Dollar's early weakness pushes the yen close to 15-year highs sparking fresh speculation about intervention to limit the strength of the Japanese currency
Yen's gains spark talk of intervention
Source: www.ft.com
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Belgian Central Bank issues negative forecasts
Obviously all is not well in the state of Belgium. The Belgian central bank has; cut the GDP growth forecast for 2009 to -3.5% from -1.9%, which would be the worst on record sees a 2009 budget deficit of 5.5% of GDP sees a short period of negative inflation this year and has lowered the annual...
The Greenback Awaits the Release of the Nonfarm Payrolls
Today’s U.S. NonFarm Employment Change data release is set to dominate the trading between the Dollar and its major currency pairs. A number of other factors are also likely to impact the forex market today, such as European Central Bank Chairman Jean-Claude Trichet’s speech at 7:50...
FOREX VIDEO - Pre London Outlook September 9th 2009
Hey Everyone. Some very nice USD related moves I hope you were able to capitalize and grab a few pips along the way. For today’s outlook I continue the Euro related analysis we started yesterday. I take a look at the Euro USD and Euro Yen. Nothing particularly complicated, simple trend following...
Cable under pressure
Cable is under heavy pressure early, presently down at 1.5870 from an early 1.5930. The USD is seeing across the board strength, while sterling is weak in it’s own right as the market continues to fret over Brown’s future. Technical support now lies at 1.5850/55. Could well be sell...
Volatility Analysis: EUR/JPY
[Click on the graph above for a larger version] One of your most important indicators for trading the Forex market is the clock. Knowing how to trade — using technical and fundamental analysis, managing risk, adopting a trader’s mindset — is critical, but your effectiveness as a...