Recent content by forexqs

Gold Continues to Climb And The Wild Card EUR/GBP 23 Nov 2009 While all the major currencies continue to provide mix results, there is still one extremely strong in the market - the bullish Gold. During last night gold reached over$1,163 an ounce, making another all time high. However, a...

Dollar Falls on Fed Official's Rate Comments And The Wild Card Gold 19 Nov 2009 Thursday, 19 Nov 2009 Dollar Falls on Fed Official's Rate Comments The EUR advanced on the U.S dollar Wednesday, but failed to reach the $1.50 mark as investors zeroed in on a Fed official's comment suggesting key...

The Wild Card Gold 7 Oct 2009 Wednesday, 7 Oct 2009 Attention Turns to Crude Oil Before Inventory Data With the US Dollar's future feeling uncertain, attention seems to have turned towards Crude Oil following speculation that the Gulf States recently discussed dropping the USD for oil...

The Wild Card Oil 6 Oct 2009 Tuesday, 6 Oct 2009 Dollar Weakens on Speculation Gulf States May Stop Using Greenback Growing speculation over the potential end to Dollar-based trading in the oil market has pushed the USD down against 14 of its 16 major counterparts yesterday. A report on Tuesday...

The Wild Card Gold 5 Oct 2009 Monday, 5 Oct 2009 EUR/USD Volatility Ripples across FX Market As the first week of October kicked off last week, traders witnessed a number of volatile jumps in the worlds 2 primary currencies: the EUR and USD. Optimism appeared to be on the rise in America while...

The Wild Card Crude Oil 2 Oct 2009 Friday, 2 Oct 2009 Major U.S. Data Publications to Set the Tone for Forex Trading Today As this week's trading comes to an end, the market awaits vital data from the U.S. economy. Both the U.S. Non-Farm Employment Change and the U.S. Unemployment Rate is set...

The Wild Card USD/MXN 1 Oct 2009 Thursday, 1 Oct 2009 USD Falls Slightly then Rebounds Ahead of Tomorrow's NFP Report This week has been a bumpy ride for the US Dollar. After entering a bullish trend against a number of its currency rivals, the USD appeared set to step onto the world stage and...

The Wild Card AUD/USD 30 Sep 2009 Wednesday, 30 Sep 2009 The USD Remains Pressured on U.S Interest Rate Prospects The U.S. currency may be headed for a quarterly decline against 14 of 16 major counterparts before report this week forecast to show American employers cut fewer jobs, boosting...

The Wild Card NZD/JPY 29 Sep 2009 Tuesday, 29 Sep 2009 Bearish Sentiment Persists in Trading The USD and JPY maintain their rallies over their riskier counterparts as traders try to decipher officials' comments regarding exit strategies and interest rate hikes for the near future. Today sees...

The Wild Card EUR/GBP 28 Sep 2009 Monday, 28 Sep 2009 Japan's Currency Hits a 7 Month High The Yen rose to a 7 month high versus the Dollar as Japan's new government reiterated its opposition to pursuing deliberate currency devaluation strategy. The Sterling dropped to a 3 month low versus the...

The Wild Card USD/SEK 25 Sep 2009 Friday, 25 Sep 2009 Dollar, Yen up Ahead of the G20 Meeting The Dollar snaps a two week decline versus the EUR after disappointing U.S Home Sales data and ahead of the G20 meeting. The USD and JPY are benefiting from the recent surge in risk aversion ahead of...

The Wild Card Crude Oil 23 Sep 2009 Wednesday, 23 Sep 2009 U.S. Interest Rates on Tap Following two relatively peaceful trading days, today is filled with news publications from the major economies. Starting at 06:45 and until 09:00 (GMT) traders are advised to follow the news events...

The Wild Card EUR/GBP 22 Sep 2009 Tuesday, 22 Sep 2009 Market Expects Low Volatility Today There is likely to be less volatility in the market today with almost no market moving data on tap from Japan Europe and Unites States. Yet, few fundamental events that are due out later today may...

The Wild Card GBP/AUD 18 Sep 2009 Friday, 18 Sep 2009 Dollar Edges Up Against EUR, Crude Falls with Stocks The Dollar took a break from its bearish run versus the EUR yesterday, but the long term trend could continue today. Driving yesterday's reversal were losses in U.S. equities and...

Wild Card Gold 17 Sep 2009 Thursday, 17 Sep 2009 USD Continues Decline; Slow Economic Recovery Expected With recent fears over inflation and fiscal deficits, the market surprisingly appears calmer than it should be. The USD has continued its decline, suggesting that either faith in the...