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Swiss Franc Falls Most Since 1999 on Possible Euro Peg

posted by fxhottie 289 days ago in CHF, AUD, NZD

The franc tumbled the most against the euro since the shared currency’s 1999 debut after Swiss National Bank Vice President Thomas Jordan said a temporary peg to the euro would be legal as policy makers try to stem the franc’s gains.

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As Gold Briefly Hits $1,800, Traders Fear Party Is Ending

posted by fxhottie 289 days ago in Technical, Fundamental, Gold made popular 289 days ago

As gold topped a record $1800 on Wednesday, traders that are long gold [GCCV1 1768.20 16.70 (+0.95%) ] began to get nervous that they were behind a trade that may not have any potential new buyers left. After all, a trade only keeps work

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Aussie & Kiwi Drops as U.S., Europe Woes Curb Risk Bid

posted by fxhottie 289 days ago in AUD, NZD, Technical

New Zealand’s currency extended a second weekly drop versus the dollar as concern that the U.S. economy and Europe’s debt crisis will worsen damped demand for higher-yielding assets.

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Trade Deficit of U.S. Unexpectedly Widens to $53.1 Billion

posted by fxhottie 289 days ago in USD, Fundamental, Trade made popular 289 days ago

The U.S. trade deficit unexpectedly increased in June to the highest level since October 2008 as a slump in exports exceeded a decline in shipments from overseas.

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Prepare to Lose, Trade to Win

posted by fxhottie 295 days ago in Sentiment, Weekly, Trading Psychology made popular 295 days ago

We've all gotten our hearts broken at some point. And no, I'm not just talking about getting dumped by your high school sweetheart. Have you ever found yourself not pulling the trigger on a setup because it reminded you of a supposed Trade of the

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World Poorly Placed to Meet New Economic Crisis

posted by fxhottie 297 days ago in USD, EUR, CHF

With financial markets in turmoil and economic growth slowing, policymakers around the world may once again be forced to cooperate to try to head off a crisis, as they did successfully in 2008-2009. But this time, they have fewer good options.

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Obama, Bernanke out of ammo to boost jobs, growth

posted by fxhottie 297 days ago in USD, Fundamental, Employment

The United States has a jobs problem and there's not a lot President Barack Obama or Federal Reserve Chairman Ben Bernanke can do about it.

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Japan Intervenes to Tame Yen, Central Bank Easing Eyed

posted by fxhottie 297 days ago in JPY, CHF, Fundamental made popular 297 days ago

Japan intervened in the currency market and its central bank looked set to ease policy on Thursday in a concerted effort to stem a rise in the yen that Tokyo fears could derail the economy's recovery from the March earthquake.

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ECB May Pause Rate Hikes as Debt Crisis Turns Focus to Bonds

posted by fxhottie 297 days ago in EUR, CHF, Fundamental made popular 297 days ago

The European Central Bank may be prevented from raising interest rates again this year as economic growth slows and the region’s debt crisis spreads to Italy and Spain, increasing pressure on the ECB to resume bond purchases.

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Aussie, Kiwi Dollars Rise to Records After Inflation

posted by fxhottie 305 days ago in AUD, NZD, Fundamental made popular 305 days ago

The Australian dollar surged to a record after a government report showed consumer prices rose more in the second quarter than economists had forecast, prompting traders to slash bets on an interest-rate cut.

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Dollar Weakens Before U.S. Debt-Limit Vote; Aussie Climbs

posted by fxhottie 305 days ago in USD, AUD, Fundamental made popular 305 days ago

The dollar weakened against most of its major peers as President Barack Obama and Congress remained at odds on a plan to raise the U.S. debt limit needed to prevent a credit-rating downgrade and a default.

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Gold Plummets as Obama Praises 'Gang of Six' Debt Plan

posted by fxhottie 312 days ago in Fundamental, Daily, Gold made popular 312 days ago

Gold prices have plunged $25 this session as conciliatory sounds on the debt ceiling debate have prompted cautious traders and investors to take profits.

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