Global Stocks Resume Uptrend Last week’s currency trading review The Dollar remained on the back-foot as global stocks rallied and US data improved investor sentiment. The big news was the better than expected February Non Farm Payrolls at -36k vs. -56k forecast released on Friday which saw Global stocks rally… 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.
Yen in Demand as Risks Last week’s currency trading review The Dollar was generally strong even as risk appetite got a boost from strong commodities and rising equities. Bernanke spoke before congress and reiterated that he will be holding rates low for an extended period of time and this helped… read more
US Surprise Market with Discount Rate hike Last week’s currency trading review The Dollar it was another difficult trading week as surprises shocked the market and sentiment waxed and waned. Stock markets were positive in the end however and this allowed risk sensitive trades to do well. The FOMC meeting… read more
Greece Issues Still Linger Last week’s currency trading review The Dollar gained strength from two sources through the week. Euro weakness kept the dollar well supported as the biggest currency pair in market reacted to ongoing Greece fears and China raised bank reserve ratios. The other source of strength was… read more
‘Risk Off’ Supports Dollar Gains Last week’s currency trading review The Dollar gained against all the major trading currencies except the Yen as the stockmarket correction accelerated. Weaker than expected January NonFarm Employment Change at -20k vs. +10k forecast helped the Dow Jones Index Trade under the Key 10000 level…. read more
Stock Market Correction Inspires USD Gains Last week’s currency trading review The Dollar was very strong as stock markets continued to fall in response to China/Obama/Greece concerns. Safe haven flows were already helping lift the USD against most pairs before Friday’s GDP report sent the Greenback to multi-month highs. Q4… read more
Obama Bank Plans Scare the Market Last week’s currency trading review The Dollar gained across the board except against the Yen as risk aversion shot higher on new plans from Obama to limit the risk taking by banks. The reforms and uncertainty around it’s impact caused stock markets to tumble… read more
December Non Farm Payroll’s Shock Market Last week’s currency trading review The Dollar came under considerable pressure as risk appetite picked up in the first week of trading for 2010 and economic data did little to inspire fresh buying. November Pending Home Sales dropped -16% vs. +3.9% previously. The FOMC… read more
US Jobs Data to test USD strength into the New Year Last week’s currency trading review The Dollar was able to gain against its two biggest partners in the Euro and the Yen with US economic data continuing to show improvement. December Chicago PMI jumped to 60 vs. 56.1 previously…. read more
Holiday Trading Takes Over Last week’s currency trading review The Dollar consolidated against most currencies as the recent USD rally faded into Christmas. Economic Data was mixed with Q3 GDP being revised to 2.2% vs. 2.8% whilst Existing home sales gained 7% in November. Weekly Unemployment Claims fell to 452k… read more