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Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Thursday, February 12, 2009
By: ForexPros
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The USD continues to trade mixed today after US data failed to inspire traders one way or the other. GBP fell to a new traded low of 1.4315 before reversing back to the 1.4370 area in lighter volumes; cross-spreaders continue to work the sell side of the rate into the New York close. Overnight UK data was also benign and remarks somewhat dovish but the rate remains firm on the 1.4300 handle ahead of more US data tomorrow. Traders expect more two-way action near-term so aggressive traders looking to buy the dip under the 1.4380 area remember to be nimble.
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Wednesday, February 11, 2009
By: ForexPros
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Extreme volatility and more two-way action was the rule today as the major pairs whipsawed between highs and lows several times creating havoc for traders across the board. Weaker equities pricing in response to Tres. Sec. Geithner’s plan to bail-out the banking sector suggests that USD bulls are not convinced that the plan will work.
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Tuesday, February 10, 2009
By: John_Lee
Last week, Zimbabwe slashed 12 zeros from its currency as hyperinflation continued to erode its value, the country's central bank announced in late January.
The government instituted price cuts to arrest inflation. As time went by, it became apparent the forced price cuts cause bare shelves in shops and many businesses closing .
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Monday, February 09, 2009
By: INO
We are finally seeing some life come back into the dollar/yen relationship.
I have to admit, I love trading Forex, it's one of the most exciting and most profitable markets in the world.
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Thursday, February 05, 2009
By: ForexPros
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Continued volatility plagued the majors the past 24 hours as the USD continued to consolidate gains earned overnight although signs of topping continue. Overnight news as well as US data this morning failed to extend US gains past early highs seen in New York after the release of ADP private payrolls estimates. Showing another large drop projecting a dip in NFP on Friday, ADP came in at -553K. Although a negative number it was seen as an improvement over December’s numbers; USD got a slight boost on the news but GBP and EURO reversed;
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Wednesday, February 04, 2009
By: ForexPros
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High volatility was the rule today as the majors advanced sharply against the Greenback as mixed data and stops in thin conditions exaggerated moves. Despite poor earnings from US automakers equities were able to hold onto slight gains into the end of the day helping to hold both EURO and USD/JPY off their lows and in the case of EURO to trade above previous resistance in the 1.3030 area for a high print 1.3037 before trading a full handle lower mid-day.
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Tuesday, February 03, 2009
By: Mike_Hewitt
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Peru is the nineteenth largest country in the world and is a diverse land, both in terms of people and geography. It is populated by over 29.2 million people (July 2008 estimate), largely descended from Spanish settlers, native Inca, and pre-Inca cultures. Peru has three national languages: Spanish, Aymara, and the native Quechua, reflecting the native Indian and Spanish roots that cultivated modern Peruvian society.
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Tuesday, February 03, 2009
By: Ashraf_Laidi
Aussie is the days best performing currency out of a group of 9 currencies due to market optimism resulting from the latest government stimulus package of A$42 billion and ahead of tonights (3:30 am GMT) widely expected 100-bp rate from the RBA. With a 100-bps cut fully priced in, the risks are in favour of further Aussie upside in the event of only a 75-bp cut.
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Tuesday, February 03, 2009
By: Victoria_Marklew
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This question has been triggered by the fact that the price of insurance against debt default by Euro-zone members Ireland, Greece, Italy, Spain, and even Belgium, has jumped in recent weeks; that yield spreads against German bunds have ballooned; and that the sovereign debt ratings of Greece, Portugal, and Spain have recently been downgraded. These developments do not reflect an increased risk of default by any Euro-zone member, but rather show that investors have finally woken up to the fact that not all Euro-zone sovereigns are equal. The global credit crunch has led to an overdue market re-evaluation of the Euro-zone members.
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Tuesday, February 03, 2009
By: ForexPros
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It is a mixed start for the USD this morning as the Chinese markets are back after the extended Lunar New Year celebrations; the Greenback is better against EURO, GBP, CHF and CAD but softer against JPY to start the month. Although trading was light to start Asia, technical follow-on buying from Friday saw the majors start losing ground steadily into early Europe; below-expectations UK CBI data helped pressure GBP into early lows around the 1.4230 area with traders saying a failure at the key support area of 1.4250 to extend losses.
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Tuesday, February 03, 2009
By: John_Mauldin
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Milton Friedman famously predicted that the euro would not last past their first economic crisis. This week we look at commentary by Niels Jensen that explores the news from Euroland. Can the euro survive? He explores a number of options which are most definitely not on the radar screen for most investors. It is good to get a perspective from those outside of our own back yard. Note that when he says "our country" he is referring to Great Britain.
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Saturday, January 31, 2009
By: Money_and_Markets
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Jack Crooks writes: Great Britain's Prime Minister, Gordon Brown, is meddling in the Bank of England and U.K. Treasury, much the same way that our Hank Paulson and Ben Bernanke have done. And now everything that Mr. Brown is struggling with underlines why his home currency has performed so poorly recently … and will continue to disappoint.
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Thursday, January 29, 2009
By: ForexPros
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After dropping dramatically overnight and into early New York the USD has reversed to hold gains across the board against the majors. Most traders note that volumes dropped off significantly ahead of the FOMC rate announcement suggesting that most were sidelined ahead of the statement. Analysts are divided as to the exact meaning of the statement; some suggest that the Fed stands ready to do “whatever it takes” to resolve the economic crisis while others say the Fed appears a bit panicky in view of interest rates at near-zero unable to add positive stimulus so far. In my view, the issue still remains short-sighted at best and long-term solutions will be hard to enact with a financial community wanting a quick fix.
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Wednesday, January 28, 2009
By: ForexPros
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The USD is continuing in two-way action as the majors continue to consolidate off their weekly lows; traders note conditions remain thin and the lack of US fundamentals are keeping some sidelined ahead of the FOMC rate announcement tomorrow. After early gains in the Greenback overnight better-than-expected overseas data helped to hold the GBPO and the EURO higher although both pairs looked for new lows in early New York but reversed losses to close better on the day as early intraday shorts covered back as the day wore on. Better US equities prices helped to support EURO as well keeping the rate off the lows into the close.
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Tuesday, January 27, 2009
By: Axel_Merk
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“China is manipulating its currency,” proclaims incoming Treasury Secretary Geithner. Talking about “manipulation” is helpful only if one's intent is to impress a local and insult a foreign audience. More productive may be plain talk - the U.S. and China could issue a joint statement along the lines of: “China and the U.S. agree that both will act in their respective self-interest in setting exchange rate policy.”
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Tuesday, January 27, 2009
By: ForexPros
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The USD gave back overnight gains as the Greenback failed to follow through during New York trade; at the close the majors are all better on the day but off their highs suggesting lots of two-way action and a potential short-squeeze underway. US data was better-than-expected this morning as existing home sales showed a gain suggesting that the housing crisis might be ending but savvy traders note that it will take more than one month of gains to suggest the housing problem is mitigating.
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Tuesday, January 27, 2009
By: Ashraf_Laidi
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US Dollar & Treasuries. The emergence of last week's unsual direct relation between the dollar and gold provided a valuable signal to the validity of the rally in the precious metal. It could also be explained by the rise in bond yields (fall in prices). Last week witnessed a rise in bond yields that was accompanied by a not-so smooth strengthening in the value of the dollar. Despite the dollar's leap to 23-year highs vs GBP, the currency made more modest gains vs the euro while nearing 14-year lows against the yen.
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Monday, January 26, 2009
By: ForexPros
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The USD is mixed this morning after starting better in Asia; the Greenback is giving back gains across the board and opens new York better against CHF and JPY—lower against CAD and about flat against GBP and EURO. Overnight comments by BOE MPC member Blanchflower were seen as GBP-negative as he remarked “obviously rates are heading towards zero” and unemployment would rise;GBP low prints in Asia at 1.3547 were inside Fridays’ range and the rate is recovering to make highs in early New York at 1.3878 topping Friday’s highs.
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Monday, January 26, 2009
By: Donald_W_Dony
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Many investors that I have spoken to have moved away from the powerful but volatile commodities market after the cliff-dive drop that occurred in the second half of 2008. Other investors are waiting on the sidelines for the global economic expansion to develop which will bring inventory levels down and prices up. Yet, the underpinnings for the next upward leg of natural resource prices is already in play and leading indicators are starting to break to the upside.
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Monday, January 26, 2009
By: Money_and_Markets
Jack Crooks writes: Prices of assets and securities lie very much on expectations for the future. Indeed, when optimism is present, it's only natural to expect:
- Confidence in the market place …
- Long-lasting spending sprees …
- And rising prices for durable goods and services.
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