The Euro tested the upper border of its trading range and bounced. There are many reasons for explaining the move upwards, and one good reason for not seeing a break. EUR/USD went as high as as 1.4480 – an important resistance line, and then fell back down to the low 1.44s. Since December 16th, the … “EUR/USD Failed to Break Out”
Month: January 2010
Euro to Fall Versus Commodity Linked Currencies
The euro may extend last month’s decline versus emerging markets and commodity linked currencies as the economic recovery expected for the beginning of 2010 may rise appeal for riskier assets, damping demand for the European single currency in foreign-exchange markets. After currencies like the South African rand and the Norwegian krone benefited from a rise in demand for energetic and metallic commodities, the attractiveness for the European common currency suffered another strike, as some of its country members … “Euro to Fall Versus Commodity Linked Currencies”
Norwegian Krone At 12-Month High Versus Euro on Oil
The Norwegian krone benefited today from a high rise in the crude oil rates, as Norway is one of the main suppliers of energy for the European Union, helping its currency to gain sharply versus the euro in foreign-exchange markets. Commodity related currencies ranked among the best performers today versus the euro and the U.S. dollar, and the krone was no exception, reaching the highest rate in more than a year versus the euro and also profiting from optimism … “Norwegian Krone At 12-Month High Versus Euro on Oil”
South African Rand Advances on Metallic Commodities
This year started with a growing demand for metallic commodities as investors expect that the global economic recovery will rise industries’ needs for raw materials, helping the South African currency to start the year bullish. The rand managed to hit a one-month high versus the U.S. together backed mostly by an increase in the gold rates, in a risk fueled session were emerging markets and commodity producer currencies outperformed other options in foreign-exchange markets. USD/ZAR … “South African Rand Advances on Metallic Commodities”
Video Weekly Outlook on Forex TV
On an appearance on Forex TV, Julie Sinha interviewed me about the outlook for this week. I’ve reviewed the major events on the calendar, and focused on the pivotal event – Non Farm Payrolls. I’ve also covered technical levels to watch out for, including currency pairs not covered in the weekly outlooks. Enjoy: I want … “Video Weekly Outlook on Forex TV”
Canadian Dollar Up High on Oil Rally
The loonie, as the Canadian currency is nicknamed for the image of the waterfowl on the C$1 coin, started the year gaining versus most of the 16 main traded currencies as its chief export, the crude oil, advanced further, naturally forcing the Canadian correlated currency up in foreign-exchange markets. After the crude oil traded above $81 dollars for the first time since November, the Canadian dollar advanced significantly specially versus a less attractive U.S. dollar, as traders … “Canadian Dollar Up High on Oil Rally”
Weak Dollar Start in 2010 on Equities Rally
The U.S. currency is having a negative start in this year’s first session as stocks and commodities rose worldwide, boosting demand for higher-yielding assets and currencies from commodity exporter countries, leaving the greenback in a second plan of attractiveness. After the crude oil traded above $80 a barrel today, the greenback posted a declined versus all of the 16 main traded currencies, showing the sharpest fall versus commodity exporter’s currencies, like the Canadian and Aussie … “Weak Dollar Start in 2010 on Equities Rally”
Aussie Dollar May Gain on Commodities
The Australian dollar may start the year gaining against refuge currencies like the yen, and currently not so attractive currencies like the pound and the euro as a global recovery expected for 2010 may trigger stronger demand for commodity exports from Australia, favoring the national currency in foreign-exchange markets. The Australian currency ranked among the top performing currencies versus the greenback last year thanks mostly to, later confirmed, speculations that the Reserve … “Aussie Dollar May Gain on Commodities”
Canadian Dollar Posts Monthly Gains, To Advance in 2010
The Canadian currency rebounded in the end of 2009 despite the nation’s central bank statements that a strong currency can be an obstacle for exporters and consequently to the economic recover, as global demand for commodities rose more than speculations regarding Canada’s central bank position towards loonie. The Canadian dollar ended last year posting the highest yearly rise versus its U.S. Counterpart since 2007 as the economic recovery in the country and globally provided support … “Canadian Dollar Posts Monthly Gains, To Advance in 2010”
Will the US Finally See Job Gains?
The American job market has reached a turning point, where a gain in jobs is at a hand. In this preview, there are arguments for both options, expected market behavior and possible strategies for trading this major news event. In a previous post about forex binary options, I’ve shown how a binary option can be … “Will the US Finally See Job Gains?”