Forex News

Forex Weekly Trading Forecast - 09.27.10

Published on 2010-09-25 03:55:00

US Dollar at Risk of Declines as Fed Hints at Fresh Quantitative Easing Fundamental Outlook for US Dollar: Bullish - US Federal Reserve hints at further Quantitative Easing, Sinks US Dollar - Home Sales data remains near record-lows, bodes poorly for economic outlook - Positioning and signs of reversal nonetheless warn of potential US Dollar recovery The US Dollar finished sharply lower against all major forex counterparts on a week of mediocre economic data and a noteworthy shift in rhetoric

EUR to Benefit from American and Japanese Bank Moves?

Published on 2010-09-24 02:56:00

With rising fears about additional monetary easing by the Federal Reserve, speculators have begun to exit many of their USD positions in favor of higher yielding assets. Bank intervention in Japan also has many investors weary of entering yen positions in the near future, but poor fundamentals out of Europe have traders just as concerned about their investments in the euro zone, but have the added benefit of less government tinkering. The EUR's best bet for the moment could be to lie low and rea

Dollar Declines to 5-Month Low Against the EUR

Published on 2010-09-23 09:12:00

The US dollar traded near a five-month low versus the EUR before a U.S. report today that may show existing home sales are close to a 10-year low, adding to signs the world's largest economy is struggling to recover.USD - US Dollar Extends Losses The US dollar fell against most of the major currencies on Wednesday, a day after the Federal Reserve said it was ready to take further action to boost the U.S. economy and fend off any deflationary threats. As a result, the dollar fell to its lowest le

USD/JPY Declines Below 85 yen

Published on 2010-09-22 02:59:00

The U.S. dollar continued to decline in early morning trading Wednesday, buying less than 85 Japanese yen after the U.S. Federal Reserve said it was ready to take further action to boost the economy.USD - Dollar Falls Broadly on Fed's Comments The U.S. dollar hit its lowest level in seven weeks against a basket of currencies, following the FOMC statement Tuesday night. Furthermore, the USD dropped below 85.00 yen, which in turn generated speculation that Japanese authorities may intervene to cur

Markets Cautious Ahead of FOMC Meeting Statements

Published on 2010-09-21 08:38:00

The Dollar is under pressure ahead of the Federal Reserve meeting statements later today, as the possibility of further quantitative easing measures by the Fed weigh on the greenback.USD - Markets Await the FOMC Meeting Statements The U.S Dollar fell against most counterparts Monday over concerns ahead of today's Federal Reserve meeting. Speculations regarding another round of economic stimulus put investors in a cautious mood. The FOMC meeting minutes has overshadowed lingering Euro-Zone sovere

Will The Yen's Bearish Momentum Continue?

Published on 2010-09-20 01:58:00

A very fascinating event took place last week as the Japanese leadership decided to intervene in the national currency's trading. As planned, the Japanese yen fell against all the major currencies. At the moment, Japan is promising to fight the strong yen, and admits that further interventions could take place. Is the yen likely to fall further?USD - Positive U.S. Economic Data Spurs Demand for Risky Assets and Weakens the DollarThe U.S. dollar fell against most of the major currencies during la

Forex Weekly Trading Forecast - 09.20.10

Published on 2010-09-18 04:08:00

Dollar Turns to FOMC Meeting to Confirm or Counter New Bear Trend Fundamental Outlook for US Dollar: Bullish - US Dollar marks a critical break as speculation of a new round of Fed stimulus grows - Consumer confidence stumbles and retail sales slips as the economy’s primary engine stalls - IF the dollar can curb its tumble against the euro, the rest of the majors could follow The benchmark dollar put in for a critical bearish break this past week. Though, the odd thing about this slip is th

US Economic Recovery Not So Bleak, Data Shows

Published on 2010-09-17 02:46:00

This past week's news has given some investors hope that an economic recovery is indeed underway in America, even if recent news has begun to comment about a pause. The US IBD/TIPP Economic Optimism gauge on Tuesday was 1.2 points higher than expected, while American retail sales also beat forecasts. Wednesday saw a minor slowdown in industrial production, but yesterday's PPI, unemployment claims, and TIC long-term purchases reports all showed forecast-beating growth in the US economy.USD - USD

Rare Japanese Intervention in Yen Trading Manages to Halt Yen's Bullish Trend

Published on 2010-09-16 13:31:00

The most significant economic event yesterday was beyond any doubt Japan's ‎confirmation of a unilateral intervention in yen trading in order to put a stop to the ‎soaring currency. The consequences were seen immediately and the yen saw its ‎biggest daily loss in 22 months. Unusual trading is expected today as well. ‎USD - Dollar Sees Mixed Results Vs. The MajorsThe U.S. dollar saw mixed results against most of the major currencies during ‎yesterday's session. The dollar fell about 80

Yen Reaches 15-Year High

Published on 2010-09-15 10:04:00

The Yen rose to a 15- year high against the dollar on Tuesday after Japan's prime ‎minister won a ruling party leadership vote, reducing the chances Japanese authorities ‎would attempt to stem yen gains. The USD/JPY fell as low as 82.91, its lowest level ‎since mid-1995.‎USD - Dollar Drops against the MajorsThe U.S. dollar fell against most of its major currencies on Tuesday, touching a 15-‎year low below 83 yen as a break of technical support levels in several currency pairs ‎sparke