Business / currencies forex news stories


Business / currencies forex news stories

British Pound Losing its Risk Appeal as Conditions Deteriorate (source: Daily FX)
September 25, 2009 at 9:58 pm

Some of the major currencies are showing strength against some pairs and weakness against others - a sign of underlying currents like risk appetite. However,... (source: Daily FX)

Japanese Yen Momentum a Combination of Risk, Intervention and Data (source: Daily FX)
September 25, 2009 at 9:55 pm

The Japanese yen was the biggest mover and gainer amongst the majors this past week - by a long shot. However, we can't idly attribute this appreciation... (source: Daily FX)

US Dollar: Optimistic Economic Outlooks to Meet Hard Facts This Week (source: Daily FX)
September 25, 2009 at 6:50 pm

The US dollar ended the past week marginally higher after the Federal Reserve issued a more optimistic outlook on the economy. In the coming week, though,... (source: Daily FX)

Momentum and Fundamental Winds Key to a Long-Term EURJPY Range (source: Daily FX)
September 25, 2009 at 6:22 pm

There are countervailing forces at work for EURJPY from both a fundamental and technical perspective; but ultimately, where momentum and risk appetite... (source: Daily FX)

US Dollar Event Risk Stacked High Ahead of Consumer Confidence and NFPs (source: Daily FX)
September 25, 2009 at 3:20 pm

Next week's economic calendar will be dominated by US economic reports, so the US dollar could see very choppy price action induced by reports like consumer... (source: Daily FX)

Currency Crosses: Technical Outlook (source: Daily FX)
September 25, 2009 at 1:05 pm

A few crosses have broken out from multi month patterns (EURCAD, GBPJPY), others are close to breaking from multi month patterns (notably EURCHF), and... (source: Daily FX)

16:00 (CET) - U. of Michigan consumer sentiment (source: Alerts Feed)
September 25, 2009 at 11:58 am

Current: 73.5 . Previous: 70.2 . Consensus: 70.5 . (source: Alerts Feed)

Japanese Yen Continues to Outperform, British Pound Remains Worst Performing Currency (source: Daily FX)
September 25, 2009 at 11:43 am

The Japanese yen continued to appreciate against the US dollar, with the USD/JPY extending the sell-off from the previous day to reach a fresh monthly... (source: Daily FX)

EUR/CHF Creating Scalping Nirvana With Tight Range And Increasing Volatility (source: Daily FX)
September 25, 2009 at 10:43 am

The EURCHF has remained in a tight range since the SNB intervened which has made it a pair to target for scalping strategies. However, price action at... (source: Daily FX)

NZD/USD At Risk For Pull Back If Risk Appetite Wanes (source: Daily FX)
September 25, 2009 at 10:43 am

The NZDUSD has eased from its yearly high of 0.7313 but it remains in a clear upward trending channel as risk appetite and rising interest rate expectations... (source: Daily FX)

Euro Breaks Short Term Trendline; Confirms Reversal (source: Daily FX)
September 25, 2009 at 9:19 am

The EURUSD reversal from the top of a short term channel is confirmed by a drop below an even shorter term trendline. Wave structure suggests that this... (source: Daily FX)

Euro Halts Two-Day Decline Despite Dovish ECB, British Pound Falters For Third Day (source: Daily FX)
September 25, 2009 at 7:10 am

The euro halted the two-day decline against the U.S. dollar after finding intraday support ahead of the weekly low however, comments from the European... (source: Daily FX)

NZD/USD Short Taken @0.7195 (Morning Slices) (source: Daily FX)
September 25, 2009 at 5:59 am

The pullback in risk appetite over the past 24 hours along with comments from China that the USD has been a keen influence on global recovery hopes and... (source: Daily FX)

German Consumer Confidence Rises to 16-Month High (source: Daily FX)
September 25, 2009 at 5:29 am

The GfK consumer confidence survey for Germany rose to a 16-month high in October, with the index advancing to 4.3 from a revised reading of 3.8 in the... (source: Daily FX)

British Pound Short Hits Initial Target, Canadian Dollar Sold (source: Daily FX)
September 25, 2009 at 3:35 am

Our short British Pound position has hit its initial objective, floating nearly 700 pips in profit. We now add exposure selling the Canadian Dollar and... (source: Daily FX)

Currency Markets Look to G20 Summit Outcome to Guide Price Action (Euro Open) (source: Daily FX)
September 25, 2009 at 1:37 am

Currency markets will be focused on the outcome of the G20 summit of world leaders in Pittsburg to guide directional momentum. A leaked draft communiqué... (source: Daily FX)

Traders Await a Coordinated G-20 Exit Strategy, but are Officials Already Reining in Stimulus? (source: Daily FX)
September 24, 2009 at 10:11 pm

Risk appetite has advanced for yet another week and in the process we have seen new highs set by EURUSD and the Dow Jones Industrial Average. However,... (source: Daily FX)

USDCAD: Long Trade Taken as Prices Break Key Resistance (source: Daily FX)
September 24, 2009 at 9:25 pm

Last week, we wrote that ''USDCAD may be on pace to put in a double bottom above 1.0630 with prices hinting at a forming Morning Star bullish reversal pattern.''... (source: Daily FX)

GBPUSD: Short Trade Exceeds Initial Target As Prices Break 1.60 (source: Daily FX)
September 24, 2009 at 9:25 pm

We sold GBPUSD at 1.6617 as prices put in an Evening Star on a re-test of support-turned-resistance at a rising trend line established from the swing lows... (source: Daily FX)

Euro Yields Bearish Reversal Signal Against US Dollar (source: Daily FX)
September 24, 2009 at 9:25 pm

EURUSD has put in a clear Three Inside Down bearish reversal candlestick pattern, with the downward bias seeing added confirmation as the RSI oscillator... (source: Daily FX)

Australian Dollar Traders More Concerned Over Risk Trends than Confirmations of Financial Stability (source: Daily FX)
September 24, 2009 at 8:14 pm

With economic forecasts improving and monetary and fiscal policy tightening in other industrialized nations, the Australian dollar may be losing some of... (source: Daily FX)

British Pound Tumbles as the Outlook for a Robust UK Recovery Fades (source: Daily FX)
September 24, 2009 at 8:14 pm

While the broader market was generally more volatile today, it was the British pound that would take the title of top mover. Commentary and speculation... (source: Daily FX)

Euro Finds Little Support from Germany's First Steps towards a Stimulus Exit, Rising Business Confidence (source: Daily FX)
September 24, 2009 at 8:13 pm

It seems that the G20 meeting has inspired some nations to announce the initial steps to an exit strategy. Before the Federal Reserve announced the reductions... (source: Daily FX)

US Dollar Rallies as the Fed Takes another Step in the Hawkish Direction (source: Daily FX)
September 24, 2009 at 8:10 pm

. US Dollar Rallies as the Fed Takes another Step in the Hawkish Direction . British Pound Tumbles as the Outlook for a Robust UK Recovery Fades . Euro... (source: Daily FX)

Risk Appetite Takes Multiple Hits & USD Gains (source: ACM Newsletter)
September 24, 2009 at 8:00 pm

Markets are still digesting yesterday's rapid fire moves and their implications for longer term direction. It was the sterling sell-off that really sparked the FX markets, caused by BoE's King stating that ''weaker sterling helping necessary rebalancing of... (source: ACM Newsletter)



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