U.S. Dollar Trading (USD) even though FX markets were open the important London markets were closed and many stocks markets remained closed. Better than expected Chinese PMI released on Monday saw December PMI upgraded to 50.3 above the 50 expansion level and has helped improve risk appetite. Looking ahead, FOMC Read More Holiday Monday, Markets [...]
Currency markets remained in a lull in Asia with minimal activity seen between the Christmas and New Year period, despite some centres returning from an extended break. The highlight of the session was the early release of a slew of economic data out of Japan which was generally on the Read More Japan Data Disappoints [...]
The currency markets are expected to be very quiet in between Christmas and New Years and we continue to recommend staying on the sidelines until early 2012… Read More During Holiday, Markets Quiet but at Risk for Sudden Swings
The US Dollar is treading water near familiar technical levels as financial markets drift sideways in thin holiday trade. Gold is nearing key support. Read More US Dollar Stuck at Familiar Levels in Thin Holiday Trade
Most Western stock markets may be closed today, but Forex trading is happening nonetheless. Trading is relatively thin, though. Right now the euro is gaining against the US dollar on expectations of an economic recovery for the United States, and possibly the world. (…)Read the rest of Euro Moves Higher in Holiday Trading (164 words) Posted on Forex News. Read More Euro Moves Higher [...]
Sideways and range bound price action took hold in the overnight session, as most market participants remain on the sidelines for the holiday week. As a result, the U.S. Dollar was slightly lower on Friday thus far, down against the commodity currencies, but higher against its European counterparts. Read More Holiday Trading Conditions Arrive, US [...]
Trading remains light ahead of the holiday session but risk appetite has gained mildly. Debate still is raging over Wednesday 3yr LTRO, with 523 banks participating in the tender, will significantly decrease the banking sector’s liquidity risk. That being said, we are unconvinced with the belief that the operation will Read More Markets Feeling the [...]
Yesterday’s session was headlined by the SNB’s latest monetary policy meeting, amid swirling rumours of a rise in the EURCHF exchange rate floor. Instead however, Swiss policy makers opted to keep policy unchanged, leaving interest rates at 0.00% and the EURCHF floor at 1.2000. The statement offered very little new Read More FX Markets Begin [...]
US dollar is heading lower on the Forex market today as risk appetite returns. Last week was all about eurozone weakness and sovereign debt struggles. This week is all about holiday shopping. (…)Read the rest of US Dollar Falls Back as Risk Appetite Returns on Holiday Shopping (153 words) Posted on Forex News. Read More US Dollar Falls Back [...]
The Euro took a massive hit in confidence yesterdays as news that Germany’s bund auction technically was a failure. If anyone needed further evidence that the crisis in European peripherals was spreading into the core, well this was clearly it. European yield spreads actually contracted, however for the wrong reasons, Read More FX Risk Consolidates [...]
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