Bullish Correction Expected for the AUD
October 29, 2010 9:41 am by Natalie R.Following a sharp decline over the past few days, the AUD seems to be headed for a bullish correction. Forex traders are advised to take advantage of this knowledge by going long on AUD/NZD now, and at a great entry ...
European Woes Weigh on Euro
September 8, 2010 5:39 am by Russell GlaserA stack of negative fundamentals rose to the surface in unison to pressure the euro; Irish fiscal woes, a drop in German manufacturing data, and European banking system concerns.
News Heavy Day to Drive Today’s Forex Trading
August 17, 2010 5:25 am by Russell GlaserYesterday’s trading was influnced by the release of disappointing Japanese Q2 GDP data, highlighting concerns of a choppy global economic recovery. More significant data is due out today both from the U.S. and Europe that will set the tone for ...
Forex News: Will Riskier Assets Stay on Top Today?
August 2, 2010 8:59 am by Natalie R.As we start off the week, risk taking seems to be the predominant sentiment in the marketplace. Both the EURand U.K. Pound are making gains on the U.S. Dollar and Yen. Today, traders will want to pay attention to a ...
Disappointing Macro Overshadowed Good Corporate Earnings
July 29, 2010 10:53 am by Natalie R.Yesterday's trading ended flat for the EUR/USD pair but volatility was high. Traders moved from selling the EUR before European session started, to buying the EUR before U.S. trading session started and eventually the pair finished near the day opening ...
Dollar Recovers after Initial Reaction to EU Bailout Package
May 11, 2010 8:50 am by Natalie R.The EUR initially reacted positively to the release of the EU bailout package for Greece. But as the day wore on, the EUR’s gains eroded and the Dollar strengthened against most of the currencies. This type of reaction in the ...
Markets Await BoJ Statement Release
January 26, 2010 10:56 am by Natalie R.The market awaits the release of the Japanese interest rate decision. We could see a decline in the yen during today's trading as the BoJ is expected to hold interest rates steady, but could increase its programs of either emergency ...
Scandinavian Kroner Set for Downward Correction vs. EUR?
January 12, 2010 10:53 am by Greg HoldenThe Norwegian Krone has continued its bull run against the Euro. Hitting fresh multi-week highs against the 16-nation currency, the NOK currently trades near 8.1550 versus the EUR. While the US Dollar made hefty gains versus the NOK in recent ...
CB Consumer Confidence on Tap
December 29, 2009 8:23 am by Dan EduardSlow holiday trading today may be punctuated by several news events out of Europe and America. These events could create volatility in an otherwise dull market.
