Forex News Hub / Published Trading News

The Sterling goes below $1.60 against the Dollar as UK manufacturing come out we

Thu, 09 Jul 2009 15:00:14 PDT

The Sterling goes below $1.60 against the Dollar as UK manufacturing come out we

3 Vote(s)

Is The Bottom In For Lean Hogs?

Thu, 09 Jul 2009 15:00:12 PDT

Over the last few months, lean hog prices have gone to slaughter: Up until late June, the market was hovering near its lowest level in six years. But now, after the tidal wave of selling, many mainstream experts suggest the end of hogs downtrend is

3 Vote(s)

USD Lower, China Calls for Reform of Reserve Currencies

Thu, 09 Jul 2009 14:00:20 PDT

USD and JPY traded lower pressured by an up tick in risk appetite as equity markets rally in reaction to report that the IMF sees the global recession ending. FX markets are closely tracking equities and risk sentiment. The reaction to the IMF repor

4 Vote(s)

Stocks Rise As Slight Optimism Dominates after Claims, Earnings Top Estimates!

Thu, 09 Jul 2009 14:00:19 PDT

Stock markets rose yesterday despite worries over the outlook for global growth, and today investors were encouraged by better earnings reported from Alcoa Inc and accordingly stock markets extended the rally especially as data from the labor sector

4 Vote(s)

GBP Surges as BoE Unchanged

Thu, 09 Jul 2009 14:00:18 PDT

The dollar lost ground against the euro and the sterling, relinquishing its gain from the previous session to fall to 1.4071 and 1.6379, respectively. The data released earlier included weekly jobless claims, wholesale sales and wholesale inventorie

3 Vote(s)

Forex Wrapup 07.09.09

Thu, 09 Jul 2009 14:00:13 PDT

3 Vote(s)

GBPJPY at Resistance

Thu, 09 Jul 2009 10:00:12 PDT

A resistance line that touches 3 highs (4 including today's high) since 7/2 along with the 151.00-152.40 congestion zone may provide resistance to further...

3 Vote(s)

Gold climbs as the Dollar weakens slightly and Asia buys into the metal

Thu, 09 Jul 2009 09:00:28 PDT

Gold climbs as the Dollar weakens slightly and Asia buys into the metal

4 Vote(s)

DailyFX Analysts Stubbornly Bet Against the Euro in June, Where Do They Stand Now?

Thu, 09 Jul 2009 09:00:06 PDT

DailyFX analysts were undeterred by the bullish Euro sentiment in May and stuck with their bearish bias. Although, we saw profit potential to start the...

3 Vote(s)

Can Germany Salvage the Euro Zone?

Thu, 09 Jul 2009 08:00:17 PDT

The European economy is still suffering from a deep recession, since the second quarter last year, and the severity of the recession increased in the first quarter of the current year. The massive contraction that hit the economy, directly impacted

4 Vote(s)

JPY Volatility Goes Haywire on China Rumors and US Bond Strength

Thu, 09 Jul 2009 08:00:16 PDT

The action yesterday was all about the Japanese Yen, as extensions in the moves of JPY-supportive background factors (weak commodities, equities and strong bonds) and a couple of specific news items conspired to create a dam break. EURJPY was down t

3 Vote(s)

ECB Looks for Growth To Return In 2010

Thu, 09 Jul 2009 07:00:09 PDT

3 Vote(s)

EUR/USD Tips Higher in European Trade Following the ECB Monthly Report

Thu, 09 Jul 2009 03:00:16 PDT

ECB monthly report repeats that interest rates are appropriate. The editorial of the July report is as usualy a close repeat of president Trichet's introductory...

3 Vote(s)

Cable Holds Ground Ahead of BoE Rate Decision

Thu, 09 Jul 2009 03:00:15 PDT

Cable rebounded after Wednesday's losses and traded up to 1.6170 versus trend lows of 1.5982. The fall out in Cable was exacerbated by heavy long liquidation...

3 Vote(s)

Alcoa Results To Drive Equities

Thu, 09 Jul 2009 02:00:31 PDT

Alcoa Inc. announced its Q2 results in the aftermarket and they were better than anticipated by the analysts. EPS came out at -0.26 vs. -0.38 expected and -0.54 in Q1. Equities stand to gain as the results will most likely calm investors down regard

4 Vote(s)

Unemployment In Australia Reaches Its Highest In 6 Years While South Korea Held Rates Steady

Thu, 09 Jul 2009 02:00:30 PDT

As companies continue laying off their employers, the unemployment rate in Australia reached its highest in 6 years rising to 5.8% in June after reaching to 5.7% in May, however better than the expected 5.9% proving that the deterioration of the eco

4 Vote(s)

The Sterling Goes Below $1.60 Against The Dollar

Thu, 09 Jul 2009 02:00:25 PDT

The Pound extended its losing streak on Wednesday against the greenback after weak UK manufacturing output data the previous day further undermined optimism that the economy may be recovering. Disregarding figures on Wednesday showing a rise in Brit

3 Vote(s)

German Trade Surplus Unexpectedly Widens in May, Final CPI Reading Holds Steady

Thu, 09 Jul 2009 01:00:12 PDT

German final June CPI was confirmed at 0.4% m/m and 0.1% y/y, as expected. The breakdown, which was available for the first time, showed that the monthly...

3 Vote(s)

Yen Posts Huge Gains On Risk Aversion

Wed, 08 Jul 2009 20:00:22 PDT

We start today's broadcast off the bat with a look at the Yen, which saw very strong gains against its rivals in NY trading. The Dollar-Yen pair for example, which was sliding overnight to important support at the 94 level. However, as US stocks fel

4 Vote(s)

Tempered Fundamentals and Clear Technicals Highlight a Clear USDCHF Range

Wed, 08 Jul 2009 15:00:16 PDT

The breakwater has finally given way for the yen crosses. Such a move should encourage all range traders to pause and consider whether this was just a...

3 Vote(s)

IMF Expects the U.S. Economy to Contract by 1.4 Percent in 2009

Wed, 08 Jul 2009 14:00:13 PDT

Stock markets in the United States dropped yesterday as investors are worried over the outlook for companies' earnings, as the ongoing recession continue to weigh down on companies' profits, while investors believe that the recent rally in stock mar

4 Vote(s)

JPY Extends Gains as Equity Markets and Oil Prices Slide

Wed, 08 Jul 2009 14:00:12 PDT

USD traded in a similar pattern to Tuesday's trade initially supported by rising risk aversion and uncertainty about global recovery with upside limited by report of much stronger than expected German industrial output. Global recovery hope has fade

3 Vote(s)

Dollar, Japanese Yen Driven Higher By Risk-Aversion

Wed, 08 Jul 2009 14:00:11 PDT

Overall, the major currencies traded side-ways during the Asian and the European sessions, but posted strong declines compared to the dollar during the U.S. trading hours. Most of the declines came ahead of the earnings season, as some investors exp

4 Vote(s)

USDJPY Break and Implications

Wed, 08 Jul 2009 14:00:07 PDT

Today's break below 93.50 negates the competing bullish triangle count. The break is significant because it leaves us with a strong bearish count (series...

3 Vote(s)

Gold falls as the Dollar gains strengthen and inflation is steady

Wed, 08 Jul 2009 09:00:21 PDT

Gold falls as the Dollar gains strengthen and inflation is steady

4 Vote(s)

Chancellor of the Exchequer Alistair Darling Gives FSA and BoE More Power

Wed, 08 Jul 2009 08:00:26 PDT

Chancellor of the Exchequer Alistair Darling today ahead of the Parliament stating that he wants stricter rules for the financial system in the United Kingdom that is dealing with the worst financial crisis since the Great Depression. The rules woul

4 Vote(s)

The Trend of the Day - EUR/AUD

Wed, 08 Jul 2009 06:00:14 PDT

With the majors indecisive and in disarray after the U.S. Independence holiday and a G-8 Finance meeting in Italy, I have to look to the cross rates to...

3 Vote(s)

Euro Looking To Regain Footing On Largest German Industrial Production Gain in 16 Years

Wed, 08 Jul 2009 04:00:11 PDT

The Euro found brief support after it fell over 200 pips to 1.3857 on bullish comments from ECB member Gonzalez-Paramo and a stronger than expected May...

3 Vote(s)

Earnings Expectations Too Optimistic?

Wed, 08 Jul 2009 02:00:24 PDT

GBP went down yesterday against most other large currencies, and we wonder if the momentum of the UK stimulus is already wearing off. The cable is a sell into rallies today.

4 Vote(s)

Japan Remain Weak Despite Some Improvement In The Economic Outlook

Wed, 08 Jul 2009 02:00:23 PDT

Japan captured the attention today by releasing many economic data that proved the second largest economy in the world remains weak despite some signs of recovery, as the total current account surplus shrank in May to 1301.8 billion yens from the pr

4 Vote(s)

Risk Aversion to Lead Currencies in European Trade

Wed, 08 Jul 2009 02:00:11 PDT

The USD and JPY maintained a firmer tone during the Asian session as risk aversion led price action. This theme looks set to continue in the European morning,...

3 Vote(s)

Euro, British Pound Pressured as Stock Losses Boost Demand for US Dollar (Euro Open)

Wed, 08 Jul 2009 00:00:22 PDT

The Euro tested below 1.39 while the British Pound sank to as low as 1.6063 in overnight trading as stocks fell for the sixth consecutive day on Asian...

3 Vote(s)

U.S. Dollar, Japanese Yen Hold Ground as Risk Appetite Falters

Wed, 08 Jul 2009 00:00:22 PDT

The dollar and JPY continued to post gains in Asian trading as risk aversion dominated with the Nikkei falling over 2% and other Asian stock markets broadly...

3 Vote(s)

Post of the Day: Triple Tops

Tue, 07 Jul 2009 22:00:19 PDT

Student's Question: We hear about double tops and bottoms. I know I have seen triple tops and bottoms on the charts. Is there any special significance...

3 Vote(s)

British Pound Cross Tumble Lower as Growth Prospects Falter

Tue, 07 Jul 2009 22:00:18 PDT

Cable extended losses in Asian trading, falling through the lows of July 6th of 1.6097 and triggering stops to trade to 1.6063. Bounces have been limited...

3 Vote(s)

The Implication Of The IMF Bonds And Their Aftermaths

Tue, 07 Jul 2009 20:00:16 PDT

Extensive reports had been written recently period that the IMF is preparing to have its first bond issue in order to raise as much as $500 billion to help the emerging economies avoid a collapse. The amount of money that the IMF intends to raise ca

3 Vote(s)

Overnight Risk Appetite Reversed As Stocks Slide In NY Trading

Tue, 07 Jul 2009 20:00:15 PDT

We begin with some news from the Asian session. The Reserve Bank of Australia kept interest rates at 3% for a third month, as the countrys low interest rates and government handouts have bolstered consumer spending, helping Australia avoid a recess

4 Vote(s)

Dollar And Yen Gain On Safe Haven Demand

Tue, 07 Jul 2009 20:00:14 PDT

The dollar rose on Tuesday as risk aversion overshadowed reserve currency concerns ahead of Wednesday's G-8 meeting. The S&P 500 broke its 200-day moving average and fell 17.69 points to 881.03. The euro declined versus the yen and greenback on safe

4 Vote(s)

Australian Dollar to Accelerate Lower as Prices Break Near-Term Support

Tue, 07 Jul 2009 20:00:08 PDT

3 Vote(s)

Japan Machine Orders Plummet for Third Month

Tue, 07 Jul 2009 19:00:16 PDT

Japan's May Machine Orders figure unexpectedly declined 3.0% despite forecasts calling for figure to rise by 2.0%. This surprising deviation further propagates...

3 Vote(s)