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Loonie Declines for a Second Day as U.S. Growth Trails Forec

posted by fxhottie 366 days ago in USD, CAD, Fundamental made popular 366 days ago

The Canadian dollar slid for a second straight day against the greenback after reports showed the U.S. economy expanded at a slower rate than analysts forecast and initial jobless claims unexpectedly increased and oil fell.

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Another Chance to Short EUR/USD?

posted by fxhottie 367 days ago in EUR, Technical, Weekly made popular 367 days ago

Good evening fellow forex fanatics! After an extended drop from last Friday to Monday of this week, EUR/USD has grinded higher in a relatively calm trading week. With the pair still in a downtrend, is this rally higher a new opportunity to get sh

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Why a Greek Default Would be Worse Than Lehman Collapse

posted by fxhottie 367 days ago in EUR, Fundamental, Special

If Greece defaults on its debt, the direct secondary effects on financial institutions could be much worse than what we saw after the collapse of Lehman Brothers.

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China Interested in BuyingEuropean Bailout Bonds

posted by fxhottie 367 days ago in EUR, Fundamental, Daily made popular 367 days ago

The euro advanced against the dollar and yen on speculation China will purchase European bonds even as Greece’s debt crisis threatens the region’s economic recovery.

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Euro Falls to Record Low Versus Franc on Debt Concerns

posted by fxhottie 370 days ago in EUR, Fundamental, Daily made popular 370 days ago

The euro touched a record low against the Swiss franc as concern over Europe’s sovereign debt crisis deepened, reducing the appeal of the region’s...

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Rising Wedge Break in EUR/USD?

posted by fxhottie 373 days ago in USD, EUR, Technical made popular 373 days ago

Good morning folks! It looks like there might be one more trade to end the week with a winner as I spot a bearish signal or two EUR/USD. Check it out!

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Dollar Weakens Versus Currencies of Commodity Exporters

posted by fxhottie 374 days ago in USD, Fundamental, Gold made popular 374 days ago

The dollar dropped against currencies of commodity exporters including Norway and New Zealand as raw- material prices and stocks rose, fueling investor appetite for higher-yielding assets.

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Japan Falls Into Recession After Economy Shrinks 3.7%

posted by fxhottie 374 days ago in Fundamental, Daily

Japan’s economy shrank more than estimated in the first quarter after the March 11 earthquake and tsunami disrupted production and prompted consumers to cut back spending, sending the nation to its third recession in a decade.

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UK and US Monetary Policy on the Docket

posted by Kenneth 374 days ago in USD made popular 374 days ago

GBP/USD support and resistance are found at 1.6150 and 1.6515. Yesterday crude oil prices rallied almost $3 from their mid-day lows. Last week's surprising increase in crude oil stocks helped to send the price of crude oil tumbling. ...

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Technical Swing Setup on Cable?

posted by fxhottie 376 days ago in GBP, Technical, Fundamental made popular 376 days ago

Good morning! After checking out the charts this morning, I see potential swing setup forming on GBP/USD that get a bit of help from today's news reports. Check it out!

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3 Reasons Why the BOE Won't Hike Rates Soon

posted by fxhottie 377 days ago in GBP, Fundamental, Inflation

In its inflation report published earlier this week, the Bank of England (BOE) announced that inflation may hit 5% by the end of the year. By 2013, the BOE sees inflation standing at around 2%, an upward revision from its former estimate of 1.6%.

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FDIC Reveals new Foreign Exchange Rule

posted by fxhottie 377 days ago in Weekly

Y'all know that you can expect Forex Ninja to have the inside scoop on the latest buzz in the forex scene! This week, word on the street is that the FDIC plans to set a new rule regarding foreign exchange for the banks it regulates.

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