International Business News - Forexperts http://www.ibtimes.com/rss/feed/forexperts.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/forexperts.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif The U.S. Dollar closed trading mixed after trading in a range most of the day following the release of a poor October jobs data report. The loss of 190,000 jobs was somewhat of a surprise. Traders were positioned for a loss of 175,000 jobs. The unemployment rate climbed to a 26-year high to 10.2% and the world didn't fall apart. http://www.ibtimes.com/articles/20091108/unemplyment.htm http://www.ibtimes.com/articles/20091108/unemplyment.htm Sun, 08 Nov 2009 13:05:54 EST GBP closed higher for a second consecutive week at 1.6692 the past week following through on its previous week gains. The current strength is coming on the heels of a halt in its downside pressure started off the 1.6692 level at 1.6249. http://www.ibtimes.com/articles/20091108/gbp-usd-weekly-technical-strategy.htm http://www.ibtimes.com/articles/20091108/gbp-usd-weekly-technical-strategy.htm Sun, 08 Nov 2009 09:21:07 EST Risk continues to build to the upside having halted its corrective declines initiated off the 1.5062 level. The current price development is coming on the back of a turn ahead of its rising LT trendlinedrawn off the 1.2456 level. The mentioned strength has taken back half of its declines from 1.5062 to 1.4626 and suggests that a follow through higher could seen the coming. http://www.ibtimes.com/articles/20091108/eur-usd-weekly-technical-strategy.htm http://www.ibtimes.com/articles/20091108/eur-usd-weekly-technical-strategy.htm Sun, 08 Nov 2009 09:17:22 EST News that the US unemployment rate rose to a 26-year high of 10.2% failed to dent risk appetites as seen in stocks, at least in the immediate aftermath on Friday (more on the data below). Commodities, however, did register the pain of rising unemployment and the implicit hit to demand, with the CRB index dropping to its lowest level this month, and now down about 5% from the Oct 21 high. http://www.ibtimes.com/articles/20091106/what-look-week-ahead.htm http://www.ibtimes.com/articles/20091106/what-look-week-ahead.htm Fri, 06 Nov 2009 16:35:12 EST ***Please note there will be no US FX Trading Summary between 11/9-11/27.***The major currency pairs teetered within a close range in the Friday session, whipsawing sharply following the release of the October US unemployment report. The euro slid from above the 1.49-level to a session low at 1.481... http://www.ibtimes.com/articles/20091106/jobs-data-disappoints-usd-edges-up.htm http://www.ibtimes.com/articles/20091106/jobs-data-disappoints-usd-edges-up.htm Fri, 06 Nov 2009 14:44:02 EST We're not quite sure what all the fuss is about this morning when it comes to splicing and dicing the non-farm payrolls report. A 10.2% headline national rate of unemployment - the first in 26 years grabbed attention upon the announcement and created an avalanche of currency selling in favor of the dollar by investors. And how wrong they were! The actual payroll decline of 190,000 might have been 15,000 more than analysts were primed for but it was only the second time since August 2008 that emp... http://www.ibtimes.com/articles/20091106/headline-unemployment-rate-creates-dollar-shocker.htm http://www.ibtimes.com/articles/20091106/headline-unemployment-rate-creates-dollar-shocker.htm Fri, 06 Nov 2009 10:49:49 EST The pair remains hesitant giving back its intra day losses to test a high of 1.4917 before closing marginally higher at 1.4876 on Thursday. Though currently trading above its key resistance at the 1.4844 level, a firm hold above there is required to signal further upside strength. http://www.ibtimes.com/articles/20091106/eur-usd-daily-technical-strategy-06-11.htm http://www.ibtimes.com/articles/20091106/eur-usd-daily-technical-strategy-06-11.htm Fri, 06 Nov 2009 10:10:38 EST We recently warned of the potential for changing correlations, no sooner was the ink dry than we noticed a a big one concerning gold and the US dollar index... http://www.ibtimes.com/articles/20091106/fx-trading-change-gold-dollar-correlation.htm http://www.ibtimes.com/articles/20091106/fx-trading-change-gold-dollar-correlation.htm Fri, 06 Nov 2009 09:00:17 EST USDJPY- Although USDJPY reversed its intra day losses to close higher on Thursday, while holding below the 91.31 level and within its falling channel, threats remain to the downside. With weakness currently seen, lower prices should develop towards the 90.06 and the 89.97 levels with a clearance of there targeting the 88.82 level http://www.ibtimes.com/articles/20091106/daily-technical-strategies-06-11-jpy.htm http://www.ibtimes.com/articles/20091106/daily-technical-strategies-06-11-jpy.htm Fri, 06 Nov 2009 07:34:49 EST The Aussie Dollar still has bullish momentum and this should keep it on an upward track. http://www.ibtimes.com/articles/20091105/aud-usd-forecasts.htm http://www.ibtimes.com/articles/20091105/aud-usd-forecasts.htm Thu, 05 Nov 2009 23:26:05 EST The dollar traded mixed ahead of Friday's release of US payroll data. US productivity surged for a second quarter and jobless claims declined more than expected. http://www.ibtimes.com/articles/20091105/dollar-mixed-as-stocks-rally.htm http://www.ibtimes.com/articles/20091105/dollar-mixed-as-stocks-rally.htm Thu, 05 Nov 2009 20:48:24 EST GO Markets - FX Market Commentary http://www.ibtimes.com/articles/20091105/go-markets-gomarkets-forex.htm http://www.ibtimes.com/articles/20091105/go-markets-gomarkets-forex.htm Thu, 05 Nov 2009 17:55:05 EST The dollar was higher by the afternoon Thursday session as traders took to the sidelines ahead of tomorrow\'s key US labor report. The greenback rebounded from a near one-week low against the euro around 1.4917 to bounce toward the 1.48-figure. http://www.ibtimes.com/articles/20091105/usd-edges-ahead-jobs.htm http://www.ibtimes.com/articles/20091105/usd-edges-ahead-jobs.htm Thu, 05 Nov 2009 14:58:28 EST The FOMC did nothing yesterday, as expected. The markets were crazy early on ... and then again following the meeting. (A whole lot of jockeying, as Jack likes to say.) The US dollar was the overall loser on the day; the standout winner seemed to be the euro. In the last hour of trading yesterday the S&P 500 wiped away much of the day's gains; futures are relatively flat as the morning gets going here in the US. http://www.ibtimes.com/articles/20091105/fx-trading-and-week-isnt-even-over-yet.htm http://www.ibtimes.com/articles/20091105/fx-trading-and-week-isnt-even-over-yet.htm Thu, 05 Nov 2009 09:34:07 EST Markets await the BoE decision at noon GMT. A decision to raise QE by 25 bln may not be seen enough by the markets and could keep GBP stable after an initial decline. An increase in QE of 50 bln would be a clear negative for GBP. Traders must watch yields on 10 year guilts (UK 10-year) for an impact on FX. http://www.ibtimes.com/articles/20091105/intraday-market-thoughts-05-11.htm http://www.ibtimes.com/articles/20091105/intraday-market-thoughts-05-11.htm Thu, 05 Nov 2009 07:51:05 EST GBPUSD- Although a two-day rally started off the 1.6260 level has put GBP on an upside offensive, a decisive break and hold above the 1.6602 level, its Oct 29'09 high and the 1.6692 level, its Oct 23'09 high must occur to reduce its current SH downside risk. http://www.ibtimes.com/articles/20091105/daily-technical-strategies-05-11-gbp.htm http://www.ibtimes.com/articles/20091105/daily-technical-strategies-05-11-gbp.htm Thu, 05 Nov 2009 07:01:29 EST I think we are close to, or have seen a high. While 133.80-00 supports we could see one more move higher else the risk will turn sharply lower... http://www.ibtimes.com/articles/20091104/eur-jpy-forecast.htm http://www.ibtimes.com/articles/20091104/eur-jpy-forecast.htm Wed, 04 Nov 2009 23:29:48 EST The dollar fell on Wednesday as the Federal Open Market Committee reiterated that US economic conditions "are likely to warrant exceptionally low levels of the federal funds rate for an extended period." http://www.ibtimes.com/articles/20091104/dollar-falls-as-fed-keeps-loose-monetary-stance.htm http://www.ibtimes.com/articles/20091104/dollar-falls-as-fed-keeps-loose-monetary-stance.htm Wed, 04 Nov 2009 18:31:47 EST The U.S. Dollar finished sharply lower today against most major currencies except the Japanese Yen. Speculators bet early and often this morning that the Fed would do nothing with interest rates nor hint at an end to its stimulus plans. These bets paid off as the Dollar weakened further after the FOMC announcement in the afternoon. http://www.ibtimes.com/articles/20091104/fed-fomc-inflation-interest-rates-stimulus.htm http://www.ibtimes.com/articles/20091104/fed-fomc-inflation-interest-rates-stimulus.htm Wed, 04 Nov 2009 18:21:18 EST The two low-yielding soft currencies (the dollar and yen) are lower today as FOMC decision day has finally arrived. We can now look back with the benefit of hindsight and say that the recent boost to the dollar and yen were due to worries over the prospects for the U.S. economy and how that might transmit less cause for other central bankers to push for removal of monetary stimulus. That causes a wider yield differential and harms the appeal of the dollar. Instead, dealers have concluded that it... http://www.ibtimes.com/articles/20091104/an-end-exit-talk.htm http://www.ibtimes.com/articles/20091104/an-end-exit-talk.htm Wed, 04 Nov 2009 11:36:53 EST