Submitted Aug 9, 2013|From forexblog.oanda.com|30 comments

A silent market can be the most deadly and this past week is no exception. Half-hearted interest from the remaining members on the street has seen the ‘mighty’ dollar ending this week against most of the major currencies under pressure. Apathy is ...

Submitted Aug 8, 2013|From forexblog.oanda.com|9 comments

Everyone and their mother have been trying to put a cap on the 17-member single currency. A bumper week of economic data for Germany, coupled with a confirmation of its AAA rating yesterday has boosted hopes that Europe’s solid “backbone” is again ...

Submitted Aug 7, 2013|From forexblog.oanda.com

Former Canadian CBank Governor Mark Carney knows how to make a "big" impact with his new employer at the BoE. Lets try something different, become more transparent and provide the market some 'forward guidance' was his thinking. Cable certainly took ...

Submitted Aug 6, 2013|From forexblog.oanda.com

Capital Markets are still trying to workout whether or not they should be taking a glass “half full approach” to recent US data. Friday’s US employment report was on the soft side, with even more than expected downside surprises in the accompanying ...

Submitted Aug 4, 2013|From forexblog.oanda.com

The Fed was dovish and as expected provided little natural support for the dollar. Both the ECB and BoE came and went, hardly making a currency ripple. Draghi mostly repeated things he had said before. The ECB’s commitment to low interest rates for ...

Submitted Aug 3, 2013|From forexblog.oanda.com

A disappointing non-farm payroll has caught the forex market flat-footed. Fx is taking its lead from US fixed income yields. Many investors were looking for a healthy +185k print with an unemployment rate easing to +7.5%. They did in fact get a ...

Submitted Aug 2, 2013|From forexblog.oanda.com

Today’s key event, US non-farm payrolls, will determine the direction of the dollar and all the other asset classes. The stronger than expected US data that’s been released over the past week has definitely raised market expectation to new heights ...

Submitted Jul 25, 2013|From forexblog.oanda.com|1 comment

Finally, investor’s got a plethora of data to sift through in the Euro session this morning. They were all hoping to find that winning fundamental direction. Cable had growth data to contend with while the ‘single’ currency is currently being ...

Submitted Jul 24, 2013|From forexblog.oanda.com|4 comments

Is the Euro-zone exiting recession? The 17-member single currency has managed to jump to a one month high outright this morning. Euro bourses are in the ‘black’ and German short-term yields are backing up after data from two of the regions largest ...

Submitted Jul 23, 2013|From forexblog.oanda.com

Any lack of movement in the capital market can drain the enthusiasm out of anyone. It is very difficult to get excited by an asset class where price movement is kept to a minimum and investors are looking for an in-depth reason to explain why they ...

Submitted Jul 22, 2013|From forexblog.oanda.com

Thankfully it’s Monday and the beginning of a new week – let’s hope we get some market movement and prove that the summer doldrums are a myth. Despite everything it was a busy weekend in Moscow, Tokyo and Beijing. Japanese Prime Minister Abe got ...

Submitted Jul 19, 2013|From forexblog.oanda.com

The FX market remains contained as participants continue to digest the US Fed’s Chairman Bernanke’s testimony to lawmakers this week, in which he reiterated an end to economic stimulus with no timeline mentioned. The market seems to want to position ...

Submitted Jul 18, 2013|From forexblog.oanda.com

For the 17-member single currency, The EUR’s right hand side progression has been rather slow, so much that the short-term bias is beginning to focus on the 200-DMA at or near 1.3079 below. The market has repeatedly failed to sustain the break above ...

Submitted Jul 17, 2013|From forexblog.oanda.com|5 comments

In the current environment, Capital markets are being held captive by the smallest of expressions from key central bankers, with ‘helicopter’ Ben Bernanke’s appearance before congress later today likely to dominate and test the nerves of most ...

Submitted Jul 16, 2013|From forexblog.oanda.com|10 comments

The euro has posted gains in Tuesday trading, as the pair has pushed above the 1.31 line in the European session. There are numerous releases out of both the Eurozone and the US on Tuesday, so the markets will be busy reviewing all these numbers. In ...

Submitted Jul 14, 2013|From forexblog.oanda.com

Last week some Asian currencies like the Indian Rupee touched all time lows on the back of a good employment indicator from the US. The logic being that comments made by Federal Reserve Chairman Ben Bernanke strongly suggested that the US was close ...

Submitted Jul 13, 2013|From forexblog.oanda.com

The key focus come Monday will be on the data from China this weekend. Q2 GDP growth is expected to come in at +7.5% but there concerns remain over H2 and the political willingness to accept lower growth. The fear of a Chinese economic slowdown ...

Submitted Jul 12, 2013|From forexblog.oanda.com|1 comment

So far today, markets are happily steady in the aftermath of the ‘big’ Bernanke market spike this week and before key Chinese GDP data over the weekend. Most investors would happily take Friday’s drifting for “a market aftershock.” If anything, the ...

Submitted Jul 11, 2013|From forexblog.oanda.com|3 comments

Just when you thought it was safe to get back into the water, along comes a particular wave that sideswipes you and takes you out of the game. The weaker of the dollar bulls were forcibly pushed out in the FX twilight zone – the most illiquid of ...

Submitted Jul 10, 2013|From forexblog.oanda.com|7 comments

There are times when the markets seem to make little sense. It’s moments like these that investors usually start to grasp for reasonable answers to fit their own equations. US yields have traded lower for two days and yet the dollar remained ...