When most currency pairs are trading in narrow ranges, the Canadian dollar and the Japanese Yen are standing out with exceptional strength. This makes the CAD/JPY very interesting. EUR/USD, GBP/USD and USD/CHF have been consolidating for a long time. No one knows when they will “explode”. For example, EUR/USD is trading sideways between 1.3750 and … “CAD/JPY Going Wild”
Category: Opinions
SNB Intervention – Shortlived Indeed
The SNB intervened in the forex market to weaken the Swiss Franc. Though still above the levels before the intervention, USD/CHF has lost its hot air, and is now trading lower. A lesson about central bank interventions. On Wednesday, the Swiss National Bank intervened in the forex market in order to weaken the Swissy. Switzerland’s … “SNB Intervention – Shortlived Indeed”
Central Banks Intervention – Great Trade Opportunity
In the forex market, huge volume makes even big interventions very hard. The SNB’s intervention had a short lived effect last time, and this time is no different – the correction will come. Such cases are great trade opportunities. The Swiss National Bank intervened in the forex market on March 12th in order to weaken … “Central Banks Intervention – Great Trade Opportunity”
Iran Election Crisis Supports Dollar
The ongoing crisis in Iran is worrying the whole world and ignites fears. Risk aversion may cause investors towards the US dollar, especially after the escalation in the situation this weekend. Escalation in Iran Election Crisis Iran’s election on June 12th had a very controversial outcome, to say the least. The authorities quickly announced Mahmoud … “Iran Election Crisis Supports Dollar”
EU Summit Optimism Weakens Dollar
The US dollar had a strong week, with a strong start. It later weakened but remained higher than other currencies. The EU summit optimism erased the gains near the end of trading. The US dollar had a strong start to the forex trading week. Two unexpected geo-political developments helped the dollar. The Russian renewed backing … “EU Summit Optimism Weakens Dollar”
Critial Week in the Swissy
The Libor Rate decision makes this week critical in the direction of the Swiss Franc. Add three more major indicators: PPI, Industrial Production and Retail Sales, and add a close and critical technical support line, and you have a recipe for excitement. Swiss Franc outlook. PPI: Producer Price Index isn’t as significant as Consumer Price … “Critial Week in the Swissy”
AUD/USD Should Become A Major Pair
The current global crisis has shown us that the dollar is the safe haven currency. The Swiss Franc lost its status. On the other hand, Australia’s economy hasn’t been badly affected by this crisis. The Aussie should replace the Swissy in the big league of majors. Traditionally, there are four major pairs: EUR/USD, USD/JPY, GBP/USD … “AUD/USD Should Become A Major Pair”
Interest Rate Hike in the US?
Although the recession is still strong, the surprising payrolls figure hinted that the worst is behind us, even in the job market. With rising commodity prices and improving consumer sentiment, inflation might be around the corner. Will Bernanke change a direction? Last week’s Non-Farm Payrolls were much better than expected – they fell by 345,000 … “Interest Rate Hike in the US?”
Canadian Dollar – Took a Break or Changed Direction?
After a very volatile week where the USD/CAD bounced off a strong resistance line, the loonie is now tested: Was it just a normal retracement? Or did the trend reverse? 4 major indicators await the Canadian dollar: Housing Starts, Trade Balance, NHPI and a press conference by Mark Carney. Here’s an outlook for this week … “Canadian Dollar – Took a Break or Changed Direction?”
EUR/USD – Will it Get on its Feet Again?
After a rollercoaster week, the Euro will receive important figures throughout the week: German Factory Orders, Industrial Production, ECB Monthly Bulletin and two speeches by Jean-Claude Trichet. Here’s an overview of the major Euro figures + a quick technical look on the EUR/USD. Talks about abandoning the dollar as the world’s reserve currency are here … “EUR/USD – Will it Get on its Feet Again?”