Today in Currency News
Today in Currency News – Here is a round up of the main stories making the headlines in the currency blogosphere:
Forex Trading: EUR/USD Approaches Resistance – The 200 hour moving average comes in at 1.5528. This should provide some resistance.
Forex Trading: NZD/USD also approaches resistance – The NZD/USD has the 200 hour MA at the 0.7563 level. A break should lead to higher levels on intra-day momentum.
Forex Market Summary – US Dollar Trading (USD) had mixed day with multiple factors pulling and pushing the world’s largest currency. News of a large increase in the price of Oil in china sent Crude Oil future down over $5 in anticipation of weakening demand …
Virtual currency threatens stability of Chinese currency The QQ coin is in the news again. This morning a friend sent me a link to a story on Donews (in Chinese, originally apparently from a publication called “Online International”) that goes into quite a lengthy exploration of the origins …
Forex Trading: Dollar wandering higher – The EUR/USD has held below the 200 hour moving average at 1.5527. Strong support at the 1.5457 to 1.5465 level. The USD/JPY story is the 200 day MA at the 108.21 level now. Market is selling against a break higher. read more.
Pound Weakens After UK Inflation Report (INO News) – (RTTNews) – The British pound saw weakness on Tuesday in New York amid the release of data showing inflation topped 3 percent in may and speculation that number could get higher. The sterling hit a short-term low against the euro and …
Forex Trading News – Euro Zone News – Recent headlines coming across the wire read as follows:. ECB’s Liebscher reiterates that a strong Euro helps dampen inflation and that he sees slower growth in Austria through 2009. ECB’s Stark reiterates that inflation will remain …
Forex – US housing starts plunged to their lowest in 17 years – The Dollar fell against the Euro on Tuesday as US housing starts plunged to their lowest level in more than 17 years in May, casting more doubt over an anticipated early Federal Reserve interest rate increase. …
Forex Trading News; CHF ZEW Expecations Released Worse Than Forecast – The Swissy ZEW came out at -63.8 from the previous 60.4. A slight drop was forecast to -60.8. There was not a great deal of change after the data as the CHF has been substantially weaker vs. its counters throughout the session.
Arrests made in counterfeit currency operation – WINNIPEG police have made arrests in a counterfeit money operation in the city. A media spokesperson will discuss the arrests at a morning press conference.
Forex Trading: EUR/USD. The Day Traders are in charge for now – Since the waters are muddied as the world decides if the US or EU will be the currency under pressure (neither are “strong” to be honest. They are just degrees of weakness to me at least). The floor is defined between 1.5455-65 and the …
Forex Trading: Intraday GBP/USD back at 61.8% Fibonacci Retracement – From. GBP/USD came back down today to test the low again from yesterday’s large move and then bounced back up to 61.8% retracement. It will be interesting to see how the pair is affected by BOE today after the meeting at Mansion House …
Currency Trading E-books: Another Way to Be Rich, Or to Be Poor? – Currency trading, or Forex trading as it is generally known, is the act of exchanging one country’s currency for another The way currency trading works is simple.
Forex Trading: NZD/USD Following the Trend – NZD/USD has been following a fairly clear downtrend over the last few months as you can see on the daily chart. The 10 and 21 day MA’s have crossed through both the 100 and 200 day MA’s which is usually a good confirmation of the trend.
Currency Trading E-books: Another Way to Be Rich, Or to Be Poor? – Currency trading, or Forex trading as it is generally known, is the act of exchanging one country’s currency for another The way currency trading works is simple.
June 18 2008 Forex Market Outlook http://Forex.fxdd.com – June 18 2008 FXDD Forex Market Outlook.
Forex Trading:USD/JPY approaches support – The USD/JPY heads toward support at the 107.55 to 107.65 level. The pair has been trading in a range since June 12th with this level holding the lows. The market will be watching to see if this level can break. …
Forex Trading: USD/CHF below the 50% retracement level – The USD/CHF has had a run to the downside and broke the 50% retracement level of the move up from June 9th. The level comes in at 1.0343 and will be resistance on a rebound.
Forex Trading: USD/CHF rebounds to resistance level and sells off again – Meanwhile the USD/CHF rebounded to the 50% break level at 1.0343 and sold off again. Intraday traders will be watching this level. The indications are the pair should test the lows again. A move back above the 1.0343 will neutralize the …
Dollar advances against euro, yen (AFP via Yahoo! News) – The dollar rose against the euro and the yen on Wednesday as dealers weighed up prospects for interest rate rises in the United States and the euro zone, dealers said.
Forex – Dollar edged lower as investors downward August rate outlook – The Dollar edged lower on Wednesday as investors adjusted their interest rate outlooks for the United States and the euro zone after conflicting economic data and monetary authorities toned down threats of tighter policy. …
Forex Trading News: CHF Libor (Interest Rate) Released – The Swiss National Bank kept the Libor Rate unchanged from the previous 2.75%. No change was forecast for this release. The CHF got initially weaker after this release as some did predict a rate hike. The SNB maintains GDP forecast at …
Forex Trading News: UK Data Release Gives GBP a Boost – The Retail Sales number comes out much higher than forecast at 3.5% from the previously revised -0.3%. This was forecast for a small jump to -0.1%. The Public Sector Net Borrowing Figure comes out at 11.0B from the previous -0.5B. …
Forex Trading – SNB's Roth would not rule out rate hike in Sept – USD/CHF trading at the highs after SNB passed on changing rates Roth says “not to rule out a rate hike in Sept.” This mixed signal in a way demonstrates the tightrope CBer’s are walking Weak economies – yet inflation storm clouds on the …
Forex Trading News – ECB Comments – The ECB’s Quaden (Head of the Belgian Central Bank) comments on the Euro-Zone economy noting:. Credit crisis may face a “more protracted” downturn; “Important challenges” remain for financial firms; “No reason for complacency” on …
Forex News Preview: Economic Releases and events for today – Find attached the preview of the economic releases and event for today.
Forex Trading USD/CAD More strong data Wholesale sales +1.4 … – again more evidence of strength in the Candian economy. usd cad trading lower.
Forex Trading – Canadian CPI – The core numbers came in unchanged from the prior month and as expected .3% MOM and 1.5% YOY. The market had a limited reaction to the news, as CAD$ are trading slightly better across the board.
Forex Trading: GBP/USD Intraday– New highs – GBP/USD GBP/USD has gained it’s ground back after strong UK retail sales data today and has made a new intraday high at 1.9741. Look for the 100% retracement level from the move two days ago for new support intraday. …
Forex Trading: USD/JPY daily struggling with resistance – read more.
Forex Trading: GBP the star for the day – Needless to say (or maybe not), the GBP was the star currency for the day. The GBP/USD, GBP/CHF, GBP/JPY and EUR/GBP all had the GBP moving higher. The stronger (to say the least) Retail Sales report yesterday was the catalyst for the pair …
Forex Trading: Quiet night as the weekend approaches – The markets are very quiet as the weekend approaches. The EUR/USD is converging on the 100 and 200 hour moving average but little in the way of economic releases due out in the next 14 or so hours (German PPI, Swiss PPI and Canada Retail …
Forex Video FXDD Market Outlook and Trading insight for June 20th 2008 – Forex Video FXDD Market Outlook and Trading insight for June 20th 2008.
Forex Trading News: EUR German PPI Released – The German PPI comes out at 1.0% from the previous 1.1%. A drop to 0.9% was forecast for this release. Not a great deal of change for the EUR across the board after this data.
Forex Trading News – EU Comments on Inflationary Pressure – The European Union released a few comments on current inflationary pressures surrounding the economy, namely:. Should avoid second-round effects on wages and prices. Steps to counter oil prices should be short-term, as they study tax …
Forex Trading News – Swiss Producer and Import Prices – Swiss Producer and Import Prices came in higher than expected (1.2% actual vs .9% survey) month over month, as well as higher year over year (3.9% actual vs 3.6% survey). The Swissy is trading firmer off the release with limited price …
Forexyard Analysis 19.06.08 – Yesterday, the USD lost grounds against most of its rival currencies but remained within its recent range. The recent USD… Jun 19 2008 10:25AM BST.
Pound stronger on retail sales – The UK currency was also helped by comments from Bank of England Governor Mervyn King yesterday that the Bank of England’s Monetary Policy Committee will do whatever is necessary in order to pull inflation back to the Bank’s target of 2 …
So that’s it for now!