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Currencies Exotics

Yen Rally Continues – Euro Recovers in Risk Off Trade and Other Top Forex News.

The dollar was mixed in a light days trading on Friday, after most risk-related currencies strengthened following the release of downbeat U.S. data yesterday. The dollar fell to its lowest level against the yen since mid-December as the fallout from yesterdays payrolls data continues to affect markets. A fall in U.S. Treasury yields and continued […]

Dollar Softens After Jobs Disappointment and Other Top Forex News.

The dollar fell against most of the major currencies on Friday after a lacklustre jobs report showed that the U.S. economy added far fewer jobs than expected last month. The official data showed that the U.S. economy added 74,000 jobs in December, compared to expectations for a 196,000 increase, after an upwardly revised 241,000 rise […]

Dollar Boosted By Strong Data and Other Top Forex News.

The dollar was boosted on Wednesday rising against most major currencies after the release of a string of better than expected data, ahead of the holiday weekend. In a busy day of releases, it was the Department of Labor’s announcement which provided most of the impetuous, when they announced that the number of individuals filing […]

Central Banks Keep Currency Objective Ticking Over

Real market moving data is in rather thin supply this US thanksgiving holiday shortened week. The twin threats of forex volume and volatility working in crisis tandem is expected to be further curtailed as the week drags on with many investors observing the US’s biggest holiday celebrations, even bigger than Christmas. Investors will gratefully convert […]

Dollar Continues March Against Yen But Softens Against Other Majors After Weak Data and Other Top Forex News.

The dollar continued to strengthen against the yen but was broadly lower against the other major currencies on Friday, after poorer than expected manufacturing data aligned with growing speculation that the Federal Reserve will maintain its stimulus program until early next year. During the U.S. session USD/JPY added 0.20% to close at 100.22. The highest […]

Dollar Rangebound Ahead of Fed Meeting and Other Top Forex News.

The U.S. dollar remained rangebound for much of the session on Monday, ahead of this weeks Fed meeting. During the morning session the dollar touched session highs against the yen and euro after official data showed that U.S. industrial production rose at the fastest pace in seven months in September. But the gains were pared […]

Dollar Hit As Traders Eye Fed and Other Top Forex News.

The dollar took a hit today against most major currencies today after Friday’s U.S. jobs report fell short of expectations, casting doubt over speculation that the Fed will begin tapering back its asset purchases later in the month. The Fed is due to hold its policy meeting on September 17-18 next week, with many traders […]

Dollar Rallies vs Yen after S&P Revises Outlook and Other Top Forex News.

The dollar extended recent gains against the yen on Monday after Standard and Poor’s lifted the long-term rating outlook on the U.S. economy to stable from negative, citing receding fiscal risks and policy makers’ willingness to support sustainable economic growth. The agency – which stripped the U.S. of its AAA credit in 2011 – affirmed […]

China Retail Sales – Current and Historical Data

Current Reading (May): 12.9% Analysts Forecast: 12.9% Previous Reading (April): 12.8% Source of Report: National Bureau of Statistics of China Release Commentary: Retail sales in China rose 12.9 percent in May from a year earlier, in line with projections, and accelerating slightly from a 12.8 percent increase in April, data released by the National Bureau […]

China Industrial Production – Current & Historical Data

Current Reading (May): 9.2% Analysts Forecast: 9.4% Previous Reading (April): 9.3% Source of Report: National Bureau of Statistics of China  China Industrial Production Release Commentary: Chinese industrial production unexpectedly fell last month amid weak domestic demand and sluggish exports growth. National Bureau of Statistics of China said industrial production in the country fell to 9.2 percent […]

Trade of the Day for May 24th, 2013 – Short EUR/SGD

Swing with Euro Sing Who doesn’t like a good swing trade? EUR/SGD is on my radar from the breach of short term resistance at 1.6300. For mine, the five day trend is against the fundamentals – QoQ reads of GDP show Singapore is emerging from contraction, whereas tonight’s final GDP in Germany is likely to […]

Trade of the Day for May 15th – Long USD/MXN

The Mexican Peso has been the strongest performing major currency in 2013, presently +5.14% higher relative to the US dollar year to date, however USDMXN may be due for a correction higher over the next few weeks. Technically, it appears the move below 12.0000 in USDMXN last week was a potential bear trap, as it […]

Trade of the Day for May 8th, 2013 – Short USD/ZAR

Something strange has been going on the last few days; the dollar index has dived below the 50-day sma, while Treasury yields have broken above their 200-day sma. Usually rising yields are dollar positive, so why is the dollar under pressure? There are a couple of reasons why the USD may stay subdued in the […]

Trade of the Day for May 1st, 2013 – Long USD/MXN

Beware Mexico and the Falling Wedge Investors have been in love with Mexico in 2013.  The nation has managed to shift the focus from its drug-riddled violence to its new government and an aggressive reform agenda.  There are a number of factors acting as a tail wind for the MXN appreciation. Growth.  Mexico in 4Q2012 […]

Precious Metals – Silver, Gold, Gold Miner Stocks On The Rise?

The past couple months investors have been focusing on the equities market. And rightly so with stocks running higher and higher. Unfortunately most money managers and hedge funds are under performing or negative for the first quarter simply because of the way prices have advanced. New money has not been able to get involved unless […]

What To Expect in the Final Week Of February for Precious Metals, Gold Stocks & Dollar

This morning we are seeing the US Dollar index move higher retesting a short term breakdown resistance level. What this means is that the dollar fell below support and is not slowing drifting back up to test the breakdown level. As we all know once a support level is broken it then becomes resistance. So […]

Five Best Trade Ideas for the Next Two Weeks

The last week of the year volume tends to be light due to the fact that big money traders are busy enjoying the holidays and waiting for their yearend bonuses. I was not planning on doing much this week because of the low volume but after reviewing some charts and risk levels on my top […]

Gold and Silver on the Verge of a Big Move

The past few months have been tough for those holding precious metals stocks, PM futures contracts or physical bullion. With silver is trading down 41%, precious metals stocks down 30% and gold 15%. It has people scratching their head. The question everyone keeps asking is when can I buy gold and silver? Unfortunately that is […]

Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)

SPOT GOLD SPOT GOLD  closed @ 15015 which was ABOVE the open and was within prior day’s trading range. The High was 3 Dollars from Precise Trader’s Res Tgt 1 and the Low was 2 Dollars from Precise Trader’s Sup Zone 1.   The Hourly Oscillators are MIXED and the Price is Below the MA, so […]

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