There’s a correlation between fear of worsening economic conditions and the interest in forex trading. This can be seen in figures disclosed by big forex portals and also in my internal statistics. Forex trading is at many times an alternative to stock markets. Many forex brokers tease potential customers by pointing out that their stock … “Interest in Forex Grows with Fear”
Category: Opinions
USD/CAD breaking minor support – the move is fragile
The Canadian dollar built up strength from a few factors and managed to break a minor support line. It’s now back to the levels that it was before the greenback comeback, but has bumps on the way. USD/CAD now trades at 1.0520, after touching the round number of 1.0500. Since the beginning of the week, … “USD/CAD breaking minor support – the move is fragile”
EUR/USD isn’t convinced by good figures
Another Monday brings another surprise in American figures, this time for the upside. This triggers risk appetite – the dollar weakens across the board, apart from the Yen. But last week’s fear is far from over – EUR/USD couldn’t climb back. It looks like the pair is back in the range, waiting for developments, and … “EUR/USD isn’t convinced by good figures”
Canadian dollar should enjoy good GDP
After being blown away from parity following the rate decision, Canada’s monthly GDP might help the Canadian dollar. The good GDP release in the US could signal that also Canada’s GDP is will be on the bright. Here’s a preview for the Canadian GDP. Canada publishes its monthly GDP on Friday at 12:30 GMT. Canada … “Canadian dollar should enjoy good GDP”
Weekly Forex Roundup – Winners and Losers
The US Dollar gained against the Yen, the Pound and the Canadian dollar, but lost to the others. Here’s a review of the big moves in forex trading this week. The biggest story was the ongoing recession in Britain, that supplied a huge drop for the Pound on Friday. Dollar Weakness The US dollar index … “Weekly Forex Roundup – Winners and Losers”
GBP/USD and EUR/USD ran out of fuel
The Pound completed the comeback and reached the resistance line. The Euro passed the 1.50 hurdle but didn’t make a convincing break. What’s next for these currencies? GBP/USD is out of air GBP/USD trades now at 1.6620, about 40 pips from one of the strongest resistance lines – 1.6660. This number stopped the pair so … “GBP/USD and EUR/USD ran out of fuel”
The Kiwi Flies Higher – Rate Hike Coming?
NZD/USD, the kiwi, reached new Year to date highs, passing 0.75 at the beginning of the new week. Is the market expecting a rate hike next week? Forex trading began with new dollar weakness. Many currencies regained against the dollar after losing ground on Friday. Mostof them are currently within levels seen last week: EUR/USD … “The Kiwi Flies Higher – Rate Hike Coming?”
Comeback of the Pound (2)
The British Pound made a huge comeback and is winning all across the board. Today, the Pound isn’t left behind. Stopping the QE program is one reason, but not the only one. What else is behind this comeback? Why makes this move meaningfully? Here are some answers: Updated 11:42 GMT. GBP/USD made 550 pips in … “Comeback of the Pound (2)”
EUR/USD – Breakout or Not?
EUR/USD climbed above the 1.4844 peak that it reached three weeks ago but didn’t get far away. 1.4908, just above it, was a peak at the beginning of the year. Did EUR/USD make a breakout and is doing it slowly? Or did it just get closer to the resistance line, where it can bounce back … “EUR/USD – Breakout or Not?”
Loonie at Parity? Getting very close
Amazing employment figures warmed the hearts of Canadian policymakers and sent USD/CAD tumbling down. Is the Canadian dollar going to be in parity with the US dollar? Excellent data We have a second major surprise this week. After the RBA raised the interest rates, Canada’s employment data was much much better than expectations. Economists were … “Loonie at Parity? Getting very close”