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Risk Appetite Soars As Australian Labor Data Surprises

posted by fx360 688 days ago in AUD, Employment made popular 688 days ago

Risk appetite soared in Asian session today after Australian labor data printed much better than expected indicating that labor markets Down Under remain robust. Australian employment soared by 45.9K versus 15.3K eyed while the unemployment rate

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Risk Revives as Aussie Leads the Way

posted by fx360 688 days ago in USD, JPY, Daily made popular 688 days ago

Risk sentiment soared in early Asian trade today on the back of much better that expected Australian unemployment data, but currency traders became decidedly more cautious during European trade ahead of the BoE and ECB rate announcements. Austral

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Currencies Shrug Off Reversal In Equities

posted by fx360 689 days ago in USD, EUR, JPY

U.S. stocks staged a dramatic reversal today, giving up most of its earlier gains. The Dow Jones Industrial Average was up as much as 168 points during the first hour of trading but it failed to hold onto its gains after the London markets closed

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Australian Employment Preview - Weak Data Ahead?

posted by fx360 689 days ago in AUD, Employment made popular 689 days ago

Australian Construction activity contracted for the first time in four months printing at 46.4 versus 53.2 the period prior. The house building subcomponent declined by a very sharp 13.9 points to 43.8 as tax breaks for first time buyers expired.

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Euro Declines off the Highs on Fears of QE

posted by fx360 689 days ago in USD, EUR, Daily made popular 689 days ago

High beta FX gave up some of its gains against the dollar in Asian and early European trade today as risk aversion flows returned to the market. With no meaningful economic data on the calendar risk currencies followed equities to the downside as

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FX: Knowing When to Trade

posted by fx360 690 days ago in Special made popular 690 days ago

In life, timing is everything and in forex trading, knowing when to trade is just as important as knowing what to trade. One of the greatest benefits of the forex market is that it is open 24 hours a day, 5 days a week. The ability to trade whene

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Trading Psychology- Recency Bias

posted by fx360 690 days ago in Daily, Trading Psychology made popular 690 days ago

Recency bias may not be a household phrase, but I guarantee that anyone who has ever traded has experienced it. Recency bias is the tendency for traders to place more importance on more recent trades and to place less importance on less recent t

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Aussie Lifted As RBA Relatively Upbeat

posted by fx360 690 days ago in AUD, Daily made popular 690 days ago

As was widely expected the RBA left its benchmark rates at 4.5% for the second month in a row acknowledging the fact that global growth is beginning to moderate. However, the country’s central bankers did not signal that this was the end of the t

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Risk Sentiment Improves Driving, Euro, Aussie Higher

posted by fx360 690 days ago in USD, EUR, Daily made popular 690 days ago

Risk appetite staged a strong turnaround in Asia after Nikkei rebounded and the RBA issued a relatively upbeat assessment of economic conditions Down Under. High beta FX saw a slow and steady rally throughout the early European trade with EUR/US

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FOREX: Late Day Selling

posted by fx360 695 days ago in USD, EUR, Manufacturing made popular 695 days ago

Compared to the last 24 hours, it has been a relatively quiet day in the financial markets up until the last hour of trading. The Dow Jones Industrial Average oscillated in and out of negative territory for most of the U.S. session before plungi

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Slowdown in Asia Puts Pressure on Aussie

posted by fx360 695 days ago in AUD, Daily made popular 695 days ago

Chinese Manufacturing PMI printed worse than expected in the month of June coming in at 52.1 versus 53.2 eyed fanning fears that global growth may be slowing as we move into the second half of the year. The news was especially surprising given th

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Euro Rises to 1.2300 As Spanish Debt Auction Succeeds

posted by fx360 695 days ago in USD, EUR, Daily made popular 695 days ago

A volatile night of trade in the currency market tonight as high beta FX first sold off heavily in Asian trade but managed to recover somewhat in Europe as risk aversion flows subsided. Chinese PMI data printed weaker than forecast at 52.1 versu

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