So, the Reserve Bank of Australia, raised rates again, no surprise there. And in their statement that began and ended almost exactly the same as their last one, it was implied that they will be hiking them again in the future....
Read MoreLast week EURJPY broke above resistance around 127.20, but failed to maintain that level and has since fallen back below it. The up trend that began on March 22nd has turned into consolidation in April, ranging between 127.90...
Read MoreThis week has seen the yen take major hits across the board. Is this the end of the carry trade fallout? Or is this just a head fake in expectation of positive employment data? Look back at USDJPY in the long term, all the way...
Read MoreFrom Reuters.com Traders cited talk of intervention by the Swiss National Bank to lift the euro against the franc. They also said there was also some SNB activity in the dollar/Swiss franc pair. The SNB was not immediately...
Read MoreWith the Federal Reserve ending its 15-month $1.25 trillion mortgage bond buying binge on Wednesday, delinquent loan buyouts by Fannie Mae and Freddie Mac could serve as the saving grace for the $5 trillion agency...
Read MoreWe have seen the European currencies lose some major ground against the dollar over the last couple of weeks. And while AUD has lost ground against USD, it is nowhere near the level of other currencies. Does AUDUSD have the...
Read MoreZeroHedge.com is reporting that the CFTC is seeing record shorts of Euro’s in non-commercial futures positions. Will this be a boon for the USD on Monday’s open in Australia? Forex traders, be aware that your open...
Read MoreThe Commerce Department released a lower than expected revision of 5.6% for fourth-quarter Gross Domestic Product (GDP) today, but that number still does not come close to meeting the true growth in GDP according to...
Read MoreThe market is risk averse during the US session with stocks and oil dropping, and the US dollar strengthening. The EUR weakened significantly, and EURUSD has broken its support neat 1.3450, reaching a new 10 month low....
Read MoreMarch 24 (Bloomberg) — Sales of new homes in the U.S. unexpectedly fell in February to a record low as blizzards, unemployment and foreclosures depressed the market. Purchases decreased 2.2 percent to an annual pace of...
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