FX News

Forex Analysis: Euro at Risk as Confidence in Greece Deal Unravels

Talking Points Japanese Yen Sold as Asian Markets Rise on Euro FinMIn Summit, China Data Euro, Risk Appetite Vulnerable as Markets’ Confidence in Greece Deal Unravels Soft Set of US Economic Data May Amplify Downward Pressure on Sentiment The Japanese Yen underperformed in overnight Read More →

Dollar Breaks Critical Support but Doesn’t Collapse…Yet

Dollar Breaks Critical Support but Doesn’t Collapse…Yet Euro Refuses to Rally above 1.3000 After EU Takes Greek Rescue Steps Japanese Yen Wavers Despite Risk Trends, Stimulus Expectations British Pound: A Hawk Comes to the Bank of England Canadian Dollar: Will Carney’s Absence Weigh the Read More →

Forex: EUR/USD- Trading the U.S. Consumer Confidence Report

Trading the News: U.S. Consumer Confidence What’s Expected: Time of release: 11/27/2012 15:00 GMT, 10:00 EST Primary Pair Impact: EURUSD Expected: 73.0 Previous: 72.2 DailyFX Forecast: 74.5 to 71.0 Why Is This Event Important: The Conference Board’s Consumer Confidence survey is expected to increase to the highest since Read More →

Forex: Scalping the GBP Rally- USDOLLAR, AUD Approach Key Levels

GBPUSD Daily Chart The sterling's breach above 1.5955 was technically significant as it breached the S1 monthly pivot and the 38.2% retracement from the November 1st high (also was the close low in October). The pair encountered resistance at the 61.8% Read More →

Forex: USD To Rebound Ahead Of Fed Beige Book- JPY Reversal Under Way

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 9977.73 9988.6 9972.97 -0.04 41.14% Although the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains little changed on the day, we’re seeing the greenback threaten the lower bounds of the upward trending channel carried over from the Read More →

Forex Strategy: US Dollar and Japanese Yen Weakness Likely

Article Summary: The US Dollar has traded to fresh monthly lows against the Euro and other key currencies, while the Japanese Yen trades beyond major support levels. Extremely low forex options market volatility expectations support the case for further JPY Read More →