Submitted May 27, 2012|From forexblog.oanda.com|4 comments

The dollar cannot stand still, being driven higher this week mostly on risk aversion. The healthy dollar demand seems a tad more exaggerated as we head into the Memorial long weekend. It’s not a surprise to see liquidity currently at a premium. With ...

Submitted May 26, 2012|From forexblog.oanda.com

During a shortened Memorial trading week in the US, Japan gets to see much of the last month’s data released. Investors expect Japanese industrial production to continue to recover, potentially climbing to +1.5% following the +1.3% rise in March. ...

Submitted May 25, 2012|From forexblog.oanda.com

Euro leaders have had limited affect after this weeks EU summit. The single unit continue to slide, repeatedly printing new year lows on contagion fears with a Greek exit. Policy makers are already shifting discussion and focus to next months ...

Submitted May 25, 2012|From forexblog.oanda.com

This morning’s EUR price graph would be a whole lot different were it not helped by an unexpected boost from better than expected German and French consumer confidence data. Instead of toying with a new record low, the EUR again is currently eying ...

Submitted May 24, 2012|From forexblog.oanda.com|9 comments

This last five cent EUR loss feels like an eternity. However, the market is beginning to feel that they have the single unit finally on one knee, one more and a tap out is all the bears require to justify these agonizing short positions. Euro policy ...

Submitted May 23, 2012|From forexblog.oanda.com|15 comments

The former Greek Prime Minister’s latest remarks have the EUR bears chasing their selling orders, dragging them down from above 1.28 to place them into the wilds of the 1.27 highs. It seems that for the potential EUR bull candidate, the application ...

Submitted May 22, 2012|From prweb.com|1 comment

The Board of Directors of OANDA Corporation, a leading provider of foreign exchange services, has appointed K Duker as Chief Executive Officer of the corporation, effective immediately. Mr. Duker succeeds Michael Stumm, who will remain a member of ...

Submitted May 19, 2012|From forexblog.oanda.com|2 comments

Canada looks like a safe bet to be the first amongst the G8 members to hike rates. Last month’s inflation figures were a tad stronger than expected, topping Governor Carney’s +2% inflation target. Despite the small breach, no CBank in this ...

Submitted May 19, 2012|From forexblog.oanda.com|11 comments

Asian bourses have ended trading, hitting four-month lows as weaker US data added to rising worries over Europe. Commodities and their currency sensitive pairings are not immune to the surround sound of contagion fears. Gold has been able to dig ...

Submitted May 18, 2012|From forexblog.oanda.com|8 comments

The third largest IPO in corporate history, the largest in tech, is about to make a few specs very wealthy today. Frantic Facebook Friday’s enthusiasm does not seem to be spilling over to disrupt the dower mood of FX. The 50% of Americans who ...

Submitted May 17, 2012|From forexblog.oanda.com|2 comments

This market needs to catch its breath after the selling pressure across currencies and the blood bath in equities this week. It can be rather monotonous to listen to the euphoric rants of the EUR bear. To date, it has been an unfair playing field. ...

Submitted May 16, 2012|From forexblog.oanda.com|3 comments

Grexit has not occurred yet, but contagion is surely here, just look at the unsustainable debt financing levels in Spain. The EUR squeeze continues, albeit painfully slow. When the Capital markets eventually go for the Greek “kill,” euro policy ...

Submitted May 15, 2012|From forexblog.oanda.com

Investors should remember not to ignore the current economic data despite the market’s obsession with events in Greece. It’s rightly so we should be concerned with developments in the periphery countries, however, becoming stubbornly obsessed with ...

Submitted May 14, 2012|From forexblog.oanda.com|7 comments

This EUR move is consistent, persistent and now has those individuals who last week managed to get themselves long, second guessing. Investors remain nervous as last ditch Greek coalition talks over the weekend broke down. To some it’s rational, ...

Submitted May 11, 2012|From forexblog.oanda.com

Following the Greek and French elections last weekend, the mighty buck has found itself in firmer territory against the single unit and the crosses. Investors happen to appear more bullish on JPY and GBP and most bearish on the antipodean ...

Submitted May 10, 2012|From forexblog.oanda.com|34 comments

Markets trade in a cautious manner as investors digest the latest EFSF Greek disbursement numbers and Spain’s attempt to help its fourth largest Bank. Perception is everything and the EFSF program had no choice but to disburse some of the promised ...

Submitted May 9, 2012|From forexblog.oanda.com|6 comments

Markets fear the unknown and with Greece we seem to be on the periphery of a black hole. Contagion fears are back in full force, not that they ever left. With Greece edging towards that EUR exit, pressure is beginning to build in all the right or ...

Submitted May 8, 2012|From forexblog.oanda.com

The bears and the quick money speculators thought they got it wrong. The EUR was not supposed to remain bid during yesterday’s North American session. Agreed, filling in “the” gap was a technical necessity, but once achieved, for the bear the ...

Submitted May 7, 2012|From forexblog.oanda.com

The market is finding it difficult in knowing which way to look. The current price action is filling in some of those gaps created by the initial French and Greek election results. The new French President, Hollande was not ‘the’ surprise. Capital ...

Submitted May 4, 2012|From forexblog.oanda.com

The ECB stuck to its preceding template and ‘no’ concessions were made despite the more dire regional PMI’s. The language and copy remained very much unchanged from the previous press statement repeating the phrase that the economic outlook ...