Euro Declines at Technical Level after Current Account Data
May 20, 2011 1:29 pm by Russell GlaserEU current account data combined with the EUR/USD reaching a key technical level led to the euro being sold during Friday’s European trading session.
Bank of Japan Interest Rate Decision
May 19, 2011 8:21 pm by Russell GlaserThe dollar traded lower during the New York trading session but still within defined price ranges as markets look for a new catalyst to continue the bullish run in the dollar. Later this evening the Bank of Japan will release ...
Major Currencies Stable as Markets Await Further Developments.
May 16, 2011 12:42 pm by Russell GlaserThe euro came off its overnight lows but failed to move above a previous resistance/support level. Traders this afternoon will be looking for a spark in US manufacturing data after a quiet European trading session has kept the majors in ...
European Inflation Data to Underscore Current Tightening Cycle
May 16, 2011 7:24 am by Russell GlaserToday’s release of European inflation data is expected to show continued price pressures in the EU and may force the ECB to raise interest rates in the July meeting. While this may be a positive for the euro, technical signals ...
German GDP Supports Euro while Sterling Struggles
May 13, 2011 1:12 pm by Russell GlaserOn the back of stronger than expected German GDP data the euro found support as did commodities and European Equities prior to the US CPI release.
Dollar Correction Continues to Build Strength with Declines in Silver
May 12, 2011 1:48 pm by Russell GlaserThe rally in the dollar continues to build on last week’s gains as silver prices have fallen below last week’s low in line with gold and crude oil prices. The sell-off in commodities and global equities has helped to strengthen ...
EUR/USD Back to 1.42 as Greek Debt Woes Resurface
May 11, 2011 6:19 pm by Greg HoldenThe oft-traded EUR/USD has fallen sharply back towards 1.42 during today’s American market sessions after investors expressed concern that euro zone policy makers would not be able to respond rapidly enough to debt concerns in Greece and Portugal.
European Investor Confidence Drops, Should We Be Surprised?
May 9, 2011 6:41 pm by Greg HoldenThis morning’s release of the Sentix Investor Confidence report out of the euro zone showed a wide gap emerging between this month’s expectations and today’s actual results. But should forex traders really be surprised by such a downturn? Perhaps, yes.
Commodities Move Sharply Lower on Euro Decline
May 5, 2011 8:53 pm by Russell GlaserThe euro is in a free fall versus the dollar following a speech by ECB President that was absent of the typical wording to prepare markets for an interest rate hike. The pause in ECB tightening fed into risk aversion ...
US Economy adds only 179K Jobs, According to ADP
May 4, 2011 4:34 pm by Greg HoldenAutomatic Data Processing Inc. (ADP) published its non-farm employment change estimate today, showing an expectation of approximately 179,000 new jobs being added to the American private sector in April. The news stunted the US dollar’s mild gains in today’s trading, ...
