May 31st, 2011
You are browsing the archive for May 31st, 2011.
Read More Looking for USD selling opportunities
Posted in FX News | Tagged for, looking, opportunities, selling, usd
As expected, the Bank of Canada maintained the policy rate at 1.00% today. The tone of the discussion on the global outlook was broadly the same as in April with the global recovery proceeding and challenges to the outlook being offset by very stimulative financial conditions. Importantly the Bank highlighted Read More Bank of Canada [...]
Posted in FX News | Tagged are, bank, canada, hikes, hints, in, interest, keeps, key, of, rate, statement, that, the, unchanged
The Aussie-Loonie pair has been one of the less-volatile currency pairs in 2011, trading in a narrow 800-pip range for the first 5-months of the year. Read More AUD CAD Ascending Channel Provides Swing Trading Opportunity
Posted in FX News | Tagged ascending, audcad, channel, opportunity, provides, swing, trading
The Conference Board’s measure of U.S. consumer confidence fell 5.2 points to 60.8 in May, more than reversing last month’s 2.2 point increase to 66.0 (initially reported as 65.4) and falling to its lowest level since last November. The decline in sentiment comes as a surprise as market expectations were Read More US Consumer Confidence [...]
Posted in FX News | Tagged confidence, consumer, continued, declined, existing, fall, home, in, may, prices, to, unexpectedly, us
The Shorter the Time Frame Being Traded, the Greater the Influence Market Noise Will Have on the Chart. Read More Quieting Market Noise
Posted in FX News | Tagged market, noise, quieting
A sizzling equity market rally took most of the shine away from government bond prices on Tuesday as investors tossed core European bonds down the safety chute. Yields rose sharply after EU officials ruled out a “total restructuring” of Greek debt and announced that they were engineering a new package Read More Treasuries Clamoring for [...]
Posted in FX News | Tagged after, clamoring, earlier, for, in, rise, treasuries, unchanged, yields
For this presentation I take a look at Cable and build on our analysis from last week. I take a much broader view and work our way down to an intraday perspective. I hope you enjoy the video and good luck today! David Pegler Read More FXBootCamp European Outlook 06 01 2011
Posted in FX News | Tagged 06012011, european, fxbootcamp, outlook
Risk-on trading took a pause around 10 AM ET, as the US posted its Chicago PMI and Conference Board Consumer Confidence index, both coming in weaker than expected, and continuing the theme of softening US fundamental data. The Dollar slipped against the Yen, giving back a chunk of its gains from Read More US Data [...]
Posted in FX News | Tagged and, chicago, confidence, consumer, continues, data, disappoint, pmi, post, results, soft, to, us
The dollar was able to climb back from losses seen after a string of weaker than expected data prints this morning. However the greenback is expected to remain on the defensive with traders continuing to eye the week’s economic docket. Read More Greenback Pares Losses But Remains on the Defensive
Posted in FX News | Tagged but, defensive, greenback, losses, on, pares, remains, the
Consumer Confidence Declines in May Consumer confidence fell 5.2 points to 60.8 in May, falling to its lowest level since November. Both the present situation and expectations series declined in May, and the job and income outlook also darkened a bit. Consumer Confidence Is Still Lagging Consumer confidence fell 5.2 points, Read More Consumer Confidence [...]
Posted in FX News | Tagged confidence, consumer, declines, in, may
