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Forex Wrapup 03.04.09

Dollar Rebound May Struggle Under Fading Fundamentals

Functions come and go in the market. For years, the Japanese yen was considered the preeminent funding currency for the carry trade and was later treated…

EURUSD: Did the Spike below 1.25 Produce a Low?

We can not know with 100% certainty whether or not a low is in until the EURUSD rallies substantially, but today’s loong wick certainly has the look of…

Euro, British Pound Outlook Hinges Upon ECB, BOE Rate Decisions (Forex Video)

US dollar, Japanese yen falter on pickup in risk appetite, but upcoming rate decisions by the ECB and BOE are likely to drive price action for EUR/USD,…

US Dollar, Japanese Yen Falter as Increased Confidence Propels S&P 2.38% Higher

- British Pound Could Plunge of BOE Cuts Rates, Signals Move Towards Quantitative Easing – Euro Outlook Hinges Upon ECB Rate Decision, Trichet’s Comments

US Dollar Shows No Response to Fed’s Beige Book

The US dollar, and risk trends in general, showed little response to the release of the Federal Reserve’s Beige Book report this afternoon, despite the…

US Benchmark Equity Indexes Rallying And Dollar Tumbling Through Closing Hours Of US Session

With only an hour left of active trade in the US session, risk appetite looking to make it a strong finish. This advance was paced by the equities market…

Greenback Seen Lower into Thursday (Daily Classical)

Euro fails to establish momentum after breaking to fresh 2009 lows. Dollar/Yen inches closer to 100.00. Cable seen higher into Thursday. Dollar/Swiss posts…

ECB Expected to Cut Rates by 50bps

This Thursday, the governing council of the European Central Bank is widely expected to cut its overnight rate by 50 bps to 1.5 percent. Typically, expectations…

GBPAUD Range Looks To High Risk, High Reward and a Fast Pace

The best range trades are placed on low volatility pairs that are set within a clear channel and are clear of notable event risk. By this crude definition,…