Stay Updated!

Sign-up for free email updates!

Forex

Index Last High Low Daily Change (%) Daily Range (% of ATR)
DJ-FXCM Dollar Index 10018.05 10059.52 10014.12 -0.32 79.55%
USD_Threatens_Major_Trend_Ahead_Of_FOMC_NFPs_JPY_Reversal_On_Tap_body_ScreenShot001.png, USD Threatens Major Trend Ahead Of FOMC, NFPs – JPY Reversal On Tap The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.32 percent lower from the open after moving 80 percent of its average true range, and we may see the greenback trade heavy throughout the North American trade as market participants …

{ 0 comments }

Talking Points Euro: ECB To Keep Rates On Hold, Expand Balance Sheet Further U.S. Dollar: 2Q GDP Tops Forecast, Fed To Soften Dovish Tone Euro: ECB To Keep Rates On Hold, Expand Balance Sheet Further The Euro advanced to 1.2313 amid reports that the European Central Bank is preparing to reinstate its asset purchase program, while German Chancellor Angela Merkel …

{ 0 comments }

Talking Points Crude Oil, Copper to Follow Stocks Higher if US GDP Boosts QE3 Hopes Gold and Silver May Find Support on Renewed Store-of Value Demand All eyes are on the second-quarter US Gross Domestic Product Expectations call for output growth to slow to an annualized pace of 1.4 percent from 1.9 percent recorded in the three months through March. …

{ 0 comments }

Gold price continued to rise for the third consecutive day; silver, on the other hand, edged down. The Euro hiked after ECB President tried to assure the markets by stating ECB is prepared to do whatever it takes to preserve the Euro. This might include bailing out Spain and Italy. This news may have also helped rally commodities rates via …

{ 0 comments }

It’s been a quiet European session as traders take a breather from yesterday’s giant Euro rally following European Central Bank President Draghi’s pro-Euro comments. After trading below the 1.2300 line through the North American session and overnight, EURUSD fell 50 points this morning as the Spanish unemployment rate was reported at 24.6%, the highest on record. However, the Spanish unemployment …

{ 0 comments }

Talking Points Currency Markets to See US GDP Report Through Prism of Fed Stimulus Bets Soft German CPI May Weigh on Euro on Building ECB Rate Cut Expectations Currency markets consolidated in narrow ranges overnight as traders waited for the second-quarter US Gross Domestic Product report to close out the week’s offering of top-tier event risk. Expectations call for output …

{ 0 comments }

Dollar Bludgeoned by Euro and Risk Rebound, GDP Data on Deck Euro: Market Reacts to ECB President Draghi’s Support Vow British Pound Wins its Biggest Intraday Rally Since May 2009 New Zealand Dollar Outpaces the Majors after RBNZ Hold Australian Dollar Moving Step for Step with the S&P 500 Japanese Yen Hit by Risk Trends, Tumble Back into Deflation Gold …

{ 0 comments }

When discussing the economic situation in any country, the official unemployment is the key number. In the US, the unemployment rate stands on 8.2% for a few months. However, this number doesn’t tell the full story. The time that people are out of work has a long term impact on the economy. The unemployment rate figure isn’t satisfying: the methods …

{ 0 comments }

USD_Outlook_Hinges_on_2Q_GDP_Data_as_Index_Closes_Above_Key_Support_body_Picture_4.png, USD Outlook Hinges on 2Q GDP Data as Index Closes Above Key Support USD_Outlook_Hinges_on_2Q_GDP_Data_as_Index_Closes_Above_Key_Support_body_Picture_3.png, USD Outlook Hinges on 2Q GDP Data as Index Closes Above Key Support The greenback is substantially weaker at the close of North American trade with the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) falling 0.74% on the session after moving an impressive 185% of its daily average true range. The drawdown marks the largest single day decline since June 29th with the index closing just above key support. The losses come amid …

{ 0 comments }

Graphic_Rewind_USD_Implies_that_Market_Confidence_is_at_EU_Summit_Levels_body_Picture_5.png, Graphic Rewind: USD Implies that Market Confidence is at EU Summit Levels USDollar 2hr GMT MarketScope Chart, Created By Adrian Robles Over the past week the FXCM USDollar Index (ticker: USDollar) climbed to 10,173 points, while market participants lost conviction for the Q2 earning rally seen last week. The subsequent sell off in equity markets around the world prompted Spain and Italy to temporarily ban short selling. On the same day as …

{ 0 comments }

Trading the News: U.S. Gross Domestic Product What’s Expected: Time of release: 07/27/2012 12:30 GMT, 8:30 EDT Primary Pair Impact: EURUSD Expected: 1.4% Previous: 1.9% DailyFX Forecast: 1.2% to 1.8% Why Is This Event Important: The advanced GDP report is expected to show the world’s largest economy expanding at an annual rate of 1.4% in the second quarter and the …

{ 0 comments }

Index Last High Low Daily Change (%) Daily Range (% of ATR)
DJ-FXCM Dollar Index 10044.80 10134.19 10029.91 -0.77 185.13%
USD_May_Threaten_Trend_Ahead_Of_FOMC_GBP_To_Hold_Range_On_BoE_Policy_body_ScreenShot097.png, USD May Threaten Trend Ahead Of FOMC, GBP To Hold Range On BoE Policy Although the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.77 percent lower from the open, the greenback remains poised for a short-term correction as the 30-minute relative strength index bounces back from a low of 15. As the index …

{ 0 comments }