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Forex News: Euro Rise Defies Predicted Sentiment Following US Chatter

So what happened to that Euro decline? As I mentioned in yesterday’s opening comments, there were mass calls for the Euro to drop against the safe haven US Dollar following a rally related to the Greek aid agreement. Instead, the Read More →

Forex Analysis: Euro May Fall on German Jobs Data, Franc Eyes GDP Data

The Euro may fall as a soft German jobs report boosts ECB easing expectations while the Swiss Franc is vulnerable if third-quarter GDP data disappoints. Talking Points Euro May Fall as Soft German Jobs Report Boosts ECB Rate Cut Bets Swiss GDP Disappointment Read More →

Forex: Dollar Retreats to Channel Support on Fiscal Cliff Musings

Dollar Retreats to Channel Support on Fiscal Cliff Musings Euro Recovers from 1.2900 Tip but Little Individual Strength Swiss Franc: SNB’s Jordan Suggests There is No Limit to Stimulus Australian Dollar: Rate Outlook Fading, Risk Trends Firming British Pound Drops Even Against the Dollar Read More →

Forex: EUR/USD- Trading the German Unemployment Report

Trading the News: German Unemployment Change What’s Expected: Time of release: 11/29/2012 8:55 GMT, 3:55 EST Primary Pair Impact: EURUSD Expected: 16K Previous: 20K DailyFX Forecast: 15K to 20K Why Is This Event Important: Unemployment in Germany is projected to increase another 16K in November and the ongoing Read More →

Guest Commentary:It’s An Ugly Contest—But Sterling Could Have The Edge

Trying to pick a winner between euro/sterling fundamentals could easily be called the "least ugly contest" right now. Both the UK and the Euro-zone have faced massive economic challenges in recent months and years and neither economy sees particularly bright Read More →

Forex: USD Threatens Bullish Trend- JPY Outlook Hinges On Election

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 9972.79 9999.03 9970.98 -0.12 76.36% Although the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.12 percent lower from the open after moving 76 percent of its average true range, the recent weakness in the reserve currency Read More →