Archive for April, 2009
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Monday, April 20th, 2009It’s a mixed bag today folks! The top gainer on the day is USD/TRY up 2.12% followed by EUR/AUD, USD/CAD, USD/ZAR and GBP/AUD. The top losers on the day are AUD/JPY down 3.52% and AUD/USD down 2.81%. Therefore there are two themes emerging this morning. One is that the dollar is strong, particularly against the [...]
Theme of the day: Swiss franc Weakness!
Friday, April 17th, 2009Currently, the USD/CHF is up 1.68% on the day while CHF/JPY is down 1.78% on the day. So the clear momentum mover on the day is the Swiss franc. It’s dropping like a rock…so the franc short sellers have been the ones to have the movement today thus far. Those of you that are in [...]
Notable Thoughts…
Thursday, April 16th, 2009New Zealand is notably weak this morning as EUR/NZD and AUD/NZD are at the top of the % gainers list intraday. NZD/JPY and NZD/USD are towards the bottom of the pack. On another note: A Swing Trade set up looks to be forming on the AUD/JPY pair. The pair has had a notable run upward [...]
Pound tops the % gainers; Euro is biggest % loser on the day
Wednesday, April 15th, 2009There was a day when the euro and pound just followed each other around the world…one slightly leading the other (and of course the GBP was the more volatile version of the euro too). However, these days, the EUR/GBP pair is not a ranging pair like it used to be. It’s been a trending pair [...]
Snap shot of how currencies have responded to the recession in 2008/2009.
Tuesday, April 14th, 2009You know you can’t crush currencies as an asset class like you can stocks or commodities, etc. But there are some that took a beating in the global recession and some that got a second wind at the same time. For the past year, you can see from the chart below that the Japanese yen reigned [...]
Don’t forget about Friday!
Tuesday, April 7th, 2009Many banks will be closed for Good Friday. So it’s not just the U.S. banks closed. This will produce very light volume on this day and would be advisable not to trade in times like that. Click on the image to enlarge it. Tags: bank, bank holiday, blog, closed, easter, forex, forextrading, good friday, holiday, [...]
Intraday momentum
Tuesday, April 7th, 2009Today the New Zealand dollar is weak…pushing AUD/NZD up over 2% intraday…and EUR/NZD is up 1%. Also, the exotic currencies are weak vs. the dollar today too…so the intraday theme so far is to be “risk adverse” being that these exotics are climbing (at least for today). NZD/USD and NZD/JPY are down the most today [...]
Don’t forget: Aussie interest rate decision @ 12:30 am EST
Monday, April 6th, 2009Don’t forget: Aussie interest rate decision @ 12:30 am EST. Expectations for rates to stay the same at 3.25%. May be a bullish sign if they don’t have to lower rates when most central banks have been “forced” to do so due to the economic climate of their own economies. Tags: Aussie, central bank, decision, [...]
Intraday thoughts
Monday, April 6th, 2009As stock market indices have raced forward over the past few weeks, many traders/investors alike are wondering if it’s not time for a pull back of sorts. Therefore, this same type of thinking is also spilling over into the currency market when it comes to the yen carry trades that have done so well to [...]
For the intraday trader, most of the action happened last night as the market gapped higher!
Monday, April 6th, 2009Not a lot of momentum out there for the intraday trader today. Most of that happened last night in the Asia session as the market cranked up and gapped upward on EUR/USD, USD/JPY, etc. Now we’re seeing a pull back within those pairs. Top gainer (% wise) on the day is NZD/JPY at 1.01% but [...]
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