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U.S. Consumers Make Aggressive Cutbacks in Spending

posted by Avatar fx360 912 days ago in USD, Technical made popular 912 days ago

The much weaker than expected retail sales report triggered a wave of risk aversion in the currency market. The U.S. dollar sold off aggressively against the Japanese Yen while the higher yielding currencies like the Euro and Australian dollar ga  read more
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US Retail Sales Key to Further Euro Gains

posted by Avatar fx360 912 days ago in USD, Technical made popular 912 days ago

Risk FX firmed in overnight trade spurred by much better than expected GDP figures from both Germany and France. German GDP increased 0.3% vs. -0.2% forecast while French output rose 0.3% vs.-0.2% as the two largest economies in the EZ rebounded  read more
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Canadian Loonie Intervention Is Highly Unlikely

posted by Avatar provision 912 days ago in CAD, Fundamental made popular 912 days ago

There was much talk Wednesday, circulating NY dealing rooms, that the Bank of Canada is getting ready to intervene in the foreign exchange market. We are dubious are that the BOC would intervene unilaterally on the CAD/USD exchange rate.  read more
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EURJPY

posted by Avatar Nica 912 days ago in EUR, JPY made popular 912 days ago

Good evening ladies and gentlemen! I'm taking a trade on EURJPY based on a simple technical setup and on the idea the recent rally in "risk" may be over done. Time for EURJPY to trend lower??  read more
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Pick of the Day: GBP/USD

posted by Avatar keiragabe 1026 days ago in USD, GBP, Daily made popular 1026 days ago

Good afternoon Forex fanatics! There is a simply trendline break play forming on GBP/USD that I'd like to check out. Will the pair drop back further?  read more
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AUD/USD

posted by Avatar trader 1041 days ago in USD, AUD, Technical

Good afternoon! We are getting a few technical signals that the AUD/USD may be poised for a reversal down lower. Has the "risk rally" run out of steam? Let's check it out!  read more
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GBP/USD - Trade Update

posted by Avatar keiragabe 1081 days ago in USD, GBP, Daily made popular 1081 days ago

Greetings! My short position was triggered as 'Cable' rallied higher yesterday, and after hitting resistance around the 61.8% Fibonacci level we saw sellers jump in and push the pair back below 1.44. Unfortunately, GBP/USD is back above 1.45, so  read more
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Pick of the Day: GBP/USD

posted by Avatar MarcB 1096 days ago in USD, GBP, Technical made popular 1095 days ago

Good afternoon! Big moves in the markets today as traders go into "risk aversion" mode. US Treasury Secretary Geithner announced details of the plan to hopefully stimulate lending by banks, but market players weren't too impressed and showed thei  read more
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Pick of the Day: USD/JPY

posted by Avatar MarcB 1130 days ago in USD, JPY, Technical made popular 1129 days ago

Greetings and Happy New Year! I'm back and it looks like currencies are back to their volatile ways. For my first trade of the year, I'm going short USD/JPY. Let's take a look at the fundamental and technical reasons why I think this pair may con  read more
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Japan's Economic Recovery To Take Time: BoJ Minutes

posted by Avatar aranel 1143 days ago in JPY, Inflation made popular 1143 days ago

Thursday, minutes of the monetary policy meeting held on November 20 and 21 showed that the Bank of Japan policymakers agreed that the Japanese economic activity had been increasingly sluggish due to the impact of earlier increases in energy and  read more
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US economic decline pushes oil down

posted by Avatar princesa 1143 days ago in USD, Oil made popular 1143 days ago

US crude fell $1.36 to $38.55 a barrel and London Brent was down $1.35 at $40.10 a barrel.  read more
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UK edges closer to recession

posted by Avatar sassygirl 1143 days ago in GBP, Fundamental, GDP made popular 1143 days ago

The country's economy is seeing its first contraction at its sharpest rate since the early 1990s, and productivity has also dropped for the first time since 1989, the Office for National Statistics announced Tuesday.  read more