English, Financial Markets - Currencies

US Dollar Rally Unfazed by a Japan GDP Beat

EUROPEAN SESSION UPDATE: Japan economy expands by 0.9% in Q1, better than expected; Aussie falls to a new 11-month low… Read More | View Original Article

Trade Idea: BUY USDCAD despite Shooting Star

The market for USDCAD has rallied again this morning and with little resistance above until we get to the high 1.02's we prefer the idea of going long. Read More | View Original Article

Daily Forex Fundamental Overview

Fundamental Analysis EUR “The first-quarter contraction reinforces pressure on the ECB to come up with further measures to try and support euro-zone growth” - Howard Archer, an economist at IHS Global Insight The 17-nation economy has slumped into its longest recession ever, as the economic activity in the region fell for a sixth quarter in a row. Read More | View Original Article

Trade Navigator: Thursday, May 16

The Trade Navigator provides you with daily technical insight into almost 200 instruments ranging from FX to equities, commodities and bonds. Read More | View Original Article

Strong Japanese GDP will not slow BoJ easing

Japan’s GDP in Q1 13 expanded 3.5 % q/q AR and hence Japan appears to have started a relatively strong recovery and remember that the major impact from Abenomic’s have yet to work through the economy, so the outlook for the coming quarters, where we expect GDP growth to continue to exceed 3% q/q AR, remains strong. We revise our GDP forecast for 2013 higher to 2.0% from previously 1.6%. Read More | View Original Article

Mizuho Bank Joins CLS Aggregation Services

CLS Group and Traiana have announced that Mizuho Corporate Bank has joined CLS Aggregation Services (CLSAS). Mizuho joins nine other global banks in CLSAS which provides trade compression services to participants active in the over-the-counter FX market. Read more … [visit site to read more] Read More | View Original Article

USD rallied during the European day yesterday

The Big Picture Dollar gains on Eurozone remains: USD rallied during the European day yesterday as the GDP figures confirmed that the Eurozone is well and truly in recession, plus French prices showed disinflation. However enthusiasm for the US currency started to cool once the US data started arriving. The Empire State manufacturing survey and industrial production were both below estimates. Read More | View Original Article

DHS, Dwolla, Google Wallet & Bitcoin Prices Still Strong

US Feds Attacking Bitcoin! Bitcoin Getting Shut Down Is this the End of Bitcoin There have been some strong titled headlines since Tuesday evening about bitcoin. But, prices have remained steady, and the network is still up and running, so what’s really going on. Read More | View Original Article

¿Qué pasa en Liquid Markets? Company Set To Enter Latin America

While South America remains a continent where forex companies are notable by their relative absence, Cypriot broker Liquid Markets plans its entry strategy into what it views as a land of opportunity.Read more … [visit site to read more] Read More | View Original Article

Aussie Slips, Euro Consolidates

Market Brief The Asian markets registered a quiet trading session. Preliminary data showed that the Japanese economy grew 3.5% (annualized) in the first quarter and the industrial production expanded 0.9% in March. USDJPY consolidated gains in the tight range of 101.97/102.44. US and UK short-term players sold USDJPY on the disappointing US data, yet the significant demand from Japanese importers gave support to the pair above 101.85/102.00 level. Read More | View Original Article

Bond Update: France and EFSF in new bond issues

Core bonds have stabilised for now and are trading rangebound as they await fresh news to the market. Read More | View Original Article

Trade Idea: Buying USDCAD for test of range highs

USDCAD looks ready to test toward the 1.0340 highs after a quick advance following the rally through 1.0080/1.0100 resistance recently. Read More | View Original Article

Aussie continues its plunge, while GBP tries to put up a fight

The Aussie can’t catch a bid and a key trend-line in AUDUSD Is in play this morning. Meanwhile, sterling is trying to put up a fight after yesterday’s BoE inflation report. Read More | View Original Article

NZD/USD traded at 0.8246 and the AUD/USD was at 0.9890

Good morning from rainy Hamburg and welcome to our second-last Daily FX Report in this week. Weak growth data from the euro area is certainly adding to the euro’s downside potential and increases pressure on the ECB. Anyway, we wish you a successful trading day. Market Review – Fundamental Perspective Yesterday, a report from the Federal Reserve revealed that U.S. Read More | View Original Article

Trade Idea: Sell USDCAD after bearish Inverted Hammer

Three-week highs were sharply rejected yesterday, ending a sequence of four up days. More importantly, a bearish Inverted Hammer pattern was formed and this negative formation indicates scope for a test towards this week's lows. Read More | View Original Article

Trade Idea: Signals point to temporary sell-off for EURJPY

Since posting a new three-year high on Tuesday at 132.80, investors have taken profits, selling the market to post lower daily highs and lows. This has left signals with a temporarily bearish bias. Read More | View Original Article

Trade Idea: Selling EURGBP gains offers great risk/reward

A look to the one-hour chart and we have the 261.8 percent extension level at .8434. There is scope for a three-wave correction higher this morning before the next sell-off. Read More | View Original Article

USD: Currency Index & Volatility

Relative Currency Strength Dollar-bulls have been completely dominating the foreign exchange market lately, driving the equally-weighted index of the currency more than 2% during five past days. The surge was initiated last Thursday, with the speculation that the Federal Open Market Committee is going to wrap up the QE programme ahead of the earlier announced schedule. Read More | View Original Article

Investors 'Have to Be in LatAm' Currencies: Pro

Luis Costa, EM debt strategist, at Citi, discusses the USD/JPY following the release of the Japanese first quarter GDP and advises investing in Latin American currencies. Read More | View Original Article

US equities made another record high overnight

Market wrap Global market sentiment: US equities made another record high overnight, although the net gains have been modest, the S&P500 currently up 0.1%. The swag of US economic data was mildly disappointing, and earlier, the Eurozone reported a negative growth rate for the sixth consecutive quarter. The CRB commodities index is down 0.4%, with copper down 0.6% and gold down 2.2%. Read More | View Original Article

Stable.....

Stable is the best word I can find to use for today's action. The bulls tried a few times to run away with things while the bears made a few attempts of their own. Back and forth they went. In the end, the bulls held their own when you consider how overbought we are. We seem to be staying overbought, and thus, the bears have yet to take advantage. You have to wonder when they will, but for now, they have been unable to get any sustainable down side action going. Read More | View Original Article

Risk assets rallying on trust and hope

The rally in risk assets continues unabated, with equity markets continuing to post record highs. The fact that this is occurring in spite of weaker data from both the US and in particular Europe, highlights the trust and hope that is being placed on central banks to continue to deliver monetary stimulus in the months ahead. While many will question the dichotomy between equity markets, bond yields and economic data, there is little sign of this changing any time soon. Read More | View Original Article

3 Numbers to Watch: EU CPI, US CPI, US housing starts

The final read on Eurozone inflation for April will deliver deeper perspective on disinflation risk. Ditto with today's update on US consumer prices. We'll also see numbers on new residential housing construction in the States for last month. Read More | View Original Article

Why Dollar-Yen Can Hit 106: Expert

Brian Jackson, Global FX Strategist at Coutts says there more upside for the currency pair and explains why it will climb to 106. Read More | View Original Article

Shares pause after soft US data

Global stocks and the dollar took a breather as a batch of weak US data releases rekindled uncertainty over the outlook for global growth Read More | View Original Article

Dollar Rallies Late After Fed Easing Comments

The U.S. dollar recovered to trade higher against the euro and yen late Thursday afternoon in a volatile session. Read More | View Original Article

MXN/AUD Will Appreciate 6-7% in 12 Months

Hamish Pepper, Forex Strategist at Barclays gives CNBC's Cash Flow a few options for trading the weakening Australian dollar. Read More | View Original Article

Euro tumbles on weak eurozone GDP data : May 16,2013

Market Review - 15/05/2013 23:00GMT Euro tumbles on weak eurozone GDP data The single currency tumbled against the dollar on Wednesday after GDP data from Germany and eurozone came in weaker-than-expected. On the data front, German GDP in Q1 came in at -0.1% Q/Q n -1.4% y/y, vs the forecast 0.3% Q/Q. Euro zone GDP in Q1 came in at -0.2% Q/Q n -1.0% y/y, worse than the expectation of -0.2% n -0.9% respectively. Read More | View Original Article

Japanese growth surges on Abe impact

Real GDP rose 0.9% in the three months to March, but economists warn hopes of a lasting recovery will fade without stronger buy-in from corporate Japan Read More | View Original Article

Dollar stabilises following weak US data

Australian Dollar: In what has been a tumultuous two week period for the Australian dollar a surge in the US dollar has allowed the higher yielding asset to drop by close to 5 percent against the Greenback since the start of May. With the premium Australia’s bonds offer over US debt shrinking to their smallest level in a year the allure of the Australian dollar has diminished as investors continue to reallocate funds in search of better returns. Read More | View Original Article