Market Rebounds off Year Lows Last week’s currency trading review The Dollar hit inter-week highs on Tuesday but finished well off these levels as stocks markets staged a major relief rally on Thursday. Economic data out of the US was mixed with April Existing Home Sales jumping to 5.7mn vs…. read more
An in-depth market summary of the previous week’s foreign exchange trading movements, the weekly outlook presents the forex market moving events and data releases which impacted major currencies and commodities. Discussion of future events and indicators in the coming week which are likely to influence the foreign exchange market are discussed. The general expectation of these releases and the implications going forward are also explained in detail.
Technical analysis of the major currencies and gold at present time is also provided to highlight where the market is positioned and to assist in calculating the extent to which any move in the major currencies and gold could have upon release of future data.
Stocks Crash, Risk Off Last week’s currency trading review The Dollar was generally stronger with the notable exception of the Euro and JPY as stock markets crashed around the world on concerns that the Eurozone Debt problems would pull the world back into recession. The panic selling had little major… read more
Euro’s Future Shaky Last week’s currency trading review The Dollar enjoyed the EUR/USD inspired gains across the board. Oil was down over $7 a barrel and stocks finished under pressure as the Eurozone debt crisis refused to go away. The US Trade Balance weakened to -40.4bn in March as the… read more
Volatility hits markets amidst Greek Bailout plans Last week’s currency trading review The Dollar was overall stronger against its two largest pairs in the Yen and the Euro and to a lesser extent against risk currencies as market volatility spiked late in the week thanks to Greek bailout fears and… read more
Goldman Sachs Under Pressure Last week’s currency trading review The Dollar was able to gain against most currencies as the Euro tested fresh year lows but ended the week well of highs as a expanded bailout package for Greece supported a relief rally on Friday. Volatility in stock markets was… read more
Greece Bailout in Focus Last week’s currency trading review The Dollar was mixed gaining against its two largest pairs in the Yen and the Euro but struggling to maintain against risk currencies as Stocks rallied for the 8th week. Weekly Jobless Claims improved to 456k vs. 480k previously. Also strong,… read more
Greece Bailout in Focus Last week’s currency trading review The Dollar started the week on a strong footing after the strong Non Farm Payrolls data and was able to keep this strong footing for most of the week as the market focused on Greece’s woes. Pending Home Sales jumped 8.0%… read more
Carry Trade Returns on Global Recovery Last week’s currency trading review The Dollar was well supported against the Yen on Strong economic data although risk appetite and new highs in Stocks sent risk sensitive currencies such as the AUD and CAD to multi month highs. The global recovery story is… read more
Dollar Bulls in Charge Last week’s currency trading review The Dollar broke higher against all currencies last week as the as the Euro losses continued and USD/JPY broke out of a 2 week range to the topside. US stocks traded at year highs above 10900 on the Dow Jones before… read more
Yen Weakness Accelerates Last week’s currency trading review The Dollar gave up ground against most currencies as investor sentiment remained ‘risk on’ due to a combination of strong US data and easing Greece fears. February Retail Sales jumped 0.3% and was doubly impressive given the fact that many thought bad… read more