Friday Morning Thoughts

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By Back Bay FX - We are nearing the end of a very volatile week in the currency markets. Trying to find [...]


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  • GBP/USD consolidating after surge

    Cable has been a standout in late London trading as EUR/GBP definatively tool out the 0.85 region and fell toward 0.8480. This helped launch cable higher and set off a short-covering rally in all the currencies which finds EUR/USD back at 1.4025 and Cable at 1.6490. It reached 1.6510 at its rebound...

  • FOREX VIDEO - European Outlook November 3rd 2009

    Hey everyone. For this outlook I concentrate on the Aussie USD since we have an Aussie rate statement scheduled today. It’s a fairly tough technical read for me as a result I have defined general support and resistance and some key levels to trade around and look out for. I also take a brief...

  • US Treasury confirms bank TARP repayment of $68bln

    The US Treasury has confirmed overnight talk that US banks are starting to repay some of the TARP bail-out funds. It really was a classic case of buy the rumour sell the fact in Eur/Usd as we drop below 1.4000. Good news though with the Trasury saying that they have received repayments from Banks...

  • AUDUSD moved sideways in a trading range

    AUDUSD moved sideways in a trading range between 0.9803 and 1.0076. Lengthier consolidation in the range is expected in a couple of days. Key...

  • India's forex reserves jumps to USD 262.306 billion | Forex ...

    (Asia Pulse Data Source via COMTEX News Network) -- India's forex reserves rose by USD 1.667 billion to USD 262.306 billion, for the week ended May 29, as compared to USD 260.639 billion in the previous week. Reserves had gone up by USD ... Forex Updates and News -...