Monthly archive June, 2013

Trading the News: Australia Gross Domestic Product What’s Expected: Time of release: 06/05/2013 1:30 GMT, 21:30 EDT Primary Pair Impact: AUDUSD Expected: 0.7% Previous: 0.6% DailyFX Forecast: 0.5% to 0.7% Why Is This Event Important: The Australian economy is expected to grow another 0.7% following the 0.6% expansion Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10718.61 10731.34 10663.54 0.45 90.47% Chart - Created Using FXCM Marketscope 2.0 The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.45 percent higher from the open after moving 90 percent of its average true range, and the Read More →

Talking Points Euro: Producer Prices Disappoint, ESM in ‘Final Talks’ British Pound: BoE Governor King Sees ‘Gentle Recovery’ U.S. Dollar: Fed’s Esther George in Focus Amid Read More →

The US Dollar may extend an overnight recovery following yesterday’s sharp selloff as comments from Fed officials rekindle QE3 reduction expectations. Talking Points US Dollar May Bounce as Fed-speak Reboots QE Reduction Bets Aussie, NZ Dollars Correct Sharply Lower After Yesterday’s Gains The US Read More →

EUROPEAN SESSION UPDATE: USD/JPY rebounds back above 100 as Nikkei closes up 2%; Aussie sustains losses despite RBA rate hold… Attention during today’s European session in the Forex markets may have remained focused in Asia and Australasia, as the Yen and Read More →

It is often said that every crisis is created in the aftermath of the prior one. The Federal Reserve and other central banks response to the 2007-2009 financial crisis has been to drive interest rates to extremely low levels by Read More →