One of the most difficult weeks to trade Forex is the week of Christmas. This is because most of the professional traders out there simply will not be at work, so the liquidity gets to be very thin. Generally, this extends all the way to about the end of the first week of January, when […]
Read Some MoreOver the course of the last several months, the world has simply been waiting for the Japanese yen to fall apart. There have been several false rallies in that time period, and many traders out there have gotten burnt shorting the Japanese yen recently. Despite this, there are signs that we may finally be ready […]
Read Some MoreOver the course of the last several sessions, we have seen quite a bit of back-and-forth volatility in the Forex markets as the so-called “fiscal cliff” talks continue to worry most traders out there. The truth is that the stock markets have been able to ignore a lot of this noise, but the Forex markets […]
Read Some MoreUnfortunately, we cannot write about the upcoming week in the FX markets without mentioning the US “fiscal cliff” drama again. With this being said, there is a high probability that we will get headlines during the week that will push the markets around back and forth. We are simply going to be stuck in a […]
Read Some MoreOver the past week, we have seen economic numbers coming out of Europe that are slightly better than anticipated. We have had French/Manufacturing PMI come out better than expected, the German ISO business climate numbers come out much better than expected, as well as many supportive comments coming out of the EU economic summit. Because […]
Read Some MoreOn Friday, we saw a news conference that various congressional leaders gave in the United States suggesting that perhaps there was some type of hope for a bipartisan agreement after all. The fiscal cliff discussions have been one of the most widely followed issues in the United States recently, and as a result a lot […]
Read Some MoreThe Euro fell 118 pips versus the dollar last week on renewed fears about Europe’s handling of the Debt Crisis. The week started with a slew of negative Spanish data, tax receipts through August fell by 4.6% but government spending rose by 8.9%. Spain had a budget deficit of 4.77% of GDP in this year’s […]
Read Some MoreThe Euro fell 140 pips against the dollar last week as the rally post-QEX, the Fed’s latest easing effort, failed to continue. Risk assets in general were also put on the defensive, Oil fell over 6$, closing the week at 93.05. Gold closed the week almost unchanged, up only 2$ to 1,772. The Euro Stoxx […]
Read Some MoreThe Euro closed the week 319 pips higher against the dollar and 268 higher against the Japanese Yen on the back of the Fed’s decision to launch QEX. Since this was the most important news event of the past week and markets didn’t move much until the FOMC’s decision on Thursday, we’ll focus this article […]
Read Some MoreLast week in the forex market was all about the ECB. On September 6, the new ECB bond buying program was supposed to be unveiled. But since secrecy seems to be non-existent in Europe’s politics we got the plan leaked early just like it happened countless times before. On September 5 the ECB sent the […]
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