G-20, Stocks, German Data Boost Higher Yielders Monday – November 9th, 2009 Recap: Following up on our Morning Brief, we go over the important data from Germany and look at the NY sessions changes in the Pound and Canadian Dollar against the US Dollar. News Provided by CMS Forex www.cmsfx.com Analyst Nick Nasad Open up [...]
For those of you interested in trading news releases, looking for price to retrace may or may not be ?new news.? However, saving some pips here and there, no matter how small, will greatly enhance your profitably over time and minimize you risk. Why? Because even if waiting for a better price means only a [...]
Bailout of AIG and Higher Oil Fuels Drop in Dollar Wednesday, September 17th, 2008 The US government bailed out the world’s largest insurance company AIG with an $85B injection. The news prevented a catastrophic collapse but still played to the fears of risk aversion. The Dollar was lower vs its main rivals.
Comments from US Officials Boost Dollar, Falling Oil Help Too Tuesday, July 22nd, 2008 Comments from Philadelphia Fed Governor Plosser were hawkish calling for an interest rate increase “sooner rather than later” as he is concerned about high inflation. Oil fell and Treasury Sec. Paulson said a deal to help Fannie Mae and Freddie Mac [...]
ECB and BOE Hold Steady, Market Remain in Ranges Thursday – November 5th, 2009 Recap: The Bank of England held its benchmark interest rate steady but expanded the size of its quantitative easing program by 25 billion. The ECB announcement held little in the way of surprises, and currency markets remained mainly withing their pre-existing [...]
Unemployment Rate Jump to 10.2%, Yen Gains on Rivals Friday – November 6th, 2009 Recap: The US nonfarm payroll report showed 190K jobs lost in October, a figure that was worse that expected while the unemployment rate rose to 10.2%. The Euro and Pound stuck to its recent ranges while the Yen gained following the [...]
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 [...]
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. [...]
