The Italian referendum was headline news and the resulting resignation of the Italian Prime Minister. The Austrians voted left which was a little bit of a surprise given the rights increasing support around the globe. Should be an interesting week!
It may not seem like it – but over the course of the week the USD actually sold off a little bit, a large part of that was on the back of its performance on Friday. The market eagerly awaited the NFP data on Friday, in my opinion it really did not make a difference […]
A very interesting day in store for Forex traders. We have the Non-Farm Payrolls out this afternoon and that could provide some fireworks if it is a weak number. There is also the Italian referendum happening this weekend and very little has been spoken about this. It is NOT an in-out of Europe vote but […]
A very strong day for the dollar against the commodity pairs. We saw a big blowout on the Aussie and the Kiwi but they found support at previous support areas. Forex traders will be watching for NFP numbers tomorrow and then the US interest rate decision next week.
It appears some of the ranges are tightening ahead of two big pieces of news out of the US. Forex traders are positioning themselves ahead of the FOMC and Non-Farm Payrolls. These are two crucial economic events and may shape how we move into the holiday season.
There are some conflicting signals emerging on some the major FX pairs. The dollar weakness we were expecting yesterday did not quite follow through from the Asian session. Today we are looking at two of the “safe-haven” currencies to see if anything emerges.
We have started to see the dollar come under some pressure this morning. It has been on a tearaway run over the last few weeks and probably due some sort of breather. This could bring the commodity currencies into their own as they will benefit from stronger gold and oil prices. Forex traders will also […]
It is Thanksgiving in the US today and so the afternoon and evening are likely to be a bit quiet. Reduced sessions and US FX traders feeding their faces with turkey could mean the dollar takes a breather. We have the commodity currencies in focus today.
The Aussie followed the rules yesterday for us and has pushed higher. We are expecting a bit of a follow through as US traders lighten positions going into the Thanksgiving weekend. We also have two of the safe-haven forex pairs on our radar as they appear to be over bought.
The Forex or FX Market derives its name from Foreign Exchange. It is essentially the exchange of currency (money) between two different countries. The FX market is the largest financial market in the world, and is open 24 hours per day, 5 days per week.