From the beginning of the week until 06:00pm GMT Thursday, virtually every currency was rising against the US dollar. Demand for riskier, higher yielding ...
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Forex Trading Secrets: How to Profit from the G8 Summit
Source: seekingalpha.com
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GBP/JPY intraday seasonality overview, 2003-2010
This GBP/JPY report contributes to a set of systematic intraday pattern results involving JPY as the base currency. GBP/JPY as most other currency pairs tends to experience mean reversion around CET...
Saab finds a buyer; flows look minimal
Saab, the GM-owned Swedish car-maker, looks like it has finally found a home. A group led by a Swedish car-maker I’ve never heard of Koenigsegg will acquire the brand, according to CNBC. It looks like they will assume gobs of debt, though very little cash will change hands. It is unlikely to...
EUR/USD clawing back lost ground
The threat of some significant buying interest at 1.3925 has dulled the bear’s appetite for risk and shorts have continued to book profits on the EUR/USD, with the pair back again towards 1.40. Dealers report a mixed bag of selling interest and trailing stops above the figure. The previous...
EURUSD is facing 1.3743 resistance again
EURUSD is facing 1.3743 resistance again, a break above this level will indicate that the fall from 1.3861 had completed at 1.3428 already, and...
Risk aversion dominates the morning session
EUR/JPY has fallen almost 100 pips from it’s NY closing level as events in Iran and North Korea remind the market that we are really only one big event away from a significant hiccup in the worldwide economic recovery. Risk aversion has been the name of the game, with both the JPY and CHF...