The FX markets were relatively calm during the previous five sessions, as the markets are essentially focusing on one thing: The Federal Reserve’s next move. The markets have recently priced in the idea of a taper off (gradual withdrawal) of the quantitative easing program in September, but since then we have seen a couple of […]
Read Some MoreThe past week handed us a bit of surprise when the Federal Reserve released its minutes from the last meeting. It suggested that several of the members on the committee were concerned about unemployment numbers in the United States, and that perhaps waiting until they came down to taper off quantitative easing was the correct […]
Read Some MoreThe Forex markets continued with in the same vein over the last several weeks in these past five sessions. Namely, the US Dollar continues to show massive amounts of strength, and is breaking out against again, the Canadian dollar, the British pound, the Australian dollar, and many other currencies globally. This would’ve been pushed into […]
Read Some MoreNow you see it. Now you don’t. This past week the markets saw a lot of back and forth movement, finally making its mind up and handing us a continuation of the weakness in the XXX/JPY pairs across the board. Many of the weekly charts look very negative for the Yen, which of course will […]
Read Some MoreDuring the previous week in the Forex markets, we received quite a jolt from the Federal Reserve as they stated on Wednesday that the central bank would be pulling back from buying bonds as early as the fourth quarter this year, and if current projections continue with the United States and its economy, could be […]
Read Some MoreThe Yen The Forex markets have been very volatile again as the jitters over whether or not the Federal Reserve is going to cut back on quantitative easing continues to make traders very hesitant to hang onto a trade any longer than a few hours. With that being said, the one pair that truly has […]
Read Some MoreNon-Farm Payroll for May The non-farm payroll number came out on Friday, and essentially was right in the middle of all estimates. The United States added 175,000 jobs during the month of May, and of course this was basically in line with the anticipated 167,000 jobs. When you factor in the revisions downward for the […]
Read Some MoreThis week could be a real dogfight. This past week in Forex was a bit choppy, but in general it looks that the upcoming week will be much more interesting than this last one. The market saw a lot of the Yen related pairs sell off late in the week. The EUR/JPY and USD/JPY pairs […]
Read Some MoreThe Forex markets spent most of the last week trying to frustrate as many traders as possible. The Yen-related pairs all pulled back, mainly on concerns out of China as the HSBC PMI number came out at just under 50, signalling a slight contraction in Chinese manufacturing. The idea is that the Chinese are starting […]
Read Some MoreThe Forex markets had an interesting week over the last five sessions, as we saw the Yen lose value yet again. That being the case, it looks like the Bank of Japan should continue to have the upper hand when it comes to the valuation of the currency. As you probably know by now, the […]
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