Archive for August, 2009
US Dollar: Is This the Turn Markets Have Been Waiting For?
By DailyFX -US Dollar: Fundamental Outlook for US Dollar: Bullish – US Retail Sales disappoint and the US Dollar rallies – Federal Reserve’s interest rate decision sparks impressive US Dollar volatility – Forex options and futures sentiment suggests USD may continue rallying The US Dollar fell near fresh year-to-date lows versus the Euro and other [...]
EURO / US Dollar Reversal is the Real Deal
By Daily FX – A recent divergence between the Euro futures contract and the US dollar index is just one piece of evidence suggesting that the EURUSD has reversed course. Additional evidence includes a long term cycle, wave structure at multiple degrees of trend, and recent momentum considerations. Market turns almost always occur with divergence. [...]
Mid-Day Report: Sterling Tumbles in Otherwise Quiet Market
By ActionForex – Sterling tumbles sharply in an otherwise quite market on talk that UK would slump into a Japan-style “lost decade”. There are speculation that BoE will use the Quarterly Inflation Report to be released this Wednesday to signal the risk of falling into a trap debt deflation and that was the main reason [...]
Re-Entering our Full Long EUR/USD Position on an Intraday Dip
We were watching the open last night for signs of continued USD strength from Friday, but the last 15 hours have been very quiet. EUR/USD (current bid 1.4176) is in a tight range. Without any follow through of lower EUR/USD we will put back on our full position of long EUR/USD. We originally bought at [...]
Does the Dollar’s NFP Rally Have Staying Power?
By DailyFX – The dollar made the bearish break to new lows for the year last Monday, but it was not catalyzed by any specific fundamental driver nor supported by a meaningful trend in risk appetite. To reverse the currency’s fortunes and potentially change its future, a true bull trend requires an underlying fundamental driver, [...]
A Comparative Study of Emerging Forex Markets: Russia, India and South Africa Are The Most Mature
By Forex Magnates – Russia, India and South Africa were the most mature of 14 emerging forex markets studied, using data from the last (2007) BIS survey of central banks. They each scored more than 50 on the Market Maturity Index (MMI), suggesting they are more than halfway there, as compared to the fully mature [...]
Positioning Bias in EUR/USD
Just a brief post going into the NFP data release in 70 minutes. EUR/USD has been in a very small range since yesterday afternoon; the coil is being wound up and getting ready to spring. I was thinking this morning that it has been a while since any talking head has had anything but a [...]
GBP/NZD Enjoys Frequent Congestion But Range Somewhat ill-Defined
By Daily FX – The past 24 hours have seen considerable volatility; yet most of the tension behind potential breakouts has yet to dissipate. This leaves many risk-sensitive crosses threatening significant reversals and a market floating enough price action to finally catalyze a move. Why Would GBPNZD Hold a Range? Levels to Watch: -Range Top: [...]
EUR/USD Limit Buy at 1.4245
By Forex District – ‘At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively,’ the Bank of England. ‘The President of the ECB will [...]
Brokers’ Finances Comparison May-June 2009
By ForexMagnates – Each month the CFTC issues a report with the financial data for Futures Commission Merchants (FCM). Each month I’m tracking the change in net capital of the reporting brokers, as well as who the surviving brokers are. Last month most of the brokers gained (probably due to the increase in net capital [...]
