rate, which moves in lockstep with the repo and lies 100 basis points below such, were raised by 25 basis points today. Reserve requirements were not changed a..."
"The Central Bank of Chile late Tuesday implemented the twelfth rate hike of the current tightening cycle but, as expected, cut the size of the move to 25 basis points from increases of 50 bps undertak..."
"Sri Lanka’s Monetary Board left its 7.0% repurchase rate and 8.5% reverse repo rate unchanged at a fifth consecutive monthly meeting. Rates have not begun to rise. In January, such w..."
"Stocks recovered as China’s monthly data were near expectations and did not point to excessive slowdown. Equities advanced 1.5% in China, 1.9% in Thailand, 1.4% in South Korea, and 1.1% in..."
"Stronger than expected Chinese growth data has given a slight boost to risk appetite. Growth in Chinese industrial output (+13.3%) and fixed asset investment (+25.8%) remains robust and above market e..."
"Investors are looking for signs that global growth is bottoming. Disappointing Chinese loan data (552b vs. 740b) released last night will do little to support risk appetite. The weaker than expected r..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3839
1.4080
1.4213
1.4454
1.4587
1.4828
1.4961
GBP/USD…"
"The Bank of Korea, whose Base Rate was slashed from 5.25% prior to August 2008 to 2.0% six months later, announced its fifth increase of 25 basis points today. The rate is now at 3.25%, represen..."
"Indonesia’s reference rate will stay at 6.75% for at least another month. Today’s was the fourth no-change decision in a row. Bank Indonesia has implemented just one rate hike..."
"The Bank of Brazil’s monetary policy committee, known as COPOM, has implemented its seventh rate hike, lifting the Selic Rate to 12.25% from 12.0%. The action was widely forecast and follo..."
"The Narodowy Bank reference rate has been lifted 25 basis points to 4.5%, bringing its cumulative rise to 100 bps. The cyclical low of 3.5% had been kept for 19 months to January 2011 following..."
"Some call Fed easing a "failure"Quantitive easing has been a failure, contened some analysts. At least, the way the Federal Reserve conducted the quantitive easing was a failure. The Fed's plan was to..."
Blog:
Global Forex BlogTidsstämpel: 2011-06-08 12:41
Taggar:
aussie,
bank,
currencies,
dollar,
economy,
financial,
forex,
forex trading,
point,
pound,
trading
"Before proceeding to the actual criticism, I feel obliged to mention two important points. First, Automated Trading Championship (ATC) by MetaQuotes is great. Despite what wil..."
"The Reserve Bank of Australia implemented three 25-basis point rate hikes in 2009 and four more in 2010, but the current “mildly restrictive” stance has not been changed in the last seven..."
"Disappointing economic news in the US has raised fears that demand for commodities including oil could decline in the coming months. This has seen commodity prices fall causing the Canadian dollar to..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3994
1.4125
1.4379
1.4510
1.4764
1.4895
1.5149
GBP/USD…"
"Greece continues to dominate the euro in currency tradingThe euro is heading higher in forex trading on the currency market, gaining as the ECB tries to grapple with what's next for Greece. The ECB ha..."
Blog:
Global Forex BlogTidsstämpel: 2011-06-03 18:46
Taggar:
currency,
currency trading,
employment,
financial,
forex,
forex trade,
forex trading,
market,
point,
rate,
trading
"At ?1.1, the U.S. minus Euroland factory-sector purchasing manager index differential was negative in May for the first time since September. The euro averaged $1.433 in May, a pricey value from..."
"The Bank of Thailand lifted its key policy interest rate for a seventh time on Wednesday. Six prior moves had been implemented, three in 2010 (July, August and December) and three more in Januar..."
"Sovereign bond yields fell in many cases significantly for a second straight month, while short- 10-Yr Yield 04/29/11 05/31/11 Chg vs End-Apr U.S. 3.26% 3.05% -23 Basis Points Germany 3.24% 3.02% -22..."
"The Bank of Canada last raised its overnight target interest rate on September 8, 2010. Increases of 25 basis points each had been implemented at three straight meetings In early June, mid-July..."
"Sterling lower in currency tradingThe cable has dropped in forex trading, heading lower on the currency market as U.S. stocks pull back. The sterling had been higher in currency trading, but the loss..."
Blog:
Global Forex BlogTidsstämpel: 2011-05-31 13:25
Taggar:
cable,
consumer sentiment,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
point,
pound,
trading
"Sterling lower in currency tradingThe cable has dropped in forex trading, heading lower on the currency market as U.S. stocks pull back. The sterling had been higher in currency trading, but the loss..."
Blog:
Global Forex BlogTidsstämpel: 2011-05-31 13:06
Taggar:
cable,
consumer sentiment,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
point,
pound,
trading
"The Central Bank of the Republic of Colombia intervention rate was increased by another 25 basis points, matching prior moves in February, March and April. The rate, which now becomes 4.0%, had..."
"Canadian dollar mostly rangebound ahead of interest rate announcementThe Canadian economy saw increased growth in Quarter 1, growing to 3.9%. Businesses helped spur the growth. Even though there was i..."
Blog:
Global Forex BlogTidsstämpel: 2011-05-30 12:49
Taggar:
announcement,
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
point,
rate,
trading
"The key Mexican interbank interest rate was left at 4.5% by Bank of Mexico policymakers, who met on Friday. This rate was cut several times by 375 basis points in all during 2009 but has been at..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3718
1.3844
1.4072
1.4198
1.4426
1.4552
1.4780
GBP/USD…"
"This has not been a good week for those hoping to see confirmation of an improving U.S. economy. If anything, evidence suggests the pace of growth is waning and April?s consumer spending numbers were..."
"Greenback down across the board in forex tradingGreenback is under pressure across the board today in forex trading on the currency market. U.S. dollar is lower in currency trading today as consumer s..."
Blog:
Global Forex BlogTidsstämpel: 2011-05-27 11:05
Taggar:
announcement,
aussie,
consumer sentiment,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
home sales,
market,
point,
pound,
trading
"The pound benefited from disappointing economic news out of the U.S. and a thinly-veiled threat from an official with the International Monetary Fund to make strong gains today on both the dollar and..."
"World currencies in forex tradingRisk aversion was the story earlier today, as the Japanese yen and Swiss franc logged gains in forex trading. These two currencies are considered safe and stable, and..."
"Euro in forex tradingJean-Claude Juncker, Eurogroup leader, said earlier that the IMF may not send its portion of bailout funds to Greece next month, as agreed. Concerns about the growing difficulties..."
"The US Commerce Department today announced that new orders for durable goods suffered the worst decline in over half a year falling far below expectations. Orders dropped by 3.6 percent with reduced o..."
"Is a euro crash on the way?Many forex traders are speculating about what could be next for the euro on the currency market. The possibility of a euro crash is being brought up in some cases, as forex..."
"Israel’s policy interest rate was increased today by 25 basis points to 3.25%. It was cut to 0.5% during the Great Recession. But way back in August 2009, the Bank of Israel implemen..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3724
1.3886
1.4022
1.4184
1.4320
1.4482
1.4618
GBP/USD…"
"Euro in forex tradingThe euro is losing ground in forex trading as concerns about what's next for the euro zone, and risk aversion in general, send forex traders to the U.S. dollar. Right now, t..."
"Direction hard to find for euro in forex tradingThere has been a great deal of volatility today for the EUR/USD in currency trading on the FX market. The euro is down in forex trading today, but tradi..."
"EUR/USD advanced today and failed later, then rose again only to drop even lower. Currently the euro attempts to climb again, but without any significant success so far. The e..."
"As they had done at prior meetings on February 21, March 28 and April 18, policymakers at the Nemzeti Magyar Bank left their benchmark interest rate at 6.0%. The March and April decisions had be..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3599
1.3832
1.3974
1.4207
1.4349
1.4582
1.4724
GBP/USD…"
"The Monetary Policy Committee did not hike South Korea’s Bank Rate by 25 basis points as expected, so such instead remains at 3.0% following increases of 25 basis points each last July, November..."
"The Central Reserve Bank of Peru also has raised its key reference rate in a hurry after having cut such extensively during the world recession. The rate was reduced by 525 basis points from 6.5..."
"Few central bank interest rates have traced a U-shaped pattern quite as well as Chile’s. Seven consecutive monthly cuts from January through July of 2009 slashed the rate by 775 basis poin..."
"Six previous reductions totaling 500 basis points between December 2008 and August 2009 and a further three cuts of 50 basis points apiece in March, September and November 2010 slashed the South Afric..."
"Bank Indonesia continues to err on the side of monetary accommodation, placing it on the looser end of the spectrum of Asian monetary policies. Officials meet each month to set their key referen..."
"The Executive Board of the Norges Bank raised its key policy rate to 2.25% from 2.0%. Three earlier hikes of 25 basis points each were implemented in October 2009, December 2009 and May 2010...."
"The reference rate of the Narodowy Bank is being raised to 4.25% from 4.0%. The interval since the prior hike of 25 basis points on April 5 was smaller than that between the first move on Januar..."
"Today, we bring you an interview with Arnaud Jeulin of Mataf.net. Below, Arnaud discusses his background and reveals his favorite currency pairs. Forex Blog: I’d like to begin by asking you abou..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3469
1.3888
1.4101
1.4520
1.4733
1.5152
1.5365
GBP/USD…"
"Euro heading higher in forex tradingThe U.S. dollar saw a great rally yesterday in currency trading on the FX market. Earlier, the greenback also got a bit of a boost from the latest news related to t..."
Blog:
Global Forex BlogTidsstämpel: 2011-05-06 09:52
Taggar:
announcement,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
gold,
market,
point,
rate,
report,
trading
"U.S. dollar falls back after another boostYesterday, the U.S. dollar rallied as Jean-Claude Trichet disappointed forex traders about euro zone interest rates, and as commodities -- especially gold pri..."
Blog:
Global Forex BlogTidsstämpel: 2011-05-06 09:47
Taggar:
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex trade,
forex trading,
fx market,
gold,
market,
point,
rate,
trading
"Bangko Sentral Ng Pilipinas has implemented a second tightening of its monetary policy interest rates, following up on an initial move on March 24. The reverse repo rate for borrowing was lifted..."
"The yen strengthened beyond 80/USD for the first time since March 18, touching a high of 79.58 and climbing 1.1% on balance. Central banks in Malaysia and the Philippines hiked key interest rates by 2..."
"In January of this year, the United States purchasing manager survey indices in both manufacturing and services exceeded their Euroland counterparts by 3.5 points each. Just three months later..."
"Aussie lower in forex tradingThe Australian dollar is heading lower in currency trading on the FX market today as commodities lose ground. U.S. stocks are retreating on disappointing data, and commodi..."
Blog:
Global Forex BlogTidsstämpel: 2011-05-04 11:01
Taggar:
aussie,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
gold,
loonie,
market,
oil,
point,
trading
"The European Central Bank is expected to indicate its intentions to lift interest rates when it meets later this week. In March, the ECB used the phrase “strong vigilance” to describe its..."
"The Reserve Bank of Australia was among the earliest central banks to begin raising interest rates, which made sense since the Australian economy managed to avoid a downturn during the Great World Rec..."
"The National Bank of Romania as anticipated left its key interest rate at 6.25%, the level since May 2010. The last rate change, a cut of 25 basis points, was undertaken a year ago in May 2010 a..."
"The Reserve Bank of India raised its repo rate by 50 basis points to 7.25%. There have been nine increases since the first one in March 2010, three by 50 basis points including today’s and..."
"Risk sensitive currencies are on the defensive this morning. The EUR is failing to retain its upward momentum as the market eyes option related levels below. The antipodean currencies are underperfor..."
"U.S. dollar gains in forex tradingThe U.S. dollar saw gains yesterday after the announcement of Osama bin Laden's death. However, it soon pared its gains to fall to other currencies. Today, though, th..."
Blog:
Global Forex BlogTidsstämpel: 2011-05-03 11:09
Taggar:
announcement,
currencies,
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
fx market,
market,
oil,
point,
trading
"The U.S. minus Euroland PMI spread narrowed to +2.4 points in April from 3.7 points in March. The spread’s width has lately been pretty trendless, although oscillating to a fair degree...."
"For the eighth straight month, the price for single-family homes fell in February. The S&P/Case Shiller composite index – which measure home prices for twenty cities across America –..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.4183
1.4338
1.4571
1.4726
1.4959
1.5115
1.5347
GBP/USD…"
"Russia and Vietnam have been coping with very elevated inflation even by the standards of mounting commodity-fueled price pressures found in most countries these day. Today, the State Bank of Vi..."
"Loonie in currency tradingThe Canadian dollar has erased earlier losses, and is heading higher against the U.S. dollar in forex trading. The loonie is looking at multi-year highs in currency trading a..."
Blog:
Global Forex BlogTidsstämpel: 2011-04-29 15:11
Taggar:
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
loonie,
market,
oil,
point,
profit,
trading
"After the worst recession since the 1930s, the recovery continues to be disappointing in strength. Over the first seven quarters of the current U.S. economic recovery, real GDP grew at an annual..."
"If you are looking for further evidence as to just how bleak the outlook is for Portugal, consider this ? it costs more for Portugal to borrow for six months, than it does Germany for thirty years.
Co..."
"The dollar fell against the euro before the disappointing US GDP growth data was released today. The currency pair was in a decline for 2 hours immediately before th..."
"EUR/USD continues rallyThe EUR/USD currency pair continues to rally in forex trading as the latest GDP data comes in. U.S. economic growth in quarter one of 2011 was disappointing, and that is reflect..."
Blog:
Global Forex BlogTidsstämpel: 2011-04-28 12:00
Taggar:
currencies,
currency,
currency pair,
dollar,
forex,
forex trade,
forex trading,
home sales,
point,
report,
trading
"Greenback down across the board in currency tradingU.S. GDP data from the first quarter is in, and it is somewhat disappointing. Instead of seeing growth that indicates a true economic recovery, GDP i..."
Blog:
Global Forex BlogTidsstämpel: 2011-04-28 11:51
Taggar:
consumer confidence,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
market,
point,
trading
"WSJ Reports: OptionsXpress Holdings Inc. (OXPS) is developing a new currency-trading offering that will give the derivatives-focused online brokerage an entry point to the $313 billion per day retail..."
"Bravo to the Fed for introducing press conferences! One generally doesn’t learn much from Bank of Japan press conferences, which are frequent affairs, and the ECB’s staged events are..."
"Today’s FOMC statement was released at 12:30 EDT (16:30 GMT) as promised, and market participants now must wait an hour and 45 minutes for Chairman Bernanke’s press conference to begin...."
"Greece’s deficit for 2010 was a higher-than-expected 10.5 percent for 2010 surpassing the projected 9.4 percent shortfall by more than a full percentage point. The news sent Greek bond yields hi..."
"The Bank of Israel paused monetary policy tightening this month, having already lifted its base rate by 100 basis points in three successive moves during the first quarter of 2011. That advance..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3772
1.3964
1.4262
1.4454
1.4752
1.4944
1.5242
GBP/USD…"
"Not only was the exit of dbFX from the retail market a headline grabber, the transfer of clients to Gain Capital once again brought two powerful industry leaders into a bidding war. The dbFX/FXCM part..."
"Alpari just announced Daniel Skowronski?s appointment to the National Futures Association?s (NFA) Forex Dealer Member (FDM) Advisory Committee. The primary responsibilities of the FDM Advisory Committ..."
"The Central Bank of the Republic of Turkey is engaged in an experiment of low interest rates, higher reserve requirements and a wide gap between its overnight borrowing rate of 1.5% and lending rate o..."
"The pace of USD weakening has quickened in this holiday shortened trading week. With the Fed expected to be on hold for the remainder of the year, despite ECB hikes and the US budget again being a mar..."
"The Swedish Krona climbed to a 2 1/2 year high against the US dollar after Sweden’s central bank – the Riksbank – hiked rates for the sixth time in the past fifteen months. The lates..."
"Danish newspaper Borsen reports without citing sources that two Saxo Bank owners Lars Seier Christensen and Kim Fournais are about to sell 33% of the Bank’s shares for approximately $960 million..."
"The two-week deposit rate of the Magyar Nemzeti Bank was left at 6.0%, the same result of the prior two meetings on February 21 and March 28, and a statement today made similar points as those from th..."
"The euro declined by a full percentage against the dollar in early-morning trading in new York today. Meanwhile, the yield on Greek two-year bonds jumped 100 points to 19.50 percent, the highest rate..."
"At this point, it’s cliche to point to the so-called data deluge. While once there was too little data, now there is clearly too much, and that is no less true when it comes to data that is rele..."
"After 375 basis points of reduction within seven months from 8.25% at end-2008, the Bank of Mexico’s policy interest rate has remained at 4.5% since July 2009 and will continue to do so at least..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.4200
1.4282
1.4355
1.4437
1.4510
1.4592
1.4665
GBP/USD…"
"After its semi-annual monetary policy review, the Monetary Authority of Singapore (MAS) has re-centered the SGD target range upward but not so much that the range mid-point is above the currency’..."
"Despite all the event and geopolitical concerns, there remains a healthy tolerance for risk in the market. Investors believe that the EUR is less exposed to a decline in risk appetite. Trichet and com..."
"The Central Bank of Chile’s overnight interest rate has been raised by an as-expected 50 basis points to 4.5%. There has been an increase at ten of the last eleven monthly meetings of the..."
"Indonesian monetary officials continue to drag their feet compared to their counterparts tightening policy elsewhere in Asia. During the Great Recession, the benchmark interest rates was slashed..."
"The Bank of Korea’s seven-day repo rate was kept at 3.0% as most pundits expected. Starting last July, such had previously been raised four times by 25 basis points each, most recently at..."
"Last year, the Bank of Canada implemented two quarter point interest rate increases in the second half of the year to lift Canada?s benchmark Bank Rate to one percent. Since then, Governor Mark Carney..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3924
1.4038
1.4260
1.4374
1.4596
1.4710
1.4932
GBP/USD…"
"A survey of economists shows most observers believe the European Central Bank will implement further interest rate hikes in addition to yesterday’s quarter-point increase to 1.25 percent. The su..."
"As analysts expected, officials at Peru’s central bank lifted their reference interest rate by another 25 basis points just as they had done each month of this year’s first calendar quarte..."
"EUR/USD slumped earlier this trading session and now gradually recovers. The euro was boosted as the European Central Bank raised its target lending rate by 25 basis points to..."
"The European Central Bank today raised the benchmark lending rate by a quarter point to 1.25 percent. Describing the ECB’s monetary policy as “accommodative”, ECB President Jean-Clau..."
"The ECB as expected raised its refinancing rate by 25 basis points to 1.25%. Such had been at 1.0% since May 2009. The deposit rate and marginal lending rate were also lifted by 25 basis p..."
"Since the March policy meeting five weeks ago, ECB officials have painstakingly prepared markets for a rate hike on April 7, which presumably will be 25 basis points in size. The statement relea..."
"The Bank of England policy announcement this month will be made at 11:00 GMT tomorrow. The February and March meetings of the Monetary Policy Committee produced identical votes. Regarding the 0..."
"EUR/USD rallied today on forecast that the European Central Bank will raise its minimum bid rate from 1% to 1.25% tomorrow. There is not much macroeconomic data from the US this we..."
"Poland’s central bank reference rate was hiked today to 4.0% from 3.75%. An initial 25-basis point increase on January 19 was the first tightening since June 2008. From November 2008 to Ju..."
"Australia’s Official Cash Rate will remain at 4.75% for at least another month. This decision by the RBA Board was expected. The key interest rate had previously been raised seven ti..."
"The People’s Bank of China raised the one-year lending rate by 25 basis points to 6.31% and the one-year deposit rate by the same magnitude to 2.25%. Three earlier increases, all by 25 basis poi..."
"Just a tenth of a point separated the U.S. and Euroland service sector purchasing manager readings in March. That gap was down from 2.9 points in February and 3.5 points in January, and such con..."
"The People’s Bank of China has implemented a fourth increase of its lending and deposit rates, lifting such in an unexpected move by 25 basis points to 6.31% and 3.25%. Prior increases wer..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3864
1.3942
1.4088
1.4166
1.4312
1.4390
1.4536
GBP/USD…"
"The differential between the U.S. factory purchasing managers index and Euroland’s climbed to 3.7 points, its widest spread since March 2010. Not coincidentally, the euro posted an average..."
"Analysts have been projecting a 200K increase in nonfarm payroll jobs, but many market traders believe the figure may be closer to 300K than 200K. The catalyst for these euphoric whisper numbers..."
"Officials at the National Bank of Romania left their key interest rate 6.25%, extending the period of time at that level to at least twelve months. From a peak of 10.25%, the rate was cut five t..."
"Taiwan’s central bank Policy Board has raised key interest rates by 12.5 basis points just as it did at the end of third and fourth quarters of 2010. An initial increase was undertaken in..."
"The last rate hike at the European Central Bank was by 25 basis points in July 2008 and shrouded in controversy, coming just over two months before the collapse of Lehman Brothers triggered an intensi..."
"The employment report created by Payroll services company ADP shows the US economy added 201,000 jobs in March. The Friday’s Non-Farm Payroll report is expected to reveal an increase of 210,000..."
"EUR/USD rallied today at the beginning of the trading session, but later it slumped back to the opening price. The euro attempted to rise again after the n..."
"Euro continues to gain in currency tradingPortugal has been downgraded again, for the second time in less than a week. Now, Portugal is just one step above junk status. Portugal's latest downgrade com..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-29 11:05
Taggar:
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
fx market,
market,
point,
rate,
trading
"The Bank of Israel implemented a third consecutive interest rate hike. It was the ninth tightening since normalization began in August 2009 and the first one to exceed 25 basis point in size...."
"Magyar Nemzeti Bank officials decided to keep their base rate at 6.25%. This is the same action as taken at the February meeting and follows three consecutive hikes of 25 basis points in Novembe..."
"Forex Club has announced the appointment of Rafael Carrascosa is appointed as CEO of FOREX CLUB as of March 16th 2011. Forex Club is undergoing a major restructuring by consolidating all group’s..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3817
1.3935
1.4011
1.4129
1.4205
1.4323
1.4399
GBP/USD…"
"The last two-week repo rate change, a 25-basis point reduction in May 2010, culminated 300 basis points of easing in eight moves from August 2008. According to a statement posted today on the CN..."
"Bangko Sentral ng Pilipinas implemented its first rate change since July 2009, lifting its overnight borrowing rate and overnight lending rate by 25 basis points each to 4.25% and 6.25%. Declari..."
"EUR/USD in currency tradingThe euro is surging higher in forex trading on the currency market today, thanks mainly to interest rate speculation. Forex traders expect that the ECB will raise rates by a..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-24 09:55
Taggar:
bank,
currency,
currency trading,
economy,
forex,
forex trade,
forex trading,
market,
point,
rate,
trading
"The Central Bank of the Republic of Turkey increased reserve requirements by between two and five percentage points. As of April 1, most will range from 9% to 15%. This move was not antici..."
"Euro off highs against U.S. dollar in currency tradingThe euro has turned lower in forex trading on the currency market. After reaching a five month high earlier, the 17-nation currency has dropped.&n..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3635
1.3745
1.3963
1.4073
1.4291
1.4401
1.4619
GBP/USD…"
"China raised their reserve requirement ratio today for the third time this year and the ninth time since the beginning of 2010. I don’t have time to write much about this but I want to point out..."
"The Central Bank of Chile raised its key overnight interest rate by 50 basis points, surprising analysts who’d expected an increase of 25 basis points. The central bank has been normalizin..."
"SNB policymakers decided to retain a target range of zero to 0.75% on three-month LIBOR and a point target within that band of 0.25%. Those parameters have defined Swiss monetary policy for the..."
"In order to counter demand-side inflationary pressure and inflation expectations, monetary officials in India raised their key repo lending rate and reverse repo borrowing rate by 25 basis points each..."
"After peaking at 18% in October 2008, the Sedlabanki seven-day lending rate was cut by 800 basis points in 2009, 550 bps in 2010, and by 25 basis points to 4.25% at the first policy meeting of this ye..."
"The British Pound has risen almost 15% against the Dollar over the last twelve months. It seems that the markets are ignoring the fiscal concerns that sent the Pound tumbling in 2010, and focusing mor..."
"Today’s FOMC Statement contained some new ideas, retained long-familiar points, acknowledged higher inflation and a firmer recovery, held to existing policy, produced at least one surprise for m..."
"Japan is under a radiation alert, as more explosions and fire at a nuclear reactor lift risk of a meltdown. Radiation levels near Tokyo above normal. Bank of Japan support seen too timid f..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3475
1.3613
1.3758
1.3896
1.4041
1.4179
1.4324
GBP/USD…"
"Bank Negara Malaysia kept its Overnight Policy Rate at 2.75%, the level since a 25-basis point hike last July. There were also 25-bp increases in March and May of 2010. On-year CPI inflati..."
"The Central Reserve Bank of Peru lifted its reference rate by 25 basis points for the third straight month and released a statement calling the action “preventive” in the face of risi..."
"Analysts had expected a base rate increase to 3.0% from 2.75% in February. It didn’t happen then but was done today. Three earlier tightenings of 25 basis points apiece were implemen..."
"What was particularly painful was the fact that Moody's downgraded Spain, one of the larger economies within the Eurozone. Downgrades boosts the risk of default and Europe cannot afford to bailout Spa..."
"A slew of negative economic surprises along with an unexpected downgrade of Spain by Moody?s pushed risk FX lower through most of Asian and European session Top Stories Moody's downgrades Spain sendi..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-10 08:24
Taggar:
aussie,
bank,
bull,
cable,
currencies,
currency,
economy,
employment,
finance,
gold,
industrial production,
inflation,
long position,
market,
oil,
point,
rate,
report,
retail sales,
trade balance
"The Reserve Bank of New Zealand Reduced its Official Cash Rate by 50 basis points to 2.5%, returning to the cyclical low maintained for 14 months following 575 basis points of ease between July 2008 a..."
"This week’s policy decision is a difficult read. Since splitting 6-3 in February, with six monetary policy committee members voting for no change, two wanting a Bank Rate hike of 25 basis..."
"FX360.com | The lack of U.S. economic data this morning has once again led to relatively quiet trading in the foreign exchange market. The lack of U.S. economic data this morning has once again led..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-09 10:21
Taggar:
bank,
bear,
bull,
cpi,
currency,
currency pair,
dollar,
economy,
employment,
finance,
foreign exchange,
inflation,
market,
oil,
point,
pound,
rate,
report,
retail sales,
trading
"Fx360.com | Australian Home Loan approvals declined for the first time in seven months. Australian Home Loan approvals declined for the first time in seven months as floods inundated the country&rsquo..."
"fx360.com With the rally in equities, the pullback in commodity prices and the rise in Treasury yields, the improvement in risk appetite should have driven the dollar lower. USD: NERVOUSNESS REIGNS &..."
Blog:
Global Forex BlogTidsstämpel: 2011-03-08 20:25
Taggar:
announcement,
aussie,
bank,
bear,
consumer confidence,
consumer sentiment,
currencies,
currency,
currency pair,
currency trade,
dollar,
economy,
employment,
finance,
financial,
industrial production,
inflation,
margin,
market,
oil,
point,
pound,
price index,
profit,
rate,
report,
retail sales,
spread,
trading
"I was inspired to write this post by a recent article published by Counting Pips, entitled “The Problem with Forex Fundamental Analysis.” While the author, Warren Seah, delivers a stinging..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3500
1.3605
1.3795
1.3900
1.4090
1.4195
1.4385
GBP/USD…"
"Indonesian monetary authorities implemented their first rate hike last month since October 2008, a 25-basis point increase to 6.75%. There had previously been 17 consecutive monthly meetings wit..."
"After 375 basis points of reduction from 8.25% to 4.5% during the first seven months of 2009, the benchmark Bank of Mexico interest rate has not been changed since July 2009. Analysts are not ex..."
"Over the past year, the German-US 10 year yield has been a fantastic leading indicator for the EUR/USD. Following Trichet’s latest comments, the spread has soared which in turn points to furthe..."
"COPOM, the Bank of Brazil’s policy-making committee, increased its Selic rate to 11.75% from 11.25%, bringing cumulative tightening over the past eleven months to 300 basis points in five steps..."
"Narodowy Bank has implemented just one hike of its reference rate thus far, a 25-basis point increase on January 19 to 3.75%. From June 2008 to November 2008, the rate had crested at 6.0%, still..."
"Euroland’s purchasing managers index advanced 1.7 points to 59.0 last month. The rise was nearly three times larger than the 0.6 point improvement of the U.S. manufacturing PMI index, and..."
"There had already been three increases of 25 basis points each but none more recently than last September 8th. A statement released by Canadian monetary authorities observed that economic recove..."
"Euro maintains strength in forex tradingWith all of the uncertainty going on right now, and with concerns that the U.S. economic recovery is likely to remain sluggish, it seems odd that the euro has m..."
"Retail purchasing manager survey readings revealed a significant setback in February. Only readings above 50 constitute expanding activity, and February’s score of 49.9 was 5.9 points less..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3261
1.3393
1.3573
1.3705
1.3885
1.4017
1.4197
GBP/USD…"
"The Colombian interest rate was raised today by 25 basis points in the first advance since July 2008. The benchmark central bank rate had been 3.0% since a 50-basis point cut on April 30, 2010 t..."
"On February 8th, the People?s Bank of China raised the one-year lending rate twenty-five basis points to 6.06 percent. This marked the third rate increase in four months and most observers believe mor..."
"The US Commerce Department said today that the economy grew at an annual rate of 2.8 percent in the final quarter of 2010. The news was somewhat disappointing as projections called for 3.2 percent gro..."
"Stocks recovered 1.8% in Hong Kong and Singapore, 1.7% in Sri Lanka, 0.9% in Thailand, 0.7% in Japan, 0.6% in Australia and 0.4% in India. In Europe, equities climbed 1.2% in Paris, 0.5% in Fran..."
"Political chaos in the Middle East has spawned an hysterical oil market, with Brent topping $119.70 at one point and West Texas Intermediate eclipsing $103 amid forecasts of a potential spike above $2..."
"Drachma may make a comebackContinued problems in Greece are leading to speculation that the country might have to leave the euro zone and reintroduce the drachma in order to save itself. The European..."
"U.S. consumer confidence according to the Conference Board survey advanced 5.6 points to 70.4 in February and by 17.1 points over the first two months of this year. More confidence is being expr..."
"Greenback in currency tradingSo far, the U.S. dollar has been hanging in there, even as oil prices rise, thanks to the situation in Libya and other Middle Eastern countries. This is a bit unusual, sin..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-22 10:49
Taggar:
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
inflation,
market,
oil,
point,
rate,
trading
"Following increases of Magyar Nemzeti Bank’s Base Rate by 25 basis points each on November 29, December 20, and January 24, such was left steady at 6.25% this month. 625 basis points of ea..."
"A slightly sloped head-and-shoulders pattern has formed on H4 USD/JPY chart. It still hasn’t broken out but the most probable direction after such patterns is down. In case o..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3217
1.3323
1.3503
1.3609
1.3789
1.3895
1.4075
GBP/USD…"
"Canadian dollar forex trading forecastThe loonie has reached a new high against the U.S. dollar in forex trading on the currency market. The Canadian dollar is gaining again, thanks to support from hi..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-17 11:34
Taggar:
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
loonie,
market,
oil,
point,
rate,
report,
trading
"No additional policy changes have been undertaken by the Central Bank of the Republic of Turkey. Like many emerging economies, Turkey has experienced higher inflation. Whereas other centra..."
"The Riksbank Executive Board has implemented a fifth repo rate increase of 25 basis points following similar increments last July 1, September 2, October 25 and December 15. The rate level becom..."
"Eurozone growth failed to meet expectations in the fourth quarter of 2010 growing by 0.3 percent and well under the previous year’s 2.0 percent growth. For all of 2010, the Eurozone economy grew..."
"Dollar down against euro in forex tradingThe U.S. dollar is pulling back in currency trading on the FX market. Greenback is lower as economic news slows things down for the dollar, and as good news in..."
"Economy has a ways to goJanuary retail sales disappointed analysts today. They did rise, but not as much as expected. Some were hoping for some carryover from the holiday season, and optimism by U.S..."
"The 1.1% drop in GDP last quarter was about half as steep as feared. Real GDP still advanced 3.9% in 2010, the most since 1990. The main sources of growth in 2010 came from net exports (1..."
"In January, officials at the Bank of Korea raised their Base Rate by 25 basis points when analysts weren?t expecting a move, and on February 11 they kept the key rate at 2.75% when the market had been..."
"Bangko Sentral ng Pilipinas again left its key repo rate at 6.0% and reverse repo rate at 4%. The central bank is one of very few in Asia not to have begun raising rates, and the point is made i..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3199
1.3347
1.3447
1.3595
1.3695
1.3843
1.3943
GBP/USD…"
"A two-day drop in commodity prices has pushed the Canadian dollar to its lowest level in a week against the US dollar. The loonie declined 0.4 percent to 99.77 cents per US dollar this morning in New..."
"Greenback higher in currency tradingThe U.S. dollar is gaining in forex trading on the currency market today as risk appetite dissipates. One would expect that fairly positive economic data would help..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-10 11:10
Taggar:
currencies,
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex trading,
market,
point,
trading
"The smart money, which says the Monetary Policy Committee will again elect not to change policy settings, may be whistling past the cemetery. Resistance to a bank rate hike of 25 basis points to..."
"With Japan’s benchmark interest rate holding steady at 0.1 percent for over two years now, investors in Japan are turning to foreign investments in the search for better yields. Investors outsid..."
"The People’s Bank of China raised both its one-year lending rate and deposit rate by 25 basis points to 6.06% and 3.0%. Like the prior increase announced on Christmas Day, officials chose..."
"The repo rate had been cut by 50 basis points in November and 25 bps each in December and January but was left unchanged this month at 7.0%. 200 bps of cuts were implemented in the first half of..."
"After an uneventful Monday, markets finally have some important news: The Peoples Bank of China announced hikes of 25 basis points each in the one-year lending rate to 6.06% and in the one-year deposi..."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3148
1.3345
1.3466
1.3663
1.3784
1.3981
1.4102
GBP/USD…"
"Bank Indonesia became one of the last Asian central banks to begin raising interest rates today with a hike of 25 basis points in its benchmark to 6.75%. The move is being characterized as a pre..."
"Loonie in currency tradingThe Canadian dollar rallied in forex trading rather solidly earlier today after the release of employment market data. Reasonably good data out of the U.S. has helped somewha..."
Blog:
Global Forex BlogTidsstämpel: 2011-02-04 12:41
Taggar:
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex trading,
loonie,
market,
point,
rate,
report,
trading
"Forex trading forecast for the U.S. dollarThe U.S. dollar is higher in forex trading on the currency market, moving up against the euro. This development comes as employment data is mixed. Unemp..."
"The National Bank of Romania left its monetary policy rate unchanged at 6.25%, its level since a 25-basis point cut last May 4th. There were five rate cuts from February 2009 to September 2009 t..."
"Sedlabanki’s seven-day key lending rate was reduced to 4.25% from 4.5%. The marginal lending rate, 28-day CD rate, and deposit rate were each also sliced by 25 basis points to 5.25%, 4.0%..."
"The Bank of Canada has revised upwards by a full percentage point, its prediction for expansion in the U.S. economy. The Bank of Canada now expects the U.S. economy to grow by 3.2 percent, while the B..."
"Bank Rossii left its key refinancing rate at 7.75%, its level since June 2010. The rate had been cut by 425 basis points during 2009 and a further 100 bps over the first five months of 2009...."
"
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res
EUR/USD
1.3294
1.3417
1.3512
1.3635
1.3730
1.3853
1.3948
GBP/USD…"
"The stage is set for a strong dollar performance this morning. When the market overhypes the currency generally disappoints, however, the EUR bears remain optimistic. Consensus seeks an advance GDP es..."
"A euro correction could be comingThe euro is lower against the U.S. dollar today, heading down as news about an accelerating U.S. economic recovery is compared to continued sovereign debt issues in Eu..."
"Better economic outlook helps greenback in currency tradingInteresting things are happening with the U.S. dollar right now in forex trading. Greenback is gaining in currency trading on the FX market a..."
"For three straight years, the federal deficit has hovered around 10% of GDP. Without policy changes, long-term fiscal trends will be unsustainable, but crisis conditions do not exist at present..."
"New applications for jobless benefits rose unexpectedly by 51,000 to 454,000 in the week ending January 22nd. According to the Labor Department, snowstorms delayed the processing of some claims and th..."
"Policymakers at Bank Negara Malaysia retained a 2.75% key rate, its level for the past half-year. The Monetary Policy Committee doesn’t meet again until March 11. There were three ra..."
"Wondering when a central bank is set to raise interest rates? Here’s what the market pricing in for each of the major central banks. As you can see, a full 25bp of tightening has not been pric..."
"The Norges Bank as expected, retained a 2.0% key interest rate level, same as since May 2010 for essentially the same reasons as given in December. Core inflation is running at about 1.5%, a per..."
"The Federal Open Market Committee meets today for the first of eight scheduled dates in 2011. A statement at 19:15 GMT is not expected to modify policy. Minutes from the Bank of England’s..."
"The official cash rate, which has been 3.0% since a second hike of 25 basis points in July 2010, was again left unchanged. The first hike of 25 bps was made in June 2010 from a cyclical low of 2..."
"The Reserve Bank of India today implemented another round of 25-basis point hikes in its key repo lending rate to 6.5% and its reverse repo borrowing rate to 5.5%. Officials also retained their..."
"Following five hours and 53 minutes of deliberations over two days, the BOJ’s Policy Board retained a 0.0-0.1% target range on overnight money rates in a unanimous 9-0 vote. The target had been..."
"Euro, pound lower against the U.S. dollarRisk appetite is all but gone on the forex market today. Forex traders are a bit cautious as concerns about various economies comes into play. They are waiting..."
Blog:
Global Forex BlogTidsstämpel: 2011-01-25 08:49
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex market,
forex trade,
forex trading,
inflation,
market,
point,
pound,
rate,
trading
"The process of gradual interest rate normalization took another step today in a move that analysts mostly anticipated. This was the seventh increase so far but the first in four months. Al..."
"Officials at Magyar Nemzeti Bank raised the Hungarian Base Rate by 25 basis points for a third straight month and suggested further increases could occur in the future. A statement from the cent..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"South African monetary officials, who meet less frequently than most central bank policy boards, implemented three rate reduction in 2010 including its prior two meetings in July and November. T..."
"The one-week repo rate of the Central Bank of the Republic of Turkey has been reduced another 25 basis points to 6.25%. Such was cut 50 basis points in the middle of last month, its first change..."
"Well folks, after a bit of demo testing I decided to bite the bullet and place the Forex Crescendo EA on a LIVE FXDD Malta account. I’ve been demo testing this EA for quite some time now and al..."
"The monetary policy committee, COPOM, has implemented a fourth hike in its key Selic rate, which now becomes 11.25%. From a low of 8.75%, three increases of 75 basis points, 75 bps and 50 bps we..."
"Aside from being the fiftieth anniversary of the Kennedy inaugural, today marks the midpoint of President Obama’s four-year term and thus a good time to compare the U.S. economic performance und..."
"The Monetary Policy Committee of the Narodowy Bank lifted its key reference rate by 25 basis points to 3.75%, effective tomorrow. Roughly two-thirds of analysts anticipated this initial tighteni..."
"This morning’s headline German ZEW economic sentiment rose by 11.1 point last month. Considering the positive global recent data, this is further proof that capital investment is gaining momentu..."
"Analysts predict that the Bank of Canada will leave the overnight rate at the current one percent when it announces its interest rate decision Tuesday morning at 9 a.m. Toronto time. In fact, bets are..."
"Chinese president calls the U.S. dollar a "product of the past"Hu Jintao, the Chinese president, is coming to the U.S. this week to talk trade and currencies and other issues with American leaders. Mi..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Chile’s central bank ended a string of seven consecutive monthly interest rate hikes totaling 275 basis points to 3.25%. Some analysts had projected an eighth consecutive increase after ne..."
"Sterling still gains against the U.S. dollarIn a move that wasn't terribly surprising, the Bank of England kept its interest rate steady. However, maintaining the interest rate at its low rate is beco..."
Blog:
Global Forex BlogTidsstämpel: 2011-01-13 11:35
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
inflation,
point,
rate,
trading
"Political tensions had persuaded the Bank of Korea’s Monetary Policy Committee not to raise interest rates in December as it had done in November and July, and analysts were anticipating a simil..."
"Reading the following: “InformedPoints Becomes First Virtual Currency to Enter Global Currency War: InformedPoints, a virtual currency that can be purchased or earned by members of the InformedT..."
"Bank of England policy is stalemated, with the Bank Rate at 0.5% since March 2009 and the GBP 200 billion limit on the asset purchase program exhausted since end-January 2010. The October, Novem..."
"Currency trading on the FX marketRisk appetite has all but disappeared right now in currency trading on the FX market. While the euro is heading higher right now, this state of affairs in not expected..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: sell.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Peru has had one of the fastest-growing economies. So while a sixth rate increase announced late yesterday by the Central Reserve Bank of Peru surprised analysts in its timing, the move made con..."
"U.S. dollar gains against euro in forex tradingBen Bernanke has once again dampened hopes of a fast economic recovery. His most recent assessment of the economy is that things are likely to continue a..."
Blog:
Global Forex BlogTidsstämpel: 2011-01-07 11:44
Taggar:
aussie,
currencies,
dollar,
economy,
forex,
forex trade,
forex trading,
market,
point,
rate,
trading
"Unlike other Asian countries like China, Malaysia, India, South Korea and Thailand where central bank rates are already in uptrends, Bank Indonesia’s benchmark rate remains at its cyclical low.&..."
"Romania’s monetary policy is hand-cuffed by the conflicting problems of disappointingly low economic growth, much higher-than-targeted CPI inflation, and deficient private-sector credit growth.&..."
"The differential between last month’s U.S. non-manufacturing purchasing managers index of 57.1 and its euro area counterpart (54.2) favored America by the widest margin since February 2009. ..."
"The FOMC minutes reveled that the Fed was more optimistic in its view of US economic growth, but has no plans to raise interest rates or normalize policy at an aggressive pace soon as the FOMC committ..."
"The manufacturing purchasing managers index in the euro area, 57.1 in December, was higher than America’s reading, 57.0, in December for the first time since last July. Both regions had fa..."
"Estonia has become the 17th member of the eurozone – the first ex-Soviet state to adopt the EU single currency.
The changeover from the kroon to the euro started at midnight (2200 GMT) in the sm..."
"December was a terrific month for equities and commodities but a poor month for the dollar and fixed-income securities. In spite of a 78-basis point rise of ten-year Treasury yields last quarter..."
"Nextpointhost is a hosting company that offers special Forex VPS plans to the traders. They go with both MetaTrader 4 and MetaTrader 5 preinstalled and with more than 100 vari..."
"As the WSJ recently pointed out, there is a bizarre disconnect between equities and currency markets regarding the Euro. On the one hand, the Euro was the world?s worst performing major currency in 20..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"The Central Bank of the Republic of China implemented a third set of interest rate increases, each amounting to 12.5 basis points. The prior two increases were announced June 8 and September 30t..."
"Euro overcoming some strugglesThe euro is strengthening against the U.S. dollar in forex trading on the currency market today. Helped along by a global economic recovery that seems to be speeding up (..."
"Bangko Sentral Ng Pilipinas retained its key 6.0% overnight lending and 4.0% overnight borrowing rates. When the economy was contracting those rates were cut six times by a total of 200 basis po..."
"The Bank of Israel’s key interest rate was left at 2.0%, matching expectations. There so far have been six increases of 25 basis points each but none since September. In a released s..."
"China raised interest rates for the second time since mid-October to counter the fastest inflation in more than two years and more moves may follow.
The benchmark one-year lending rate will rise by 25..."
"China?s monetary tightening in 2011 may be mainly in the first half as officials tackle the fastest inflation in more than two years, JPMorgan Chase & Co. and Morgan Stanley said.
The People?s Ba..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Today, another Cypriot Forex broker was listed on EarnForex.com — Trading Point. It doesn’t possess any distinguishing features that wouldn’t be present in many other..."
"by Oz Golan, Tradency. ActForex has just announced the launch of ActDroid, a mobile trading solution for Android-supported Smartphones. The application enables live and demo users to place a trade via..."
"Officials at the Narodowy Bank voted to leave its interest rate structure unchanged, which was the result analysts were anticipating. The key 3.5% key reference rate has already been at this lev..."
"The key two-week repo rate was left at 0.75% as widely expected and will continue to be flanked by a 0.25% discount rate and a 1.75% Lombard Rate. Eight cuts from August 2008 through May 2010 re..."
"Saxo Bank Selects GlobeTax to Provide Withholding Tax Reclaim Services GlobeTax, a leading provider of cross-border withholding tax recovery services, announced that Saxo Bank, the trading and investm..."
"Magyar Nemzeti Bank, which had cut its base rate fourteen times from 11.5% at the start of November 2008 to 5.25% by end-April 2010, announced a second consecutive monthly advance of 25 basis points t..."
"In the light of the recent regulatory actions by CFTC (mandatory FIFO order processing and the leverage limit of 1:50 for the major currency pairs), I..."
"EUR/USD trend: hold.
GBP/USD trend: hold.
USD/JPY trend: hold.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"The Central Bank of the Republic of Colombia left its monetary policy rate at 3.0%, the level since a 50-basis point cut last April. That was the only rate change in 2010, but 600 basis points o..."
"The Ifo Institute for Economic Research released its latest report showing that business confidence in Germany continues to grow. For December, the index rating climbed to 109.9 points from 109.3 poin..."
"Moody’s Investors Service slashed Ireland’s credit rating by five notches to Baa1 from Aa2 today and warned further downgrades could follow if Ireland was unable to stabilise its debt.
Moo..."
"The Swiss National Bank left its three-month Libor rate target at 0.25% within a corridor of zero to 0.75%. That’s been the target since March 2009 following reductions of 25 basis points..."
"The Central Bank of Chile boosted its overnight rate after every monthly policy meeting since June. With another 25 basis points announced today, the key rate has climbed from 0.5%, the level fr..."
"A fourth 25-basis point repo rate hike to 1.25% was announced by the Riksbank and will become effective a week from today. Minutes of this week’s Executive Board meeting, where policymaker..."
"EUR/USD trend: hold.
GBP/USD trend: buy.
USD/JPY trend: buy.
EUR/JPY trend: buy.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Following five consecutive monthly increases in Peru’s monetary policy reference rate, there have now been three meetings without a change in the 3.0% rate. The combined increase of 175 ba..."
"COPOM, the interest-rate setting committee at the Bank of Brazil, failed to hike its benchmark interest rate further at the third consecutive meeting, matching decions made October 20 and August 31...."
"Like the Bank of Korea, New Zealand’s central bank has so far implemented just two rate increases of 25 basis points each, which were implemented in June and July of this year. Today, as a..."
"The Bank of Korea left its seven-day repo rate at 2.5%, having raised such previously only twice and by 50 basis points in all, which is less than many other central banks in Asia. Those ad..."
"Currency trading with the U.S. dollarThe U.S. dollar has been seeing improvement over the last couple of days, supported mainly by rising Treasury bond yields. Indeed, the U.S. is seeing a surge in bo..."
"The central bank of Iceland’s seven-day collateralized lending rate was slashed by another 100 basis points to 5.5% and has dropped 1,250 basis points since the first of 14 reductions made in Ma..."
"Ten-year sovereign debt yields advanced overnight by a further 7,6, and 4 basis points in Japan, Britain and Germany. 10-year Treasuries are signaled up 5 bps. Since Bernanke mentioned the..."
"Forex trading forecast for the U.S. dollarThe U.S. dollar is experiencing strength again in currency trading on the FX market, heading higher against the euro, yen and Aussie. Indeed, the U.S. dollar..."
Blog:
Global Forex BlogTidsstämpel: 2010-12-08 08:15
Taggar:
aussie,
currency,
currency trading,
dollar,
finance,
financial,
forex,
forex trading,
fx market,
market,
point,
report,
trading
"Euro little changed in forex tradingIn Germany, economic data came in much better than expected -- especially the industrial production number. Indeed, this economic measure showed improvement of near..."
"The statement today from Glenn Stevens, Governor of the Reserve Bank of Australia, called the 4.75% benchmark interest rate “appropriate” and observed that the lending rates of financial i..."
"Fresh back from vacation in the Sunny Caribbean - here are some trades that I like off the bat:
1) Short AUD - After last week’s disappointing GDP, retail sales, service and manufacturing PMI re..."
"Saying that a return to recession “doesn’t seem likely”, US Federal Reserve Chairman Ben Bernanke did not however rule out further Fed spending and quantitative easing. Pointing out..."
"As you can see on the Daily chart of GBP/USD, it’s been in a downwards channel for a few days now. Price has closed at 1.5787, which actually is not only the 50% fib level, but also the fourth p..."
"EUR/USD trend: sell.
GBP/USD trend: hold.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"COPOM, Brazil’s monetary policy committee, meets next Tuesday-Wednesday, having already lifted the benchmark Selic rate by 75 basis points each last April 28 and June 9 followed by 50 bps on Jul..."
"Capital Markets expected the ECB to give us ?shock and awe? with QE during the press conference yesterday. Oh please. We are generally in shock with most of their decisions and yesterday they did not..."
"Loonie in forex tradingThe Canadian dollar is losing momentum in currency trading on the FX market today, heading lower as jobs data disappoints. Indeed, the Canadian economy did not as many jobs as e..."
Blog:
Global Forex BlogTidsstämpel: 2010-12-03 09:08
Taggar:
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
loonie,
market,
point,
pound,
rate,
report,
trading
"Euro in forex tradingThe euro got a little bit of a boost earlier today, thanks to recent announcements by the ECB's Jean-Claude Trichet. Additionally, German growth helped out as well. However, there..."
"The benchmark interest rate of Bank Indonesia has been at 6.5% since a 25-basis point cut in August 2009, which culminated a nine-move, 300 basis point reduction begun in December 2008. Bank Ind..."
"The U.S. minus euro area purchasing managers survey in manufacturing fell to 1.3 points in November from 2.3 points in October, as the U.S. index slid by 0.3 points and Euroland’s index rose 0.7..."
"The Bank of Thailand’s one-day repo rate was raised to 2.0% from 1.75%. When rate normalization paused at the prior meeting on October 20 following 25-basis point rate increases at back-to..."
"In November, the fear of a new U.S. recession receded, helped by upbeat retail sales and labor market data. In contrast, the euro area was subjected to intensifying centrifugal forces amid contr..."
"Perhaps slow yuan appreciation is the way to goOne of the perennial sticking points of policy between the U.S. and China is that of currency manipulation and yuan appreciation. Many agree that the yua..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"The overnight interbank funding rate will remain at 4.5%, the level since July 2009. Rate cuts totaling 375 basis points were implemented in each of the first seven months of last year. A..."
"Ben and Co. downgraded their assessment of the economy as they debated the benefits and costs of a new bold step to support the recovery. They expect the economy to grow at a moderate pace next year..."
"Israel’s central bank has implemented six 25-basis point rate hikes since August 2009, the latest being done in September of this year. Today, as in October, the key rate was left at 2.0%..."
"European currencies rose after Ireland’s government agreed to an EU aid package that will be used to fortify the country’s beleaguered banks. The dollar dropped 0.4% against the euro..."
"In my last post, I explored the possibility that the role of the Chinese Yuan (CNY) will expand to the point that it could rival – or even overtake – the US Dollar as the world’s pre..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: sell.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Technical analysts point to Ichimoku cloud analysis suggesting that the euro could reach $1.40 if it manages to break current resistance levels.
?The top of the cloud and the conversion line are curr..."
"The People’s Bank of China raised reserve requirements for the fifth time in 2010. The requirement for big banks will climb another 50 basis points to 18.5% effective November 29. Th..."
"While central banks in other commodity-sensitive economies like Australia, Canada and News Zealand have begun to tighten monetary policy, the South African Reserve Bank remains in easing mode. C..."
"Policymakers at Bangko Sentral ng Pilipinas once more left their key lending and borrowing rates at 6% and 4%, respectively, where such have been since a cut of 25 basis points announce July 9, 2009.&..."
"Currency trading on the FX marketThe Canadian dollar is heading higher against the U.S. dollar in forex trading today. Indeed, the loonie is heading higher as investor sentiment turns a little more op..."
Blog:
Global Forex BlogTidsstämpel: 2010-11-18 08:08
Taggar:
currencies,
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
fx market,
gold,
loonie,
market,
point,
trading
"On November 12, the Central Bank of the Republic of Turkey increased reserve requirements on local-currency denominated assets to 6.0% from 5.5%. That action followed a 400 basis point cut of th..."
"The Central Bank of Chile had slashed its policy interest rate during the first seven months of 2009 by 775 basis points from 8.25% to 0.5%, but about a third of that stimulus from last year has now b..."
"Korea’s seven-day repo rate has been raised from 2.25% to 2.5%, a move that analysts predicted. An initial tightening on July 9 had also been by 25 basis points, but the ensuing policy mee..."
"EUR/USD trend: hold.
GBP/USD trend: buy.
USD/JPY trend: hold.
EUR/JPY trend: sell.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Bank Negara Malaysia had implemented three consecutive 25-basis point rate hikes at its March, May, and July meetings but, as in September, left its Overnight Policy Rate at 2.75%, still 75 basis poin..."
"Turkey’s 7.0% one-week repo rate was left at 7.0%, it level since a 25-basis point cut a year ago, and analysts expect another year to pass before it is raised. A statement released by the..."
"With G20 leaders meeting in Seoul, South Korea, bond market strains on the euro area peripherals — Ireland, Portugal, Greece, Spain and Italy — intensified. The Irish-German ten-year..."
"U.S. dollar gains in currency tradingThe euro remains in a bearish way in relation to the U.S. dollar in currency trading on the FX market. The euro continues to struggle as sovereign debt concerns pe..."
Blog:
Global Forex BlogTidsstämpel: 2010-11-11 08:30
Taggar:
bear,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
gold,
market,
point,
trading
"The Central Reserve Bank of Peru retained a 3.0% reference monetary policy rate after the penultimate monthly meeting of 2010. It had also not tightened in October following five consecutive rat..."
"The 10-year British gilt yield jumped another 11 basis points. Comparable German bund and Japanese JGB yields are up six and two basis points, and so are Treasury future yields. Irish 10-y..."
"LONDON — Ahead of the inevitable debates over currencies at the G-20 meeting in South Korea this week, the World Bank’s president has put in his two cents over how best to reform the globa..."
"U.S. dollar remains higher in currency tradingWith euro weakening in forex trading, a U.S. official says that the countries of the European Union must work together in order to solve the debt crisis i..."
"EUR/USD trend: hold.
GBP/USD trend: buy.
USD/JPY trend: hold.
EUR/JPY trend: hold.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Statistics Canada reported that 3,000 new jobs were created during the month of October. This was considerably less than the 15,000 forecast and even failed to offset the 6,600 jobs lost in September..."
"Purchasing managers survey results were more U.S.-advantageous in October than September and in September than August. The sum of the U.S. minus Euroland manufacturing and services spreads, show..."
"In a day that already saw central banks in Hong Kong, Indonesia, Britain, and the Euroland leave key interest rates and other policy settings unchanged, the Czech National Bank kept its two-week repo..."
"Indonesia does not rank among those Asian countries where central banks have begun to raise interest rates. Bank Indonesia kept it benchmark policy interest rate at 6.5%, the level since a 25-ba..."
"After leaving interest rates unchanged as expected, ECB President Trichet’s statement didn’t break new ground. Rate settings are accommodative and appropriate. Euroland’s..."
"The European Central Bank and the Bank of England both announced that benchmark lending rates for both jurisdictions will remain at 1 percent and 0.5 percent respectively. The news comes just one day..."
"Why would the Bank of England even consider increasing its asset purchase program after learning that real GDP in the third quarter expanded 2.8% at an annualized rate with equally positive contributi..."
"Sedlabanki reduced all its key interest rates by 75 basis points, including the seven-day collateralized lending rate to 5.5%. Following an IMF mandate, that rate was hiked by 300 basis points t..."
"The October purchasing manager surveys show evidence that the weaker dollar is indeed endowing the United States with a greater competitive edge vis-a-vis the euro area. The dollar’s avera..."
"The Reserve Bank of India raised both its repo rate and reverse repo rates by 25 basis points to 6.25% and 5.25% and released a statement outlining the latest thinking of policymakers. Four earl..."
"At their final scheduled monetary policy meeting of 2010, officials did not change key rates or the required reserve ratio. The monetary policy rate has been at 6.25% since early May but was red..."
"Forex trading forecast for the sterlingThe U.K. pound appears to be finding some solid support in currency trading on the FX market today. Last week, the sterling saw a strong rally, and the forex tra..."
"EUR/USD trend: hold.
GBP/USD trend: hold.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"The Reserve Bank of New Zealand left the OCR rate at 3.0% as it had also done on September 16 following back-to-back increases of 25 basis points each in June and July. A statement from the RBNZ..."
"The Narodowy Bank retained a 3.5%, which is the level of the main reference rate since a 25-basis point cut in June 2009 culminated 250 basis points of reduction since November 2008. A statement..."
"The dollar advanced 1.3% against the Australian dollar, 0.4% versus the Canadian and New Zealand dollars, 0.3% relative to the Chinese yuan, and 0.2% against the euro and Swiss franc. The dollar..."
"All signs point to the Federal Reserve engaging in another round of monetary easing next week. While no specifics have yet been announced, insiders are betting that the Fed will commence this version..."
"This week the dollar has got a kick in the backside as the markets begin to focus on risk aversion trading strategies. Investors are showing their willingness to escape the riskier anti-dollar bets on..."
"As analysts anticipated, there was not a seventh rate increase. The six increases, each by 25 basis points, were announced in August 2009, November, December, March 2010, July and September...."
"The Magyar Nemzeti Bank left its benchmark interest rate unchanged for a sixth consecutive monthly meeting citing the prolonged period of sub-trend economic activity and an uncertain inflation outlook..."
"EUR/USD trend: hold.
GBP/USD trend: sell.
USD/JPY trend: hold.
EUR/JPY trend: hold.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Brazil’s monetary policy committee, COPOM, retained a 10.75% Selic rate, matching analyst expectations and the result of its prior meeting on August 31. Previously, the Selic rate was lift..."
"Canadian monetary policy tightening was paused as expected after three consecutive 25-basis point increases of the overnight target rate implemented June 1, July 20 and September 8. Projected growth i..."
"China’s one-year lending rate and one-year deposit rate were raised by 25 basis points each, effective October 20, to 5.56% and 2.5%, respectively. This first rate increase since December..."
"EUR/USD trend: sell.
GBP/USD trend: buy.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"The Bank of Mexico, as predicted, made no change in its overnight interbank funding rate, which has been at 4.5% since 375 basis points of reduction implemented during the first seven months of 2009.&..."
"The market is patiently waiting for helicopter Ben to put us out of our misery. Have we priced in too much QE? That?s the vulnerable side of the trade ahead of his speech this morning. Even a Medley r..."
"Price action on AUD/USD (a 4-hour chart of which is shown) as of Thursday (10/14/2010) broke out above 0.9900 resistance to reach a record high just shy of parity (1.0000) in early Thursday trading, b..."
"The US dollar continues to lose ground against the yen despite the best attempts of the Japanese government to devalue the yen. At one point in yesterday’s trading, the dollar fell as low as 81..."
"The Central Bank of Chile met market expectations, raising its benchmark interest rate by 25 basis points to 2.75%. A statement from officials noted that inflation and expected inflation had eas..."
"The interest rate structure at the Central Bank of the Republic of Turkey was reached in November 2009 after 1025 basis points of cuts during the preceding year. Officials today decided not to r..."
"On the key question about whether to launch QE2, the majority of U.S. monetary policy makers were predisposed to doing such, but a wait-and-see camp was larger than just Tom Hoenig, who continued to d..."
"MB Trading have recently uploaded some videos on their Youtube channel, talking about the differences between their own MT4 ECN platform versus other brokers? non-ECN MT4 platforms. They mention some..."
"Greenback in currency tradingU.S. dollar weakness is expected for the future, thanks to expectations of quantitative easing. The Fed is expected to announce QE2 on November 3, at the conclusion of its..."
"EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"To the surprise of almost all the pundits, the Central Reserve Bank of Peru left its monetary policy reference rate at 3.0% instead of implementing a 25-50 basis point further increase. Five con..."
"Price action on EUR/USD (a 4-hour chart of which is shown) as of Thursday (10/07/2010) has risen substantially from its 1.3800 resistance breakout point to reach and slightly surpass its 1.4000 target..."
"Stocks advanced further overnight, bond yields fell, and the dollar remained weak across the board as markets look to more central banks easing as the BOJ did yesterday. The Nikkei advanced 1.8%, and..."
"The Bank Rate of Bank Indonesia was left at 6.5%. This was the 14th consecutive monthly meeting to leave policy unchanged. The previous nine meetings between December 2008 and August 2009..."
"Service sector purchasing manager indices printed less than a point apart last month in the United States (53.2) and Euroland (54.3). The scores signify moderate rates of expansion in both regio..."
"The Reserve Bank’s October interest rate decision will be revealed at 03:30 GMT Tuesday. A majority, but not all, pundits project a 25-basis point Official Cash Rate increase to 4.75%...."
"On Friday, New York Fed president William Dudley described the current growth and unemployment outlook as “unacceptable” prompting fears that the likelihood for further intervention in the..."
"Greenback higher in currency tradingThe euro is losing some ground in forex trading today, thanks to concerns about the euro zone economy. News about a PPI that did not meet expectations is causing so..."
Blog:
Global Forex BlogTidsstämpel: 2010-10-04 08:39
Taggar:
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
market,
point,
pound,
trading
"Sterling higher in forex tradingThe U.K. pound was lower against the U.S. dollar in currency trading on the FX market earlier, thanks to some degree of recovery in the greenback on news pointing to a..."
Blog:
Global Forex BlogTidsstämpel: 2010-10-04 08:27
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
market,
point,
pound,
trading
"EUR/USD trend: buy.
GBP/USD trend: sell.
USD/JPY trend: sell.
EUR/JPY trend: buy.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"The U.S. factory-sector purchasing managers index fell by 1.9 points in September, a half-point more than the euro area PMI index. Manufacturing continued to expand in the final month of the thi..."
"In the most pointed sign yet that the Federal Reserve is likely to engage in further quantitative easing, Federal Reserve Bank of New York President William Dudley described the current outlook job gr..."
"The Taiwanese central bank benchmark rate was lifted by 12.5 basis points to 1.5%. This as-expected move follows one of similar size undertaken on June 24. The rate had been at a 55-year l..."
"In another monetary policy announcement, the National Bank of Romania retained a key 6.25% policy rate. That has been the level since a 25-basis point reduction on May 4 and cuts of 50 bps in ea..."
"Today’s 50-basis point tightening of Pakistani monetary policy follows an initial rate hike of similar magnitude near end-July. No other rate changes have been made in 2010, and a cut of 5..."
"Hungary’s base rate has been at 5.25% since a 25-basis point cut in April. Such had been the tenth consecutive monthly reduction and fifth drop in a row of 25 basis points in size. E..."
"EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Mexico’s benchmark interest rate will remain at 4.5%, which it has been since July 2009. The decision not to raise the rate from its nearly 7-year low had been expected by analysts and was..."
"Since mid-2007, worsening global economic news had tended to support the dollar, which benefited from inflows of funds seeking safe parking. That metric broke down in the third calendar quarter..."
"The Czech National Bank Board voted to retain a two-week repo rate target level of 0.75% as analysts had predicted. Although this decision was the same as at prior meetings on August 5 and June..."
"Monetary officials in Iceland reduced all key interest rates today, including the main seven-day collateralized lending rate from 7.0% to 6.25%. This was the sixth cut in 2010, all of which tota..."
"If you needed any more proof that Chinese market is slowly but steadily opens up for foreign exchange online trading than this piece of news should serve as one: HSBC Bank (China) Company Limited (?HS..."
"In a sign of increasing confidence in the state of the Irish economy, Ireland successfully sold 1.5 billion euros ($2 billion) of bonds in yesterday’s auction. The extra yield that investors dem..."
"According to a survey of bond dealers, the yield on government bonds for countries deemed most at risk of default will fall to within 2.2 points of the benchmark German bunds within two years. During..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"The Policy Board of the Central Bank of Chile meets each month and raised its policy rate by 50 basis points for a fourth straight time. A statement from officials described a need to withdraw t..."
"As on July 27, India’s repo rate was raised 25 basis points, but the reverse repo rate was increased by 50 basis points. Analysts had only predicted a 25-bp advance in each rate. The..."
"New Zealand’s Official Cash Rate was left unchanged at 3.0%, having been hiked by 25 basis points each at the prior two meetings on July 29 and June 10. Opinions had been split over whethe..."
"Raise your hand if you’ve ever heard that expression before? Well, now there’s proof that this well-worn phrase is more than just a pointless platitude: “Royal Bank of Scotland Group..."
"EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: hold.
EUR/JPY trend: buy.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"The Central Reserve Bank of Peru’s policy interest rate was lifted by 50 basis points to 3.0% as expected. Five straight monthly increases total 175 bps, reversing a third of the cumulativ..."
"Japan’s Gross Domestic Product (GDP) grew at at annualized rate of 1.5 percent in August compared to a growth rate of 0.4 percent in July. While better than expected, growth continues to fall fr..."
"With an as-expected 50-basis point repo rate reduction to 6.0% announced today, the South African Reserve Bank has in eight steps now halved its repo rate. Six of the moves totaling 500 basis po..."
"South Korea’s seven-day repo rate was left at 2.25%. Even though officials had paused tightening at their previous meeting of August 12 following an initial 25-basis point increase on July..."
"After earlier increases on June 1 and July 20, the Bank of Canada hiked its target overnight rate by 25 basis points for a third time today. Roughly three of every five analysts foresaw that res..."
"The Bank of Canada today announced that it is raising its
target for the overnight rate by one-quarter of one percentage
point to 1 per cent. The Bank Rate is correspondingly 1 1/4 per
cent and the de..."
"When a second 25-basis point rate hike to 0.75% was announced on July 20 following a first such increase on June 1, Canadian monetary officials repeated the guiding remark about the future: R..."
"The euro fell 0.9% against the dollar. Stocks have declined 1.4% in Madrid, 1.2% in Paris, 1.0% in Zurich, 0.9% in London and 0.7% in Frankfurt. Ten-year sovereign bund and gilt yields are..."
"EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: hold.
EUR/JPY trend: buy.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"The Institute of Supply management reported a 2.8-point decline last month in the non-manufacturing U.S. purchasing managers index. At 51.5, such was two points plus weaker than forecast, the lo..."
"Bank Indonesia released a statement after surprising analysts with an increase to 8% from 5% in in reserve requirements, which could herald interest rate tightening before much more time elapses. ..."
"The first tightening on July 1 doubled the repo rate to 0.5%, and today’s action raises such by an additional 25 basis points. The Riksbank is one of few central banks to publish a predict..."
"Following hikes of 25 basis points each this past March, May and July, Bank Negara Malaysia left its key policy rate at 2.75% today and released a message that called the rate level appropriate and ac..."
"The U.S. minus euro area PMI differential in manufacturing swung to +1.2 in August from minus 1.2 in July. The spread had been negative in July for only the first time since December 2008, avera..."
"Bank Rossii left the Russian refinancing rate at a record low of 7.75%. It has been at that level since a 25-basis point cut effective last June 1st. From April 2009 until then, there were..."
"Statistics Canada today said that Canada’s Gross Domestic Product (GDP) fell by nearly a percentage point in the second quarter to 0.5 percent from 1.4 percent in the first quarter. Stats Canada..."
"Sterling gains in forex tradingSterling is making solid gains today in currency trading on the FX market. The U.K. pound is strengthening on improved economic news, and the fact that Britain's economi..."
Blog:
Global Forex BlogTidsstämpel: 2010-08-30 09:06
Taggar:
cable,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
market,
point,
pound,
trading
"EUR/USD trend: hold.
GBP/USD trend: hold.
USD/JPY trend: buy.
EUR/JPY trend: buy.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Currency trading with USD/CADThe U.S. dollar is moving lower against the Canadian dollar in forex trading on the currency market today. Indeed, the U.S. dollar's recent rally attempt has been cut off..."
Blog:
Global Forex BlogTidsstämpel: 2010-08-26 09:18
Taggar:
currencies,
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex trading,
fx market,
market,
point,
trading
"German 10-year bonds fell nine basis points to a record low of 2.1 percent, while 30-year bonds also reached a record low, shedding 13 basis points to come in at 2.647 percent. Despite the declines, y..."
"The Bank of Thailand’s one-day repo rate was raised to 1.75% following a 25-basis point initial increase to 1.50% announced July 14. Officials released a statement noting that second quart..."
"I don’t know about you guys but Forex MegaDroid v1.30 hasn’t been working out to well for me. In the last while it placed multiple buy orders against the clearly defined..."
"Yesterday the Magyar Nemzeti Bank announced no change in Hungary’s central bank Base Rate of 5.25%. Fourteen reductions totaling 625 basis points between November 2008 and April 2010 had b..."
"The Bank of Israel yesterday announced no change in the 1.75% Policy Rate, which had previously been raised by 25 basis points each in August, November and December of 2009 and March and July of this..."
"A full percentage point reduction of the Icelandic benchmark interest rate to 7.0% last week was twice as much as analysts were anticipating and justified as follows: Lower inflation, lower inflation..."
"Japanese Prime Minister Yoshihiko Noda commented on the yen reaching a 15-year high against the dollar saying that the government was watching the situation “extremely closely, with grave concer..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Reacting to the latest round of weaker economic news from the US and Europe, oil prices continued to drop, falling to $74.24 a barrel by mid morning London time in electronic trading on the New York M..."
"The number of people seeking unemployment benefits jumped by 12,000 last week to 500,000 matching levels not seen since last November. This latest result adds further evidence pointing to a weakening..."
"Pessimists love to point to the surging US National Debt as an indication that the Dollar will one day collapse. And yet, not only has the US Dollar avoided collapse , but is actually holding steady i..."
"U.S. dollar forex trading forecastThe U.S. dollar is showing weakness today in currency trading on the FX market as risk currencies like the Australian dollar head higher. There is a degree of risk ap..."
Blog:
Global Forex BlogTidsstämpel: 2010-08-17 14:14
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
market,
point,
report,
trading
"EUR/USD trend: sell.
GBP/USD trend: buy.
USD/JPY trend: buy.
EUR/JPY trend: sell.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"I posted an an article on this site eight days ago presenting the results of an examination into the frequency of “double-dip recessions” in the United States. That article noted the..."
"Sovereign debt worries return to the euro zoneYesterday, the euro saw a bit of a collapse in forex trading on the currency market as it plummeted below the 1.30 level against the U.S. dollar. Today, t..."
Blog:
Global Forex BlogTidsstämpel: 2010-08-12 09:17
Taggar:
bank,
currencies,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
market,
point,
profit,
report,
trading
"In the risk-averse first twenty-four hours after the Federal Open Market Committee statement, The yen and dollar advanced 2.5% and 1.9% against the euro, Ten-year Treasury yields dropped twelve basis..."
"As sure as day follows night, the Hong Kong Monetary Authority matched the Fed’s Tuesday decision not to change its key interest rate. The Base Rate has been at 0.5% since late 2008, yield..."
"Since the June FOMC statement was released, the dollar has retreated 6.2% against the euro and 4.5% against the yen. Ten-year Treasury yields have declined another 30 basis points to 92 bps belo..."
"The first monthly decline in Canada?s employment this year failed to dissuade bond traders from expecting another interest-rate increase by the Bank of Canada next month, though the chances are dimini..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: hold.
GBP/JPY trend: hold.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Analysts had not expect a rate hike of as much as 50 basis points delivered by the Central Reserve Bank of Peru. This move was twice as much as the ones in May, June and July and brought t..."
"Equities overnight rose 1.7% in Japan, 2.1% in Indonesia, 0.9% in Thailand and 0.5% in Australia. In Europe, stocks have traded up 0.9% in France and by 0.4% in Germany and Britain. Some m..."
"The United States and Euroland each recorded decent expansion in both manufacturing and non-manufacturing as the third quarter got under way. In services, the U.S. index rose a half point to 54..."
"For a second straight meeting, officials at the National Bank of Romania kept the monetary policy rate at 6.25%. Cuts in January, February, March and May had reduced the key interest rate by 175..."
"An unchanged central bank in Indonesia was as expected and perpetuates the stance that was reached in August 2009 following six cuts of 25 basis points and three reductions of 50 bps from a peak of 9..."
"Equities fell 2.1% in Japan, 0.7% in Australia, 0.4% in Singapore and 0.1% in South Korea but firmed 0.6% in Indonesia and the Philippines. In Europe, stocks have lost 1.2% in Great Britain and..."
"1. The recovery in China and the US appears to be slowing to a ?more sustainable pace? rather than coming to a complete halt. The usual overreaction is being priced out.
2. After the EU stress test re..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: buy.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Recent revisions to US GDP figures by the Commerce Department, suggest that the recession triggered in late 2007 was actually worse then previously believed. According to the latest information, the U..."
"Greenback gains in currency tradingThe U.S. dollar is higher today on risk aversion, moving up as investors look for a little safety amidst the uncertainty. Economic news out of Japan is causing..."
"Currency trading on the FX marketThe kiwi is lower in forex trading today, thanks to dovish sentiment expressed by the Reserve Bank of New Zealand. RBNZ officials decided to raise the base rate by 25..."
Blog:
Global Forex BlogTidsstämpel: 2010-07-29 08:56
Taggar:
aussie,
bank,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
kiwi,
market,
point,
rate,
report,
trading
"The Reserve Bank of New Zealand has implemented a second 25-basis point rate increase. The first was announced June 10, and today’s lifts the rate to 3.0%. The central bank’s stateme..."
"Currency trading on the FX marketThe risk rally got a good boost earlier today, with the sterling moving through the 1.56 level in currency trading. On top of that, the euro has gained in forex tradin..."
Blog:
Global Forex BlogTidsstämpel: 2010-07-28 10:15
Taggar:
currency,
currency trading,
durable goods,
forex,
forex trade,
forex trading,
fx market,
market,
point,
report,
trading
"The Reserve Bank of India raised interest rates for the second time this month, lifting its key borrowing repo rate by an as-expected 25 basis points to 5.75% but ratcheting its reverse repo rate up b..."
"Currency trading with AUD/USDRisk appetite is putting in an appearance on the currency market today, and AUD/USD is benefitting. Asian stocks ended mixed today, but the Australian market was one of th..."
Blog:
Global Forex BlogTidsstämpel: 2010-07-27 09:16
Taggar:
aussie,
bull,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
investment,
market,
point,
trading
"Somewhat unexpectedly, Israel’s policy rate was raised by 25 basis points to 1.75%. The prior four increases, all by 25 bps, were implemented in August, November, and December of 2009, as..."
"Euro forex trading forecastThe euro is gaining in currency trading on the FX market as some degree of risk appetite returns to the market. Even though there are some doubts about the global economy, t..."
Blog:
Global Forex BlogTidsstämpel: 2010-07-26 09:33
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
market,
point,
report,
trading
"Among central banks holding interest rate meetings in the final week of July, those in India and New Zealand seems inclined to tight 25 basis points, while those in Poland and Israel are expected to l..."
"EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: buy.
EUR/JPY trend: buy.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"After two 25-basis point hikes of the Bank of Canada overnight interest rate target, such stands currently at 0.75%, a level that still represents considerable stimulus. One infers from tables i..."
"After two 25-basis point hikes of the Bank of Canada overnight interest rate target, such stands currently at 0.75%, a level that still represents considerable stimulus. One infers from tables i..."
"Policymakers at the Central Bank of Brazil, known as COPOM, lifted their key Selic rate for a third time but by a lesser 50 basis points to 10.75%. Analysts were predicting a move of 75 basis po..."
"Policymakers at the Central Bank of Brazil, known as COPOM, lifted their key Selic rate for a third time but by a lesser 50 basis points to 10.75%. Analysts were predicting a move of 75 basis po..."
"In follow-up to a first 25-basis point rate increase on June 1, Canada?s overnight rate target was lifted by another 25 basis points to 0.75%. The move was widely forecast, and analysts were mos..."
"In follow-up to a first 25-basis point rate increase on June 1, Canada?s overnight rate target was lifted by another 25 basis points to 0.75%. The move was widely forecast, and analysts were mos..."
"As expected, the Bank of Canada announced it was raising the benchmark lending rate by 25 basis points to 0.75 percent. This is the second increase in the past two months and comes as the Canadian eco..."
"Disappointing earnings from Goldman Sachs and IBM are expected to send North American stock markets into negative territory at this morning’s open. A weaker-than-expected housing starts report i..."
"How soon can euro hold on to $1.30?The euro is looking to find support at the 1.30 level, but first it has to hold on to that level. Earlier today, the euro did break through the psychologically impor..."
"Forex Trading involves high risks, with the potential for substantial losses and is not suitable for all persons. Past performance is not necessarily indicative of future results.USD: Expect More Hous..."
Blog:
Global Forex BlogTidsstämpel: 2010-07-20 08:58
Taggar:
announcement,
bank,
bull,
currencies,
currency,
currency trade,
dollar,
dollar trading,
economy,
financial,
forex,
forex market,
forex trading,
gold,
hedging,
market,
point,
pound,
real estate,
report,
trading
"The Canadian dollar ? AKA the ?loonie? – opened higher Monday as expectations grow that the Bank of Canada will raise rates later this week. On Friday, the loonie fell to 94.52 US cents, it?s lo..."
"Wall Street futures point to a higher open on Monday as stocks appear set to recover from Friday’s sell-off. This week, 12 Dow components and 122 S&P 500 companies are set to report quarter..."
"Euro heads higher in forex tradingMany forex traders got a bit of a surprise today when the euro moved higher in forex trading against the U.S. dollar. This is because many expected the euro to weaken..."
"The Mexican overnight interbank funding rate, 4.5% since July 2009, was left unchanged as expected on Friday. The rate was reduced in total by 375 basis points last year. The Mexican econo..."
"EUR/USD trend: sell.
GBP/USD trend: hold.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"A 2.9% plunge in the Nikkei, its worst session in nearly six weeks, led a difficult day for Pacific Rim equities. Weakness in stocks reflected yesterday?s poor indications of U.S. manufacturing..."
"Several Asian central banks, but not yet Bangko Sentral NG Pilipinas, have started to raise their interest rates. The Filipino overnight borrowing and lending rates were left at 4% and 6%, respe..."
"By a unanimous 9-0 vote, the fully-staffed BOJ Policy Board kept its overnight uncollateralized interest rate at 0.1% and promised to maintain an ?extremely accommodative financial environment? to com..."
"No changes are anticipated from the monthly meeting of the BOJ?s Policy Board on Wednesday and Thursday. Because rates were already very low, officials implemented only 40 basis points of cuts t..."
"Interest rate normalization has begun in yet another Asian economy. The Bank of Thailand had delayed that decision because of domestic political unrest. But officials now conclude that any..."
"Moody?s paranoia of being forgotten decided to downgrade Portugal two notches to A1 this morning. This has given the Euro-zone sovereign debt crisis top-billing again, surpassing the disappointing ZEW..."
"We have had a number of requests to do a video on Fibonacci
Retracements and how they can be used in trading.
I put together this five minute lesson on Fibonacci trading and
how I us..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Statistics Canada reported this morning that more than 93,200 jobs were created in the Canadian economy in June. This far surpasses the estimate of 15,000 new jobs. The result brought Canada’s n..."
"Bowing to the reality of a strong domestic recovery — real GDP grew in the first quarter by over 8% both from 4Q09 annualized and from 1Q09 — the Bank of Korea finally implemented a rate i..."
"A statement from monetary officials following today’s third straight monthly increase of 25 basis points in the reference lending rate deleted the prediction contained in the May and June rate h..."
"Following up on similar moves announced March 4 and May 13, Bank Negara Malyasia hiked its overnight policy rate by 25 basis points to 2.75%. In doing this, the central bank has now reversed hal..."
"The Governing Council will leave its interest rate settings unchanged. The refinancing rate has been 1.0% since May 2009 and will remain at that level into 2011. At Thursday’s monthl..."
"Oil prices are expected to rise today on speculation that reserves, particularly in the US, declined this month. The increase is expected to lift Canada’s main stock exchange – the TSX ..."
"The Reserve Bank of Australia Official Cash Rate (OCR) was retained at 4.5% for a second straight monthly meeting. Six previous increases of 25 basis points each were implemented in October 2009..."
"Forex trading with world currenciesYesterday, risk appetite was hard to find as the U.S. dollar saw a bit of a bounce. Even though U.S. markets were closed yesterday, the currency market was open, and..."
"The Shanghai composite index has closed at a 15-month low after data pointed to slowing growth and rising inflation.
The index dropped 19 points or 0.8% to 2,364 at the end of trading, its lowest clos..."
"ZuluTrade has announced that its collaborating with a new forex broker, AAAFx. AAAFx is directly integrated with the ZuluTrade Platform and is ZuluTrade’s best choice..."
"EUR/USD trend: hold.
GBP/USD trend: buy.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: hold.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Because of the U.S. Independence Day observance on Monday, investors will have to wait an extra day to see if the DOW’s losing streak is extended to seven consecutive sessions (and ten of the la..."
"The point differential between the U.S. and euro area factory purchasing manager indices narrowed 3.6 points to +0.6 in June, the least U.S.-advantageous spread since December 2008. Sooner or la..."
"The Nikkei lost another 2.0% to 9192. Japanese stocks have plunged 10.2% since June 21 and 18.5% since April 15, roughly reversing half the prior recovery from the low in early March 2009. ..."
"Greenback drops on the fundamentalsThe fundamentals are finally coming into focus for the U.S. dollar in forex trading, and the picture isn't pretty. The greenback is dropping as forex traders look fo..."
Blog:
Global Forex BlogTidsstämpel: 2010-07-01 12:14
Taggar:
dollar,
forex,
forex trade,
forex trading,
fx market,
home sales,
investment,
market,
point,
pound,
report,
trading
"Alpari US just announced the appointment of Daniel Skowrosnki as its new CEO. Daniel however will relocate to London later this year, probably to manage whole Alpari Group’s institutional busine..."
"Alpari US just announced the appointment of Daniel Skowrosnki as its new CEO. Daniel however will relocate to London later this year, probably to manage whole Alpari Group’s institutional busine..."
"Credit policy in Romania was left on hold as expected. It had been in easing mode until early last month. Policymakers had cut their key interest rate five times by a combined 225 basis po..."
"Narodowy Bank policymakers are keeping the central bank reference rate at 3.5%. A year has now gone by since the last of six rate reductions. The first of these in November 2008 and final..."
"All traders go through a phase in their trading life where they just seem to be stuck. You can?t get out. You feel as though something is holding you back, but can?t pinpoint exactly what it is. Linds..."
"Dollar lower as euro gains in forex tradingThe U.S. dollar is faltering in currency trading on the FX market today. The euro is gaining today as a little more optimism comes out. However, there is a p..."
Blog:
Global Forex BlogTidsstämpel: 2010-06-30 10:20
Taggar:
consumer confidence,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
fx market,
market,
point,
trading
"Risk appetite makes an appearanceThe euro is seeing gains in forex trading today, as risk appetite makes a small appearance. Yesterday, risk aversion was the story, but it appears that forex traders a..."
Blog:
Global Forex BlogTidsstämpel: 2010-06-30 10:14
Taggar:
currency,
currency trading,
dollar,
employment,
forex,
forex market,
forex trade,
forex trading,
market,
point,
pound,
trading
"For a third straight month, the Bank of Israel decided not to implement a fifth rise of the short-term borrowing rate. Such remains at 1.5%, after 25-basis points implemented last August, Novemb..."
"One of the expected sticking points at the G20 this past weekend in Toronto, was the growing tension between the need to continue to provide stimulus for the global economy, while still addressing gro..."
"Major currencies mostly ragebound so farFor the most part, major currencies are largely rangebound at this point today. Risk has made a small appearance, but it has been unable to maintain. As a resul..."
Blog:
Global Forex BlogTidsstämpel: 2010-06-28 09:44
Taggar:
currencies,
currency,
currency trading,
dollar,
forex,
forex trade,
forex trading,
fx market,
market,
point,
pound,
trading
"EUR/USD trend: sell.
GBP/USD trend: buy.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: hold.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Wednesday will mark the end of a quarter and the mid-point of 2010. Canada celebrates Canada on Thursday, and dealing rooms will close early on Friday in the U.S. for the Independence Day weeken..."
"Taiwan became Asia’s sixth country to endure a rate increase. The 12.5 basis point increase in the discount rate to 1.375% reverses the final of seven reductions engineered between Septemb..."
"U.S. dollar finds some strength in forex trading on risk aversionYesterday, the Fed issued its policy statement about the economy. Just a couple of months ago, the statement appeared almost optimistic..."
Blog:
Global Forex BlogTidsstämpel: 2010-06-24 10:02
Taggar:
currency,
dollar,
economy,
employment,
financial,
forex,
forex trading,
market,
point,
report,
trading
"One source of the dollar’s strength against the euro since late November has been a perception that the Fed will begin raising interest rates well ahead of the ECB. If this premise w..."
"In response to concerns about tighter Chinese policies and Europe’s sovereign debt problems, the global environment looks riskier than when the FOMC last met in late April, and that cloud is ref..."
"Sedlabanki has implemented the fourth rate cut of 50 bps this year and the tenth reduction since March 2009. The seven-day lending rate is now 8.0%, 1000 basis points lower than such had been fr..."
"As expected and following an unexpected easing on May 7 of 25 basis points, the CNB retained a 0.75% target for its two-week repo, flanked by a discount rate of 0.25% and a Lombard Rate of 1.75%. ..."
"One of the greatest uncertainties faced by policymakers concerns whether economies that are now recovering can tolerate fiscal restraint. Expert opinion is divided on this question, and historic..."
"Fed may soften some of its forecast factors for the U.S. economyThe U.S. Federal Reserve Open Market Committee begins a two-day policy meeting today, and there is speculation about what will come out..."
Blog:
Global Forex BlogTidsstämpel: 2010-06-22 10:26
Taggar:
currency,
dollar,
economy,
financial,
forex,
forex trading,
market,
point,
rate,
report,
retail sales,
trading
"New tool to offer real-time trade signals for short-term currency tradersGRAND RAPIDS, Mich., June 21, 2010 – GFT has introduced Autochartist Trade Ideas, a new, complementary application that h..."
"Forex trading on the currency marketIndividuals cannot trade the yuan on the forex market. However, what happens with the Chinese yuan can influence other currencies. This is happening today as the wo..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"In yesterday’s White House briefing, US Vice President Joe Biden called for continued stimulus spending to ensure the early signs of recovery continue to gather strength. Biden also pointed out..."
"Bank of Canada Governor Mark Carney said yesterday that just because the Bank recently raised interest rates by a quarter point, that does not mean that further rate hikes are “preordained”..."
"The US Labor Department announced that the number of new claims for jobless benefits unexpectedly rose by 12,000 last week to a total of 472,000 new claims. These latest results lend further credence..."
"The 0.25% target for 3-month Swiss Libor within a 0.0-0.75% range has been extended for another three months. This decision was expected. In response to the world and domestic recession, t..."
"According to the US Federal Reserve, production rose 2.1 percent in May with manufacturing and mining leading the surge. Factory production was the largest contributor to the increase, gaining 0.9 per..."
"The key overnight Central Bank of Chile interest rate was doubled to 1.0% on Tuesday. The 50-basis point increase was greater than analysts were assuming. An increase this month had been s..."
"Officials denied market rumors of a big aid package being forged for Spain. German 10-year bund yields rose 3 basis points, and spreads of Spanish, Portuguese, and Greek sovereign debt yields ab..."
"In the midst of the Eurozone debt crisis, forex investors have largely stopped paying attention to interest rate differentials and focused the brunt of their attention on risk. Soon enough, however, t..."
"The Bank of Japan after a two-day, six-hour and 11-minute meeting
Voted 8-0 to keep the uncollateralized overnight call rate at 0.1% where such has been since December 2008. In contrast to mult..."
"Moody’s announced a four-step downgrade of Greek debt from Ba1 to junk status, A3. The 10-year Greek-minus-German yield premium widened 35 basis points to more than 600 basis points. ..."
"James Bullard, President of the St. Louis Federal Reserve Bank, told conference attendees in Tokyo that, despite the European debt crisis, the outlook for the global economy is “strong”.
&..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: hold.
EUR/JPY trend: hold.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"The Bank of England announced today that it will keep the overnight lending rate at 0.5 percent. With the turmoil in Europe threatening to impact the modest recovery underway in England, it came as no..."
"Currency trading with EUR/USDThe euro is finding some solid support in forex trading on the currency market today. The U.S. dollar, no longer needed as a safe haven currency, is feeling downward press..."
"The Reserve Bank of New Zealand (RBNZ) raised its Official Cash Rate (OCR) to 2.75% from 2.5%, which had been the OCR level since a 50-basis point cut in April 2009. Most but not all analysts anticip..."
"Euro continues to struggling in forex tradingEven though the euro is higher in forex trading against the U.S. dollar today, the 16-nation currency continues to struggle. The euro remains below the 1.2..."
Blog:
Global Forex BlogTidsstämpel: 2010-06-08 09:51
Taggar:
currency,
currency trading,
dollar,
economy,
forex,
forex market,
forex trading,
market,
point,
report,
trade balance,
trading
"Stock markets in Asia and Europe opened lower Monday as investors paused to reflect on the possibility of a “second-dip” recession. The FTSE 100 declined by 1.6% in its opening minutes, wh..."
"EUR/USD trend: sell.
GBP/USD trend: hold.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Euro plunges in currency tradingLast week, the euro showed some fight in forex trading, even reaching $1.25 at one point. However, as this week draws to a close, the euro is more battered than ever, t..."
Blog:
Global Forex BlogTidsstämpel: 2010-06-04 10:55
Taggar:
currency,
currency trading,
dollar,
employment,
forex,
forex trade,
forex trading,
market,
point,
rate,
trading
"U.S. dollar gains in forex tradingIn May, non-farm payrolls increased by 431,000 jobs. Unfortunately, only about 41,000 of those jobs came in the private sector. Most of the May hiring was government..."
"At this point this list only includes Bank broker dealers and not retail forex brokers however I suspect this will change soon enough. Such body might have been able to influence the NFA/CFTC decision..."
"Following yesterday’s gain of 225 points in the Dow Jones Industrial Average, a rise in stock futures this morning points to the possibility of a second consecutive day of gains in US stock mark..."
"It came as no surprise that Indonesia’s key interest rate was held steady. It’s been at 6.5% since August 2009 after nine consecutive monthly reductions totaling 300 basis points...."
"One day after the Bank of Canada boosted the overnight lending rate to 0.5 percent from 0.25 percent, a survey assessing the mood of small businesses shows increasing confidence. The index, published..."
"Thailand’s policy interest rate has been at 1.25% since a 25-basis point cut in April 2009, which followed reductions of 100 bps in December 2008, 75 bps in January 2009 and 50 bps in February 2..."
"The purchasing manager indices fell in May by 1.8 points in Euroland but just 0.7 points in the United States. The differential between those two readings increased 1.1 points as a result to its..."
"Bank of Canada increases overnight rate target to 1/2 per cent and re-establishes normal functioning of the overnight market
The Bank of Canada today announced that it is raising its target for the ov..."
"The Reserve Bank of Australia left its Official Cash Rate (OCR) at 4.5%, matching analyst expectations. Officials had dropped many hints that policy is now on pause. There had previously b..."
"Currency trading with EUR/USDRisk aversion is high on the news out of Europe today. French debt is in danger of a downgrade, and numbers out of Germany regarding employment are disappointing. On top o..."
Blog:
Global Forex BlogTidsstämpel: 2010-06-01 09:49
Taggar:
currency,
currency trading,
dollar,
employment,
forex,
forex trade,
forex trading,
gold,
market,
point,
report,
trading
"Interest rates expected to remain steadyThe Australian dollar is turning lower in currency trading on the FX market today as interest rates are expected to remain steady for some time. Today, RBA Gove..."
Blog:
Global Forex BlogTidsstämpel: 2010-06-01 09:29
Taggar:
aussie,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
inflation,
market,
point,
rate,
report,
trading
"Hungary’s key interest rate was not cut further. A streak of ten consecutive monthly policy rate reductions by the Magyar Nemzeti Bank was interrupted in May as analysts thought would happ..."
"The minutes from the May Reserve Bank monetary policy meeting expressed concern about Europe’s sovereign debt crisis but more importantly signaled that interest rates are now “well placed..."
"EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: hold.
EUR/JPY trend: buy.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"U.S. dollar drops in currency tradingThe euro is gaining in forex trading today, thanks to news out of China. Yesterday, financial markets were thrown into turmoil as rumors surfaced that the Chinese..."
Blog:
Global Forex BlogTidsstämpel: 2010-05-27 11:53
Taggar:
currency,
currency trading,
dollar,
financial,
forex,
forex trade,
forex trading,
fx market,
market,
oil,
point,
trading
"Euro forex trading forecastThe euro continues to lose ground in forex trading. Even though the OECD is reporting an improved forecast for economic growth in 2010 and 2011, the euro is not gaining. Con..."
"As expected, the Narodowy Bank’s key reference interest rate was kept at 3.5%, its level June 2009. A 25-bp rate cut back then culminated a six-step easing from a prior cyclical high of 6..."
"Stocks plummeted overnight by 3.5% in Hong Kong, 3.7% in Indonesia, 3.1% in Japan and Thailand, 3.2% in Taiwan, 2.8% in South Korea, 2.7% in India, and 1.9% in New Zealand and Malaysia. In Europ..."
"Israel began the process of gradually returning to normal short-term interest rates nine months ago. The central bank was the first to raise rates after the world recession. While raising..."
"Chinese leaders assert themselves in terms of yuan re-valuationOne of the sticking points between the U.S. and China is the value of the yuan. The Chinese keep the yuan low against the U.S. dollar in..."
"EUR/USD trend: hold.
GBP/USD trend: buy.
USD/JPY trend: sell.
EUR/JPY trend: hold.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Officials at the National Bank of Serbia left the two-week repo rate at a record low of 8.0% at today’s fortnightly policy meeting. Three cuts of 50 basis points apiece have already been i..."
"Euro makes an attempt at gains early in the U.S. sessionThe euro is weak in forex trading, dropping down solidly below the 1.25 level. An attempt at recovery is being made right now, with the euro gai..."
Blog:
Global Forex BlogTidsstämpel: 2010-05-17 10:30
Taggar:
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
fx market,
inflation,
market,
point,
trading
"EUR/USD trend: hold.
GBP/USD trend: buy.
USD/JPY trend: sell.
EUR/JPY trend: hold.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Butterfly patterns complete at extensions of XA and BC so point D is the highest/lowest point of the pattern, whereas Gartley pattern completion at a retracement of XA so point D falls within the XA l..."
"U.S. dollar strength increases in currency tradingThe euro continues to fall in forex trading as the news out of the euro zone prompts risk aversion. Indeed, the euro looks to be in rough shape right..."
Blog:
Global Forex BlogTidsstämpel: 2010-05-14 11:33
Taggar:
bank,
currency,
currency trading,
dollar,
finance,
forex,
forex trading,
fx market,
market,
point,
report,
trading
"The Central Bank of Chile’s monetary policy interest rate has been only 0.5% since July 2009. It fell by 775 basis points via seven consecutive reductions after meetings between January an..."
"Bank Negara Malaysia implemented its second overnight policy rate hike of 25 basis points today. The first move was on March 4. Three cuts earlier cuts were made of 25 bps in November 2008..."
"In my last post, I reported that the markets were incredibly bearish on the Euro, due to concerns that the Greek debt crisis could neither be mitigated nor contained. By following up on this report wi..."
"The Bank of Korea holds monthly interest rate policy meetings and made no change in the 2.0% base rate for a fifteenth straight time. Three successive cuts of 100 basis points, 175 bps and 50 bp..."
"Portugal sold 1 billion euros ($1.3 billion) of 10-year bonds, getting more demand than at previous auctions, as it benefited from the European Union?s unprecedented aid plan for the region?s most ind..."
"By a unanimous decision in the Bank of Japan’s first policy meeting since its quarterly in-depth economic review, the overnight money rate target was left at 0.1%. It has been at that leve..."
"EUR/USD trend: sell.
GBP/USD trend: hold.
USD/JPY trend: hold.
EUR/JPY trend: hold.
GBP/JPY trend: hold.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"The Central Reserve Bank of Peru lifted its reference rate for the first time since September 2008. The increase, like then, was by 25 basis points today to 1.50%, still 500 basis points below t..."
"After gaining some ground, euro moves lower in currency tradingEuro is pulling back in forex trading today, heading lower after a brief reprieve. Earlier in currency trading, the euro regained some gr..."
"The Czech National Bank two-week repo rate was sliced for the first time in five months by 25 basis points to 0.75%. Many analysts thought the risk of Greek contagion would have deterred such a..."
"U.S. dollar retains strength in currency tradingThe euro forex trading forecast remains somewhat bleak, with troubles in Europe refusing to subside. The ECB announced that it would leave interest rate..."
"The Norges Bank implemented a third 25-basis point rise of its key central bank policy rate to 2.0%. Analysts had been split over whether this would be done today, and officials released a state..."
"Nine consecutive monthly rate reductions from December 2008 to August 2009 totaled 300 basis points, and now nine months have passed without a change in the rate’s 6.5% level. A released s..."
"Sedlandi Bank, Iceland’s central bank, has implemented another 50-basis point reduction of the seven-day collateralized lending rate to 8.5%. Prior cuts of the same amount were announced o..."
"The National Bank of Romania cut its policy interest rate to 6.25% from 6.5% as expected. The 25-basis point magnitude of this ninth easing since February 2009 matches the size of the first move..."
"Following 25-basis point increases of the Reserve Bank of Australia’s Official Cash Rate (OCR) last October, November, December, March and April, a sixth tightening of equal magnitude was announ..."
"Risk aversion rules forex market, thoughThe Reserve Bank of Australia hiked its interest rate again, continuing its aggressive attempts to stem the tide of inflation. Australia's economy gets regular..."
Blog:
Global Forex BlogTidsstämpel: 2010-05-04 10:42
Taggar:
bank,
currencies,
dollar,
economy,
forex,
forex market,
forex trade,
inflation,
investment,
market,
point,
rate
"In the case of the Reserve Bank of Australia, data trends tend to be a better guide than spoken words to monetary policy decision-making. The central bank cash rate was previously raised by 25 b..."
"Activity in manufacturing was robust last month in both the United States and euro area according to their respective purchasing manager surveys. In a scale where readings above 50 connote incre..."
"Despite the weekend deal that will see Greece meet its upcoming debt repayments, futures traders are still beating against the euro. Large speculators remain pessimistic about the future value of the..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: hold.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"The Bank of Japan kept its uncollateralized overnight call rate target at 0.1%, the level since December 2008, and released a new Outlook for Economic Activity and Prices. Projected real GDP gro..."
"Greenback lower on economic reportThe U.S. dollar is weakening in currency trading on the FX market today. The greenback is lower in forex trading on the most recent economic report. Even though Quart..."
Blog:
Global Forex BlogTidsstämpel: 2010-04-30 11:23
Taggar:
analysis,
currency,
currency trading,
dollar,
forex,
forex trading,
fx market,
gold,
market,
point,
report,
trading
"New Zealand’s official cash rate (OCR) has been at 2.5% for a full year since a 50-basis point cut in April 2009. The decision to leave the OCR at 2.5% met expectations, but the statement..."
"COPOM, the monetary policy committee at the Central Bank of Brazil, raised its key Selic interest rate from a record low of 8.75% to 9.5%. Analysts were unanimous in projecting an increase but s..."
"The key seven-day reference interest rate of the Narodowy Bank has been at 3.5% since a 25 basis point reduction in June 2009. That was the sixth cut since November 2008 and brought the cumulati..."
"As Francesc points out today, Trevor Crook Cook, who is charged with bilking investors out of at least $190 millions, says he filed a claim against Crown Forex, S.A. for $67 million in investor funds..."
"No surprise there for me. A person called Shahid sent me an email probably to try and get me being AVS’s IB but the wording itself as well as the company’s website (www.avscarter.com) just..."
"Contrary to the view of some analysts, the Bank of Israel’s short-term borrowing rate was not raised today by a further 25 basis points but rather left steady at 1.50%. Only Australia̵..."
"The Magyar Nemzeti Bank implemented the 14th cut of its base rate since November 2008 and tenth since July 2009. The decrease of 25 basis points to 5.25%matched expectations and was the fifth co..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: hold.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Greece has requested the activation of the EU and IMF bailout in what could become the biggest challenge the Eurozone has faced as more countries could enter into the same aid seeking scenario. The r..."
"The 32-page quarterly policy report from Canada’s central bank reiterates many points made two days ago in the post-meeting policy announcement. But a number of additional revelations were..."
"At the third of eight scheduled monetary policy meetings in 2010, the Bank of Canada took three actions, the gist of which points to an initial rate hike getting announced on June 1 after the next mee..."
"Kathy Lien offers three items that will likely check marketsRisk appetite is making an appearance again, and that has some of the high beta currencies moving higher. Investors are looking for increase..."
Blog:
Global Forex BlogTidsstämpel: 2010-04-20 14:15
Taggar:
currencies,
economy,
financial,
forex,
forex market,
gold,
investment,
market,
point,
spread,
trading
"India, Asia’s third largest economy, has an intensifying inflation problem. In response, the Reserve Bank of India (RBI) lifted its key lending and borrowing rates on March 19 by 25 basis..."
"Another conversion from MT4 to MT5 is presented to you today. It’s a TzPivots indicator that can display daily pivot points (several types), support and resistance levels and..."
"The interest rate gap for Greek bonds – that is, the difference demanded for Greek bonds compared to the German equivalent – jumped again on Thursday. The spread between a Greek 10-year bo..."
"I have always wanted to write a post about seasonality, but whenever push came to shove, I couldn’t see the point. Besides, I was never sure whether seasonality falls into the scope of technical..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: hold.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"U.S. dollar could remain weak in forex trading in the futureThe U.S. debt situation is likely to contribute to inflation in the coming years, potentially weakening the U.S. dollar in forex trading. Fo..."
Blog:
Global Forex BlogTidsstämpel: 2010-04-16 10:50
Taggar:
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
inflation,
market,
point,
rate,
report,
trading
"It took just four days for concerns about Greek debt to roar back. A third of the post-aid package decline in Greek two-year yields has been reversed, and the Greek-German ten-year spread again..."
"For the third straight day, Greece was forced to increase the yield on 10-year bonds today, raising yields to 7.034 percent, up from 6.815 percent on Tuesday, and 6.637 percent on Monday. The spread w..."
"The Central Bank of the Republic of Turkey had a target overnight borrowing rate of 16.75% as late as October 2008. Thirteen consecutive monthly reductions later, it was 1025 basis points lower..."
"As I pointed out in last Friday’s post (Volatility, Carry, Risk, and the Forex Markets), volatility has been declining in forex markets since peaking after the collapse of Lehman Brothers. In fa..."
"Australian business confidence held in March close to its highest level in almost eight years as companies reported a surge in forward orders that suggests the economy is weathering higher central ba..."
"EUR/USD trend: hold.
GBP/USD trend: sell.
USD/JPY trend: sell.
EUR/JPY trend: hold.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"After cutting its key monetary policy rate by 100 basis points in August 2008, 175 bps in December 2008 and 50 bps in February 2009, the Bank of Korea will continue to run that very accommodative rate..."
"The U.S. service-sector purchasing managers index rose 2.4 points to 55.9, while its Euroland counterpart almost matched that impressive gain step-for-step with a 2.3-point advance to 54.1. Both..."
"Oil prices have gained 24 percent in the past two months and are now closing in on $87 barrel. This is the highest oil has been in a year and a half and there is little doubt that investors believe th..."
"The Reserve Bank of Australia became the first central bank to lift interest rates five times since the world recession, engineering a 25-basis point increase for the the fifth time in the last six me..."
"The dollar jumped 0.9% against sterling and 0.6% against the euro and Swissy. Sterling was hurt by an ICM poll giving the Tories only a 4 percentage point lead over Labour, thus suggesting a hun..."
"The Reserve Bank of Australia has begun a gradual process of normalizing its key Official Cash Rate, having raised such last October, November, December, and March by 25 basis points each time. ..."
"After taking a long weekend away from the oil markets, investors jumped aboard the oil band wagon with a vengeance, pushing prices to the brink of $86 a barrel.
“The market was positive before b..."
"A rally in commodities and has helped push the Canadian dollar to just over half a cent from parity with its US counterpart. At one point on Monday, the Canadian dollar reached CA$1.0051 US dollars or..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: sell.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"The euro’s first-quarter range of $1.4882 – $1.3268 lay entirely within calendar 2009’s high-low boundaries of $1.5144 and $1.2458. Until a week ago, euro momentum had been adv..."
"Last week we raised the question of what the Swiss National Bank is waiting for and why they haven’t intervened. In that article we said “Everyone has an uncle point and for the SNB there..."
"Manufacturing expanded robustly and at an accelerated pace last month in both Euroland and the United States. Euroland’s purchasing managers index advanced 2.4 points to 56.6, best since N..."
"The Bank of Japan’s Tankan index – a survey of Japanese manufacturers used to gauge business confidence – suggests that the confidence of Japan’s business community is at its h..."
"There?s been a willingness to want to edge away from the dollar and take a bit more risk after some of the data we witnessed from Asia and Europe in the O/N session. However, a holiday shortened week..."
"The Bank of Japan quarterly survey of businesses, known as the Tankan, depicted significantly better conditions than three months ago. The readings were also higher than predicted in the Decembe..."
"Private payroll services company ADP, released its monthly unemployment report which showed that companies in the US reduced payrolls by 23,000 in March. This figure differs wildly from a survey of ec..."
"German labor data helps the euro in forex tradingThe euro is gaining in forex trading as German labor data comes back strong. This news is helpful to a euro zone that has been looking for good news si..."
"After a dramatic decline of nearly 11 points in February’s Consumer Confidence reading, American’s confidence in the economy jumped just over 6 points in March to 52.2. The Consumer Confid..."
"Currency trading on the FX marketThe sterling and the euro are both continuing their recovery in forex trading on the currency market. Indeed, both are showing signs of life as economic data points to..."
"The Bank of Israel raised its key borrowing rate to 1.5% from 1.25% as expected. In doing so, Israel joined Australia as the only economies with four rate hikes so far, and all four moves..."
"Greece is preparing its first bond offering since the European Union agreed to provide financial assistance to help the troubled nation deal with its staggering debt load. The seven-year bonds will ca..."
"EUR/USD trend: hold.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: hold.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Bank Rossii implemented another 25-basis point cut of its one- and seven-day repo rates, this time to 7.25%, and its refinancing rate to 8.25%. These were the twelfth cuts since April 2009. ..."
"The two-week repo rate was left at 1.0% by a 4-2 vote. Unlike a unanimous decision on February 4 to keep policy stable, today’s meeting saw two policymakers dissent in favor of a 25-basis..."
"The South African Reserve Bank (SARB) cut its repo rate to 6.5% from 7.0% in a move that was not foreseen by analysts. Since the prior rate hike last August, which also was by 50 basis points, t..."
"The sale of new homes declined 2.2 percent in February, falling to the lowest point since records were first kept starting in 1963. A series of severe winter storms that kept potential buyers away is..."
"The key policy rate of the Norges Bank, which was raised 25 basis points each last October and December but not at last month’s meeting, was again kept at 1.75%. Most analysts expected no chang..."
"Month and a half ago I published that I was disappointed with the US traders as in my opinion 5,500 comments (most of them probably very much against the proposal) are much less than what I had expect..."
"There are many obstacles that prevent most traders that have an excellent trading plan from following it properly. Almost all of these factors are psychological.Review: Following the Plan Let's say yo..."
"Mexico’s key central bank interest rates has been at 4.5% for the past eight months after cuts last year from a peak of 8.75% of 50 basis points in January, 25 bps in February, 75 bps each in Ma..."
"EUR/USD trend: hold.
GBP/USD trend: hold.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"February 5th has become an important reference point for world financial markets. For one thing it was a Friday. Because currency trading is a 24-hour per day game, Friday closing levels p..."
"Turkey experienced one of the world’s sharpest drop in central bank interest rates. For 13 consecutive meetings starting with a 50-basis point reduction in November 2008 and ending with a..."
"As expected, no changes were announced in the Central Bank of Sri Lanka’s 7.5% repo rate or its 9.75% reverse repo rate. Those key interest rates were reduced by 300 basis points and 225 b..."
"The Office for National Statistics (ONS) announced today that unemployment in the UK fell by 33,000 during the three months ending in January to 2.45 million, or 7.8 percent. The number of people seek..."
"The eighth Icelandic rate cut in twelve months was announced today, reducing the seven-day lending rate by a further 50 basis points to 9.0%, exactly half of the peak level from October 2008 to March..."
"U.K. pound higher in currency tradingThe sterling continues its rally in forex trading on the currency market today, thanks in part to an improvement in risk appetite. Commodity currencies are higher..."
Blog:
Global Forex BlogTidsstämpel: 2010-03-17 08:07
Taggar:
currencies,
currency,
currency trading,
dollar,
economy,
employment,
forex,
forex trading,
gold,
market,
oil,
point,
pound,
trading
"Aussie in currency trading on the FX marketThe Australian dollar is moving higher in forex trading today as gold prices gain. Gold prices are moving higher as the Fed expresses its belief that the lab..."
Blog:
Global Forex BlogTidsstämpel: 2010-03-17 07:59
Taggar:
aussie,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
fx market,
gold,
market,
point,
trading
"There are a few reasons why forex traders should be nervous today, but we believe that the rally in the U.S. dollar is a reflection of the market?s hope that the Fed will come through tomorrow by grow..."
"Despite American claims that China’s refusal to allow the yuan to appreciate risks the global recovery, China?s Premier Wen Jiabao made it that China has no intention of allowing the yuan to inc..."
"We were so close to changing the record after Friday?s US data. However, again we are doomed to listen to the same issues driving Capital Markets this morning. Chinese Premier Wen said he ?opposes cou..."
"EUR/USD trend: buy.
GBP/USD trend: hold.
USD/JPY trend: sell.
EUR/JPY trend: hold.
GBP/JPY trend: hold.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"European Union insiders say that EU finance ministers will meet next week to determine a plan of action for providing funds to help Greece cover its widening deficit. Discussions will be held to debat..."
"Peru’s central bank reference interest rate was left by officials at 1.25% after this week’s policy meeting. It has been at that level since a 75-basis point reduction last August...."
"It’s not just Europe and Asia which have experienced milder labor market recessions than the United States. So has America’s neighbor to the north.
Between February 2009 and February..."
"Bangko Sentral Ng Pilipines will reduce the peso rediscounting budget from P60 billion to P40 billion but has left its key borrowing and lending rates steady at 4.0% and 6.0%, their respective levels..."
"South Korea’s Monetary Policy Committee kept its key interest rate at 2.0% as expected. Cuts totaling 100 basis points in August 2008, 175 bps in December 2008 and 50 bps in February 2009..."
"Kathy Lien - The U.S. labor market report was released this morning and the data was much better than everyone had anticipated. Who Has Lost More Jobs - Men or Women?By: Kathy Lien The U..."
"The Royal Bank of Canada – the country’s largest financial institution – released a report today predicting that Canada’s economy will grow by 3/1 percent this year, followed b..."
"The Official Cash Rate of New Zealand was left at 2.5%, where it has been since April 2009. After New Zealand entered a five-quarter recession in the first quarter of 2008, 575 basis points of r..."
"Though technically still entrenched within a sideways consolidation, AUD/USD (a daily chart of which is shown) has displayed a marked bullishness since the early February low. This bullishness has pro..."
"The Bank of Thailand left its benchmark interest rate at 1.25%, the level since a 25-basis point cut last April 8. Prior cuts of 100 bps, 75 bps, and 50 bps had been implemented in December 2008..."
"The second interest rate policy meeting of 2010 is being held this week, and an announcement to retain the officials cash rate at 2.5% is expected around 20:00 GMT on Wednesday. The key rate has..."
"He will be appointed as Chief Executive Officer of CLS Group and President and CEO of CLS Bank International, effective 30 June 2010 on the retirement of Rob Close after nine years with CLS. This exec..."
"I warn of long bars near the completion of a pattern in nearly every trade I put on fx360.com. The reason for this is that they are the number one signal that a pattern is likely to fail. Of course, s..."
"You probably already know that 90% of Forex Traders do NOT profit consistently, or even close to it.
And if you can’t profit consistently in Forex, what’s the point of throwing your money..."
"U.K. pound can't remain above 1.50 in forex tradingThe sterling is continuing its downward spiral in currency trading, after a gallant attempt at gains. However, the British currency just can't seem t..."
Blog:
Global Forex BlogTidsstämpel: 2010-03-09 09:09
Taggar:
currency,
currency trading,
economy,
forex,
forex trading,
gold,
market,
oil,
point,
pound,
trading
"Will the yen appreciate in March?For some reason, many forex traders believe that March is, seasonally, a good month for the Japanese yen against the U.S. dollar. The main reason is that March is at k..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: buy.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Currency movements continue to be choppy and mixed from the standpoint of a dollar holder. So far this past week, the greenback recorded gains of more than 1.0% against sterling and the yen but..."
"Japanese yen performance in forex trading depends on U.S. dataRight now, the current USD/JPY rally is expected to peter out. Which is unfortunate from the viewpoint of the Japanese, who like to have t..."
"Bank Negara Malyasia today raised its overnight policy rate for the first time since April 6, 2006. From a 2.5-year peak of 3.5%, such had been cut by 20 basis points in November 2008, 75 bps in..."
"Indonesian monetary policy will remain steady as expected. The policy rate has been at 6.5% since 300 basis points of easing between December 2008 and August 2009 were completed. No increa..."
"Tomorrow?s Friday?s Non-Farm Payroll (NFP) countdown has started with yesterday?s ADP (Automatic Data Processing) Non-Farm Employment Change release at 8:15am EST. Most people regard this as the main..."
"Citing strong “domestic demand growth” – tempered by a robust Canadian dollar and weak demand for exports in the United States continuing to act as “significant drags” on..."
"A new statement from Bank of Canada policymakers is more noteworthy for three dovish points from earlier statements that were deleted. They are
Any mention of term Purchase and Resale Agreement..."
"Hi!
Have you been seeing those mega moves in the forex market?!
Monday we saw the GBPUSD down 400 pips at one point. Yikes. If
you’re like me, as a trader you don’t want a little thing lik..."
"Having been the first G-20 nation last October 6 to see a rate hike after the global financial crisis, Australia became the first economy anywhere to undergo a fourth increase. All of them ̵..."
"Top currency expert Boris Schlossberg has said that a hung parliament would be a ?formula for disaster? for the pound and the British economy and has described Britain as a ?massive risk? for investor..."
"A failure of the Reserve Bank of Australia to signal a 25-basis point cash rate increase to 4.0% at 01:30 GMT tomorrow (20:30 EST Monday) would constitute a breakdown in communication with the market..."
"Forex trading forecast for the AussieThe Australian economy has been performing quite well throughout the global recession, and appears to be growing quite quickly. However, the forex trading forecast..."
Blog:
Global Forex BlogTidsstämpel: 2010-03-01 09:08
Taggar:
aussie,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
market,
point,
rate,
trading
"The yen, commodities and most stocks rose during February. The dollar and long-dated bond yields were mixed, while European currencies depreciated.
10-Yr Yield
01/29/10
02/26/10
Chg vs End-Ja..."
"Switzerland’s leading KOF economic growth barometer rose to its highest since December 2007 in February, beating analysts’ expectations and confirming views that the economy was on track f..."
"A key message of Fed Chairman Bernanke’s testimony this week has been that while improved financial market functionality warrant the gradual unwinding of unconventional measures, the economy is..."
"THE Reserve Bank will almost certainly lift the official interest rate by 25 points next Tuesday.
Both the governor Glenn Stevens and his deputy Ric Battellino have ‘told us so.’
Not, obv..."
"Nascent recovery??We can only imagine how many traders had to look that definition up before they executed a trade yesterday. It?s no wonder that we can have volatility with noise ending in a ?no-scor..."
"fxstreet’s Francesc reported that CFTC has received 5,500 comments from brokers and traders. And all I can say is that this is a massive disappointment. I expected US traders to actually act on..."
"In testimony before Congress today, Federal Reserve Chairman Ben Bernanke said that record low rates would be needed for an “extended period” to ensure the economic recovery is firmly entr..."
"Narodowy Bank, Poland’s central bank, left its seven-day reference rate at 3.5% as expected. The key rate has been at that level since a 25-basis point cut last June, which culminated 250..."
"Currency trading with the euroThe euro is heading higher in forex trading on the currency market today, due mostly to U.S. dollar weakness. With the Greeks on strike against austerity measures suggest..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-24 11:58
Taggar:
bull,
currency,
currency trading,
dollar,
financial,
forex,
forex trading,
gold,
market,
point,
trading
"U.S. dollar falls in forex tradingYesterday, the U.S. dollar was seeing a bit of a rally. At that point, it was all about risk aversion. Today, the story is a bit different. Right now, it's all about..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-24 11:47
Taggar:
bull,
currency,
dollar,
economy,
forex,
forex trading,
inflation,
market,
point,
rate,
trading
"The S&P / Case-Schiller home index report showed that home prices in 20 US cities rose for the seventh consecutive month in December. The increase was 0.3 percent over the November result but sti..."
"Last week, the Fed raised the discount rate by 25 basis points, to .75%. Investors have consistently focused the brunt of their collective monetary attention on the Federal Funds Rate, and the markets..."
"Magyar Nemzeti Bank reduced its two-week bill rate by 25 basis points to a 20-year low of 5.75%, the same incremental cut as in December and January. The previous four months had seen the rate d..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: hold.
GBP/JPY trend: hold.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"A 50 basis point increase in the Federal Reserve’s Discount Rate lifted the dollar to a nine-month high against the euro. The increased confidence in the buck worked against oil prices, sending..."
"At 19:30 GMT yesterday after U.S. markets had closed, the Fed announced a 25-basis point increase in its discount rate to 0.75%. The FOMC minutes this week had served notice that such a move cou..."
"Currency trading with the greenbackThe U.S. dollar got quite the boost in overnight forex trading after the Federal Reserve announced that it is hiking the discount rate by 25 basis points. By now, th..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-19 12:00
Taggar:
bank,
currency,
currency trading,
dollar,
forex,
forex trading,
inflation,
point,
pound,
rate,
spread,
trading
"The ZEW-CS-Indicator of Economic Sentiment for Switzerland declines by 3.7 points, reaching the 52.5 mark in February. However, the indicator still continues to hover at a relatively high level. This..."
"Euro forex trading forecastRight now, the euro is seeing some success in forex trading on the currency market, gaining against the U.S. dollar as jobless claims disappoint. However, there is speculati..."
"The Federal reserve has raised the discount window from 0.50% to 0.75% effective February 19th. The timing of this release is unusual, and the reasons given point to the Central Bank pushing the Banks..."
"Reserve Bank of Australia likely to raise rates soonThe risk trade is seeing a little bit of success today in currency trading, but risk appetite is not exactly the only thing going for the Aussie rig..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-16 09:01
Taggar:
aussie,
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trading,
inflation,
market,
point,
rate,
report,
risk capital,
trading
"Forex trading with the U.K. poundThe sterling is moving higher in currency trading on the FX market today, thanks to a return to risk appetite. Yesterday, some of the risk currencies saw some positive..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-16 08:55
Taggar:
cpi,
currencies,
currency,
currency trading,
forex,
forex trading,
fx market,
market,
point,
pound,
trading
"The Central Bank of the Republic of Turkey left its key borrowing and lending rates at 6.5% and 9.0%, respectively. Those levels were reached after a 25-bp rate cut last November. Previous..."
"In January, the Canadian Dollar (aka Loonie) registered its worst monthly performance since June. Many analysts pointed to this as proof that its run was over, after coming tantalizingly close to pari..."
"EUR/USD trend: hold.
GBP/USD trend: buy.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: buy.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"One of the issues I constantly stumble upon is traders (and even educators…) trying to figure out how margin is calculated. We had a guest post by Currensee’s John Forman who amongst othe..."
"The People’s Bank of China has increased bank reserves minimums by 0.5 percent or 50 basis points. The current reserve requirement is 16 percent of assets for large banks, and 14 percent for sma..."
"China ordered banks to set aside more deposits as reserves for the second time in a month to cool the fastest-growing major economy after loan growth accelerated and property prices surged.
The reserv..."
"Gain Capital, the owner of the lucrative forex.com domain, has redesigned its website and it is now much more user friendly. As ‘forex’ is a keyword that EVERYBODY buys and searches for wh..."
"Officials at the Central Bank of Chile made no change in their credit policy stance even thought a 0.5% monthly rise of consumer prices in January exceeded expectations. The benchmark interest r..."
"On a day when the Fed released a testimonial statement of what Chairman Bernanke had planned to announce about how the policy stance will be reined in, the Bank of England’s published quarterly..."
"U.S. dollar gains against sterling and euro in forex tradingThe debt issues plaguing both Greece and Dubai continue to affect currency trading on the FX market. Even though equities in Europe and Asia..."
"It looks like Korea (South Korea obviously) is becoming the new Dubai with more and more firms partnering up with local outfits to offer margin FX trading. I pointed at Korea’s potential as anot..."
"The Swiss unemployment rate rose to a non-seasonally adjusted 4.5 percent in January from 4.4 percent in the previous month, the State Secretariat for Economic Affairs said.
In seasonally adjusted te..."
"EUR/USD moves higher in currency tradingThe euro is rebounding in forex trading on the currency market today. The 16-nation currency is showing some strength after a couple weeks of taking a beating..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Statistics Canada says the country’s unemployment rate fell slightly to 8.3 per cent last month as the economy added 43,000 jobs in January. As a result of the added jobs, Canada’s unemplo..."
"Global stock prices continued their downward descent on Friday on fears that the debt crisis in Greece will soon spread to other vulnerable countries including Spain and Portugal. In Europe, the FTSE..."
"Global financial moments are in the grip of an “enough already” psychology. Risk aversion has spiked because of fear that fiscal deficits have gone beyond the point of safe return an..."
"Bank Indonesia’s key interest rate, which has been at 6.5% since a 25-basis point cut in August, was again left unchanged as expected. A statement on the BI website projects a steadily imp..."
"U.S. dollar gains against sterling, euro in forex tradingThe U.S. dollar is gaining against the sterling and the euro in forex trading today. High beta currencies are losing out as risk aversion rises..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-04 09:18
Taggar:
bull,
currencies,
currency,
currency trading,
dollar,
forex,
forex trading,
market,
point,
rate,
trading
"The conventional wisdom among central bank watchers coming into this week was that policy rates would be lifted by 25 basis points in Australia to 4.0% and Norway to 2.0%. Neither central bank c..."
"The National Bank of Romania sliced its benchmark monetary policy interest rate by another 50 basis points to 7.0%. This was the second reduction of 2010 following one on January 5. During..."
"U.S. consumer prices advanced 2.7% between December 2008 and December 2009, 2.6 percentage points greater than the on-year 0.1% uptick between December 2007 and December 2008. From a wide select..."
"What used to be the biggest promise in the Forex software platform development field is for years now considered a sinking ship. A few days ago the worst fears were confirmed when it was announced tha..."
"Aussie plummets in forex tradingThe Aussie is plummeting in forex trading on the currency market today, thanks to the decision made by the Reserve Bank of Australia today. Many analysts and forex trad..."
Blog:
Global Forex BlogTidsstämpel: 2010-02-02 08:56
Taggar:
aussie,
bank,
currency,
currency trading,
dollar,
economy,
forex,
forex trade,
forex trading,
inflation,
market,
point,
rate,
trading
"I expect a 25-basis point rate hike by the Reserve Bank of Australia to be announced at 03:30 GMT Tuesday (22:30 EST in the U.S. tonight). It’s been nine weeks since the last RBA BoardR..."
"Although the pace of manufacturing activity accelerated in January in both Euroland and the United States and outperformed expectations in each case, the improvement was considerably more dramatic in..."
"Futures market pricing indicates a 71 per cent chance that the RBA will increase the official cash rate by 25 basis points to 4 per cent when the board meets in Sydney today, for the first time this y..."
"EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: sell.
GBP/JPY trend: sell.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Risk aversion staged a comeback at the start of 2010 and was manifested in a stronger yen and dollar, lower bond yields, weaker equity markets, and softer commodity prices.
10-Yr Yield
12/31/09
01/..."
"The Central bank of Colombia, as analysts projected, left its intervention interest rate at 3.5% for a second straight meeting. Previously, the rate had been cut by 50 basis points each in June..."
"The euro fell to its lowest point in six months against the dollar today as investors continue to shun the currency amidst growing concerns with the status of Greece’s overwhelming debt. Despite..."
"Guest post by Currensee.
John Forman is a Forex author and expert. He is the Senior Foreign Exchange Analyst for the IFR Markets group of Thomson Reuters and frequent blog poster on Currensee.com.
The..."
"EUR/USD trend: buy.
GBP/USD trend: hold.
USD/JPY trend: sell.
EUR/JPY trend: buy.
GBP/JPY trend: hold.
Floor Pivot Points
Pair
3rd Sup
2nd Sup
1st Sup
Pivot…"
"Last week, Hirohisa Fujii resigned as finance minister of Japan. Since Fujii was an outspoken commentator on the Japanese Yen, the move sent a jolt through forex markets. Those who were expecting that..."
"Buying stocks on stock market or taking positions on Forex, often involves great deal of emotions, especially when you invest a lot of money, or you are starting out with trading and you are not comfo..."
"Another interesting article about forex reserves."Foreign exchange reserves rose by $3.16 billion in the week ending January 18, 2008 taking the total reserves to a record $284.98 billion. Money marke..."
"I havent't recently updated this blog because, i am currently more focused on Stock Market, and system for sports betting which i recently created. When i will finish it, i wil give you link to this s..."
Blog:
Forex JornualTidsstämpel: 2008-01-03 10:14
Taggar:
forex,
forex market,
forex trading,
indicators,
long position,
market,
point,
profit,
rate,
short position,
stop loss,
take profit,
trading
"I know that: "How to detect trend reversal?" maybe a thought question with very complex answer but I will try to make my take on it, and keep it very simple and understandable. So let?s get starte..."
"This is something you do not want to miss, fxclub.com gives 100$ to everyone who opens live trading account with them. You thought 5$ from Marketiva was great? Then how you can call this? Awesome? Not..."
"If you find out that you make trades to early and before price starts moving in your direction the stop loss is already hit. The source of this problem is you are probably using to big timeframe. Don?..."