Trading or investing in Forex, requires sufficient understanding of the laws of supply and demand. Supply is the measure of how much a particular currency is.
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EUR/USD, Cable bounce from lows
EUR/USD is bouncing, now at 1.4030 from lows in the 1.4010 region. Dealers report another batch of stop-loss sell orders just below the 1.40 level. Cable traded down to 1.6000 before bouncing to 1.6030. Commodities have turned lower on the day and stocks are threathening to do the same. US bond...
Latvia/IMF do not discuss devaluation
Latvia and the IMF did not discuss a devaluation and are trying to maintain the present peg to the euro via a new budget. Swedish banks will breath a short-term sigh of relief. This is modestly EUR supportive, but the focuc is more on US jobs figures at the moment. EUR/USD is quiet at...
Soaring yields giving USD/JPY fresh boost into the weekend
With the short-end of the US yield curve anticipating rates hikes as early as September, short-term rates have backed up in breathtaking fashion today. 2-year notes are 36 bp higher in yield, an astounding move in a maturity that short. A move that large has awakened USD/JPY, sending the pair...
Nikkei reports Japan to remove “worsening” from economic assessment
According to the Nikkei Website, Japan will remove worsening from its monthly economic report. Recent behavior of Japanese investors would imply as much as they feel comfortable assuming more risk overseas. USD/JPY trades at 95.70 while EUR/JPY trades at 136.75, down from 137.43...
US Dollar (USD) LIBOR rates: technical predictability overview
This article begins a series of analysis reports investigating a degree of predictability in the LIBOR rates, a popular capital cost indicator. The analysis is based on historical LIBOR interest rate data released by the British Bankers Association. I continue with the same technique proved useful...