The Aussie Dollar Roars For The First Time In 5 Weeks
It was a bright start to the week today as Japanese stocks advanced by 2.73% and were followed by solid gains in Europe and the States with the Dow Jones Industrial Average moving up by 0.7%. The Aussie dollar gained for the first time in 5 weeks as well. In forex, the Japanese yen weakened with both USDJPY and EURJPY …
Is the GBP/USD Ready For A Big Pull Back In The FX Market?
Markets dropped again on Friday with the Dow Jones Industrial Average posting a 0.7% decline whilst dollar yen retreated back towards 94. In fact the greenback was weak across the board on Friday as GBP/USD traded above 1.57 and EUR/USD moved towards the 1.34 level. AUDUSD also gained and currently trades around 0.957. Although there wasn’t an awful lot of …
The Forex Seesaw Heats Up As Markets Tank
It was a forex seesaw up and down day for markets today but in the end most assets failed to recuperate from yesterday’s declines. The Asian session started poorly with the Nikkei opening over 1% lower before retracing most of those losses. Europe then made some headway but once the US session got underway, any gains quickly evaporated, with the …
Liquidity, Oh Liquidity, Where For Art Thou Global Financial Liquidity?
Global Financial Liquidity Market Update GBP/USD is currently trading at about 1.5660, GBP/EUR is trailing towards 1.1770, at the month the Sterling is both higher against the Euro and the United States dollar, compared to where it was this time yesterday. It was a bloodbath for emerging markets currencies yesterday, with the low yielders (the Yens, the United States dollars, …
Can the Japanese Central Bank Twist The Markets Today?
Markets returned after Friday’s jobs number but were relatively quiet with little economic data on the agenda. Stocks fluctuated around break even after their biggest two day gain last week since January. Although, traders were in good spirits from the recent jobs number they were largely unable to capitalize on positive developments that came out of Standard & Poors. The …
Where the Smart Money Trades This Week In Forex?
Markets rose on Friday, rebounding from a volatile few days as US jobs data showed enough weakness to suggest that the Fed would continue to keep their asset purchasing strategy going for a little while yet. US payrolls rose by 175,000 for May, higher than the expected 163,000, but the unemployment rate advanced to 7.6% from 7.5%. Traders also had …
MASSIVE SIGNAL | EUR/USD To Hit 1.0000 Low..Wait, WHAT?
That’s right - 1.00000 - The EUR/USD , currently between 1.32100 to 1.32500 has nowhere else to go. What does this mean for Forex Traders? — Unbelievable profits to come ofcourse. Click Here to See How ITM FX Neural Networks are already ahead of this move (3,200 pips): –> https://me114.infusionsoft.com/go/neuro.webinar/fbppc/ Below is a Monthly Chart of the EUR/USD proving this …
The Forex Update – Calm Waters Run Deep
Forex Update – 06.05.2013 Forex markets fell sharply on Wednesday with US stock indices down over 1% and the Dow Jones Industrial Average dropping 200 points. In currencies, traders moved mostly into safe havens such as the Swiss franc and the Japanese yen. The dollar had a mixed day and was weak against the British pound and yen but …
Cash Rates Left at 2.75% by the RBA Amidst Consolidation in Some of the Majors
Cash Rates Left at 2.75% by the RBA Amidst Consolidation in Some of the Majors GBP/USD is currently trading at 1.5316, GBP/EUR is towards 1.1712, so GBP/EUR for all the funny games that we saw in the Forex market on Monday, is pretty flat from where it was this time on Monday. The GBP/EUR did get up to about …
The Bug Hits The Windshield – The Yen Drops Below 100
Markets had an interesting day on Monday with Japanese and European markets posting heavy losses early on in the day. US equities, however, regained recent momentum and the Dow Jones Industrial Average ended the session nearly a point higher. The move came as a Federal Reserve official stated the Fed was fully committed to record levels of stimulus. In forex, …
