Election, Fed, & Jobs
The month of October ended on a cautious note in the broad markets. The USD held firm against the EUR. However, the GBP did manage to keep pace against the greenback. Wall Street managed to turn in...
Author: bforex.com
Cautious Trading Across The Boards
A solid day of range trading took place within the broad market place. The currencies essentially saw the USD trade strong early on and then tend to give back a bit of ground as the day progressed.
USD – Important Days Ahead For The U.S.
The USD held onto its gains from the day before and started to raise the eyebrows of investors who may believe the slide in the greenback has almost reached its end. The USD picked up ground against...
Market Updates
GBPJPY Once again we are seeing a tag of the channel lines in the GBPJPY, although prices managed to push through briefly. The channel trade has worked excellently on this pair over the past 6 weeks, although...
EUR – Bond Issues A Concern
Bond markets internationally have been a nervous bunch with the prospects of a Fed intervention and continued turmoil in Europe shadowing bonds in Greece and Portugal. The EUR struggled again on Wednesday and this came with little...
GBP – Will Data Continue To Be Good?
The Sterling did trade slightly lower on Wednesday but maintained a fairly comfortable range. The Nationwide HPI will be released today and is expected to have a result of minus -0.3%. Tomorrow Net Lending to Individuals and...
JPY & AUD – Gold Being Watched By All
The Bank of Japan made no changes to its monetary policy earlier today and the JPY has stayed well within it strong consolidated range versus the USD. The AUD also had a rather small range on Wednesday...
Mixed Data, Plenty Of Questions
In a sudden shift the USD gained ground against the EUR on Tuesday while suddenly losing momentum against the GBP. Better than anticipated CB Consumer Confidence numbers were seen, but they were hardly earth shattering. Also the...
Market Weakness
EURJPY The EURJPY continues to slide, and has settled into a descending trading channel. Today’s tag of the upper channel line was marked with a doji candlestick, followed by a strong drop down.
USD – Economic Prospects Trouble Investors
The USD had a repeat performance on Monday basically copying its range trading that took place before going into the weekend. The USD has gained slightly against the GBP, but continues to struggle against the EUR and...