Interest Rate Decisions Today – Market Moving Events!
August 6, 2009 8:22 am by Natalie R.Traders should be ready for capturing fast profits today from the interest rate policy statements coming from the Bank of England (BOE) and European Central Bank (ECB) today at 11:00 and 11:45 GMT, respectively. These announcements always move the market ...
US Durable Goods Orders on Tap
July 29, 2009 3:25 pm by Natalie R.After a modest return to risk aversion yesterday following a disappointing Consumer Confidence report, it will be interesting to follow today whether or not this trend will continue. Several indicators due to be released today are likely to influence this ...
USD and Gold Today’s Leading Trades!
July 15, 2009 8:52 am by Anton EljwizatThere are several important events coming out of the U.S. and Europe today, including the U.S Core CPI and FOMC Meeting Minutes. These events always provide for extreme market volatility in the major currency pairs. Traders may find good opportunities ...
Scandinavian Countries Positioned for Currency Rebound
July 14, 2009 1:58 pm by Greg HoldenNews in Sweden has recently added the possibility of a rise in consumer confidence as the Riksbank has extended its 50 billion SEK bailout program by an additional 6 months in order to ease lending throughout the country. The program ...
Returning Carry Trade? Unlikely
July 14, 2009 1:51 pm by Natalie R.With perpetually low interest rates, carry trade plays a big part in Japan’s exchange rate. Carry trading is a strategy in which an investor sells a certain currency with a relatively low interest rate, typically the JPY and currently also ...
US Retail Sales Report on Tap
July 14, 2009 12:51 pm by Natalie R.On Tuesday the US Commerce Department will report retail sales for June, and traders are looking for a gain of 0.5%, matching the prior month's result. Retail sales in the U.S. probably rose for the 2nd straight month as price ...
Risk Aversion Pushed Scandinavian Currencies Down, but will it Last?
July 7, 2009 8:55 am by Greg HoldenFollowing Thursday's surprise announcement to cut Swedish interest rates to 0.25%, the SEK dropped moderately against the USD and EUR. The USD/SEK pair rose from 7.5440 to as high as 7.8733. Helping to push the value of the SEK lower ...
Economic Recovery on the Way, but Slowly
June 18, 2009 6:31 pm by Greg HoldenLooking over the forex markets today, following the opening bell in the US, my attention was brought to a few important indications which may generate some optimism for traders in the coming days. First and foremost were two reports from ...
Positive ZEW Economic Expectation Boost the EUR
May 20, 2009 3:03 pm by Greg HoldenThe EUR experienced a bullish day of trading yesterday, mainly due to the German ZEW Economic Expectation figures. The ZEW indicator jumped to 31.1 in May from 13.0 in April, above economist estimates of a 20.0 reading. This suggests that ...
