Expect further weakness on the daily US dollar index chart
This week, was of course, dominated by one item of news, which was the much heralded announcement by the Federal Reserve on Thursday of a […]
forex analysis
US dollar index remains bearish on the daily chart
The December US dollar index futures contract plunged lower once again in yesterday’s futures trading session, closing the day below the psychological 80 region, and […]
EUR/USD remains bullish after minor pullback yesterday
Following Friday’s wide spread up bar which was largely in response to Mario Draghi’s rescue plan for the Eurozone, yesterday’s price action in the euro […]
FX street – expert contributor analysis for this week
As an expert contributor to FX street, I provide a weekly forecast for the EUR/USD, GBP/USD, USD/JPY and the USD/CHF which are published every weekend. […]
Market forecast following statements from Draghi and Bernanke
The last seven days have seen the financial markets dominated by two key items of fundamental news. The first from Fed Chairman Ben Bernanke in his annual […]
Euro Still On Life Support!
The CFTC data is still showing the non-commercials, ie speculators, are still heavily net short the euro. In fact, as of last Friday net shorts […]
Peter raises his forex trading capital
As Peter begins his journey into the world of forex trading, his first problem of course is to raise some trading capital, which is easier […]
The fundamentals of trading the euro dollar
Trading in the euro dollar at the moment is proving to be a difficult proposition, and unlikely to get any easier in the short term. […]
Market Reflections
Reactions to the Japanese earthquake last week have been fairly predictable so far in the financial markets – equities have sold off sharply with shares in […]
Eurodollar Analysis
A seminal day for the euro vs dollar yesterday which finally managed to breach the 61.8 fib retrace level of the Nov 4 2010 high […]
Pound Dollar Bounces Back
Sterling’s recent rally against the dollar certainly petered out with a bang yesterday, following release of dreadful UK gdp figures which came in at -0.5% […]
Tech Levels for the Majors
In anticipation of the tsunami of fundamental news which starts overnight in Japan here is a quick technical round up for the majors: USDJPY The […]
Loonie remains out of step with US dollar – why?
One of the conundrums facing us all as currency traders, is in trying to make sense of the underlying forces which cause one currency to […]
Forex market outlook for next week
The US dollar ended the week at it’s highest level since December 1st, and could be set for further gains in the run up to […]