Dollar Declining as FX Markets Look Past Greek Debt Crisis
May 30, 2011 12:54 pm by Russell GlaserGreece remains the key question going forward though towards the end of last week the debt crisis was beginning to weaken its impact on the FX markets and the euro.
Kiwi Hits 3-Year High Versus US Dollar
May 30, 2011 10:36 am by Russell GlaserOvernight the New Zealand dollar reached its highest level versus the US dollar since February 2008 on the strength of significantly better than forecasted trade balance data as the Kiwi builds on gains from last week.
Euro Gains on Chinese Interest while Gold Falls $10
May 26, 2011 1:22 pm by Russell GlaserThe FX markets have calmed following the sharp price moves seen in the Asian session as traders await US economic data later. The euro and equities are higher spurred by Chinese interest in Portuguese bailout debt and dollar block currencies. ...
FX Technical Analysis – AUD/NZD – More Downward Pressure
May 26, 2011 9:22 am by Russell GlaserFollowing today’s sharp appreciation ofthe New Zealand dollar the AUD/NZD made a breach below a key support level.
Weekly Fundamental Forex Preview – European Debt Crisis Comes to Head
May 20, 2011 3:56 pm by Russell GlaserWeekend risk is back on the table as Spain returns to the headlines.
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 ...
ECB Resists Greek Debt Restructuring
May 19, 2011 6:37 pm by Russell GlaserLines are being drawn in the fight over how to handle the Greek fiscal crisis. The ECB and Greece are wrangling over a potential restructuring of Greek debt or an increase of financial aid to the country in return for ...
UK Unemployment Claims Unexpectedly Rise as Sterling Slides versus the Euro
May 18, 2011 11:05 am by Russell GlaserSterling is lower after an unexpected jump in UK unemployment claims while the unemployment rate surprisingly declined. As expected, meeting minutes from the Bank of England’s latest policy meeting showed the MPC is determined to hold interest rates at ultra-low ...
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 ...
