Safe haven trades were slightly stronger this morning despite some encouraging US data and an okay Irish debt auction. However, due to the low liquidity in Asia and Middle East, plus the summer holiday atmosphere still infecting most of the G10 nations, market moves should be taken with a Read More FX Consolidates But Market [...]
Posted in FX News | Tagged but, consolidates, favors, fx, market, still, usd
Producer Price index in UK failed to meet market estimates and rose at the slowest pace in half a year, signaling that inflation pressures might be easing in the country, despite the fact that inflation continue to hover above the government’s upper limit of 3.0 percent. Read More UK Producer Prices Fails To Meet Estimates [...]
Posted in FX News | Tagged a, and, at, estimates, fails, meet, pace, prices, producer, rise, slower, to, uk
Data overnight from China and general risk sentiment seem to be highly divergent. We still seem well bid on the risk front as attested by the S&P looking for the 1115 level still and trading above the 1090 level. While crosses like the EURUSD and the Cable remain listless, my Read More Divergent Risk Sentiment
Posted in FX News | Tagged divergent, risk, sentiment
Canada’s economy got back into job creation mode in August with employment rising by 35,800. This result was largely in line with the consensus forecast for a 30,000 job gain. The unemployment rate, which rose in July to 8.0%, increased again in August to stand at 8.1% because the 53,500 Read More Canadian August Employment [...]
Posted in FX News | Tagged august, canadian, employment, expectations, gain, met, rate, rose, unemployment, unexpectedly
There were high hopes that the return of speculative liquidity this week (after the extended US holiday and the general return from summer vacation) would encourage a meaningful trend development. Yet, nothing has developed; and lethargy is setting back in.
Read More A Lack of Fundamental Drive Resolves Oil to Congestion, Breaks Gold Trend
Posted in FX News | Tagged a, breaks, congestion, drive, fundamental, gold, lack, of, oil, resolves, to, trend
Technically, the US dollar would put in for a positive close through Thursday’s active session. However, an astute trader would appreciate the fact that the single currency is actually still mired in its month-long congestion pattern. It is easy to become caught up in the day-to-day changes from particular currency pairs; and the headlines of [...]
Posted in FX News | Tagged approaches, as, deep, dollar, evaporates, event, in, its, itself, monthlong, range, retrenches, risk, scheduled, weekend
For those familiar with seasonal trends in the financial markets, this past week carried a significantly probability for not only volatility but also trend generation. The second trading week of September marks the return of US-based liquidity after an extended holiday weekend; and it is also considered the end to the summer doldrums.
Read More [...]
Posted in FX News | Tagged 500, a, breakout, doesnt, eurusd, for, forge, liquidity, meaningful, of, or, return, sp, speculative, the
Read More London Calling Sep 10
Posted in FX News | Tagged 10, calling, london, sep
Read More Crude Oil Inventories Watch Week Ending 09 03 2010
Posted in FX News | Tagged 09032010, crude, ending, inventories, oil, watch, week
The euro slid today on the speculation that the banks of the European Union would have hard time to raise the funds amid the signs of the slower economic growth in the region. For now, the currency rose somewhat, but still weaker than yesterday. (…)Read the rest of Euro Drops on Doubts in Strength of European Banks (87 words) Posted on Forex News. Read More Euro Drops on Doubts in [...]
Posted in FX News | Tagged banks, doubts, drops, euro, european, in, of, on, strength
