Monthly archive January, 2013

A long-standing correlation between China’s economy and the Australian dollar has noticeably weakened, requiring timely adaptations on the part of AUD/USD traders. The Australian dollar (AUD) is often seen as a proxy for the Chinese economy. China is Australia’s largest trade Read More →

OPEN HIGH LOW LAST PRICE CHANGE(%) USDOLLAR Index 10180.66 10199.15 10170.26 10187.4 0.2085 EURUSD Curncy 1.346 1.3477 1.3425 1.3452 -0.0891 GBPUSD Curncy 1.5803 1.5803 1.5675 1.5688 -0.7026 USDJPY Curncy 91.06 91.26 90.57 90.79 -0.1320 AUDUSD Curncy 1.042 1.043 1.0385 1.0408 -0.1535 Prices were taken at 19:10 GMT. The British Pound was the top driver for the Dow Jones FXCM Dollar Index today, breaking to 5-month lows against the greenback. Mark Carney, who will become the head Read More →

Risk factors now threaten the improving Eurozone trade balance, potentially shifting currency rates and setting up at least four trade possibilities for early 2013. Eurostat recently published the European exports, imports, and trade balance for the first ten months of 2012 Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10186.92 10199.15 10170.26 0.20 64.10% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.20 percent higher from the open after moving 64 percent of its average true range, and the bullish sentiment surrounding the greenback may Read More →

Article Summary: Important forex volatility in the Japanese Yen, Australian Dollar, and Canadian Dollar leaves us in favor of volatility-friendly breakout trading strategies. Past performance is not indicative of future results, but such market conditions have generally coincided with outperformance Read More →

Talking Points Euro: Private Lending Contracts- ECB Warns on Cyprus, Portugal British Pound: BoE to Target Growth Amid Triple-Dip Recession U.S. Dollar: Durable Goods Top Forecast, Pending Home Sales On Tap Euro: Private Lending Contracts- ECB Warns on Cyprus, Portugal The Euro pared the advance Read More →