The recent downgrade to sovereign credit ratings for several of the Eurozone countries is just the latest challenge to befall the 17-member group of...
Eurozone Debt Crisis Infographic
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US Bond futures shed some gains as longer dated supply awaited
Just as I said that the 3 year auction went well, then the small rally in Bond futures was sold into as that particular market shifted its focus to the upcoming 10 and 30 year auctions due tomorrow and Thursday respectively. This minor sell off has helped the Dollar somewhat as Usd/Jpy moves up to...
Forex: EUR/USD: Euro post weekly gains
Despite a decline on Friday, the Euro ended the week 0.79% higher against the Dollar. EUR/USD finished Friday trading in a range between 1.4830 and 1.4850. The Dollar failed to confirm a break below 1.4700 and on Wednesday the Euro rallied after the FED decided to leaves rates unchanged but on...
AUD/JPY intraday seasonality overview, 2003-2010
This report continues a new series of reports about intra-day "seasonality" effects in FX. Like in EUR/USD, the hourly movements in AUD/JPY do not precisely average to zero for every hour of the day. Moreover, there appears to be a statistically preferred time to bet on a trend reversal in AUD/JPY....
AUDUSD: Intraday Views
The Break out above 8130 overnight sent AUD above 82c, pretty much as we mentioned it would yesterday. The AUD has been supported by Commodity buying and strong economic data over the last few days. On the day 8130 - 8230 is my range. I have been bullish over the last few days buying on dips but i...
US Economy Awaits ADP Nonfarm Employment Figures
The Dollar continued its freefall against all the major currencies despite positive housing data figures from yesterday. Today, at 12:15 GMT, Forex traders will have the ability to enjoy hefty volatility in the market as the ADP Non-Farm Employment Change will be released. ForexYard also advises...