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Currencies Direct Reviews
A Dead Cat Does Not Bounce 18, September 2009 The pound is under intense pressure this morning falling to 1.10 against the euro and slipping against the USD. The pound has not been helped by wobbly risk sentiment, but the main damage seems to have been inflicted by an article in the...
Weekly Currency Review - Week Ending July 31, 2009
The dollar survived a test of 2009 lows over the first half of the week and was able to regain some ground as stock markets turned more cautious. The US currency was unable to generate strong momentum and drifted lower late in the week as markets still looked to take an optimistic stance towards...
Higher Equity Markets Should Ignite Breakout Rallies in AUD USD and NZD USD
Sellers took it easy on the Dollar on Friday following a week which saw the greenback give back much of its recent gains. Stronger appetite for higher yielding assets fueled by better than expected earnings reports and perceptions that the U.S. economy would recover sooner rather than later...
Higher Equity Markets Should Ignite Breakout Rallies in AUD USD and NZD USD
Sellers took it easy on the Dollar on Friday following a week which saw the greenback give back much of its recent gains. Stronger appetite for higher yielding assets fueled by better than expected earnings reports and perceptions that the U.S. economy would recover sooner rather than later...
Better Economic News and Earnings Weaken U.S. Dollar
What started out to be a sideways day ended with the U.S. Dollar taking another hit as investors renewed their quest for risk late in the trading session and into the close. Even before the U.S. Forex trading session started there were signs that today would be an unusual day as stories were...
U.S. Dollar Under Pressure as Investors Seek Better Returns
The GBP USD is still in a down trend because of the lower top, lower bottom formation but this did not stop this pair from testing a retracement level at 1.6452.The USD JPY was the only positive Dollar-based major currency. This pair is continuing the rally which began on Monday following a...
Technical Reversal in USD JPY Signals Bottom
The desire to hold on to Japanese Yen for protection diminished as demand for higher yielding assets increased. Yesterday's closing price reversal bottom in the USD JPY was confirmed by the follow-through rally today. The short-term range is 96.98 to 91.73. If the counter-trend rally continues...
Equity Market Rally Encourages Flight from Dollar
The U.S. Dollar started the week on the bull side of the market as its uptrend was expected to remain intact. Trading was anticipated to be defensive. Investors were most likely to remain risk averse while stocks continued to remain weak and the global economic picture was once again moving...
Falling Equity Markets Dictate Yen and Euro Direction
Both the Japanese Yen and Euro were in the spotlight on Friday. Both are being affected by the same news but both are moving in opposite directions versus the Dollar. The central theme driving investors out of the Euro is risk aversion. Speculation that the global economic recovery is stalling...
USD JPY Falls as Investors Seek Shelter from Falling Equity Markets
The weaker equity markets and thoughts of the U.S. economy starting another lower slide are helping the Japanese Yen appreciate. Trader demand for higher risk assets is diminishing. Japanese investors who moved money out of the Yen for higher yields are now buying Yen for protection against a...
USD JPY Declines on Talk of Diminished Role for U.S. Dollar
The USD JPY traded sharply lower for a couple of reasons. The first and main reason is flight-to-safety. The second reason is the call for nations to diversify away from the U.S. Dollar. Global equity and commodity markets were down sharply on Monday as traders liquidated their positions in...
Weak U.S. Unemployment Report Could Break USD JPY
The USD JPY continued its slow grind higher on Wednesday, but weakened into the close as traders took precautions ahead of Thursday's U.S. Non-Farm Payroll Report. Some traders lightened up their positions while others bucked the trend and went short in anticipation of a worse than expected...
Weak Equity Markets Pressure USD JPY
Weakness in the equity markets contributed to the sell-off in the USD JPY. Japanese investors are selling Dollars during this week phase in the stock market in order to preserve capital. The lack of trader demand for risky assets is also putting downside pressure on the market. A key retracement...
USD JPY Goes Through Corrective Phase
The USD JPY is in an uptrend, but going through a corrective phase. The next upside objective is the swing top at 99.75. At this time the trend is in no danger of changing to down. The closest swing bottom is at 99.45.
Mixed Fundamentals Leads U.S. Dollar Higher
A growing political crisis in the U.K. contributed to weakness in the Pound. In Japan, news that the current-account surplus was below analyst estimates triggered weakness in the Yen. The Canadian Dollar traded nearly flat after stock and crude oil rallied near the close. The Australian and New...
