Carry Trade Pairs Jump As US Gov’t Takes Over Fannie Mae and Freddie Mac, Dollar Continues Gains vs Euro, Pound Monday, September 8th, 2008 News over the weekend that the Treasury Dept. was going to take over Fannie Mae and Freddie Mac caused carry trade pairs to gap on the side of higher-yielders. The Yen [...]
This video presents a weekly technical analysis of the EUR/USD currency pair for the week starting October 11. It uses several different methods of chart analysis with some of them being quite interesting. Posted on Forex Video Zone.
Pound Pressured by Weak Economy, Euro Boosted by ECB Official’s Comments, US Sees Strong Durable Goods Orders Wednesday, August 27th, 2008 The Pound plunged against its main rivals, continuing a trend started with the BoE’s last meeting. The Euro rose overnight following hawkish comments from ECB council member Axel Weber. The Dollar, weaker overnight, strengthened [...]
Dollar Counter-Rallies vs Rivals, Oil Falls Below $37 Thursday, December 18th, 2008 The Dollar rose against its main rivals following a week of heavy losses. The Pound swung 700 pips lower from its high near 1.56 against the Euro and set a fresh record low against the Euro. The commodity bloc of currencies retreated against [...]
Euro Climbs to Highest vs Dollar Since Lehman Collapse Tuesday – October 13th, 2009 Recap: The Euro rose to a new high for the year against the greenback, while the Pound held at support near 1.57. The Canadian Dollar meanwhile inched closer to parity coming close to a 14-month high vs the greenback at 1.0275. [...]
Markets Consolidate, with Yen Slightly Weaker vs Rivals Wednesday, September 24th, 2008 Data from the Euro-zone was mixed today as the German IFO Business Climate Index continued to deteriorate though the current account deficit narrowed. In the US, existing home sales fell more than expected. Markets were pretty subdued with the Yen falling slightly as [...]
The Wall Street Journal had an interesting article on market correlations (‘Macro’ Forces in Market Confound Stock Pickers), in which top stock pickers discuss their frustrations with a highly correlated market. From the WSJ: Between October 2008 and February 2009, at the height of the financial crisis, correlation hit 80%, meaning lots of stocks were [...]
Greenback Gains as Markets See Retracement of Recent Rally Friday, March 20th, 2009 Recap: The Dollar finished higher against its main rivals as traders pared part of the moves seen the last two sessions which has seen the greenback sold off. In Europe, industrial production fell by a record annual rate in January while Canadian [...]
Greenback Gains on Reverse in US Equities, Euro Slides Sharply Following Failed Test of 1.5050 Monday – October 26th, 2009 Recap: The greenback rallied against the Euro following a failed test of resistance at the 1.5050 level. The Canadian Dollar also slid as stocks in the US were weaker, commodities fell and BOC Governor reiterated [...]
