Fundamental Overview – Market Movers Last Week – 8/30/2010
Guest post by ForexTraders.com The U.S. Dollar turned in a mixed performance last week without moving much against any of the other major currencies. Traders reported that the primary boost to the Dollar’s fortunes versus the Euro and Pound Sterling was the news out last Tuesday that the Standard and Poor’s rating agency had downgraded Ireland’s [...]
Fundamental Overview – Market Movers Last Week – 8/23/2010
Guest post by ForexTraders.com The U.S. Dollar did not move much last week, and showed mixed results overall in terms of its performance against the other major currencies. Traders reported that the primary shock to the Dollar’s fortunes was the news out last Thursday that U.S. Initial Jobless Claims had risen to the psychological 500K mark [...]
Swissy Surges After Rate Decision
The Swiss Franc made a leap after the rate decision. USD/CHF plunged by about 100 pips to 1.1230 and EUR/CHF also fell by about 100 pips to 1.3780, about 50 pips above the all time low set last week. The Swiss National Bank (SNB) left the Libor Rate unchanged at 0.25% and while they said [...]
How Japan Took the Safe Haven Role from Switzerland
The Swiss Franc didn’t work as a safe haven currency during the recent crisis – the dollar and the yen took this role. Here’s the story. In the past, the Swiss Franc had a reputation as the No. 1 safe haven currency. This means that every time that there was an economic crisis, political instability, [...]
Fed Mini-Hike – Which Currencies Are More Vulnerable
Ben Bernanke surprised everybody with a hike of the Fed’s discount rate. The response was immediate and shook all the markets. Some currencies weathered the storm, while others are at critical spots. Here’s a quick damage control. The Federal Reserve only raised the special discount rates for banks, and said that businesses and households won’t [...]
EUR/CHF – Wild Fridays – Courtesy of the Bank
The Swiss central bank has increased its interventions in the markets in an attempt to weaken the Swiss Franc. The moves are seen best against the Euro. Here is how it looks on the graph + a few characteristics of these moves. Click to enlarge. Remember that interventions are short lived.
Forex Weekly Outlook – February 8-12
After one of the wildest weeks that we’ve seen in quite a while, the upcoming week seems more quiet, at least at the beginning. The echoes of the Non-Farm Payrolls will be heard during this time. Later on, some major market moving events are due. Here’s the outlook for the second week of February. Finance [...]
Forex Daily Outlook – February 1st 2010
The calendar is quite busy for a Monday: the first day of February provided many figures from all over the world, with American ISM Manufacturing PMI being the highlight. Let’s see what’s up for today: Australia starts the day with many figures: the AIG Manufacturing Index is expected to rise while the MI Inflation Gauge [...]
Video Weekly Outlook – Beware of the Swissy
In my weekly corner on Forex TV, I spoke with Julie Sinha about the upcoming events for this week, technical levels and pairs to watch out for: An important thing to note that didn’t appear on my weekly outlooks is the warning of an intervention in the Swissy: Want to see what other traders are [...]
Forex Daily Outlook – January 4th 2010
The first trading day of 2010 begins with a rather busy calendar. American ISM Manufacturing PMI will stand out today as well as echoes from Ben Bernanke’s speech late on Sunday. Let’s see what’s up for today. Ben Bernanke said that low rates aren’t to blame for the house bubble – bad regulation and bad [...]
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