Business / currencies forex news stories


Business / currencies forex news

What will be the Next Catalyst for Risk Appetite behind Stocks, Currencies? (source: Daily FX)
September 17, 2009 at 10:01 pm

Defining the underlying trend is not as important as determining the next catalyst when assessing the health of the markets. Risk appetite has extended... (source: Daily FX)

UK Budget Deficit to Add 18 Billion Pounds in August (source: Daily FX)
September 17, 2009 at 9:49 pm

The UK Public Sector Net Borrowing report is expected to show that the government deficit expanded by a whopping 17.6 billion pounds in August, the most... (source: Daily FX)

Euro Zone Current Account May Show First Surplus in Six Months (source: Daily FX)
September 17, 2009 at 9:49 pm

The Euro Zone Current Account may post a surplus in six months in July following yesterday's better-than-expected Trade Balance result for the same period... (source: Daily FX)

German Producer Prices to Rebound From Record Low in August (source: Daily FX)
September 17, 2009 at 9:49 pm

German Producer Prices are set to show that the pace of contraction in wholesale prices slowed for the first time in 13 months in August, rising to -7.2%... (source: Daily FX)

Commodity Bloc Data Ticks Higher Yet Aussie, Kiwi and Canadian Dollars Struggle (source: Daily FX)
September 17, 2009 at 7:59 pm

With risk appetite pulling tempered through Thursday's session, the commodity currencies were naturally put into a holding pattern. As has been the case... (source: Daily FX)

Japanese Yen: What Happens When the Threat of Intervention is Removed? (source: Daily FX)
September 17, 2009 at 7:58 pm

Though it is not frequently mentioned, market participants know that there is a constant threat of intervention working against the Japanese yen. It has... (source: Daily FX)

Euro Advances Against All Counterparts Except the Swiss Franc Despite SNB Warning (source: Daily FX)
September 17, 2009 at 7:57 pm

Compared to its US counterpart, the euro was relatively quiet. Similarly lacking for volatility, the world's second most liquid currency is still positioned... (source: Daily FX)

US Dollar's Bearish Trend Intact but Momentum Easing (source: Daily FX)
September 17, 2009 at 7:57 pm

Today's session was a relatively quiet one for the dollar in terms of fundamental impact and volatility. Yet, despite the relative calm, the currency still... (source: Daily FX)

GBPUSD ST Pattern Update (source: Daily FX)
September 17, 2009 at 5:22 pm

We've been watching the GBPUSD closely of late due to head and shoulders patterns at various degrees of trend. The short term head and shoulders composes... (source: Daily FX)

The Trend of the Day - EUR/USD (source: Daily FX)
September 17, 2009 at 2:49 pm

Euro Prepares More Dollar Punishment (source: Daily FX)

AUDJPY Offers Another Risky, Time-Sensitive Range (source: Daily FX)
September 17, 2009 at 2:30 pm

Despite the many stalled or otherwise choppy trends that are scattered throughout the currency market; there are few viable range setups. And, those that... (source: Daily FX)

GBP/USD: Trading the Change in U.K. Public Sector Borrowing (source: Daily FX)
September 17, 2009 at 2:26 pm

The British pound is likely to face increased selling pressures over the next 24 hours of trading as economists forecast public sector borrowing to increase... (source: Daily FX)

Euro May Continue To Climb As Equity Markets Look To Test Pre-crisis Levels (source: Daily FX)
September 17, 2009 at 1:51 pm

The EURUSD continues to set fresh yearly highs as the pair continues to be driven by risk sentiment which currently accounts for 46% of price action. Its... (source: Daily FX)

16:05 (CET) - EurUsd (source: Alerts Feed)
September 17, 2009 at 12:14 pm

The pair is rebounding after the better than expected manufacturing data. The pair rebounded 55 pips to trade at 1.4738 dollars per euro . In the technical aspect, the Bands of Bollinger are spreading, indicating a 30 pips volatility between the middle... (source: Alerts Feed)

Canadian Dollar Extends Advance, New Zealand Dollar Loses Ground (source: Daily FX)
September 17, 2009 at 11:44 am

The Canadian dollar rallied against the greenback for the third day, with the USD/CAD slipping to a fresh yearly low of 1.0592, while the NZD/USD pared... (source: Daily FX)

Dollar Bear Approaches Terminus (source: Daily FX)
September 17, 2009 at 10:24 am

The dollar bear is strong but exhaustion will eventually set in. The EURUSD rally above 1.4720 satisfies the minimum requirement for wave C (from 1.2456).... (source: Daily FX)

A Range Bound GBP/USD Provides Opportunity for Scalping Strategies (source: Daily FX)
September 17, 2009 at 9:12 am

The GBP/USD has started to see volatility wane as both the Pound and the Dollar has lost favor leaving the pair in a stalemate. Flat U.K. retails sales... (source: Daily FX)

Swiss Franc Gains As SNB Keeps Rates Unchanged, Raises Infaltion Expectations (source: Daily FX)
September 17, 2009 at 8:43 am

The Swiss National Bank left their three month Libor rate unchanged at 0.25% at its quarterly monetary policy meeting stating that prevailing uncertainty... (source: Daily FX)

British Pound Advances Even as Retail Sales Fails to Impress, Euro Hits Fresh Yearly High (source: Daily FX)
September 17, 2009 at 7:10 am

The British pound advanced against the U.S. dollar for the second day but, the overnight rally was tempered as U.K. retail sales unexpectedly held flat... (source: Daily FX)

Euro Still Disregards Overbought Readings (Daily Classical) (source: Daily FX)
September 17, 2009 at 2:23 am

. Euro to fresh 09 highs . Dollar/Yen double bottom . Cable rallies to stall . Dollar/Swiss focused on 78.6% (source: Daily FX)

Swiss Franc in Focus as SNB Announces Rates, Currency Policy (Euro Open) (source: Daily FX)
September 17, 2009 at 12:24 am

The Swiss Franc may see volatility ahead as the Swiss National Bank gets set to make their quarterly monetary policy announcement, including an update... (source: Daily FX)

New Zealand Manufacturing Shrinks at Faster Pace as New Orders Plummet (source: Daily FX)
September 16, 2009 at 9:26 pm

New Zealand's Business NZ Performance of Manufacturing Index fell to 48.7 in August from 49.6 in the previous month, showing the pace of contraction in... (source: Daily FX)

UK Retail Sales Growth to Slow in August (source: Daily FX)
September 16, 2009 at 9:26 pm

UK Retail Sales are expected to rise 2.7% in the year to August, snapping two months of consecutive gains in the annual growth rate. The metric has seen... (source: Daily FX)

Japanese Service Demand Rises to Highest Since February (source: Daily FX)
September 16, 2009 at 9:26 pm

Japan's Tertiary Industry Index grew slightly more than economists expected, adding 0.6% in July to show that demand for services has rebounded to the... (source: Daily FX)

Dollar Marks a New Low for the Year as Carry Interest Builds (source: Daily FX)
September 16, 2009 at 9:00 pm

Reflecting the building fundamental and speculative pressure behind the US currency and assets, the dollar (on a trade-weighted basis) has fallen for nine... (source: Daily FX)

No Break from USD Selling - EUR and Gold Surge (source: ACM Newsletter)
September 16, 2009 at 8:00 pm

The USD sank to new lows on broad based selling, as participants ponder whether the Fed is really concerned about potential inflationary pressure of QE and actually moving toward an exit strategy. In addition, risk appetite remains high and risk correlated... (source: ACM Newsletter)

EURJPY Trade Idea (source: Daily FX)
September 16, 2009 at 6:42 pm

I want to position for a break higher in the EURJPY. 133.10/45 is support. The rally from 131.00 is impulsive therefore 134.45 should be exceeded. Stops... (source: Daily FX)

Currency Crosses: Technical Outlook (source: Daily FX)
September 16, 2009 at 6:25 pm

The Euro crosses are mosly constructive but the better opportunities are in the Yen crosses - which could break higher. Stops should be placed below the... (source: Daily FX)



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