Forex traders are usually divided along the lines of technical and fundamental analysis, and some mix. However, it’s important to note the flows in the markets, especially as they change. The global slowdown has its effect on currencies, via large countries whose currencies aren’t traded widely. China: The world’s No. 2 economy is still growing … “The Flows are a-Changin’”
Month: July 2012
USD/CAD: Trading the Canadian Core CPI July 2012
The Canadian CPI, also known as inflation, is a key consumer indicator. It measures the change in the price of goods and services charged to consumers. A reading that is higher than the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Friday at 12:30 GMT. Indicator Background … “USD/CAD: Trading the Canadian Core CPI July 2012”
Swiss Franc – Will the Levee Break?
The worsening situation in European pushed money to the safety of the Swiss franc, despite the fierce intervention from the SNB, which wants a weaker currency. The floor of 1.20 under EUR/CHF turned into an effective peg, as the SNB just prints more francs to buy more euros. The Swiss authorities would probably prefer an … “Swiss Franc – Will the Levee Break?”
QE3: More Expectations and More Disappointments?
In the last FOMC meeting held in June, the Fed announced an extension of “Operation Twist” by $267 billion. The idea is to sell short term bonds and buy long term ones, thus lowering long term yields and encouraging investment. There is lots of room to doubt if this is effective: low borrowing costs aren’t … “QE3: More Expectations and More Disappointments?”
Improvements in Spanish Bonds Not Here To Stay
Spain paid a dear price of heavy austerity for a small drop in its bond yields. A quick look at recent history tells us that the improvement in Spanish and Italian bond yields isn’t here to stay, explains John Kicklighter of DailyFX. In the interview below, Kicklighter discusses the options facing the Fed, British QE, … “Improvements in Spanish Bonds Not Here To Stay”
StockTwits Integrated into OANDA iPhone App
US Forex Broker OANDA ads notifications about price alerts and the StockTwits media stream into the mobile trading application for iPhone. Many people use the StockTwits conventions to follow foreign exchange updates through the service. So, this enhancement will probably be well received. More details in the press release: OANDA integrates price alert notifications and … “StockTwits Integrated into OANDA iPhone App”
Enhanced MetaTrader 4 Offering by Gain Capital
Publicly trade US forex broker Gain Capital (Forex.com) launches an enhanced offering of its MetaTrader 4 offering. This includes streaming commentary, trade ideas, 1 click trading, automated order management and more. See more details in the official press release: FOREX.com Introduces Enhanced MetaTrader 4 Offering Integrated trader tools & research, 1-click trading make it easier … “Enhanced MetaTrader 4 Offering by Gain Capital”
Japanese Yen – Chopping its Way Up
The value of the yen continues to mostly be a factor of risk: when European headlines are bad, the yen gains across the board and is the No. 1 safe haven currency. However, Japan is far from being “safe”. Debt: The huge debt mountain is still there and there’s always a danger that it could … “Japanese Yen – Chopping its Way Up”
Spain’s Temporary Calm
As discussed in the June outlook, an announcement about a Spanish bailout came during the month. It was later followed by an official request from the euro-zone’s fourth largest country. More details are expected in the Eurogroup meeting on July 9th, but this will definitely not be the end of the story. The bailout currently … “Spain’s Temporary Calm”
GBP/USD: Trading the British Retail Sales Jul 2012
British Retail Sales is considered a key economic indicator and provides analysts and traders with a snapshot of consumer spending in the UK. A reading that is higher than the market forecast is bullish for the British pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Thursday at 8:30 GMT. Indicator Background Retail Sales is … “GBP/USD: Trading the British Retail Sales Jul 2012”