Fed Meeting Minutes to Show Dovish Policy Stance
November 22, 2011 10:13 am by Russell GlaserToday’s economic calendar will be highlighted by the release of the FOMC meeting minutes which are likely to show the Fed stands ready to act should inflation expectations continue to decline.
USD is Bid to Begin this Week’s FX Trading
November 21, 2011 12:43 pm by Russell GlaserThe USD is up prior to the North American trading session despite a failure of the US super committee to come to an agreement. Pressure remains in the euro zone as Moody’s said France’s credit rating could be downgraded. With ...
FX Weekly Technical Analysis – USD/CHF May Rise Back to Long Term Trend Line
November 21, 2011 10:06 am by Russell GlaserThe USD continues to strengthen and shows little signs of slowing in this risk off environment.
USD/JPY Breaking Below Support
November 18, 2011 8:17 am by Russell GlaserThe JPY is moving early this morning following a bout of USD weakness. With the USD/JPY breaking below the 76.80 support level there is little support remaining on the charts to stand in the way of the pair’s all-time low. ...
Watching Spanish and French Bond Auctions
November 17, 2011 8:16 am by Russell GlaserIn a sign of market stress European bond yields continue to rise with the spread between German and French 10-year bonds climbing to an EMU high of 195 bp. This has kept pressure on the EUR with the EUR/USD making ...
EUR Rebound Short-lived
November 16, 2011 12:40 pm by Russell GlaserAn early morning rebound in both the EUR and Italian bonds were short lived while the BoE preps for additional quantitative easing with its latest inflation report.
Look Out for Greek Confidence Vote
November 16, 2011 9:05 am by Russell GlaserThis morning the EUR/USD slipped below the key 1.35 level versus the USD before finding some buying interest at technical levels. Today has a large amount of data releases on the economic calendar but the political issues should not ...
Surprise Q3 GDP from Germany and France but EUR Sinks
November 15, 2011 11:10 am by Russell GlaserEuro zone economic data out this morning shows the French and German economies performed in-line or better than consensus forecasts. However, traders need to remember that the data is not forward looking and is most likely already included in the ...
Busy Economic Calendar for Forex Trading
November 15, 2011 8:00 am by Russell GlaserToday forex traders should be focusing on the economic calendar. We have already seen better French Q3 GDP results but the forward looking German ZEW Economic Sentiment will likely attract much of the attention in today’s European trading session. ...
USD Stronger to Begin the Week
November 14, 2011 12:18 pm by Russell GlaserThe USD was up against the majors to begin the week, reversing the greenback’s late Friday losses which occurred in a market with low liquidity. A bond auction by Italy drew decent demand. However, the financially pressured nation is paying ...
