Daily Forex News

Guest Commentary: The Perfect Setup Slipped Away? Another One Will Come

A wise trader carefully plans his trades, and often makes an extra effort and “stalks” the perfect entry. Too often, when the time to enter the trade arrives, the tables turn and the opportunity isn’t there anymore.

USD Remains Overbought, JPY At Risk As Intervention Threats Resurface

The greenback struggled to hold its ground on Thursday, with the Dow Jones-FXCM U.S. Dollar Index falling back from a fresh yearly high of 10,141, but the weakness may be short-lived as market sentiment remains frail.

Yen Top Performer as Aussie, Euro Stabilize; Sterling Tumble Continues

The US Dollar has been particularly strong the past two weeks, necessitating a pullback to relieve extreme technical conditions. As two of the hardest hit majors, the Australian Dollar and the Euro, consolidate against the US Dollar, the Japanese Yen has rallied on the back of strong first quarter growth data.

Euro At Risk On Spanish Bank Downgrades, Pound Searches For Support

Market sentiment weakened further on Thursday amid the ongoing turmoil in the euro-area, and the flight to safety may gather pace going into the end of the week as European policy makers fail to stem the risk for contagion.

Guest Commentary: Gold & Silver Daily Outlook 05.17.2012

Gold and silver tumbled down again during yesterday along with other commodities prices. On today’s agenda: U.S. Jobless Claims Update, Philly and Fed Manufacturing Survey.

Crude Oil, Gold May Recover as Greece Eurozone Exit Fears Digest

Commodity prices have scope to recover amid profit-taking as markets digest the latest batch of negative Greece-linked news flow.

Dollar, Yen Vulnerable as Markets Absorb Greece-Linked News Flow

The safe-haven US Dollar and Japanese declined overnight and may have scope for a deeper pullback as markets digest negative Greece-linked news flow.

European Central Bank and European Leadership Need to Step Up Now

While a Greek exit alone from the Euro would be a manageable setback, the impact from such an exit would be catastrophic….

USDCAD: Trading Canada’s Consumer Price Report

Canada’s consumer price index is widely expected to hold steady from the previous month, but a divergence from market expectations may spark increased volatility in the USDCAD as currency traders weigh the outlook for monetary policy.

Dollar Just Short of 16 Month High, We Need a Push

We are keeping the count on the dollar’s impressive run. With Wednesday’s close, that is four consecutive bullish trading days and 11 advances in the past 13 sessions.

Guest Commentary: Some Greeks Deferring Tax Payments due to Election Results

Only a few days have passed since the general elections, but the Greek state already feels it in its coffers: some Greek citizens are responding to the high uncertainty and deferring tax payments.

Aussie and Euro Hit Fresh Lows but Rebound Ahead of Fed Minutes

Asian market participants dropped higher yielding currencies and risk-correlated assets to their lowest levels in at least four months as Greek concerns continue to weigh on sentiment. However, after the Aussie and the Euro hit fresh May lows against the US Dollar, their courses quickly reversed ahead today’s key release.