FOREX VIDEO - New York Session Review - November 12, 2009

Source: blogs.fxstreet.com

Yesterday saw extremes for the year matched on multiple fronts; to wit, the USD/CHF currency pair tapped its 2009 low just north of parity, the EUR/USD and S&P 500 formed double top patterns with last month’s highs, respectively, and the U.S. dollar index matched its 15-month low. Today, the dollar found new vigor. During the New York session, a 65-pip short trade on the euro started at overlapping sources of resistance lines, and ended at a confluence of support lines. Curt Wehrley FX Bootcamp’s Quantitative Analyst


Read more...

  • Euro, British Pound in Play as Forex Markets Brace for Interest ...

    The Euro and the British Pound May are in focus with back-to-back interest rate announcements from the European Central Bank and the Bank of England ... See all stories on this...

  • New York forex wrap up; Dollar firms as reflation trade falters

    New York Fed’s Empire State index falls to -9.41 from -4.55 IMF considers making its bonds tradeable IMF: US returns to growth in 2010 IMF”s Lipsky: Dollar to remain reserve currency “as far as we can see” Geithner: Economy in early stages of recovery ECB’s Wellink:...

  • Dukascopy Afternoon Forex Overview - Oct 8 2009

    Previous session overview The euro has ceded the gains it made against the dollar Thursday morning after European Central Bank President Jean-Claude Trichet said excessive currency volatility is negative for the economy and financial stability and that U.S. support for a strong dollar is extremely...

  • Asian Forex Wrap

    ECB fears Bank Crisis in 2010. NZ leaves rates unchanged. Brazil cuts rates by 100bps. Nikkei trades above 10,000 for the first time since October 2008 Japan Q1 GDP revised to -3.8% from -4%. China still a net importer of steel in May. Australia May unemployment 5.7%, only 1700 jobs lost. AUDUSD...

  • The dollar reserve currency conundrum

    With India purchasing of 200 tonnes of gold from the IMF for US$ 6.7 billion last week — a far cry from the 67 tonnes of gold that India had to humiliatingly pledge in 1991 to stave off an imminent forex crisis — the debate on the need to diversify the forex reserves of the surplus countries...