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Forex Trading |
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
A Risk-Off Day Yesterday In Line With Yuan Direction
Currencies were left predominantly range-bound overnight though with a general air of risk aversion. EUR traded sub-1.23 for most of the session, pressed initially by S&P comments that Spain would require additional measures to meet fiscal targets....
2010-06-23 04:03:50
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
Canada's Annual Inflation Rate Slid to1.4% in May; Bank of Canada's Core at 1.8%
The consumer price report showed that the headline inflation index rose 0.3% in May, beating expectations for an increase of 0.2%. The year-over-year rate eased to 1.4% from 1.8% in April because this year’s monthly increase fell short of last...
2010-06-23 04:03:10
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
Sterling Gains On UK Budget
On Tuesday, the reversal of the risk trade on global markets filtered also through into the currency markets as EUR/USD and USD/JPY drifted lower. However, the losses were not excessive and no important technical levels were hit. Sterling gained on the...
2010-06-23 04:02:27
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
New Home Sales To Disappoint While Fed Funds Rate Will Be Kept Unchanged
New Home Sales are expected to tank today as evidenced by the consensus call for an 18.7% decline MoM. Unlike existing home sales (if pending in April), purchasers of new homes in May are not eligible for the tax credit. Source:New Home Sales To...
2010-06-23 04:01:46
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
The U.S. Session Trader's Daily Forex Question
The U.S. session, trader’s daily 09:45 EDT question; “Oh dear, do we now want to take a U.S. based trade and run the risk of a price move stranding things with no momentum, as 80% of U.S. sessions do?” The law of probability says that U.
2010-06-23 04:00:04
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
China Reintroduces Currency Flexibility
In July 2005, Chinese officials decided to allow some flexibility in the exchange value of the renminbi, and it subsequently strengthened 21 percent against the U.S. dollar over the next three years (Figure 1). However, as uncertainty about global...
2010-06-22 04:00:30
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
UK's Emergency Budget Meeting
Today, all the focus is set towards the United Kingdom emergency budget meeting as markets wait for Chancellor of the Exchequer George Osborne unveiling the biggest budget cut in a generation. Also the euro zone is scheduled to release current...
2010-06-22 04:00:03
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
China Revaluation Talks Buoying markets
U.S. Dollar Trading (USD) ended the week little loved with most pairs remaining at week highs against the greenback. With little data out, the markets turned to US Equities which finished at month highs. Risk appetite was further boosted over the...
2010-06-21 04:00:51
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
China Pledges To Make The Yuan More Flexible
China announcing a change in its yuan policy is also the main factor for currency trading this morning. In theory, this decision should be negative for the dollar and positive for currencies of other surplus countries in Asia. However, this morning,...
2010-06-21 04:00:29
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
Waiting for Reality to Return
The risk rally continues, and curiously, so too does the rally in gold, which now seems to go up regardless of the environment, whereas before it tended to dip when market sentiment turned positive. Gold, in fact, is touching a new all-time high. A...
2010-06-21 04:00:04
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
Markets In Lateral Trading – Euro Correction Eases
Asia Pacific markets were mixed after US equities were able to close marginally higher in spite of a disappointing weekly jobless claims report. The Shanghai SE composite posted a loss of 1.8%, while the Hang Seng index and S&P/ASX 200 index closed...
2010-06-20 04:00:36
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
Euro: Continuing to Recover Despite Credit Fears
It is remarkable that the euro gained ground in the first half of the week against a backdrop of widening credit spreads on southern European countries’ sovereign bonds. On Wednesday, the difference in yield between 10-year Spanish Bonos and...
2010-06-20 04:00:03
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
Euro Eases at the End of a Strong Week
It’s probably insufficient to state that Eurozone sovereign debt issues are stepping into the background. Most people seem to be still of the opinion that rAllies in the euro are for selling, although I for one still need to be convinced that...
2010-06-19 04:00:52
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
FX Strategy Weekly: GBP/USD at a Crossroads
GBP/USD has recently been flirting with a return to the 1.4784- 1.55 trading range observed between February and May. An improved technical picture and a rebound in correlations with equities and broader commodities from the early June lows suggest...
2010-06-19 04:00:31
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
Spanish Auction Assists Risk Appetite
With a heavy world cup line up for today a nearly empty global economic calendar, FX prices will be contented to head into the weekend safely within their current ranges. Risk appetite received a boost as Spanish auction of 10y and 30y debt went off...
2010-06-19 04:00:04
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
The Release Of The Stress Tests On European Banks Could Spur Short Term Rally
While we did peek below the 200DMA in S&P500 yesterday, we closed above once again and we still target the 1150 level and expect it to be reached within a month. Following the central bank of Spain’s decision to publish the results of the...
2010-06-18 04:01:10
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
USD Slips, Strong Demand For Spanish Bonds
U.S. Dollar Trading (USD) lost considerable ground against a number of currencies as data disappointed on Thursday. The Philly Fed Manufacturing index was well below forecasts of 21.1 to read at 8.0. In other data news, weekly jobless claims rose by 12K...
2010-06-18 04:00:50
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
U.S. Fights Global Hangover: Getting Drunk in the Process?
To understand how the ongoing global credit crisis may evolve, let’s look at some cultural and structural considerations. Last decade, despite being told that there may be no money to fund retirement, American consumers ramped up vast amounts of...
2010-06-18 04:00:26
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
Notes Skyrocket on Philly Fed Survey Weakness
Bond prices around the world are looking a little perkier today following a Spanish auction that allayed earlier fears that the nation would struggle to repay forthcoming redemptions. Meanwhile some soft inflation data in the U.S., signs of a hesitant...
2010-06-18 04:00:03
Posted an entry on Forex Trading | Stock Trading | ETF Trading | Financial Education
Bond Risk Aversion Rally Fades
Some temperate U.S. data and pressure on Spanish and Portuguese bond prices today helped return bonds to the black for the first time in three days, with yields just inching lower. Investors grew nervous over the implications for growth from spending...
2010-06-17 04:00:27
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