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- Submitted Jun 8, 2013|From forexblog.oanda.com
The past week has more to do with the flight of the Yen rather than the rise of the EUR. The dollar was beaten down during a liquidity fire sale ahead of a QE tempering employment argument release, rather than the market love for a “unionized ...
- Submitted Jun 7, 2013|From forexblog.oanda.com
Expect Bernanke to play down the significance of one employment number – Friday’s headline print will do little to clarify the Fed’s QE tapering debate and by default the dollar’s position. This will make for a relatively volatile summer in FX, and ...
- Submitted Jun 7, 2013|From forexblog.oanda.com|4 comments
It was not supposed to happen this way. Many were anticipating a contained trading range. Yesterday’s ‘big’ currency move was expected to take place after this morning’s highly anticipated and a potential watershed moment for non-farm payrolls. It ...
- Submitted Jun 6, 2013|From forexblog.oanda.com|3 comments
Everyone will try and keep all their necessary trading very close to home and pare questionable positions ahead of tomorrow’s highly anticipated US non-farm payroll report. Already the below consensus US ADP and relatively soft reading on the ISM ...
- Submitted Jun 5, 2013|From forexblog.oanda.com|3 comments
So far this week we have seen that Monday’s Euro PMI reports have been tentatively supporting a market view that the Euro-zone downturn that we have been caught up in is possibly stabilizing. Interestingly the IMF’s Christine Lagarde has a different ...
- Submitted Jun 4, 2013|From forexblog.oanda.com|2 comments
Wow! Pricing in the “tapering trade” can unwind just as quickly. Yesterday provided another fine example of how swiftly a fickle market can change sentiment. A disappointing US ISM headline print took investors by surprise and provided the market ...
- Submitted Jun 3, 2013|From forexblog.oanda.com
Now that the May month-end pricing and rebalancing shenanigans is completed, this market can get back to watching the Nikkei continue to paint the town ‘red,’ along with a stronger yen that’s now worrying a few of the weaker short positions out ...
- Submitted Jun 1, 2013|From forexblog.oanda.com|1 comment
May was a month to forget for those individuals who panicked when they were unable to handle the volatility of the Nikkei. For a larger percentage it was a month when they took some profit off the table in two of the worlds most crowded trades – ...
- Submitted Jun 1, 2013|From forexblog.oanda.com
Enjoy this weekend and get some rest, as next week is a new month littered with central bank rate announcements, ending with the ‘granddaddy’ of economic indicators, the US non-farm payroll report. If none of the above releases ‘tickle your fancy’ ...
- Submitted May 31, 2013|From forexblog.oanda.com|3 comments
The forex month-end re-balancing requirements sometimes have a habit of creating market price anomalies that can never be explained, no matter how much technical or fundamental analysis is thrown at the gyrating price movements. Occasionally, the ...
- Submitted May 30, 2013|From forexblog.oanda.com|11 comments
Investors remain wholly unconvinced about the dollar and the Fed. Some of this ‘big’ dollar move left has been about front running month-end related requirements, while others have seen it as a natural cooling off of an over exuberant one ...
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OANDA replied May 28, 2013Hi Everyone, We are aware of this issue and are working to resolve it as soon as possible. Essentially, our ticket numbers were getting too large, so we reset them to start at a lower number. The fxTrade Practice platform is having issues pulling ...
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- Submitted May 28, 2013|From forexblog.oanda.com
Spain, or Barcelona in particular, no longer rules – Bayern Munich won it all in last weekend’s Champions League cup. The German nation, the backbone of Europe, is on such a high that the German government is contemplating backing away from ...
- Submitted May 27, 2013|From forexblog.oanda.com|1 comment
The last week of May sees the release of a slew of Japanese April data including industrial production, consumer prices, retail sales, household spending and unemployment. The market should expect that most of the releases would get extra attention, ...
- Submitted May 24, 2013|From forexblog.oanda.com|2 comments
This has been a tough week for anyone involved in two of the markets most crowded trades – long the Nikki and short Yen. Dealers and investors like volatility, it provides opportunity. However, having an equity index decline -7.9% in a single ...
- Submitted May 24, 2013|From forexblog.oanda.com
The markets are aware that too much free or nearly free money is going to cause trouble. Japan’s equity indices saw it first hand this week when their main stock market fell -7.9% during one session. All one has to do is look at our central banks – ...
- Submitted May 23, 2013|From forexblog.oanda.com
Risk aversion seen in Asia is showing little signs of slowing up this morning as we head into the North American session. There has been a rush to safety with both the CHF and Yen higher across the board. The EUR bulls have found some temporary ...
- Submitted May 22, 2013|From forexblog.oanda.com
St Louis Fed President, James Bullard, a supposed hawk, has been bullying the ‘single’ currency bears into temporary submission ahead of today’s FOMC meeting minutes or at least he should be held responsible for getting the ball rolling. Yesterday, ...
- Submitted May 21, 2013|From forexblog.oanda.com|6 comments
The market yesterday was a write-off in terms of price action, as a few sovereign nations managed to squeeze in a national holiday in parts of Europe and in Canada. This week’s US fundamental highlight will be delivered tomorrow – the FOMC Minutes ...
- Submitted May 18, 2013|From forexblog.oanda.com
The currency that the new governor of the Bank of England is leaving behind, managed to quietly slip to a 10-week low on Friday. It was not even in sympathy to its sister currency’s plight ‘down-under.’ Friday’s reasons had more to do with its ...