Forex Trading News

Employment is expected to increase another 0.4% in the fourth-quarter, and the ongoing improvement in the labor market may increase the appeal of the New Zealand dollar as the development raises the prospects for a rate hike.

The safe-haven US Dollar may be preparing to launch a recovery as S&P 500 technical positioning warns of a downward reversal ahead.

We ended Friday with a strong signal of continuation for risk appetite trends with a Dow Jones Industrial Average and AUDUSD push to new highs.

The dollar broke out of the descending channel formation which has held the index since January 15th. The advance however continues to lack conviction with the index holding just above key support. Here are the key levels to watch.

The NZD/USD has held above daily overbought conditions for the ten consecutive sessions as the pair has continued to track broader market sentiment. However the kiwi look to have reached a critical exhaustion point. Here are the key levels to watch.

With the Greek crisis carrying over to yet another week and the ECB rate decision on deck, this week’s analyst questions are particularly poignant for short and medium-term volatility expectations.

One of the, if not the most pertinent indicators of price changes in financial markets are interest rates. This article will delve into this important relationship.

Want to trade when you get home from work? Trade foreign exchange as it is one of the largest markets in the world.

Euro speculative shorts have moderated from a record but that changes little regarding the larger trend. In fact, a backtest of this idea reveals a negative equity curve.

As we have advocated in the last two editions of Weekly Focus, the arguments for buying the dollar have faded going into 2012. Not as a result of Europe’s debt profile becoming more sustainable but as a result of improved global economic data and a more aggressive easing of monetary policy by the major central banks. The Fed’s indirect promise of QE3 should the US economy slow again only confirms our expectation of a structural dollar downtrend. Not least against the commodity currencies but also against the stronger cyclical emerging market currencies. The outlook against the euro is less certain, though.
Kasper Kirkegaard, Senior Analyst, Danske Bank

US Dollar volatility trades near its lowest levels since the onset of the financial crisis in 2008; we favor further USD losses against the Australian Dollar and other forex counterparts.

The greenback bounced back on Monday, with the Dow Jones-FXCM U.S. Dollar Index advancing to a high of 9,763, and the reserve currency should continue to recoup the losses from earlier this year as the shift away from risk-taking behavior gathers pace.

Learn where to enter and exit once you find a strong trend to trade.

Canadian Ivey Purchasing Managers Index (PMI) surprisingly hits eight-month high in the first month of 2012, indicating faster pace of purchasing activity in the Canadian economy.