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European Stress Test Results Turn The Euro Bullish
[ForexChaser.com] The market had been very bullish recently, with the Usd/Cad and the Aud/Usd breaking important price points, and with the Eur/Usd and the Gbp/Usd preparing to move decisively higher. These moves had been triggered by the somehow favorable results of the European Stress Test. Just 7 out of a total of 91 banks have [...]... (Continue reading)
Forex Volatility to Remain High
Written on 26 Jul, 2010 at 17:32 in Forex | viewed 36 times | 0 Comments
[Forex Blog] With the onset of the Eurozone sovereign debt crisis this year, volatility levels in forex (as well as in other financial markets), surged to levels not seen since the height of the credit crisis. While volatility has subsided slightly over the last few months, it still remains above its average for the year, [...]... (Continue reading)
New Doubts on EU Bank Stress Tests
Written on 20 Jul, 2010 at 21:47 in Forex | viewed 72 times | 0 Comments
[Wall Street Journal] Greece’s economy is in tatters and its financial system is under pressure. But its banks appear poised to glide through Europe’s “stress tests.” A similar paradox is playing out across Europe. As regulators prepare to release stress-test results for 91 big European banks on Friday, European politicians and finance officials are sounding [...]... (Continue reading)
Yen: Battle Ground–Real Investors vs Speculators
Written on 16 Jul, 2010 at 0:09 in Forex | viewed 71 times | 0 Comments
[Marc to Market] Japan’s Ministry of Finance publishes portfolio flows on a weekly basis. The latest data released earlier today shows the general continuation of recent trends. Japanese investors continue to buy foreign bonds and stocks. Over the past nine week, Japanese investors have purchased roughly $87 bln of foreign bonds and $15 bln of [...]... (Continue reading)
Chart of the Week: Emerging Europe
Written on 15 Jul, 2010 at 23:54 in Forex | viewed 88 times | 0 Comments
[U.S. Global Investors] Weakness in the euro is a strength for Emerging Europe. A strong currency tends to make exports more expensive, but Germany (the world’s #2 exporter behind China) remained globally competitive even as the euro’s value climbed to record highs against the U.S. dollar. One of the key reasons: German manufacturers cut costs [...]... (Continue reading)
Usd Shares Rise- But There’s More To The Story
Written on 31 Mar, 2010 at 23:04 in Featured Article | viewed 86 times | 0 Comments
Mar.31.2010 By Marc Chandler, Seeking Alpha The most authoritative source of information about the currency allocation of fx reserves, the IMF’s COFER data, was just released for Q4 09. As we have suggested, based on the dollar’s appreciation, the greenback’s share of reserves increased. In Q4 the dollar’s share of allocated reserves rose to 62.1% from 61.5%. [...]... (Continue reading)
Eur/Usd In-Depth Technical and Fundamental Review
Written on 31 Mar, 2010 at 22:56 in Forex news | viewed 79 times | 0 Comments
Mar.31.2010 Euro: Eur/Usd was rejected from the 1.3550 swing point in recent trade, which has been an important area over the last 5 weeks of trading. This may force some bulls to change camp to the short side, allowing the pair to push below towards the 1.3000 area. The daily momentum and trend reads are both [...]... (Continue reading)
Major Pairs At Major Swing Points
Written on 23 Mar, 2010 at 22:59 in Forex news | viewed 59 times | 0 Comments
Mar.23.2010 Euro: Price action bounced off the 1.3450 area in Monday trade, but the daily trend and momentum reads remain in short mode. This near-term retracement is positive for the current downtrend, since it will reveal the strength of selling resolve in holding the trend. A break below the 1.3450 area will probably send the [...]... (Continue reading)
Euro, Cable, Aussie Review
Written on 22 Mar, 2010 at 16:33 in Forex news | viewed 50 times | 0 Comments
Mar.22.2010 Euro: The euro dropped hard over the last sessions of trading, being rejected from the 1.3800 resistance area with ease. This denotes a very bearish outlook, which could push the pair below the 1.3450 area. The pair looks oversold in the near-term, indicating that market participants may be looking to join the downtrend at [...]... (Continue reading)
Forex Major Signals
Written on 21 Mar, 2010 at 23:05 in Forex news | viewed 63 times | 0 Comments
Mar.21.2010 Excerpts taken from The Trader Advantage Program Global markets will test support in the early part of the new week, with 1155 on the S/P equity market being pivotal. A break lower from here will empower the Usd, while a move long that holds 1155 will impede Usd buying. We are seeing some solid [...]... (Continue reading)
