The U.S. Dollar continued its slide against all the major currencies last week, extending the previous week’s losses. The U.S. Dollar Index lost -2.00 points last week to close under the psychological 80.00 level at 79.40, showing an overall loss of 2.46 percent on the week. By far, the most significant price action seen last … “Fundamental Overview – Market Movers Last Week – 9/27/2010”
Category: Opinions
Fundamental Overview – Market Movers Last Week –
Guest post by ForexTraders.com The U.S. Dollar turned in a dismal performance last week against the most of the major currencies. Nevertheless, the Greenback managed to rise slightly against the New Zealand Dollar in the wake of the RBNZ’s decision to leave their benchmark Official Cash Rate unchanged at 3.00% and more so against the Japanese … “Fundamental Overview – Market Movers Last Week –”
Fireworks Will Probably Wait Till November – FOMC Preview
The Federal Open Market Committee (FOMC) is likely to repeat its previous statement and not provide any exciting news, as it did last time. Nevertheless, choppy trading will follow this release. FOMC Preview. Last month’s dramatic decision The previous FOMC meeting provided lots of action. The committee, lead by Ben Bernanke, decided to renew the … “Fireworks Will Probably Wait Till November – FOMC Preview”
Bernanke, Guarded Yen and More in the Forex Video
In the weekly forex interview on Forex TV, I spoke with Julie Sinha about the non-expectations from the FOMC meeting, the technical levels of USD/JPY that the BOJ monitors, despite the holidays in Japan, pairs to watch this week and more. Enjoy: I’ve already beforehand that the yen intervention has a good chance of succeeding. … “Bernanke, Guarded Yen and More in the Forex Video”
EUR/USD Sep. 17- Rising Rapidly in Steep Channel
EUR/USD continues pushing forward in a steep uptrend channel. The crowded US calendar promises an exciting close to the week. Here is a quick update on technicals, fundamentals, and community trends. EUR/USD trading higher in steep uptrend channel. EUR/USD Technicals Asian session: EUR/USD made the breakout above 1.3110 during the Asian session.. Current Range is … “EUR/USD Sep. 17- Rising Rapidly in Steep Channel”
No Expectations, No Disappointments – Dollar Enjoys OK Data
Weekly unemployment claims didn’t rise and even fell by 3,000. Producer prices rose marginally more than expected. This supports the dollar across the board especially helping the yen intervention. The figures released in August were disastrous – employment, home sales, durable goods order, and almost every US indicator was significantly below consensus. For the Philly PMI, … “No Expectations, No Disappointments – Dollar Enjoys OK Data”
5 Reasons Why The Yen Intervention Will Hold
The massive intervention by the BOJ to weaken the yen sent USD/JPY more than 200 pips higher. The move is far from over. The first intervention in 6 years comes after months of failed verbal intervention. Here are 5 reasons why this move will be powerful. There are significant differences between the failed interventions by … “5 Reasons Why The Yen Intervention Will Hold”
EUR/USD Sep. 15- Slipping After the Goldman Move
EUR/USD shot up on Goldman’s speculation about more dollar printing. After conquering 1.30, it slipped back down. Today’s events can supply lots of action. Here is a quick update on fundamentals, technicals, and community trends. EUR/USD flirting with 1.30. Click to enlarge. EUR/USD Technicals Asian session: EUR/USD slipped lower during Asian session. Current Range is … “EUR/USD Sep. 15- Slipping After the Goldman Move”
Fundamental Overview – Market Movers Last Week –
The U.S. Dollar put in a mixed performance last week against the other major currencies, falling against the Yen and commodity dollars, while rising significantly versus the European currencies that included both the Euro and the Pound Sterling. The most significant price action was seen last week against the Euro which fell considerably versus the … “Fundamental Overview – Market Movers Last Week –”
EUR/USD Sep. 8 – Weber Contributes to Downfall
EUR/USD took a hard hit on the fresh news about the European debt crisis and deteriorated sharply. It ranges lower. Will it lose the critical support line? Here is a quick update on technicals, fundamentals and community trends. EUR/USD broke below two uptrend support channels. Click to enlarge. EUR/USD Technicals Asian session: Busy session, with … “EUR/USD Sep. 8 – Weber Contributes to Downfall”