Archive for February, 2008
« Previous Entries Next Entries »Forex Radio - US Dollar and Carry Trade Drop on Bernanke Testimony, Further Losses Ahead?
Thursday, February 14th, 2008Listen to our Evening DailyFX Forex Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM021408.mp3
Key Points
· US Dollar loses ground on Federal Reserve growth downgrades, Bernanke testimony
· Australian dollar and rest of carry trade take a hit - where to next?
Tell us what you think of our podcast and send us an e-mail at research@dailyfx.com
To chat with us and other traders about […]
What is Slippage?
Thursday, February 14th, 2008You bought the EUR/USD at 1.4000 and the market is now trading at 1.4025. Since there is an economic release due out in 15 minutes, you move your protective stop up to 1.4000 to protect your winning trade from turning into a losing trade. The number is released and the market trades down through your […]
DailyFX Forex Radio - US Dollar Sees Tepid Reaction to Retail Sales, British Pound Rallies Big on Bank of England Rhetoric
Wednesday, February 13th, 2008Listen to our Evening DailyFX Forex Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM021308.mp3
Key Points
· US Dollar sees tepid reaction to Advance Retail Sales release, all signs point to further Fed Rate Cuts
· British Pound continues rally on hawkish Bank of England rhetoric - no more BoE rate cuts?
Tell us what you think of our podcast and send us an e-mail […]
DailyFX Forex Radio - US Dollar Awaits Key Advance Retail Sales Report, Why Did the British Pound Rally?
Tuesday, February 12th, 2008Listen to our Evening DailyFX Forex Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM021208.mp3
Key Points
· US Dollar awaits critical Advance Retail Sales report after dismal Philadelphia Federal Reserve reports
· British Pound rallies despite weak Consumer Price Index data - What gives?
Tell us what you think of our podcast and send us an e-mail at research@dailyfx.com
To chat with us and other traders […]
DailyFX Forex Radio - US Dollar Sees no Help from G7, Australian Dollar Sees Big Boost from RBA
Monday, February 11th, 2008Listen to our Evening DailyFX Forex Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM021108.mp3
Key Points
· The first drop in US nonfarm payrolls in four years and the dollar ends the day higher, what gives?
· With the FOMC cut behind us, we now look to the RBA, BoE and ECB rate decisions.
Tell us what you think of our podcast and send us an e-mail […]
DailyFX Forex Radio - US Dollar Softens As UK Inflation Pressures Persist, RBA Remains Hawkish
Monday, February 11th, 2008Click Link to Listen to our Morning DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioAM021108.mp3
Fundamental Headlines
• AUDUSD – The release of the RBA’s Quarterly Monetary Policy Statement reiterated the bank’s hawkish bias. While the statement noted that the bank “had to take into account sharply contrasting domestic and international developments,” the RBA remained focused on “uncomfortably high” inflation risks and […]
DailyFX Forex Radio - Dollar Finishes Week on a High but Watch out for G7 Meeting Communique
Friday, February 8th, 2008Listen to our Evening DailyFX Forex Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM020808.mp3
Key Points
· US Dollar finishes on a high despite speculation of OPEC change to dollar peg
· Upcoming G7 Communique to provide further guidance on US Dollar outlook
Tell us what you think of our podcast and send us an e-mail at research@dailyfx.com
To chat with us and other traders about […]
Predicting the news is one thing….predicting the market reaction is another.
Thursday, February 7th, 2008Today we got word that the European Central Bank kept their interest rates unchanged while the Bank of England lowered their interest rates. Since higher interest rates usually lead to a higher currency value while lower interest rates usually lead to a lower currency value, FX Power Course students have been asking us why the […]
DailyFX Forex Radio - Nikkei Plummets 4.7% Overnight, But Carry Trades May Start to Stabilize
Wednesday, February 6th, 2008Click Link to Listen to our Morning DailyFX Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioAM020608.mp3
Fundamental Headlines
• USDJPY – The Japanese leading economic index signaled a slowdown for the fifth straight month printing at 40.0%. As a US slowdown weighs on the export dependent economy, manufacturers are planning to reduce production. Domestically the story isn’t any better as consumer confidence is […]
DailyFX Forex Radio - US Dollar Stays Afloat Despite Dismal ISM Services Figures, Further Rallies Ahead?
Tuesday, February 5th, 2008Listen to our Evening DailyFX Forex Radio PodCast:
http://www.dailyfx.com/export/sites/dailyfx/files/FXRadioPM020508.mp3
registerButtonOcms(”ocms_833414″);
Key Points
· US Dollar trades higher despite dismal ISM Services Report
· Japanese Yen fails to rally despite Dow Jones Industrials tumble - can we expect yen losses?
Tell us what you […]