The Australian dollar dipped on bad fundamentals – something quite uncommon. Does this imply a long term change? An update on the Australian economy as well as AUD/USD technicals. At the beginning of the week, things looked good for the Aussie. Glenn Stevens, the governor of the RBA, said that house prices are too high … “Aussie Losing its Charm?”
Month: March 2010
GBP/JPY Breaking Higher
The British Pound got some great news, managed to climb. While GBP/USD stopped at a resistance line, GBP/JPY managed to break higher. Update on both pairs. British Nationwide HPI rose by 0.7%, significantly higher than the early expectations for a 0.2%. This important house prices index showed that the dip in house prices last month … “GBP/JPY Breaking Higher”
Forex Technical Levels, Events and Expected Breakouts on the
On the weekly video outlook on Forex TV, I spoke with Julie Sinha about the events of this week (Non-Farm Payrolls, and many others), technical levels for the majors, and expected breakouts. Enjoy: Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Get the 5 most predictable currency … “Forex Technical Levels, Events and Expected Breakouts on the”
Dollar Down on Renewed Global Confidence
After a rally that set the greenback to the highest level in 2010 versus the euro last week, the dollar started this Monday’s session losing versus important worldwide currencies, as risk appetite brought investors to purchase assets in higher-yielding markets. The U.S. dollar became less attractive today as expectations regarding the global economic recovery in 2010 gained strength before reports that are likely to bring positive data in both North America … “Dollar Down on Renewed Global Confidence”
Full Recovery for EUR/USD? Not So Fast
EUR/USD enjoyed an active Asian session to make very significant gains in the wake of the new week. With the back wind of the Greek plan, is the Euro changing directions? Not so fast. During the Asian session, EUR/USD made a move above 1.3423. This was the previous support line. When the pair was trading higher, … “Full Recovery for EUR/USD? Not So Fast”
Canadian Dollar Falls as Rally Slows
The Canadian dollar dropped versus 9 of most traded currencies this week on concern among speculators that its rally won’t last. The Canadian currency fell against the euro as European government’s plans to help Greece bolstered confidence in the European currency. The currency slipped against the U.S. dollar after crude oil declined 0.7 percent for the third week. The loonie is closely tied with oil prices because Canada is … “Canadian Dollar Falls as Rally Slows”
Will the Greenback Fly the Non-Farm Payrolls?
The upcoming Non-Farm Payrolls release on April 2nd should be significantly different than previous releases. The special timing and the a realization of the high expectations could send the dollar way up. Here’s a preview. For newbies, and not only them, I recommend reading my 5 notes for Non-Farm Payrolls trading. This is always a very exciting, … “Will the Greenback Fly the Non-Farm Payrolls?”
Dollar Confirms Another Weekly Gain on EU Crisis
The U.S. currency is heading to post the highest quarterly gains versus the euro as raising budget deficits among Eurozone members is producing a capital exodus from the region towards safer markets overseas, affecting also risk driven markets negatively. Despite the fact a French-German bailout plan for Greece was unveiled towards the end of this week, the EU couldn’t revert a strong negative sentiment towards assets in the region, specially after … “Dollar Confirms Another Weekly Gain on EU Crisis”
EUR/USD – Yet Another Rise Before A Dive?
After losing a critical support line and making a deep dive, EUR/USD is making a nice recovery. Learning from the near past – fasten your seat belts for a fresh dive. EUR/USD broke down under the 1.3423 earlier this week and made a sharp drop. In February, the pair was supported at this line several times, … “EUR/USD – Yet Another Rise Before A Dive?”
Forex trading season!
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. Do you know the seasonal patterns which tend to play out in the forex markets? If so, then you were well positioned to take advantage of what … “Forex trading season!”