Weekly

Yen Surge Causing Nikkei trouble 27/10/08 last week’s currency trading review The Dollar gained heavily this week as key levels broke and risk aversion spiked higher especially on Friday as the Nikkei Plunged. Recession talks and forced selling from funds facing redemptions led to a very skittish market. Only the… read more

Interbank Lending Rates fall for the First Week in Months 20/10/08 last week’s currency trading review The Dollar was largely unchanged as the market recovered from the extreme volatility seen the week before. A massive relief rally for equities on Monday was offset by an equally large drop on Wednesday… read more

Crashing stocks Prompt record Bailout from US Government 22/09/08 The forex trading week preview In the States light data week highlighted by speeches from the US Treasury and US Fed. On Tuesday we have the Richmond Fed Manufacturing Survey seen slightly better at -15 in September vs. -16 previously. Treasury’s… read more

Lehman Brothers Rock Markets. Oil below $100 15/09/08 The forex trading week preview In the States the FOMC meeting is the highlight with markets mostly expecting a hold at 2.00%. On Monday we have the August Industrial Production expected at -0.3 and the September Empire State Manufacturing Index is expected… read more

Non Farm Payrolls overshadowed from GSE bailout Rumors 08/09/08 last week’s currency trading review The Dollar the dollars advanced fairly consistently all week as hurricane Gustav missed Oil production facilities and fell to $105 a barrel. The rise was only hampered as Non Farm payrolls surprised with a jump in… read more

Euro taking it’s cue from Oil, waiting for Gustav and Non-Farm 01/09/08 last week’s currency trading review The Dollar gained against most of the majors as US data surprised to the upside while most other economies data continued to detract. Large volatility in Oil continued to direct the majors. Housing… read more

Plunging Gold support Dollar strength 18/08/08 last week’s currency trading review The Dollar climbed to 7 month highs on the back of falling commodities and continued weakness in other economies. US data also surprised to the upside this week. US CPI climbed to its highest level in 17 years at… read more

Dollar sentiment turning cautiously positive 04/08/08 last week’s currency trading review The Dollar gained this week as US data came in better than expected and other economies data weakened considerably putting an end to the decoupling theory. Supply concerns and a reemergence of geopolitical tensions caused Oil to remain above… read more

Dollar Gains as Interest Rates look set to Rise 28/07/08 last week’s currency trading review The Dollar gained across the board after ultra-hawk Fed Member Plosser commented on Tuesday that the Fed’s Interest Rate Policy should be reversed as quickly as possible. Also buoying the Greenback was multiple economic reports… read more

US banks turn from Villain to Savior 21/07/08 last week’s currency trading review The Dollar had an extremely volatile week as multiple trading themes took hold. Doubts about the government’s ability to backstop GSE’s such as Freddie Mac and Fannie May saw shares touch year lows and the Dollar hit… read more