Germany’s apparent reluctance to endorse Italian Central Bank head Mario Draghi as the replacement for current ECB President Jean-Claude Trichet when his term ends in six months’ time has dissipated significantly over recent weeks. Indeed, the apparent endorsement from French President Sarkozy on Tuesday seemed to infer that Germany had accepted Draghi as the obvious … “German reluctance towards Draghi dissipates”
Month: April 2011
Greece Leaves the Euro-Zone? This Could Solve So Many
It seems that European politicians will do everything to avoid this scenario – a break of European unity. But interesting times call for creative solutions, especially as there could be so many benefits for one of the strongest symbols of unity – the Euro. Greece is on the brink of default. Yields on two year … “Greece Leaves the Euro-Zone? This Could Solve So Many”
No Need to Worry About the US Debt Ceiling
Which countries are the key to the European debt crisis? How far off is a rate hike in the UK? Which yen pairs are interesting to trade? Answers to all these questions and more are provided by quantitative analyst David Rodriguez. David Rodriguez is a quantitative analyst for DailyFX.com, specializing in statistical studies in currency trading markets … “No Need to Worry About the US Debt Ceiling”
Dollar Closer to 2009 Highs as FOMC Plans No Rate Hikes
The US dollar continues to hold its position of the main Forex news headliner as the FOMC hinted that they consider the inflationary fears are unjustified, offering no plans for credit policy tightening. The greenback fell for the seventh straight day against the euro today and for the first day since Thursday against the pound. Nevertheless, it managed to rise against the Japanese yen and the Canadian dollar as the former still suffers from the negative rating outlook … “Dollar Closer to 2009 Highs as FOMC Plans No Rate Hikes”
Yen Falls Against Everything on Negative Credit Rating Outlook
The Japanese yen declined against every other Forex-traded currency, including the depreciating US dollar today as the country’s sovereign debt rating outlook was revised by one of the major rating agencies. The Japanese currency managed to fall from the monthly high against the greenback and traded near 30-month low against the Swiss franc today after the Standard & Poor’s decided to alter the outlook for the Japan’s government credit rating from “stable” to “negative”. … “Yen Falls Against Everything on Negative Credit Rating Outlook”
With Which Currency Should You Trade the Fed?
The answer to the question above depends on the outcome of the event: In case of a dollar-bullish outcome, vulnerable currencies should be traded against – this will result in stronger moves. In case of a dollar bearish result, the stronger currencies would be a better bet. And what about an outcome that is in … “With Which Currency Should You Trade the Fed?”
EUR/USD: Trading the US GDP Publication
The first release of the GDP for the first quarter holds very low expectations. Is the US economy slowing down? On this background, there’s room for a surprise and a lot of price action in currencies. Here are the details and 5 scenarios for the action in EUR/USD. On Thursday, April 28th, at 12:30 GMT, … “EUR/USD: Trading the US GDP Publication”
Forex Industry Q1 2011 Report Released
Michael Greenberg’s Forex Magnates takes the forex industry one step forward: his first ever professional research of all the factors in the growing industry is a big step forward. This 30+ page report discusses every player in the market in a way that you will instantly understand what’s going on behind the scenes of forex … “Forex Industry Q1 2011 Report Released”
Dollar Falls Farther Against Euro on Stock Market Rally
The US dollar is declining all other major currencies except the Great Britain pound as the consumer optimism rises better than expected and the US stock market rallies. The greenback fell for the sixth day in a row against the single European currency today and posted a fifth negative daily result against the Japanese yen, while standing strong against the pound sterling for the third day. Ironically, the main trigger for the dollar losses today was … “Dollar Falls Farther Against Euro on Stock Market Rally”
CitiFX Pro Expanding Rapidly in 2011
CitiFX Pro, only bank forex broker left in the US, announces significant expansion in 2011. A new FIX-API will be available to clients in May, and it’s offering will expand to key markets in Asia, Europe and the Middle East. CitiFX has been very busy in 2011. Previous announcement included competitive spreads for bigger clients, … “CitiFX Pro Expanding Rapidly in 2011”