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Market Morning Briefing

posted by Avatar victoryismine 324 days ago in JPY made popular 324 days ago

Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering to our newsletter. The US markets closed higher yesterday following the better than expected jobs data released yesterday which has increased the hope ... read more
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Crude ends higher on jobs, economic data

posted by Avatar victoryismine 324 days ago in Commodities

US crude futures ended 2 percent higher on Thursday as data on better-than-expected private sector hiring, jobless claims and retail sales reports fueled hopes that economic growth was on the rebound. ... read more
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USD/JPY backs away from 81.40, 5-week high

posted by Avatar victoryismine 324 days ago in USD, JPY made popular 324 days ago

After soaring to a fresh 5-week high at 81.40 propelled by a stronger-than-expected ADP employment report, USD/JPY was unable to extend gains beyond that level and has given up some ground along the NY session. ... read more
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NZD/USD up during the Asian session

posted by Avatar victoryismine 328 days ago in NZD made popular 328 days ago

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.08% to hit 1.3008 and EUR/NZD falling 0.02% to hit 1.7555. Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. ... read more
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Summer Soft Patch?

posted by Avatar victoryismine 330 days ago in NZD

Kiwi (NZD): New Zealand's interest rate is not as attractive as Australia so that is why it is lower across the board. Slight risk aversion ahead of the long weekend has reduced demand. Loonie (CAD): The Loonie is also lower today as oil prices have ... read more
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Sea Change for Australian Dollar

posted by Avatar victoryismine 332 days ago in USD, EUR, AUD, Commodities made popular 332 days ago

With the US dollar likely to go on a bull run post QE II, the AUD/USD thus becomes a good short candidate. The fundamentals provided great protection for the AUD/USD carry trade. In a carry trade, traders pile into a currency with leverage because ... read more
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Summer of 'sturm und drang' to keep gold on positive path

posted by Avatar victoryismine 340 days ago in USD made popular 340 days ago

If the Fed, indeed, ends its program of quantitative easing at month-end as scheduled, it will - in my view - soon be forced by rising unemployment and sluggish business activity to resume monetary stimulus in one form or another. ... read more
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USD/CHF hits 2-week high as Swiss PPI declines

posted by Avatar victoryismine 346 days ago in CHF made popular 346 days ago

By Forexpros.com Forex Pros The US dollar rose to a two-week high against the Swiss franc on Wednesday, after official data showed that Swiss producer price inflation declined unexpectedly last month. USD/CHF hit 0.8502 during European morning trade, ... read more
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EUR drops as Trichet rejects participation in Greek bailout

posted by Avatar victoryismine 351 days ago in EUR

... GBPUSD weakened to 1.6261 lows on expectations that manufacturing in UK slowed down. ECB President rejected any direct participation in bailout of Greece, which saw the Euro moving down as the EU/IMF rush to form a new package by end of the month. ... read more
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USD/CHF up during Asian trade

posted by Avatar victoryismine 353 days ago in EUR, CHF made popular 352 days ago

The pair was likely to find support at 0.8328, Tuesday's low, and resistance at 0.8391, Tuesday's high. Meanwhile, the US Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.23% to hit 1.4617 and USD/JPY rising ... read more
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AUD/NZD under immense pressure today

posted by Avatar victoryismine 353 days ago in NZD made popular 353 days ago

By Sean Lee || June 9, 2011 at 03:52 GMT A favourite hedge fund trade for a long time has been AUD/NZD. If there are any longs left out there they must have very deep pockets. The down-move from the 1.3701 May 04 high has mostly been one-way traffic ... read more
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Daily Trading Forecast

posted by Avatar victoryismine 355 days ago in CHF

... reaching highs later around 1.4730/1.6510; USD/CHF and USD/JPY within ranges of 0.8395/0.8325 (presently approaching the higher target) and 80.40/79.80 , with the Dollar-Yen in a controversial move, now approaching the lower target. ... read more