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- FOREX: Yen Hits 5-Month Low on Fed Outlook, Euro Eyes Portugal Bond Sale
- USD Graphic Rewind: Dollar Index Loses Ground Again: Near-Term Outlook Remains Bearish
- Longer-Term Fundamentals and Yield Differentials Continue to Drive Markets
- FOREX: Dollar Finds a Lack of Support for the Early Shift in Rate Speculation from the FOMC
- An Intraday AUD/NZD Ascending Channel is Creating Scalping Environment
- AUD/USD: Trading the Australia Employment Report
- Guest Commentary: Core Incompetency
- FX Headlines: Aussie Loses Footing After RBA Decision, Surprise Chinese Rate Hike
- Guest Commentary: Housing Will Remain a Government Program
- Forex: Euro Remains Battered, U.S. Dollar May Regain Footing On FOMC Minutes
- FOREX TREND MONITOR: Will Dollar Find Strength in Firming Fed Outlook?
- Guest Commentary: A Powerful Tool to Accelerate Your Trading Skills Every Day
- Forex Weekly Trading Forecast - 04.03.2011
| FOREX: Yen Hits 5-Month Low on Fed Outlook, Euro Eyes Portugal Bond Sale Posted: The Yen hit a five-month low as the low-yielding currency looked increasingly isolated amid firming Fed tightening bets. The Euro is focused on Portugal’s debt sale. |
| USD Graphic Rewind: Dollar Index Loses Ground Again: Near-Term Outlook Remains Bearish Posted: The greenback fell yet again on Tuesday despite multiple risk negative and dollar positive events…. |
| Longer-Term Fundamentals and Yield Differentials Continue to Drive Markets Posted: The notable divergence between short-term fundamentals and price action is somewhat unsettling, with currencies remaining well bid despite softer economic data and contagion fears… |
| FOREX: Dollar Finds a Lack of Support for the Early Shift in Rate Speculation from the FOMC Posted: The Dollar finds a lack of support from early FOMC rate increase expectations; pound rallies, powered by usually overlooked data, and yen extends weakness on further BoJ stimulus expectations. |
| An Intraday AUD/NZD Ascending Channel is Creating Scalping Environment Posted: After retracing all but approximately 200-pips of its 2011 gains in March, the AUD/NZD pair has continued to correct lower towards the bottom half of its ascending channel range; in fact, a smaller, sub-descending channel has appeared since the start of March. |
| AUD/USD: Trading the Australia Employment Report Posted: Australia is expected to add 24.0K jobs in March following 10.1K contraction in the previous month, and the rebound in employment could spur a bullish reaction in the aussie as investors speculate the central bank to tighten monetary policy further this year. |
| Guest Commentary: Core Incompetency Posted: For years the Federal Reserve has told us that in order to detect inflation in the economy it is important to separate "signal from noise" by focusing on "core" inflation statistics, which exclude changes in food and energy prices. Because food and energy figure so prominently into consumer spending, this maneuver is not without controversy. But the Fed counters the criticism by pointing to the apparent volatility of the broader "headline" inflation figure, which includes food and energy. The Fed tells us that the danger lies in making a monetary policy mistake based on unreliable statistics. Being more stable (they tell us), the core is their preferred guide. Sounds reasonable...but it isn't. |
| FX Headlines: Aussie Loses Footing After RBA Decision, Surprise Chinese Rate Hike Posted: The Aussie weakened slightly in the overnight following a slew of disappointing data from the antipodean nation, as well as surprising data from major trading partner, China. |
| Guest Commentary: Housing Will Remain a Government Program Posted: Recently, the Obama Administration seemed to flash a rare sign of laissez-faire thinking when it issued a report calling for the "winding down" of Fannie Mae and Freddie Mac, the two taxpayer-guaranteed institutions now responsible for backing at least 90% of the US mortgage market. In its press release, the Administration acknowledged that the private sector should be the "primary source of mortgage credit," and that their goal is to "bring private capital back to the mortgage market." |
| Forex: Euro Remains Battered, U.S. Dollar May Regain Footing On FOMC Minutes Posted: Mounting fears surrounding the euro-area dragged on the single-currency throughout the overnight trade, and the small reversal in the EUR/USD may gather pace during the North American session as market sentiment falters. |
| FOREX TREND MONITOR: Will Dollar Find Strength in Firming Fed Outlook? Posted:
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| Guest Commentary: A Powerful Tool to Accelerate Your Trading Skills Every Day Posted: Many traders have heard that a trading journal can be important to their success, but they do not know why it is important nor have they learned to use a trading journal as a vital tool for self-development. This may be one of the reasons why many traders don't bother with one. Failure to keep a trading journal, however, is a disservice to the trader and may be an important factor why traders continue to struggle with trading. |
| Forex Weekly Trading Forecast - 04.03.2011 Posted: US Dollar: FOMC Minutes and ECB Rate Decision Dominate Pivotal Week Euro is Guaranteed Trend and Momentum with the ECB Rate Decision Japanese Yen to Weaken Further on Rising US Yields, Recovery Hopes British Pound Outlook Remains Flat, BoE To Maintain Current Policy Canadian Dollar Rally May Gather Pace As Growth Prospects Improve Australian Dollar Could Advance on Renewed Risk Appetite New Zealand Dollar to Extend Gains on Well-Supported Risk Appetite Gold Outlook Remains Bullish on MeNa Tensions, Inflation Concerns |
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