Stay Updated!

Sign-up for free email updates!

Thursday, April 5, 2012

Dollar: Will NFPs Provide the EURUSD 1.30 Break, S&P 500 Reversal?
Euro Drops Back to Serious Dollar Support, Troubles SNB as Crisis Fears Return
Swiss Franc: Central Bank Forced to Buy Euros as 1.2000 Violated
Canadian Dollar Rallies after Best Employment Report Showing In Over 3 Years
British Pound Shows Surprisingly Little Reaction to BoE’s Mum Rate Decision
Japanese Yen…

{ 0 comments }

Barcelona based Caixabank became Spain’s largest bank. This happened after it bought a relatively newly formed large bank named Banca Civica.
While the deal has many positive aspects, its large size may pose a problem for Spain’s fragile economy.
Positive aspects of the deal:
The new entity has a core capital ratio of 10.4 – in line with European standards…

{ 0 comments }

NFPs_to_Make_or_Break_QE_Hopes-_Fate_of_the_USD_Hangs_in_the_Balance_body_Picture_4.png, NFPs to Make or Break QE Hopes- Fate of the USD Hangs in the Balance
NFPs_to_Make_or_Break_QE_Hopes-_Fate_of_the_USD_Hangs_in_the_Balance_body_Picture_3.png, NFPs to Make or Break QE Hopes- Fate of the USD Hangs in the Balance
The greenback is modestly firmer at the close of North American trade with the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) advancing 0.16% on the session. The gains come on the back of a lackluster performance in US equities with the major stock indices closing mixed on the session after dipping in and out of positive territory. The Dow and…

{ 0 comments }

Recent Events: GBPUSD recently witnessed what appears to be a false upside breakout of the range it had been trading in. Despite this, there is still an upward bias at the present time.
GBPUSD Analysis – Long-term View
Since 2009 the GBP/USD has been trading within a large symmetric triangle. Therefore, price action has been converging between rising and falling…

{ 0 comments }

Index Last High Low Daily Change (%) Daily Range (% of ATR)
DJ-FXCM Dollar Index 10031.8 10048.07 9998.2 0.10 74.45%

USD_Index_Looks_To_March_Highs_Ahead_Of_NFPs_AUD_Weakness_Ahead_body_ScreenShot113.png, USD Index Looks To March Highs Ahead Of NFPs, AUD Weakness Ahead
The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 10 percent higher from the open after moving 75 percent of its average true range, and we may see the greenback appreciate further over the next 24-hours of trading as market

{ 0 comments }

Gold and silver tumbled during yesterday’s trading which was stem, in part, from the shift in market sentiment as a result of the recent publication of the minutes of the FOMC meeting back from March. On top of that according the ADP the U.S non farm payroll rose by 209k during March. If this figure will come close to the…

{ 1 comment }

Fundamental Headlines
- Jobless Claims in U.S. Fell to Lowest Level in Four Years – Bloomberg
- Spanish Economic Woes Rattle Investors as European Markets Slide – Bloomberg
- March Sales Brighten Retailers’ Profit Prospects – Reuters
- Irish Central Bank Sees Signs of Stability – WSJ
- SNB Euro Floor Breached – WSJ
European Session Summary
Data was sparse…

{ 0 comments }

Talking Points

Euro: Eyes 1.3000 Amid Renewed Threats For Contagion
British Pound: Threatens Upward Trend, BoE Maintains Current Policy
U.S. Dollar: Continues To Benefit From Risk Aversion, NFPs In Focus

Euro: Eyes 1.3000 Amid Renewed Threats For Contagion
The Euro extended the decline from earlier this week to reach a fresh monthly low of 1.3038 and the single currency may…

{ 0 comments }

Ron Rowland

April is here, which means warmer weather for most of us. Unfortunately, it also brings income tax time.
This year you get an extra day to procrastinate since April 15 falls on Sunday. A small consolation, but I’ll take it.
As an ETF investor you have some advantages in the tax department, but you aren’t completely off the hook.
Today

{ 0 comments }

Talking Points

Crude Oil, Copper Vulnerable as S&P 500 Futures Point to Risk Aversion
Gold and Silver to Decline if US Dollar Rides Haven Flows Higher Again

Commodity prices are treading water in European hours as markets digest two days of aggressive selling in the aftermath of a hawkish set of FOMC minutes. S&P 500 stock index futures point firmly…

{ 0 comments }

Trading the News: Canada Net Change in Employment
What’s Expected:
Time of release: 04/05/2012 12:30 GMT, 8:30 EDT
Primary Pair Impact: EURCAD
Expected: 10.5K
Previous: -2.8K
DailyFX Forecast: -5.0K to 5.0K
Why Is This Event Important:
Canada’s job report is expected to show a 10.5K rise in employment and a rebound in payrolls may instill a bullish outlook for the…

{ 0 comments }

Talking Points

Bank of England Rate Decision Likely Another Non-Event for British Pound
Swiss CPI to Show Deeper Deflation, May Stoke EURCHF Floor Hike Bets
US Dollar Corrected Lower Overnight, with Aussie and NZ Dollars Leading
European Currencies Struggle After ECB Rate Decision, Spanish Bond Sale

The Bank of Englandrate decision headlines the economic calendar in European hours, but the…

{ 0 comments }