Recent content by gmgfx

Morning Brief - 13 May 2005 The dollar has retained a stronger tone in Asian trading, boosted by continuing confidence following the retail sales report and by the ability to stay stronger than 1.2730 against the Euro. The dollar tone should remain firm despite some risks of profit taking on...

Great FXdancer. We reversed both our positions on the stop of both EURUSD, GBPUSD. And now we reinstated long on EURUSD from 1.2745.

Morning Brief - 12 May 2005 The markets will continue to analyse the US trade data on Thursday, but attention will also switch to the level of demand in the economy with the retail sales report. Expectations are relatively strong over the report after Fed Governor Poole’s comments on Tuesday...

Morning Brief - 11 May 2005 Activity in Asia has been limited with caution ahead of the US trade report later on Wednesday. Dollar buying is being restrained by unease ahead of the report and by the rumours of hedge-fund difficulties in New York. Volatility is, however, likely to rise sharply...

Morning Update - 10 May 2005 Trading has been subdued in Asia with the dollar making marginal gains after finding support beyond 1.2850 against the Euro. Activity is likely to be subdued during Tuesday ahead of the US trade data on Wednesday, although the Euro will struggle to secure any...

Morning Brief - 09 May 2005 The market reaction to the Friday employment report will remain important. There will be greater optimism that the US economy is coming out of its soft spot, although there will still be considerable uncertainties over the trends for consumer spending. The short-term...

Morning Brief - 6 May 2005 The US payroll report will inevitably dominate the markets on Friday, especially as the data will have important impact on interest rate expectations. The US currency will be vulnerable if the employment figure falls short of expectations. The dollar reaction will...

Morning Brief - 5 May 2005 The dollar has held within narrow ranges, but has had a slightly weaker bias in Asia. The dollar is still being undermined by the Fed’s Tuesday statement and there has also been some downgrading of expectations over the important Friday payroll data which will limit...

Morning Brief - 4 April 2005 The dollar weakened in Asia with a further consideration of the softer than expected Fed statement on interest rates. The dollar weakened to 1.2955 against the Euro and also weakened to below the 105.0 level against the yen. The US currency was also damaged by a...

Morning Brief - 3 April 2005 Trading has remained subdued in Asia with volumes dampened by the Japanese market holiday and caution ahead of the Fed decision. There will be a reluctance to sell the dollar ahead of the FOMC decision which should offer near-term dollar support with a slow advance...

Morning Breif - 2 May 2005 The yen has corrected weaker against the dollar due to no announcement of a Chinese yuan revaluation and reports of a North Korean missile test. The dollar was struggling to take advantage and there will still be speculation over a Chinese move during the week ahead...

Morning Brief - 29 April 2005 There is a stream of US data on Friday which individually could struggle normally to have a major impression. The combination of data will, however, be important for growth and inflation expectations with particular attention on the inflation data within the...

Morning Brief - 28 April 2005 The US first-quarter GDP report will be important on Thursday, especially after the weak durable goods data on Wednesday. Another weak figure would increase concerns over the US growth outlook and would expose the US currency to selling pressure. The dollar...

Morning Brief - 27April 2005 Trading was subdued in Asia with the dollar stuck in narrow ranges, but the US currency strengthened in early Europe on Monday as the market managed to push the dollar down through Euro support at the 1.2950 level. The dollar strengthened to 1.2920 and with trading...

Morning Brief - 26 April 2005 The US economic data will start to become more important again with the release of consumer confidence data on Tuesday. Given the concerns over US spending trends the data will be under closer scrutiny than usual. Euro sentiment will remain fragile due to fears...