The most important event this week for the Forex market is US Federal Reserve policy meeting on June 19. Traders look for guidance about future Fed monetary policy. There will also be some events important specifically to the euro. It is hard to make forecasts ahead of such major events as the Fed meeting because not only the exact decision of policy makers is not easy to predict, but … “What Week Holds for Euro?”
Month: June 2013
What’s Next for the US Dollar? That Depends on the Federal Reserve
US dollar is gaining ground today as speculation about the upcoming Federal Reserve meeting runs rampant. For now, the greenback is higher against most of its major counterparts on the speculation that Ben Bernanke will provide a clearer idea of when the “taper” will begin. What happens with the US dollar in the future likely depends on the outcome of this week’s Federal Reserve meeting. The Federal Open Market Committee will meet … “What’s Next for the US Dollar? That Depends on the Federal Reserve”
Euro a Little Lower Against US Dollar Following “Safe” Claim
Earlier today, a member of the European Council proclaimed the euro “safe” and the eurozone economy on the road to recovery. Euro is a little lower against the dollar following this announcement, but this probably has more to do with profit taking after a recent run by the 17-nation currency. The head of the European Council, Herman van Rompuy, said earlier today that the euro is now safe from the threats caused by the financial crisis and the sovereign … “Euro a Little Lower Against US Dollar Following “Safe” Claim”
Indian Interest Rates Unchanged, Rupee Still Weak
The Indian central bank left its interest rates unchanged at today’s policy meeting, but this did not prevent the rupee from falling. The Reserve Bank of India left its main interest rate at 8.25 percent today. The central bank was worried that the slump of the currency may damage inflation. The rupee has fallen about 6 percent against the US dollar this quarter, one of the biggest losers among … “Indian Interest Rates Unchanged, Rupee Still Weak”
Vietnamese Dong Stable After Central Bank Intervenes
The Vietnamese dong was stable today after the central bank said that it had intervened to support the currency that was continuously falling. The dong was falling as domestic importers were buying dollars. The State Bank of Vietnam said that it intervened “with reasonable volume” to slow the fall and will continue to watch the exchange rate in order to “flexibly manage money supply channels to control cash flow”. The Vietnamese central … “Vietnamese Dong Stable After Central Bank Intervenes”
EUR/USD: Trading the German ZEW Jun 2013
The German ZEW Economic Sentiment Index is based on a monthly survey of institutional investors and analysts and their views of the German economy. A reading that is higher than the market forecast is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 9:00 GMT. … “EUR/USD: Trading the German ZEW Jun 2013”
EUR/USD: Sideways Within Uptrend
EURUSD is slow, choppy and sideways for the last few trading days which we believe represents a corrective price action within a larger uptrend. We are talking about wave 4 which still could retrace deeper if we consider wave four support of one lesser degree is at 1.3176. After a completion of that black wave … “EUR/USD: Sideways Within Uptrend”
MarketsPulse leads discussion over future of binary options, unveils
The iFXExpo held during May in Limassol, Cyprus, was very fruitful for binary options provider MarketsPulse. It engaged in discussions about the maturing binary options industry, and launched new software features. For more on the news, here is information from the official press release: At the end of May, MarketsPulse joined other leaders in the B2B … “MarketsPulse leads discussion over future of binary options, unveils”
A mild hawkish change? 4 scenarios for the Fed decision
Will the Fed hint about a future reduction of bond buys? This is the main question for the highly anticipated statement that will be released by the FOMC. Speculation about such a move has had a tremendous impact on stocks, commodities and the US dollar. It is important to remember that tapering does not mean … “A mild hawkish change? 4 scenarios for the Fed decision”
Trading in Accordance with Fundamental Market Analysis
Trading according to traditional Forex rules is difficult enough and would need a lot of careful comprehension and analysis. However, when traders do Forex trading according to fundamental analysis, then said analysis adds more spice to trading activities. Fundamental analysis, in relation to stocks and equities, is to review financial statements, charts, and conditions of … “Trading in Accordance with Fundamental Market Analysis”