A big news release has the power to enhance a normally slow trading period. When a major announcement is made regarding economic data – especially when it goes against the predicted forecast - currency can lose or gain value within a matter of seconds. However, just because dozens of economic releases happen each weekday in all [...]
by Lena Manousarides The positive market sentiment seemed to fade away and the gains we saw printed yesterday were almost gone by this morning. Asian stocks dropped and the same happened to the European markets today. The risk aversion came back once again, after banks and companies declared losses and trader’s fear and uncertainty for [...]
by: Korman Tam The Federal Reserve cut its benchmark lending rate by 50-basis points to 1% by unanimous vote and also lowered its discount rate by 50-basis points to 1.25%. The currency markets were heavily pricing in the aggressive move with the greenback tumbling against the euro and sterling heading into the decision. The dollar [...]
See the attached graph. I didn’t expect it.. This must be the culprit!! What the heck! its just another trading day! Scridb filter
I found a very good article from fxgreece that is worth of sharing. Happy reading! What a week this one is turning out to be, with NIKEI dropping almost 1000 points last night and DOW JONES still trading well below 10.000!The market sentiment remains negative and there is chatter amongst analysts that we haven’t seen [...]
LONDON (Thomson Financial) – The dollar recovered slightly after taking a battering yesterday, but it remained weak in very cautious trade as investors awaited this evening’s meeting of the Federal Open Market Committee. Markets are now betting that the Fed will cut interest rates by as much as 100 basis points and there is a [...]
Widespread concern about the outlook for the U.S. economy pushed the dollar to record lows against the euro and to 12-year lows against the yen Thursday, while gold and oil prices also surged. The euro rose to a new high of $1.5625 following a report that showed U.S. retail sales fell in February, beating a [...]
