The final trading day of Q2 and H1, plus a dose of sour US news, brought volatility to the currency market during today’s New York session. The US dollar rebound at the open of the session fueled moves on the major currency pairs, including a 60-pip short trade on the EUR/USD currency pair. Two hours later, a worse than expected US consumer confidence report set the stage for a 60-pip news trade on the GBP/JPY. Curt Wehrley FX Bootcamp’s Quantitative Analyst
FOREX VIDEO | NEW YORK SESSION REVIEW | June 30, 2009
Source: blogs.fxstreet.com
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FOREX VIDEO | NEW YORK SESSION REVIEW | June 11, 2009
Inter-market correlation pointed to a rally on the EUR/USD currency pair during the first 30 minutes of today’s US equity market session. The rally broke a downtrend line, and a conservative long trade entry came in the form of a re-test of that former source of resistance. A 60-pip profit...
Asian forex market wrap
Japanese current account surplus for April -53.4% YoY against expected -39% Centre-right parties the big winners in European parliament elections Top Chinese banker calls for US help in the development of Yuan debt markets Sterling loses ground on the crosses after a very poor showing by...
Forex Carry Trade Correlation to CRB Index at Record Highs
The Forex Carry Trade correlation to the Reuters CRB Commodities index is now at its highest in at least 10 years, and it seems that recent recoveries in ... See all stories on this...
Asian Stockmarkets modestly higher
Asian Shares are modestly higher today, with the Nikkei closing out the morning session up 98 points or 1%, at 10,076. Mitsubishi Heavy was up 6% on a report that it was close to securing a large scale construction deal in Australia. Mask makers were also trading higher after the the H1N1 flu...
Going once, going twice…
I promise, this is the last you will hear from me on this matter…Our webithon draws to a close today. Last chance to donate to MSDC, the official charity of ForexLive! A word of thanks to all who’ve already donated. We’ve raised roughly $1200 for this important charity. If...