1. A volatile start to the week in Asia; Risk currencies stage a strong rebound after early weakness
(Matching tags: Forex Fundamentals,Trading,Currency Forecast)

It was a disappointing close to the month on Friday for those looking to grasp risk by the horns after Thursday”s US GDP release. All the positive sentiment evaporated and Wall St gave back all the gains, ...

2. Global Manufacturing Supports the Risk Trade But For How Long?
(Matching tags: Forex Fundamentals,Economic reports)

As trading kicked off for the week risk appetite rebounded with EUR/USD and AUD/USD gaining more than 70 points at the start of European trade. Part of the boost came from continued expansionary readings ...

3. BOJ Retreats From QE - Yen Strengthens
(Matching tags: Trading,Currency Forecast,Forex Fundamentals,Bank of Japan)

Bank of Japan maintained its overnight interest rate at 0.10% - the lowest in G10 universe – but removed some key stimulative measures which triggered a small rally in the yen. The central bank stated ...

4. Chicago PMI Beats But Weak Employment Dampens Rally in Risk
(Matching tags: Trading,Forex Fundamentals)

Chicago PMI report  blew out estimates printing at 54.2 versus 49 forecast and well above the 46.1 reading recorded the month prior. This was only the second time in more than a year that the Chicago PMI ...

5. China Holds the Key to Risk FX
(Matching tags: Currency Forecast,Forex Fundamentals)

The most important economic data in G-10 FX this week may come from China rather than any of the advanced industrialized nations. Tomorrow China will report its GDP,  Industrial Production and Retail Sales ...

6. Euro Takes Out Pre Lehman Highs
(Matching tags: Forex Fundamentals,Currency Forecast,Euro)

Based upon the latest price action in the currency market, it almost appears as if traders cannot stop selling dollars. Lack of demand for dollars has driven the euro, Australian, and New Zealand dollars ...

7. Will Hawkish Fed Help The Dollar?
(Matching tags: Forex Fundamentals,Ben Bernanke,FED)

For the second time in the past two days Fed officials have assumed a more hawkish posture with respect to monetary policy  in a clear  attempt to strengthen the dollar. In a presentation to an economics ...

8. U.S. Trade Narrows, CAD Hits 1 Year Low on Employment Numbers
(Matching tags: Economic reports,Currency Forecast,Forex Fundamentals)

The stronger than expected U.S. trade numbers helped to ignite a sharp rally in the U.S. dollar. The trade deficit in August was $30.71B compared to -$31.85B the previous month.   Imports dropped but exports ...

9. Are Europeans Considering Intrevention in FX?
(Matching tags: Forex Fundamentals,Currency Forecast)

Comments from European Union’s Commissioner for Economic and Monetary Affairs Joaquin Almunia, that the Euro group will discuss euro’s appreciation at the upcoming G-7 meeting this Saturday in Istanbul, ...

10. The dollar looks in retreat as month-end and Japanese half-year approach
(Matching tags: Economic reports,Forex Fundamentals,FX Trading)

When it comes to consumer confidence, it would appear that the UK is now riding high above the US, a sharp contrast to the actual performance of the respective economies. Yesterday, US consumer confidence ...

11. GBP finally makes a stand on strong Retail Sales numbers. Fujii continues to attempt JPY damage control.
(Matching tags: Technical analysis,Forex Fundamentals)

GBP finds a floor for now GBP finally rallied late yesterday and more convincingly today after the CBI report for September blasted expectations out of the water. EURGBP was trading close to 200 pips off ...

12. Consumer Confidence Disappoints, Diverges from Other Reports
(Matching tags: Forex Fundamentals,Currency Forecast,U.S. dollar)

The U.S. dollar continued to recover this morning, leading many traders to wonder whether the buck has bottomed. There are many reasons why the dollar is rallying including the recent jawboning by Eurozone ...

13. Will Verbal Intervention Lift the Dollar?
(Matching tags: Central Banks,Forex Fundamentals,U.S. dollar)

Over the past 24 hours a series of officials in both Europe and Japan voiced their support for the dollar helping to lift the currency off it recent lows. The jawboning started in yesterday in Europe when ...

14. Markets in limbo in Asia as Japan finance minister Fujii finds reverse gear for his comments
(Matching tags: Forex Fundamentals,Currency Forecast,Technical analysis)

Dollar bulls that went home happy at the end of the Asian session yesterday were in for a surprise during the night. A strong performance by equity markets in the face of renewed M&A talk and greater optimism ...

15. Asian session opens week with a bang with JPY on wild roller coaster ride. USD pushed back from new highs - correction over?
(Matching tags: Economic reports,Trading,Forex Fundamentals,Currency Forecast,Technical analysis)

JPY roller coaster The Yen started the week with wild gyrations after new Finance Minister Fujii unwisely made very direct remarks about the Yen's strength, suggesting that the moves in the currency thus ...

16. Carnage in Asia as short JPY positions squeezed aggressively
(Matching tags: FX Trading,Forex Fundamentals,Forex Market,Market Comment)

In the end it was a definite “risk off” day of Friday as weak US data in the form of durable goods and new home sales outweighed any positives to be gleaned from a final Michigan sentiment survey at its ...

17. The dollar can't make up its mind post-FOMC
(Matching tags: Currency Forecast, Central Banks,FED,Saxo Bank,Forex Fundamentals)

There was something for everyone in last night’s FOMC statement with doves welcoming the fact the “economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended ...

18. Will G-20 Rally the Buck?
(Matching tags: FOMC,Forex Fundamentals,G20)

With FOMC now out of the way and the Fed essentially guaranteeing that US rates will remain near zero for the foreseeable future, the dollar has officially taken the mantle from the yen as the world’s ...

19. FOMC Preview
(Matching tags: Central Banks,Ben Bernanke,Federal Open Market Committee,Fed Chairman,FED,FOMC,Forex Fundamentals)

 The countdown to the FOMC meeting has begun. The Federal Reserve is set to announce their monetary policy decision on Wednesday afternoon at 2:15pm ET. U.S. interest rates have been sitting at a record ...

20. The dollar continues its relentless slide, courtesy of a high-flying Kiwi
(Matching tags: Forex Fundamentals,Forex Market,U.S. dollar,Currency Forecast)

The dollar continued its slide yesterday, after only a short-lived blip of profit-taking recovery. Various inputs contrived to drive the dollar lower, including an upbeat assessment of prospects in Asia ...