The September Japanese Yen cleared an important technical hurdle overnight and is now in a position to challenge the July top at 1.0909.Japanese investors have been repatriating funds invested in China on speculation that the...
Read MoreThe U.S. Dollar is expected to open mixed this morning based on a slow overnight trade. The Dollar is losing ground to the Euro and Japanese Yen while showing strength versus the British Pound, Canadian Dollar and Swiss...
Read MoreToday President Obama is expected to reappoint Fed Chairman Bernanke to another term. This news did not come as surprise to the markets especially after Bernanke’s upbeat speech late last week regarding the economic...
Read MoreNow that U.S. Federal Reserve Chairman Bernanke has declared the global economy is beginning to emerge from its worst crisis in generations, the emphasis will be on whether central banks continue to work together to prevent a...
Read MoreThe U.S. Dollar is trading lower this morning following a turnaround in last night’s trading session after the release of better than expected data out of Europe. Early in last night’s trade the Dollar was...
Read MoreThis week’s action in the foreign currency markets has been dominated by choppy, two-sided trading. Traders seem to be looking for improved risk appetite but can’t find the catalyst that will propel the markets...
Read MoreThe Bank of England is dominating the news once again following the release of its minutes from the August 6th meeting. If you recall, at this meeting the BoE voted to expand its quantitative easing program. At the...
Read MoreThe U.S. Dollar is trading lower overnight following a strong two-day rally. Yesterday the Dollar rallied sharply higher versus all major currencies with the exception of the Japanese Yen as investors became risk averse...
Read MoreRisk aversion returned to the foreign currency markets overnight triggered by a sell-off in Asian equity markets. Early today, it was reported that Japan’s economy grew in the second quarter, but the rate was less...
Read MoreAs the week winds down, the focus today will be on three currency markets which formed closing price reversal tops last week. This week the September Euro, September British Pound and September Canadian Dollar confirmed...
Read More
