Daily Forex News Recap (11/5): NFP Surprises to Upside, USD Mixed; Euro Stumbles on Debt Woes
Today’s Non-Farm Payroll report came in better than expected, with the economy adding 151K jobs in October. That helped boost risk appetite for commodity currencies like AUD, CAD and NZD. It also helped stiffen the USD against the JPY and EUR. The Euro was pressured by sovereign debt woes, and we look at EUR/CHF and EUR/GBP.
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Daily forex forecast – 05/11/2010
The Australian Dollar managed to hang onto its gains above parity yesterday despite softer-than-expected retail sales data. Australian retail sales rose just 0.3 per cent in September reducing expectations as to the pace of rate hikes in 2011.
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Daily Forex Summary on US Dollar, Euro, Sterling, Japanese Yen, Canadian Dollar, Aussie Dollar and New Zealand Dollar
The US dollar dipped to an 11-month low against a currency basket after the US Federal Reserve launched its second wave of quantitative easing yesterday which led investors to seek higher-yielding currencies. The Federal Reserve committed to buy $600 billion in government bonds by Q2 2011 in efforts to support the struggling US economy on Wednesday.
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Autochartist – Daily Forex Update: GBP/USD
GBPUSD is continuing to rise within the Rising Wedge price formation on the daily chart. This price pattern demonstrates significant Uniformity and Clarity – both rated at 6 bars by the Autochartist. The pair is trading around the round price level 1.6000 that should be cleared persuasively before the uptrend can continue.
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Daily forex forecast – 02/11/2010
Speculation on Monday the Bank of Japan intervened in currency markets sent the Aussie down to an intraday low of 0.9810 as the greenback strengthened against the Yen.
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Daily forex forecast – 25/10/2010
The Aussie opens higher on Monday at 0.9850 and received a boost after comments by U.S. Treasury Secretary Timothy Geithner at the weekend’s G-20 conference.
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Daily strategy 22-10-10 – Mind the gap
Global currency policies will remain in focus and a more substantive US pledge to support a firm US currency would boost the greenback following the G20 meeting. More generalised comments look likely with an agreement that undervalued currencies should appreciate.
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Daily Video Recap (8/15): Greenback Rebounds After Bernanke
Bernanke reiterated what we already know, that quantitative easing is coming, but he didn’t offer new specifics. The Dollar fell following his speech, but then rebounded in NY trading on profit taking and some risk aversion in US stocks. We leave this week with the Dollar near parity against the Australian and Canadian Dollars, and near multi-month lows vs the Pound and Euro.
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Daily Forex Summary on US Dollar, Euro, Sterling, Japanese Yen, Canadian Dollar and Aussie Dollar
The US dollar fell against most currencies after minutes from a Federal Reserve meeting released the previous day reinforced expectations of additional monetary easing in the United States. Adding to the greenback’s decline was the release of import prices which fell 0.3%. Minutes of the Fed’s Sept.
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EUR/USD Daily Review 12 Oct 10
Simultaneous Release at TheGeekKnows.com – Learn Forex Trading and view EUR/USD Reviews. Good day forex trading koalas. I hope everyone is trading well and no one was caught by that forex gap last weekend. Do remember that forex gaps are real and it may happen anytime without warning. The forex gap brought us up to [.
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- Mortgage rates fall to record low
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