• AUD/USD Preview

    Economist Shayne Heffernan of www.livetradingnews.com takes a look at the AUD/USD trading for the week ahead. AUD/USD hit 1.0410 on Thursday, the pair’s highest since September 28; the pair subsequently consolidated at 1.0327 by close of trade on Friday, still up 0.70% for the week.
  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    The dollar is headed into the weekend higher against the majority of its counterparts as the risk on trade from earlier in the week quickly fades. US stock markets are lower as quarterly revenues at companies from Microsoft to McDonald’s fall short of expectations. Meanwhile, investors are again concerned with Europe as leaders failed to address the pressing issues in Spain. Consequently, the dollar is well supported in its role as the default “safe-haven” asset with the general outperformance of the US economy providing further impetus for holding dollars.
  • EUR/JPY Threatens a Falling Wedge that Started From 2010

    Sharp rally: The EUR/JPY is making a new high since rallying from the July low of 94.10, as it pushes above the 103.86 resistance pivot. The rally has been holding above a rising trendline, and the RSI has tagged 70, now a 3rd time, without falling under 40, and even staying above 50. This strong rally has a recent 6-day streak that is now attacking a falling trendline that goes back to April, 2011 as it approaches the 104.00 psychological handle.
  • UFXMarkets *Daily Forex Currency Trading News*17-October-2012

    The Dollar weakened versus most majors as investors turn towards riskier asset
  • London Session: The markets breathe a sigh of relief after Spain’s near miss with junk status

    Despite elevated levels of event risk this week and some mixed economic data the euro continues its march higher as the markets focus squarely on Spain. A weak-ish German ZEW survey that points to German growth slowing from 1% in Q2 to approx. 0% in Q3 is like water off a duck’s back, the jump higher to 1.31 was fuelled by Moody’s, the credit rating agency, who affirmed Spain’s credit rating at Baa3 with a negative outlook. The markets had expected a downgrade to junk status so the 50 pip jump in EURUSD is a relief rally. 1.3175 – the high from last month – is now key resistance.
  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    The dollar is mixed this morning as it loses some of its “safe-haven” appeal on positive developments in the Eurozone and stronger than expected domestic production data. Industrial production posted a 0.4% gain in September, better than the 0.2% that was expected. While the figure is an encouraging sign for manufacturing, mining and utilities, today’s gains only partially reversed the 1.4% decline that was recorded in August. Nevertheless, the improving numbers likely reflect a stabilizing economy, and are supportive of faster economic growth this quarter and next. Meanwhile, consumer prices gained by 0.6% for a second straight month, led higher by rising fuel costs.
  • Currency News EUR-USD, GBP-USD, USD-CHF, USD-JPY, AUD-USD, USD-CAD

    US Dollar drifts, quiet trade. The Dollar Index holds drifts near 79.70 during yet another quiet session. Overnight buying ran the index to a high of 79.95, but buyers were unable to recapture the key 80.00 level as sellers emerged at resistance.
  • UFXMarkets *Daily Forex Currency Trading News*15-October-2012

    The Dollar weakened slightly versus most majors on Friday as speculation about

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