How Does the US Dollar Perform Over the Month of December?
Monday, November 26th, 2007Seasonality studies have long been one of the favorite indicators among futures traders, but despite the fact that seasonal trends do form in the FX market, this type of study is largely overlooked by currency traders. Last year, we published an article on how the U.S. dollar has been performing during the month of December […]
Will Currency Markets Repeat Strong Volatility on Thanksgiving?
Wednesday, November 21st, 2007Here is the latest on DailyFX.com:
Holiday-shortened trading weeks have historically brought narrow trading ranges to the forex market, but recent volatility clearly shows that traders remain willing to force major moves ahead of the typically illiquid Thanksgiving holiday. Given that virtually all US financial markets will be closed on Thursday, November 22nd, there will be […]
US Fed: Futures Price In A 96% Chance Of A Rate Cut - Are The Markets Wrong?
Tuesday, November 20th, 2007Many FOMC members have made a point of signaling no intention of cutting rates again in the near-term, as record high oil prices significantly raise inflation risks in the economy. However, the markets appear to be trying to force the bank’s hand as federal fund futures currently price in a 96 percent chance of a […]
Currency Regimes May be Tested in the Face of Dollar Weakness
Monday, November 12th, 2007Here is a great Weekly Article that David Rodriguez one of our Currency Analysts at FXCM writes on Mondays. It’s a compilation of bank research.
Link to Article
The USD has to some extent lost its safe-haven status in connection with the ongoing financial market turmoil. In part due to the weaker USD and lower interest rates […]
FXCM SSI Signals EURUSD at 1.50
Thursday, November 8th, 2007According to Antonio Sousa of DailyFX.com, The ratio of long to short positions in the EURUSD stands at -1.94 as nearly 66% of traders are short, according to our dealing desk data on the positioning of more than 20.000 retail traders. Moreover, open interest is 2.4% stronger than yesterday but 13.4% below its monthly average, […]
Is the Euro Headed to 1.50?
Wednesday, November 7th, 2007Here is our latest special report:
Since the middle of August, being long Euros and short US dollars has one of the best trades in the currency market. In less than 3 months, the EUR/USD climbed from a low of 1.3361 to a high of 1.4731 this morning. Critical resistance levels have been broken on a […]
British Pound To 2.1000 and Higher
Monday, November 5th, 2007Cable continues to make multi decade highs, so where is resistance? A well defined bullish channel along with sentiment indicators that are not yet extreme favor the upside until at least 2.1100. Wave structure and Fibonacci levels pinpoint levels for entry and define risk. Find out where these gbp/usd levels are.
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October Non-Farm Payrolls Will Determine If the US Dollar Has Bottomed
Thursday, November 1st, 2007This Friday, we are expecting Non-farm payrolls for the month of October and now more than ever, the degree of payroll growth last month will determine whether the US dollar has hit a bottom. On Wednesday the Federal Reserve cut interest rates by 25bp in a move that some people believe will be their last. […]
Fed Cuts Rates by 25bp, Statement Neutral With Tinge of Hawkishness
Wednesday, October 31st, 2007The Federal Reserve lowered interest rates by 25bp to 4.50 percent, giving the financial markets exactly what they wanted and nothing more. The FOMC statement remained virtually unchanged, signaling that any further rate cuts by the Federal Reserve will be gradual. Interestingly enough, the Fed indicated that the upside risks to inflation roughly balance the […]
FOMC Meeting: Will We Get A Trick or Treat on Halloween from the Fed?
Monday, October 29th, 2007With the clock ticking until the all-important Federal Reserve interest rate decision at 14:15 EST on October 31st, traders are quickly upping the ante and betting that the central bank will be cutting rates on Halloween. Currently, Fed fund futures are pricing in a 98 percent chance of a 25 basis point cut to 4.50 […]
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