Invest2forex

EUR/USD: Trading the U.S. Advanced Retail Sales Report

admin — Thu, 11 Mar 2010 22:37:41 +0000

The U.S. dollar is likely to face increased volatility over the next 24 hours of trading as economists forecast retail spending in the world’s largest economy to contract 0.2% in February, and the ongoing weakness in the private sector could lead the Federal Reserve to maintain a dovish policy stance over the coming months as the central bank aims to encourage a sustainable recovery.

EUR/USD: Trading the U.S. Advanced Retail Sales Report is a post from: Forex

USD/JPY’s Converging SMA’s Generating Ideal Scalping Environment

admin — Thu, 11 Mar 2010 22:37:41 +0000

The USD/JPY continues to consolidate gains following the post NFP rally which has generated an ideal scalping environment. A concentration of technical levels has helped limit breakout potential. A lack of conviction from traders has seen similar price action across most risky assets. Yesterday’s rise in Chinese exports generated some bullish sentiment only to have it offset by concerns that accelerating inflation will lead to measures form the central bank to curb domestic growth. Equity markets remain flat and with the pair’s high correlation to stocks similar price action is expected.

USD/JPY’s Converging SMA’s Generating Ideal Scalping Environment is a post from: Forex

Oil May Finally Break Support Amid Chinese Tightening Fears

admin — Thu, 11 Mar 2010 12:36:33 +0000

Oil prices may finally break out lower as China’s inflation figures spark fears of imminent monetary tightening for the world’s second-largest crude consumer. Oil May Finally Break Support Amid Chinese Tightening Fears is a post from: Forex

Oil May Finally Break Support Amid Chinese Tightening Fears is a post from: Forex

Swiss Franc May Turn Volatile Against Euro as SNB Announces Monetary Policy

admin — Thu, 11 Mar 2010 12:36:33 +0000

The Swiss Franc may see a pick-up in volatility against the Euro as the Swiss National Bank makes its monetary policy announcement, with traders keen to see if policymakers will further relax their posture on currency market intervention.

Swiss Franc May Turn Volatile Against Euro as SNB Announces Monetary Policy is a post from: Forex

Opening Comment 03.11

admin — Thu, 11 Mar 2010 12:36:33 +0000

The focus in recent hours has been centered on the antipodean currencies, with both the Aussie and Kiwi coming under pressure on the back of some weaker data, and a more dovish central bank outlook. Opening Comment 03.11 is a post from: Forex

Opening Comment 03.11 is a post from: Forex

Dollar Slips on Stable Risk Trends and Record Budget Deficit, But Still No Clear Trend

admin — Thu, 11 Mar 2010 12:36:33 +0000

• Dollar Slips on Stable Risk Trends and Record Budget Deficit, But Still No Clear Trend
• Euro Strength Runs Awry of a Gloomy EU Draft and Slower Growth for Strained Members
• British Pound Drops as Factory Activity and Growth Estimates Slip
• Australian Dollar Traders Respond to Weaker Employment Growth by Easing off Rate Expectations
• New Zealand Dollar Tumbles after RBNZ Commentary Leans Towards Measured Tightening

Dollar Slips on Stable Risk Trends and Record Budget Deficit, But Still No Clear Trend is a post from: Forex

British Pound Advances as Inflation Expectations Push Higher, Euro Holds Tight Range

admin — Thu, 11 Mar 2010 11:58:29 +0000

The British Pound halted the three-day slide against the greenback as a Bank of England survey showed a rise in inflation expectations, and the currency may continue to retrace the sell-off from earlier this week as the daily RSI bounces back from oversold territory. However, as the MPC is scheduled to release its March meeting minutes next week, the GBP/USD is likely to maintain the narrow range carried over from earlier this month as investors weigh the prospects for future policy

British Pound Advances as Inflation Expectations Push Higher, Euro Holds Tight Range is a post from: Forex

Risk Appetite and Data Support Crudes Surge to New Highs Yet Conviction Does Not Hold

admin — Thu, 11 Mar 2010 02:33:38 +0000

Risk appetite, macro data and supply-and-demand statistics seemed to align for bullish crude traders. Yet despite begin given the fundamental green light (and notably still backed by impressive buying momentum over the past month), the active crude futures contract on the NYMEX was forced to retrace its morning thrust to a fresh, eight-week high just above $83.

Risk Appetite and Data Support Crudes Surge to New Highs Yet Conviction Does Not Hold is a post from: Forex

EUR/CHF: Trading the Swiss National Bank Interest Rate Decision

admin — Thu, 11 Mar 2010 02:33:38 +0000

The Swiss National Bank is widely expected to hold the benchmark interest rate at 0.25% in March as the central bank aim to balance the risks for the economy, and comments following the rate decision is likely to spark increased volatility in the exchange rate as investors weigh the outlook for future policy. EUR/CHF: Trading the [...]

EUR/CHF: Trading the Swiss National Bank Interest Rate Decision is a post from: Forex

USD/CAD Channel Presents Scalping Opportunity

admin — Thu, 11 Mar 2010 02:33:38 +0000

The Canadian dollar continues to find support on strong domestic fundamentals and an increase in broader optimism. The USD/CAD has closed lower for eight straight days and is looking to end that streak today. However, we have seen daily volatility condense which has created an ideal scalping opportunity. The pair continues to trade along a descending support trend line which is limiting downside risks and providing a target level for traders.

USD/CAD Channel Presents Scalping Opportunity is a post from: Forex

A Drop in German Exports Casts Doubt on Recovery

admin — Wed, 10 Mar 2010 16:31:50 +0000

The German trade balance surplus unexpectedly shrank in January from 13.4 billion to 8.0 billion as falling exports offset rising imports. Demand from abroad dropped by 6.3% against forecasts for a 0.5% improvement led by weakness from other Euro-zone members. A Drop in German Exports Casts Doubt on Recovery is a post from: Forex

A Drop in German Exports Casts Doubt on Recovery is a post from: Forex

Euro Holds Narrow Range, British Pound Extends Decline as U.K. Manufacturing Falters

admin — Wed, 10 Mar 2010 16:31:50 +0000

The Euro tipped lower against the greenback on Wednesday, with the exchange rate slipping to a low of 1.3545 during the overnight trade, and the single-currency is likely to maintain the narrow range carried over from the previous week as policy makers in Europe aim to support the economies operating under the fixed-exchange rate system.

Euro Holds Narrow Range, British Pound Extends Decline as U.K. Manufacturing Falters is a post from: Forex

Oil, Gold May Decline as Monthly US Deficit Hits Record

admin — Wed, 10 Mar 2010 16:31:50 +0000

Oil and gold prices may decline amid expectations for a sharp increase in borrowing costs as the US Treasury’s monthly budget statement shows the largest monthly shortfall since records began nearly 33 years ago. Oil, Gold May Decline as Monthly US Deficit Hits Record is a post from: Forex

Oil, Gold May Decline as Monthly US Deficit Hits Record is a post from: Forex

USD/CAD Channel Presents Scalping Opportunity

admin — Wed, 10 Mar 2010 16:20:35 +0000

USD/CAD Channel Presents Scalping Opportunity is a post from: Forex

Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains

admin — Wed, 10 Mar 2010 06:30:16 +0000

• Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains
• Euro Stumbles as Policy Officials Voice Their Doubts over Greece and an EMF Solution
• British Pound Hit by Data and Credit Rating Warnings
• Japanese Yen Benefits from Carry Unwinding and Strong Signs of Economic Recovery

Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains is a post from: Forex

A Quick Recovery Prevents a Decisive Crude Reversal as Investor Fears Starts to Percolate

admin — Wed, 10 Mar 2010 06:30:16 +0000

Just a day after testing an eight-week high, crude suffered a notable setback through the first half of Tuesday’s session. Through the European trading hours, the commodity would plunge as much as 2.1 percent and subsequently disrupt the steady drive bulls have been more or less able to sustain since the dramatic reversal a month ago.

A Quick Recovery Prevents a Decisive Crude Reversal as Investor Fears Starts to Percolate is a post from: Forex

British Pound Little Changed in Asia, Industrial Production on Tap Ahead

admin — Wed, 10 Mar 2010 06:29:51 +0000

The British Pound was little changed in Asian trade, treading water near familiar levels ahead of a report that is expected to show industrial production shrank at the slowest annual pace in nearly two years. British Pound Little Changed in Asia, Industrial Production on Tap Ahead is a post from: Forex

British Pound Little Changed in Asia, Industrial Production on Tap Ahead is a post from: Forex

Opening Comment 03.10

admin — Wed, 10 Mar 2010 05:42:39 +0000

While most currencies have been consolidating in a tight range since the North American close, Kiwi stands out and has outperformed on the session, with no direct catalyst for the demand other than some pre-RBNZ volatility. Opening Comment 03.10 is a post from: Forex

Opening Comment 03.10 is a post from: Forex

NZD/USD Channel Presents Scalping Opportunity

admin — Tue, 09 Mar 2010 20:28:54 +0000

The NZD/USD has been trading in a tight 300 pip range since early February as ebb and flowing risk sentiment has left the pair without a clear direction. The improving global economy has been offset by lingering concerns that post credit crisis fallout remains, which has been enhanced by the credit issues in Europe. The lack of job growth and consume spending has markets concerns that dissipating government stimulus will lead to a period of stagnation. Meanwhile, RBNZ interest rate expectations have diminished which has also been a weighing factor and has seen the “kiwi’s” sensitivity to risk trends diminish.

NZD/USD Channel Presents Scalping Opportunity is a post from: Forex

Declining U.K. Exports Threatens Recovery, Keeping BoE on Alert

admin — Tue, 09 Mar 2010 20:28:53 +0000

The U.K. trade deficit unexpectedly widened to £7987M from £7010M as exports slumped. Demand from abroad for chemicals and other commodities led to the increases shortfall. Severe weather contributed slowed ports and could be a source of the weakness. Declining U.K. Exports Threatens Recovery, Keeping BoE on Alert is a post from: Forex

Declining U.K. Exports Threatens Recovery, Keeping BoE on Alert is a post from: Forex

Euro, British Pound Slump as Investors Scale Back on Risk Appetite

admin — Tue, 09 Mar 2010 20:28:53 +0000

The British Pound extended the previous day’s decline to reach a fresh weekly low of 1.4938 during the European trade as Fitch Ratings held a cautious outlook for the U.K. economy, and the currency may continue to trend lower going into the U.S. session as investors curb their appetite for risk.

Euro, British Pound Slump as Investors Scale Back on Risk Appetite is a post from: Forex

Crude to Follow Risky Assets Lower, Gold Trading on US Yield Outlook

admin — Tue, 09 Mar 2010 20:28:53 +0000

Crude oil is set to extend losses on fading risk appetite while gold and silver decline amid firming US interest rate expectations. Crude to Follow Risky Assets Lower, Gold Trading on US Yield Outlook is a post from: Forex

Crude to Follow Risky Assets Lower, Gold Trading on US Yield Outlook is a post from: Forex

AUD/USD: Trading the Change in Australian Employment

admin — Tue, 09 Mar 2010 19:36:53 +0000

The labor market in Australia is expected to improve for the sixth consecutive month in February, with economists forecasting employment to expand 15.0K in February, and the data could drive the exchange rate higher as market participants speculate the Reserve Bank of Australia to normalize policy further over the coming months. AUD/USD: Trading the Change in [...]

AUD/USD: Trading the Change in Australian Employment is a post from: Forex

Pound Declines on Soft Retail Sales, House Prices Data and Bank Downgrade Scare

admin — Tue, 09 Mar 2010 10:28:07 +0000

The British Pound declined against the spectrum of major currencies in overnight trade after a disappointing set of house price and retail sales figures as well as rumors that Moody’s may downgrade the bonds of several UK banks. Pound Declines on Soft Retail Sales, House Prices Data and Bank Downgrade Scare is a post from: Forex

Pound Declines on Soft Retail Sales, House Prices Data and Bank Downgrade Scare is a post from: Forex

Opening Comment 03.09

admin — Tue, 09 Mar 2010 10:28:07 +0000

The broad based consolidation in the major currencies continues with the Euro once again failing to establish any topside momentum and falling back into the middle of a multi-day bearish consolidation against the buck.

Opening Comment 03.09 is a post from: Forex

Dollar Unchanged on the Day as Risk Pressures Build in the Background

admin — Tue, 09 Mar 2010 10:28:07 +0000

• Dollar Unchanged on the Day as Risk Pressures Build in the Background
• Euro Stability Improved by Plans to Create a European Monetary Fund
• British Pound Struggles to Find a Firm Footing through a Round of Notable Event Risk
• Japanese Yen Finds Little Guidance on Risk Trends but the Economic Outlook Develops

Dollar Unchanged on the Day as Risk Pressures Build in the Background is a post from: Forex

Crude Edges Ever Higher as Momentum Substitutes Fundamental Drive

admin — Tue, 09 Mar 2010 00:18:58 +0000

There was relatively little for fundamental traders to work with Monday; but that wouldn’t prevent oil from pushing a new eight-week high and closing the gap to the $84 swing high set on January 11th. At this point, the bullish bias can sustain itself on sheer momentum as long as there isn’t an active force to fight the market’s climb.

Crude Edges Ever Higher as Momentum Substitutes Fundamental Drive is a post from: Forex

NZD/USD: Trading the Reserve Bank of New Zealand Interest Rate Decision

admin — Tue, 09 Mar 2010 00:18:58 +0000

The Reserve Bank of New Zealand is widely anticipated to keep the benchmark interest rate at 2.50% this week in an effort to balance the downside risks for the economy, and comments following the rate decision are likely to stoke increased volatility in the exchange rate as investors weigh the prospects for future policy. NZD/USD: Trading [...]

NZD/USD: Trading the Reserve Bank of New Zealand Interest Rate Decision is a post from: Forex

EUR/JPY Consolidation Presents Scalping Opportunity

admin — Tue, 09 Mar 2010 00:18:57 +0000

The EUR/JPY continues to consolidate following the post NFP volatility. A better than expected labor report sparked a bout of risk appetite and broad based Yen weakness. Concerns have eased over the deficit troubles in Greece, with International Monetary Fund’s Managing Director Dominique Strauss-Kahn believing that it will resolve its debt-crisis without IMF help. However, we haven’t seen continued support for the Euro which could be a sign that markets are awaiting to see what measures European officials and the ECB will take to prevent the issue from re-emerging in other member nations such as Spain and Portugal. The condensed price action and solid support and resistance level may create an ideal scalping environment.

EUR/JPY Consolidation Presents Scalping Opportunity is a post from: Forex

Euro Maintains Range From Previous Month, British Pound Little Changed Overnight

admin — Mon, 08 Mar 2010 14:16:20 +0000

The EUR/USD pulled back from the high (1.3701) during the European trade as investors scaled back their appetite for risk, and the single-currency could face increased selling pressures going into the North American session as equity futures foreshadow a lower open for the U.S. market.

Euro Maintains Range From Previous Month, British Pound Little Changed Overnight is a post from: Forex

Oil Breaks Higher, Gold May Decline on Fed Rate Hike Outlook

admin — Mon, 08 Mar 2010 14:16:20 +0000

Oil prices have taken out key resistance but risk trends may help see a pull-back in the near term. Gold and silver may turn lower as a business economists’ survey calls for Fed rate hikes in the next 6 months. Oil Breaks Higher, Gold May Decline on Fed Rate Hike Outlook is a post from: Forex

Oil Breaks Higher, Gold May Decline on Fed Rate Hike Outlook is a post from: Forex

Euro May Rise Against US Dollar Amid Fading Greece Concerns, Risk Recovery

admin — Mon, 08 Mar 2010 14:16:20 +0000

The Euro may extend overnight gains into European trade amid receding concerns about Greek credit woes the country conducted a successful bond auction and received strong endorsements for its austerity measures from France and Germany. Euro May Rise Against US Dollar Amid Fading Greece Concerns, Risk Recovery is a post from: Forex

Euro May Rise Against US Dollar Amid Fading Greece Concerns, Risk Recovery is a post from: Forex

Opening Comment 03.08

admin — Mon, 08 Mar 2010 14:16:19 +0000

Currencies have been largely confined to tight ranges in early trade this week, with the markets still digesting the extreme Yen moves seen on Friday.

Opening Comment 03.08 is a post from: Forex

German Industrial Production Disappoints, As Construction Suffers.

admin — Mon, 08 Mar 2010 13:20:50 +0000

German industrial production rose 0.6% in January as energy output soared 8.8% on the back on en exceptionally cold winter. The dismal weather sunk construction output by 14.3% leading to the disappointing print, which missed forecasts of 1.0%. German Industrial Production Disappoints, As Construction Suffers. is a post from: Forex

German Industrial Production Disappoints, As Construction Suffers. is a post from: Forex

Dollar Fails to Find its Footing on NFPs, Risk Appetite in Charge of Price Action Next Week

admin — Sat, 06 Mar 2010 02:03:48 +0000

-Euro Traders Unperturbed by a Lack of a Greece Rescue Plan from the EU -British Pound Slowly Retraces Losses as Inflation Pressures Temporarily Offset Deficit Concerns -Japanese Yen Plunges as Investor Sentiment Firms and Rumors of Further BoJ Easing Circulate Dollar Fails to Find its Footing on NFPs, Risk Appetite in Charge of Price Action Next Week is [...]

Dollar Fails to Find its Footing on NFPs, Risk Appetite in Charge of Price Action Next Week is a post from: Forex

A Bull Trend Matures as Crude Moves on to $82 following NFPs

admin — Sat, 06 Mar 2010 02:03:47 +0000

Scheduled event risk was generally a disappointment for those seeking out volatility; but the data, combined with the stable backdrop of advancing risk appetite, would nonetheless push crude higher. A commodity of industrialization and speculation, oil extended its recently choppy trend to test yet another prominent, even number: $82. A Bull Trend Matures as Crude Moves [...]

A Bull Trend Matures as Crude Moves on to $82 following NFPs is a post from: Forex

Rising UK Factory Gate Prices May Force BoE to End QE

admin — Fri, 05 Mar 2010 16:02:24 +0000

U.K. factory gate prices rose 4.1% in February from a year earlier, which was the most since December, 2008. Factories which continue to battle rising energy costs increases prices by 0.3% during the month as they try and pass on costs to the consumer. Rising UK Factory Gate Prices May Force BoE to End QE is [...]

Rising UK Factory Gate Prices May Force BoE to End QE is a post from: Forex

Crude Oil, Gold Prices Drift Sideways Ahead of US Jobs Report

admin — Fri, 05 Mar 2010 16:02:24 +0000

Crude oil, gold and silver are drifting sideways in anticipation of the closely-watched US jobs report set to cross the wires ahead of the opening bell on Wall St. Crude Oil, Gold Prices Drift Sideways Ahead of US Jobs Report is a post from: Forex

Crude Oil, Gold Prices Drift Sideways Ahead of US Jobs Report is a post from: Forex

Euro, British Pound Little Changed Ahead of U.S. Non-Farm Payrolls

admin — Fri, 05 Mar 2010 16:02:24 +0000

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The Euro held a tight range overnight after slipping below the 20-Day SMA (1.3620) during the previous day and the exchange rate is likely to face increased volatility going into the North American trade as economists forecast U.S. non-farm payrolls to contract 68K in February.

Euro, British Pound Little Changed Ahead of U.S. Non-Farm Payrolls is a post from: Forex

Currency Markets Mark Time in Asian Trade Ahead of US Jobs Report

admin — Fri, 05 Mar 2010 16:02:23 +0000

Currency markets kept to narrow ranges in overnight trade, marking time ahead of the upcoming release of the closely-watched US employment report. UK Producer Price Index figures headline the docket in European hours.

Currency Markets Mark Time in Asian Trade Ahead of US Jobs Report is a post from: Forex

Dollar Forestalls a Reversal as US NFPs Holds the Last Opportunity for Volatility this Week

admin — Fri, 05 Mar 2010 05:54:08 +0000

• Euro Finds Little Confidence from the ECB’s Policy Decision, Greece’s Progress
• Pound Break Unnerved by a Lack of Action, Commentary from the Bank of England
• Canadian Dollar Advances on Strong Business Activity Read, Hawkish Rate Forecasts

Dollar Forestalls a Reversal as US NFPs Holds the Last Opportunity for Volatility this Week is a post from: Forex

Crude Traders Unable to Exploit Technical Break as Risk Ways the Market Down

admin — Fri, 05 Mar 2010 05:54:08 +0000

Without momentum to step in to support yesterday’s push above $80.50, the active light sweet crude futures contract on the NYMEX would ultimately be led to a corrective move. So, while the commodity technically marked its highest close since January 11th Wednesday, the market is still anchored to the congestion that has stalled progress for going on two weeks now.

Crude Traders Unable to Exploit Technical Break as Risk Ways the Market Down is a post from: Forex

EUR/USD: Trading the Change in U.S. Non-Farm Payrolls

admin — Fri, 05 Mar 2010 05:54:07 +0000

The U.S. dollar is likely to face increased volatility over the next 24 hours of trading as economists forecast non-farm payrolls to slump 63K in February, and the ongoing deterioration in the labor market could instill a weakened outlook for the world’s largest economy as private-sector spending remains one of the leading drivers of growth.

EUR/USD: Trading the Change in U.S. Non-Farm Payrolls is a post from: Forex

Opening Comment 03.05

admin — Fri, 05 Mar 2010 05:36:34 +0000

Lack of any material economic releases in the Asia session have kept things very quiet over the past several hours, and market participants continue to experience some very choppy price action in the major currencies. Opening Comment 03.05 is a post from: Forex

Opening Comment 03.05 is a post from: Forex

USD/JPY Could Present Scalping Opportunity Ahead Of Non-Farm Payrolls

admin — Thu, 04 Mar 2010 19:44:16 +0000

The USD/JPY broke out today as yen crosses have come under pressure as risk assets fund support on the back of a Greek plan to cut its deficit and an improvement in US initial jobless claims. A dour U.S. pending home sales report has slowed the advance and may be the beginning of a period of consolidation. The upcoming Non-Farm payroll report is major event risk which could lead to a quieting of the pair’s price action, as it has been the most sensitive to U.S. fundamental data.

USD/JPY Could Present Scalping Opportunity Ahead Of Non-Farm Payrolls is a post from: Forex

USD/JPY Could Present Scalping Opportunity Ahead Of Non-Farm Payrolls

admin — Thu, 04 Mar 2010 19:44:16 +0000

USD/JPY Could Present Scalping Opportunity Ahead Of Non-Farm Payrolls is a post from: Forex

USD/JPY Could Present Scalping Opportunity Ahead Of Non-Farm Payrolls

admin — Thu, 04 Mar 2010 19:44:16 +0000

USD/JPY Could Present Scalping Opportunity Ahead Of Non-Farm Payrolls is a post from: Forex

USD/JPY Could Present Scalping Opportunity Ahead Of Non-Farm Payrolls

admin — Thu, 04 Mar 2010 19:44:16 +0000

USD/JPY Could Present Scalping Opportunity Ahead Of Non-Farm Payrolls is a post from: Forex

USD/JPY Could Present Scalping Opportunity Ahead Of Non-Farm Payrolls