Archives by date

You are browsing the site archives by date.

US Dollar, Japanese Yen Rally on Flight-to-Quality as Investors Fear Results of US Bank Stress Tests

– Euro Breaks Below 1.3000 – German ZEW Survey Could Impact Trade on Tuesday – British Pound Tumbles Against Safe-Havens – UK CPI May Fall Back Into BOE’s…

Forex Wrapup 04.20.09

Widespread Breakouts Leaves EURCHF Range A Last Option

Conditions are far from favorable for range traders. Risk aversion has soared with the start of the week; and many pairs have responded with major breakouts…

EURUSD Short Term Targets

If my working assumption that the EURUSD is in a 3rd of a 3rd wave down is correct, then the decline should be capped by 1.3020/75 and weakness should…

US Dollar Surges on Flight-to-Quality – Why? (Forex Video)

US dollar gains on flight-to-quality…why? Bank of Canada rate decision could impact the Canadian dollar on Tuesday.

COT 04/20

US Dollar Index: The speed with which speculators recently exited longs and went short (and commercials covered shorts and went long) favors USD strength.

COT: Dollar and Yen Still Extremely Bullish

COT data favors USD and Yen strength. The data also suggests that the Euro, Australian and New Zealand Dollars will be the weaknest currencies.

USD/CAD Direction May Be Determined by the Bank of Canada on Tuesday

The Canadian dollar could see a pickup in volatility on Tuesday at 9:00 ET as the Bank of Canada is expected to leave rates unchanged at 0.50 percent,…

Overnight Interest Rate Update 04.20.09

Current Yesterday USD 0.23500 0.25000 GBP 0.60000 0.60000 EUR 0.86375 0.82875 JPY 0.17875 0.18625 CHF 0.11500 0.11500 AUD 3.16250 3.17500 CAD 0.44667 0.42833 NZD 3.03750 3.03750

Australian Producer Prices Unexpectedly Fell in the First Quarter

Australia’s Producer Price Index unexpectedly fell in the first quarter, bringing the annual pace of wholesale inflation to 15-month low at 4.0%. The reading…