Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
On Thursday, EUR/USD continued to hover within the sideways trading pattern that is in place since earlier this week. The Spanish bond auction went rather well, but failed to change sentiment for the better. EUR/USD dropped temporary below the 1.31 mark, but the key 1.3000/1.2974 support stayed out of reach. Yesterday, the focus of global […]
The EUR/USD Wanders Rudderless Read More »
Today’s eco calendar in Europe is near empty, but the US one is more interesting. Initial claims are expected to have dropped following last week’s surprise sharp rise. The week under review is the post-Easter week, which might again lead to distorted results. Tentatively, we put the risks on the upside of expectations, while the
EUR/GBP Moves From Spicy To Hot Read More »
The Fed goes into black-out mode ahead of next week’s FOMC meeting which will be a key meeting in that it will share updates of quarterly staff projections and forecasts from FOMC officials. The Bank of Canada announced Tuesday that it will keep its benchmark interest rate unchanged at 1%. The overnight lending rate has
Central Banks And Monetary Policy In The News Read More »
On Monday, investors on global markets didn’t really know which card to play. This uncertain trading pattern was also visible in the EUR/USD cross rate. After last week’s steep losses there was no additional news to push the pair sustained below the 1.3000 mark. On the other hand, we are also not impressed by yesterday’s
Economic Data From The US Confuses Everyone Read More »
This is a mid month week usually a quiet time for economic data. After last week’s Chinese and US data, the markets are looking for directions, but this week, will probably be all about Spain and Italy. News will take the center stage. Below is a quick listing of what to expect this week. Asia
Economic Data For the Upcoming Week Read More »
Yesterday, following a few sessions in which the euro couldn’t gain ground, enough time had passed to give the euro bulls the confidence and courage (in the US session) to buy euros. EUR/USD closed at 1.3188, a 79 tic’s gain from Wednesday evening. Commodities, that also lagged the recent risk-on rally just like the euro,
A Story About The Euro Read More »
Towards the end of last year and early this year, the EUR/GBP cross rate joined the broader market repositioning out of the euro. Investors were well aware that the ECB will keep monetary policy extremely loose in the foreseeable future and will continue to provide ample liquidity. The poor eco outlook and the unresolved debt
A Down and Dirty Look at the EUR/GBP Read More »
European markets traded higher today after Alcoa (AA), the country’s largest aluminium Producer, posted an unexpected first quarter profit after orders increased. Alcoa climbed 6.2 percent in pre-market New York trading as aluminium climbed 1 percent from a three-month low. Italy and Germany are among six countries in Europe selling debt today, while in the
Forex And Commodity Roundup Read More »
Over the past year, oil prices rose considerably in reaction to the Arab spring, reaching close to $126 per barrel in last April at the peak of the Libyan crisis. Since then, prices have not returned to the moderate levels of 2010, when the average price for the year was around $80 per barrel. Instead,
China, Crude And The GCC Read More »
Just a year or so ago, when brokers and economists were pointing that we might be facing $100.00 oil prices, everyone shook their heads and laughed. Sure oil surged up to hit $100.00 now and then but quickly fell again. With the world in recession, demand falling, consumer spending down, manufacturing collapsing, if supply and
Crude Oil And Speculators Hamper Economic Recovery Read More »
