October 2011
You are browsing the archive for October 2011.
US Dollar speculative long positions have declined from a record. The surge in longs since September is reminiscent of the Fall of 2008 and late 2009. Read More US Dollar Speculative Longs Decline from Record
Posted in FX News | Tagged decline, dollar, from, longs, record, speculative, us
Economic activity in the U.K. is expected to expand at a faster pace in the third-quarter, and a positive GDP report should prop up the British Pound as it encourages an improved outlook for the region. Read More GBP USD Trading the Advance 3Q UK GDP Report
Posted in FX News | Tagged 3q, advance, gbpusd, gdp, report, the, trading, uk
The dollar has fallen just as fast as it rallied and is now almost back to August levels. This has caught the market on the wrong foot, as a general euro bearish sentiment meant that investors had been sitting on significant short euro positions. These are now being unwound – explaining the speed of the [...]
Posted in FX News | Tagged 103111, bank, consensus, research, weekly
The Dow Jones FXCM Dollar Index (Ticker: USDollar) surged more than 2% today as equity markets tumbled on renewed European debt concerns and end-of-month profit taking. However with key event risk on tap this week, the greenback is likely to remain in consolidation. Read More USD Stages Largest Rally Since August Index Clears Key Resistance
Posted in FX News | Tagged august, clears, index, key, largest, rally, resistance, since, stages, usd
Be Certain to Follow the “Three Touch Rule” Read More Using a Valid Trendline
Posted in FX News | Tagged a, trendline, using, valid
Last week, the Japanese yen continued to strengthen at a rate uncomfortable to leaders. As a result, earlier today, the Bank of Japan decided to directly intervene in order to keep the yen lower. (…)Read the rest of Bank of Japan Intervenes, Sending Yen Lower (140 words) Posted on Forex News. Read More Bank of Japan Intervenes, Sending Yen Lower
Posted in FX News | Tagged bank, intervenes, japan, lower, of, sending, yen
US dollar is rising today against major currencies as a safe haven. Concerns about what’s next for the global economy are causing Forex traders to look for safety — and the US dollar is the best choice. (…)Read the rest of US Dollar Rises on Safe Haven Demand (144 words) Posted on Forex News. Read More US Dollar Rises on Safe Haven Demand
Posted in FX News | Tagged demand, dollar, haven, on, rises, safe, us
We start the week with some interesting events such as Chicago PMI in the US and GDP in Canada as the main highlight on today’s outlook. Let’s see what awaits us today. In the US, Chicago Purchasing Managers’ Index (PMI); monthly managers in 38 Vote(s) Read More Forex Daily Outlook October 31 2011
Posted in FX News | Tagged 2011, 31, daily, forex, october, outlook
The Federal Reserve took action in the past two meetings, pledging low rates and announcing "Operation Twist. It is likely to take a break now, as conditions improve. For the first time since June, the statement will be followed by a press co 36 Vote(s) Read More Will Bernanke Raise Forecasts FOMC Preview
Posted in FX News | Tagged bernanke, fomc, forecasts, preview, raise, will
In addition, the unemployment rate is expected unchanged at 9.1%. Canada will release the Ivey PMI for the month of October at 14:00 GMT, where the Ivey PMI is expected to ease to 54.5 from the prior estimate of 55.7 back in September. The NZD/USD … 28 Vote(s) Read More Technical and Fundamental Analysis for [...]
Posted in FX News | Tagged 2011, 31, analysis, and, for, fundamental, october, of, Technical, the, week
