G7 Meeting - How to Trade It
Thursday, October 18th, 2007Currency trading markets are likely to see extensive volatility in the week ahead, as forex speculators are largely unsure of what to expect from the weekend’s G7 summit in Washington DC. The event has historically forced extensive moves in the Japanese Yen and other major currencies, and this particular meeting should be no exception. Indeed, […]
Poor Earnings and Lack of Liquidity Drive the Stock Market Lower. Will the Fed Cut?
Wednesday, October 17th, 2007Money Markets Liquidity Remains Tight with Short Term Rates Significantly Higher than the Fed Funds Target. Credit Default Swaps Rise More than 8.5 percent On Concern Over the Future of the Credit Derivatives Market.Retail Sales Upbeat, but Markets Unsure on Consumption Outlook.
Click here to join DailyFX Analysts in discussing the Watch What the Fed Watches […]
USDCAD - Ready to Bottom?
Monday, October 15th, 2007For the past 2 months, USDCAD has been on a one-way downtrend that has seen virtually no retracements and everyone has been trying to figure out when the weakness will come to an end. According to the latest COT report, speculative longs in the CAD have hit a record high. With sentiment so […]
DailyFX Fourth Quarter Currency Forecasts
Thursday, October 11th, 2007Our Fourth Quarter Currency Forecasts have been released, hot off the press for the EURO, US DOLLAR, JAPANESE YEN, BRITISH POUND, SWISS FRANC AND COMMODITY CURRENCIES!
Read them now
Q4 Forecasts
Tags: currency forecast, dailyfx, dollar
GBP/USD a Buy?
Monday, October 8th, 2007According to our Speculative Sentiment Report from last Thursday, the SSI for the GBP/USD flipped from negative to positive. In the past, when retail was long but flipped to net short, the GBP/USD has rallied in the following days. Based upon this information, now may be a good time to buy the GBP/USD for a […]
Forex Markets React to Non-Farm Payrolls
Friday, October 5th, 2007Check out our Instant Insight on the Non-Farm Payrolls on DailyFX. Here are the numbers:
Change in Non-Farm Payrolls: 110k Actual, 89k Previous
Unemployment Rate: […]
Forex Markets Sit Tight for Non-Farm Payrolls
Thursday, October 4th, 2007This Friday, we are expecting Non-farm payrolls for the month of September and now more than ever, the fate of the US dollar and stability of the US economy hinges upon the outcome of tomorrow’s labor market report. On September 18th, the Federal Reserve cut interest rates for the first time in 4 years. Although […]
Forex - Risk of Bank of England Rate Cut?
Wednesday, October 3rd, 2007Like the European Central Bank, the Bank of England is expected to leave interest rates unchanged. Typically they do not release a statement when rates are not altered, but last month they took the unusual step of doing so. Aside from that time, a statement was only released on two other occasions since the BoE […]
Forex: Australian Dollar’s Limit is 10 Trading Days
Tuesday, October 2nd, 2007The Australian dollar has had a magnificent run over the past few weeks but that run has finally come to an end after 10 consecutive days of strength. It seems that 10 days is the max of any AUD/USD rally. Back in July, when the currency pair raced from 8550 up to 8800, the one […]
Forex Reversal in Store for Swiss Franc?
Monday, October 1st, 2007We just published our COT Report on DailyFX.com
Although EUR/USD positioning is not at any extreme levels, Swiss position is.
According to David Rodriguez:
CHF: Speculative positioning has reached extreme overbought levels on the Swiss Franc (oversold on the USDCHF), suggesting that a turn may occur in the coming weeks of trade. Though we are reminded that positioning […]