Forex Traders market comments

Forex Market forecast yields more than 70 pips profit   00:15GMT EUR/USD 1.3245   According to our previous forecast, buyers emerged upon the strong support between the 3177-97 suggested level for a nice 70 pip thrust. (The wedding and reception has ended now let’s see how everyone feels). Price is now strongly converged and as suspected last night... Read more...

Forex Market Movement Timing Alert: EUR/USD Friday May 1, 2009

Forex Traders may consider this market timing price action forex trading signal 05:00 -05:40 GMT for 3.5 hours duration with semi-strong price action This Alert may have a starting time and duration deviation of  +/- 25 minutes Price action ratings are low, moderate and strong; this alert is ’semi-strong’ I know I cannot be perfect but I... Read more...

Yen Falls to 2-Week Low Versus Euro, Dollar on Demand for Yield (Bloomberg)

May 1 (Bloomberg) — The yen declined to a two-week low against the euro and dollar on speculation a report today will show U.S. manufacturing contracted at a slower pace, encouraging investors to buy higher-yielding assets. Read more….  Read More →

Yen Trades Near Two-Week Low Versus Euro on Higher-Yield Demand (Bloomberg)

May 1 (Bloomberg) — The yen traded near a two-week low versus the euro on speculation a report today will show U.S. manufacturing contracted at a slower pace, encouraging investors to buy higher-yielding assets. Read more….  Read More →

Australian, New Zealand Dollar Coming Off 9-Year High (Daily FX)

Australian Dollar price action has hit highs seen at the start of this past March and in July of 2008 against its New Zealand counterpart (Chart 1). A wider perspective reveals that these exchange rate levels are at highs last seen in late-2000 (Chart 2). Read more….  Read More →

Yen Falls to 2-Week Low Versus Euro, Dollar on Demand for Yield (Bloomberg)

May 1 (Bloomberg) — The yen declined to a two-week low against the euro and dollar on speculation a report today will show U.S. manufacturing contracted at a slower pace, encouraging investors to buy higher-yielding assets. Read more….  Read More →

Yen Trades Near Two-Week Low Versus Euro on Higher-Yield Demand (Bloomberg)

May 1 (Bloomberg) — The yen traded near a two-week low versus the euro on speculation a report today will show U.S. manufacturing contracted at a slower pace, encouraging investors to buy higher-yielding assets. Read more….  Read More →

Mexican Peso Drops After Carstens Says Economy to Fall on Flu (Bloomberg)

April 30 (Bloomberg) — Mexico’s peso fell for the first time in three days after Finance Minister Agustin Carstens said economic activity will drop for the next two or three months, reviving concerns the swine-flu outbreak will deepen a slump. Read more….  Read More →

Yen Falls to Two-Week Low on Company Profits, High-Yield Demand (Bloomberg)

April 30 (Bloomberg) — The yen fell to a two-week low versus the euro and Canadian dollar as better than estimated corporate profits reported in April and a decline in currency swings spurred investors to buy higher-yielding assets. Read more….  Read More →

Rand Gains, Firming Rank as Best of Emerging Markets in 2009 (Bloomberg)

April 30 (Bloomberg) — South Africa’s rand posted its steepest monthly gain since September 1986 as investors bet rate cuts may help the continent’s largest economy avoid the worst of the global recession. Read more….  Read More →

British Pound Surges Against Most Major Rivals (INO News)

(RTTNews) – The British currency advanced against most of its major counterpart in New York deals on Thursday. The pound climbed to new multi-day highs against the Swiss franc and Japanese yen. Read more….  Read More →

Rushydro plans 19 bln rouble secondary share issue (Reuters via Yahoo! Philippines News)

MOSCOW, April 30 (Reuters) – Russian hydroelectric giant RusHydro said on Thursday it plans a 19 billion rouble ($576.3 million) secondary share issue, and will put the proposal to shareholders at an annual meeting on June 10. Read more….  Read More →

Canadian Dollar Benefits from Positive Market Sentiment

(CEP News) – The Canadian dollar is the top performing currency as positive sentiment continues to sweep through financial markets Thursday morning. Read more….  Read More →

Weak European Data Drags Euro Down Against the U.S. Dollar

(CEP News) – Weak inflation and employment data is taking its toll on the euro as it remains under pressure against the greenback Thursday morning. Read more….  Read More →

USD Weaker After WHO Raises Swine Flu Risk Level; Ahead of Chrysler Bankruptcy

(CEP News) – The U.S. dollar is broadly weaker on Thursday after the World Health Organization raised the pandemic threat level on the swine flu to level five and ahead of what many anticipated will be a bankruptcy filing from Chrysler on Thursday. Read more….  Read More →

Sterling Mixed After WHO Upgrades Swine Flu Risk Level; UK House Prices Fall

(CEP News) – The pound sterling is mixed on Thursday after the World Health Organization raised its pandemic threat level on the swine flu to five. In other news, UK house prices fell less-than-expected in April. Read more….  Read More →

Yen Weakens as Swine Flu Risk Level Upgraded; BOJ Downgrades GDP Forecast

(CEP News) – The yen is weaker on Thursday after the World Health Organization upgraded the threat level on the swine flu to level five and after the Bank of Japan downgraded its GDP forecast for fiscal 2009. Read more….  Read More →

Forex Market Update: Who Is Holding The Cards?

Are Liquidity Providers Holding The Cards Yet? Last Nights Tokyo Forecast yields more than 150 pips profit   Immediate support is 3241, then 3183-3162 and immediate resistance is at 3317   Any break of 3157 and the eur/usd rushes to 3089/69 and then possibly 2990   Above 3343/57, the roof is open to 3434, 3510-3577 with pure exhaustion at 3678/3737   Buyers... Read more...

Greenback Down Against Euro in Forex Trading

U.S. dollar drops as risk appetite rises Earlier today, the euro pulled back a bit in forex trading on the currency market. Now, however, that brief drop appears to coming to an end and it is the dollar that is falling in currency trading. Indeed, dollar weakness is starting to show in currency trading on the FX market as hopes of an economic recovery... Read more...

Thu Apr 30

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