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BOE Inflation Report Sends Pound Higher

posted by forexben 458 days ago in USD, Fundamental, Daily

The U.S. dollar was relatively mixed, losing ground against the pound and up sharply against the yen. USD/JPY continued to rally as U.S. Treasury yields continued to soar. 10-year yields advanced to nearly 2.72% as USD/JPY approached highs near 8

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Aussie Versus Kiwi (AUD/NZD)

posted by forexben 458 days ago in USD, Technical, Daily made popular 458 days ago

Ahead of the Euro session, the AUD/NZD is setting up for an interesting interpretation. The NZD has been strong, causing topping action in AUD/NZD. As noted earlier on FXTimes, the Aussie has been dominating across the board, but has started to s

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Dollar Bucks Conventional Wisdom as Yen Swoons

posted by forexben 458 days ago in USD, Fundamental, Daily

Contrarian themes are crawling to the foreshore midweek with many investors tripped up by the emergent price patterns. The dollar is sky rocketing against the Japanese yen setting off a technical pattern that could see its value surge further.

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AUD Dominates All but NZD

posted by forexben 458 days ago in USD, Technical, Daily

The Aussie has been on a tear. It has made record highs in the AUD/USD. The EUR/AUD is getting back to the record low. The AUD/JPY is in a breakout, testing resistance of a rising channel, and the AUD/CAD is in a persistent rally. The only pair n

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Look Out, USD Bears!

posted by forexben 458 days ago in USD, Fundamental, Daily made popular 458 days ago

The Aussie has been on a tear. It has made record highs in the AUD/USD. The EUR/AUD is getting back to the record low. The AUD/JPY is in a breakout, testing resistance of a rising channel, and the AUD/CAD is in a persistent rally. The only pair n

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What if Ben is Right?

posted by forexben 459 days ago in USD, Fundamental, Daily made popular 459 days ago

You know how it goes, when the market is usually sure something will happen it usually doesn't. There are a host of reasons for this. One reason is that we always tend to make inferences or draw conclusions on what we see -- which is natural -- a

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Technical Analysis Daily: GBP/USD

posted by forexben 459 days ago in USD, Fundamental, Daily made popular 459 days ago

On Monday Pound/Dollar continued decreasing significantly with over 100 pips, in line with the negative Interbank sentiment at around -8%. The Cable depreciated from 1.6215 to 1.6111 yesterday, closing the day at 1.6178. Today the British Pound e

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yes Turn To The UK, Industrial Production To Stagnant?

posted by forexben 459 days ago in USD, Technical, Daily made popular 459 days ago

The US equity markets range traded yesterday and the main theme in Asia overnight was renewed concern that Europe will enter into another debt crisis due to its peripheral countries that seem to be in a financial state where both short and long-t

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Foreign Exchange Market Commentary

posted by forexben 460 days ago in USD, Technical, Daily made popular 460 days ago

EUR/USD closed sharply lower due to profit taking on Friday as it consolidates some of the rally off June's low. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bullish despite today's se

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Rising Job Advertisements In Australia Supports Growth Prosp

posted by forexben 460 days ago in USD, Technical, Daily made popular 460 days ago

Job advertisements in Australia is witnessing a rise for the sixth consecutive time during October, which increases the Australian employment sector stability hence providing the support required for economic growth. On the other hand this data i

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FOMC Unsurprisingly Announces QE2

posted by forexben 464 days ago in USD, Fundamental, Daily

Yesterday's announcement was virtually a non-event in markets making USD slide a bit, but not much and equities closed marginally higher, but failed to pass the important threshold of 1200 in S&P500.

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US Dollar Weakens after Fed Delivers QE2 - More to Come

posted by forexben 464 days ago in USD, Technical, Daily made popular 464 days ago

Yesterday, the Fed announced that it intends to buy 600bn in longer-term US Treasury securities by the end of the second quarter 2011, on average 75bn per month. This was not far from market expectations of 500bn over the next six months.

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