USD/JPY Spike Raises Questions about Possible BOJ Intervention
November 1, 2010 5:22 am by Greg HoldenThis week is expected to be heavy with economic news and traders will want to stay tuned with the rumblings taking place in the US and Japan over further currency interventions. Early this morning, the currencies from both countries experienced ...
USD/CAD Approaching 6-Month Low
October 14, 2010 11:56 am by Greg HoldenThe US dollar has continued to plummet against most of its currency rivals this past week, with some now saying that a round of quantitative easing has already been priced in by speculators. The Canadian dollar has also been falling ...
Is a Currency War Looming?
October 6, 2010 7:46 am by Natalie R.The Bank of Japan surprised the financial markets Tuesday by announcing a 35 trillion yen ($418 billion) monetary easing program as well as stating it would cut its key overnight call rate to a range of 0.0%-0.1% for the foreseeable ...
EUR Higher on Optimistic Chinese Growth Forecast
September 13, 2010 9:16 am by Dan EduardAfter closing last week on a high note, riskier currencies like the euro and Canadian dollar continued to make gains in overnight trading. Analysts attribute this to recent Chinese economic expansion which has renewed some confidence in the global economic ...
Will the Bank of Japan Intervene in the Currency Market?
September 7, 2010 4:56 am by Greg HoldenThe US dollar’s resurgence in today’s early morning hours has led to a number of significant support levels on USD crosses being tested. The EUR/USD pair has dipped towards the 1.2790 support line, while the GBP/USD hit 1.5350 and seems ...
EUR/CAD Consolidating towards 1.3700
September 2, 2010 8:31 am by Greg HoldenThe euro has been regaining its composure against its smaller North American counterpart due to recently boosted risk appetite. The Canadian dollar, to the contrary, has been under pressure lately due to a decline in crude oil futures as well ...
EUR and GBP Boosted due to Higher Risk Appetite
September 2, 2010 7:52 am by Dan EduardUpbeat US data gave riskier currencies a rare boost yesterday, as investor confidence in the global economic recovery went up. A batch of new data today will largely determine whether the currencies like the euro and UK pound will be ...
Platinum Flag Formation Foreshadows Sharp Drop
August 26, 2010 8:43 am by Greg HoldenI’m going to make a prediction here, then explain why I assume this. My prediction is this: Platinum prices are currently testing the lower boundary of a flat channel and, due to a number of factors which will be explained, ...
Forex News: Will GBP Gain on Slowing Retail Sales Growth?
August 19, 2010 7:31 am by Dan EduardFollowing yesterday's gains made by the US dollar against its main currency rivals, today may provide the greenback with another opportunity to extend its bullish trend.
Norway Holds Interest Rates Steady; NOK Sees Muted Gains
August 17, 2010 12:22 pm by Greg HoldenNorway’s central bank decided to leave interest rates unchanged last week, a decision which was broadly anticipated. Comments from Norges Bank Governor Svein Gjedrem seem to suggest that Norway’s economic growth and inflationary figures are on track with what they ...
