The Forex markets this past week behaved erratically to say the least, because as per usual we would gotten the quiet trading in the middle of the week out of the way before a nonfarm payroll Friday announcement. However, since the US government is still in shutdown mode, there was no actual announcement. For this […]
Read Some MoreIt’s all about the Yen…..again. Forex markets had a very volatile week once again, but by the time we finished on Friday we had some clarity in at least the Yen pairs. This is mainly because of the G20 statement that suggested the Japanese were doing the right thing by aggressively easing their monetary policy, […]
Read Some MoreThe Forex markets spent most of the previous week dealing with the fears of a Cypriot banking implosion. The week saw several attempts at fixing the situation, and headlines pushed the markets back and forth. Nowhere was this more obvious than in the EUR/USD pair. The 1.30 level has acted like a magnet, and as […]
Read Some MoreThe Forex markets had a wild time as the Dollar continued to climb in value for most of the week. This trend was however broken towards the end the of week. During the session on Friday, we saw yet another reversal towards the end of the day. The most volatile pair was the GBP/USD pair, […]
Read Some MoreLast week, we had suggested that the US dollar was set to gain in strength, and over the last week – we think this has come to pass. The most obvious example of US dominance in the markets at the moment is the fact that the Dow Jones Industrial Average is now at all-time highs. […]
Read Some MoreLooking at the upcoming week, it doesn’t take much to imagine that there will be some volatility. After all, we’ve seen the markets move quite rapidly in both directions, as we go from a “risk on” to a “risk off” type of environment. One of the biggest problems that we have going right now as […]
Read Some MoreThe past week in Forex was an interesting one, featuring a lot of moving parts as usual. The Japanese Yen continued to get pummeled, and the Pound joined the ranks of walking dead towards the end of the week. In fact, the GBP/USD pair is looking very interesting after a serious fall on Friday, as […]
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 […]
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