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Category: Forex Commentary

Yen Appreciates Despite Noda’s Warnings

G10 Advancers and Decliners vs USD Global Indexes Current Level % Change Nikkei 225 Index 8’841.22 – 0.09 Hang Seng Index 20’478.99 + 0.19 FTSE 100 Index 5’795.20 + 1.26 DAX Index 6’539.85 + 1.84 SMI Index 6’100.43 + 0.45 S&P future 1’311.90 – 0.26 World Markets Current Level % Change Gold 1’718.25 – 0.14 [...]

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Daily Market Outlook – January 27, 2012

  Important Financial Indicators Forecast Previous EUR 13:15 (GMT) ECB President Draghi Speaks   USD 13:30 (GMT) Advance GDP 3.0% 1.8% Currencies EUR/USD rose during the Thursday session as traders continued to sell the Dollar overall. USD/CAD Canada’s dollar rallied to parity with its U.S. counterpart for the first time in almost three months as [...]

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Fed Strikes Dovish Tone, Pledge To Keep Low Rates Until Late 2014

G10 Advancers and Decliners vs USD Global Indexes Current Level % Change Nikkei 225 Index 8’849.47 – 0.39 Hang Seng Index 20’412.79 + 1.50 FTSE 100 Index 5’723.00 – 0.50 DAX Index 6’421.85 + 0.04 SMI Index 6’073.36 – 1.01 S&P future 1’319.30 – 0.07 World Markets Current Level % Change Gold 1’711.28 + 0.04 [...]

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Daily Market Outlook – January 26, 2012

Currencies EUR/USD The dollar traded 0.1 percent from the least in five weeks against the euro after the Federal Reserve extended its pledge to keep interest rates low until late 2014. The dollar traded at $1.3118 per euro as of 2:51 p.m. in Tokyo from $1.3106 in New York yesterday, when it dropped to $1.3121, [...]

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FX Markets Await UK GDP Ahead Of Tonight’s FOMC Meeting

G10 Advancers and Decliners vs USD Global Indexes Current Level % Change Nikkei 225 Index 8’883.69 + 1.12 FTSE 100 Index 5’751.90 – 0.53 DAX Index 6’419.22 – 0.27 SMI Index 6’135.10 + 0.12 S&P future 1’314.60 + 0.24 World Markets Current Level % Change Gold 1’668.70 + 0.18 Silver 32.27 + 0.66 VIX 18.91 [...]

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Daily Market Outlook – January 25, 2012

Currencies EUR/USD George Soros comments: Euro break-up may cause global meltdown USD/CAD The yen weakened against major currencies after Japan issued a high trade deficit in 31 years. Speculations were raised that the fiscal health may deteriorate. Commodities Oil Crude traded below $100 a barrel in New York as signs of rising U.S. stockpiles countered [...]

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Daily Market Outlook – January 24, 2012

Currencies EUR/USD The 17-nation currency weakened versus most major counterparts after Luxembourg Prime Minister Jean-Claude Juncker said talks aimed at relieving Greece’s debt burden were “off track.”. The euro traded at $1.3009 at 6:05 a.m. in London from $1.3013 in New York yesterday, when it reached $1.3053, the most since Jan. 4. AUD/USD The Australian [...]

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Eurozone Finance Ministers Reject Greek Bond Swap Proposal

G10 Advancers and Decliners vs USD Global Indexes Current Level % Change Nikkei 225 Index 8’785.33 + 0.22 FTSE 100 Index 5’782.56 + 0.94 DAX Index 6’436.62 + 0.50 SMI Index 6’127.67 + 0.08 S&P future 1’307.30 – 0.29 World Markets Current Level % Change Gold 1’675.87 – 0.08 Silver 32.43 + 0.29 VIX 18.67 [...]

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No Greek Deal Before Meeting Of EU Finance Ministers

Copyright © 2012 Swissquote Bank SA. All rights reserved.Swissquote Bank SA, 50 rue du Rhône, 1204 Geneva, Switzerland. ¤ ¤  Trading foreign exchange and spot precious metals involves significant risk of loss and may not be suitable for all investors. Prior to opening an ACM trading account with Swissquote Bank, consider your level of experience, [...]

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Daily Market Outlook – January 23, 2012

Currencies EUR/USD pair fell on Friday as traders sold the Euro on concerns of the Greek debts talks stalling. However, the pair was bought back up during the US session. The pair is trading at 1.2891 at the moment of writing this report where as the first resistance level is at 1.2934, braking the resistance [...]

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