Forex Daily Review: Spain Regional Elections and GBP/AUD

22 Oct 2012• Matti Williamson, FX and commodities analyst      Spain Regional Elections in Galicia and the BasqueElections in Galicia (Spain) showed great support for the ruling People’s Party (PP), which supported the gains in Euro-dollar through the Asian session. In the Basque however, PP failed in garnering votes. The Basque Nationalist Party (PNV) and the EH Bildu...

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Forex Daily Review: EUR/USD $1 Billion Option Strike

spontaneous’ spike holds a great secret within its Japanese candlestick. $1.0 billion dollar option strike was placed a 1.3050 for yesterday’s New York (NY) cut at 14:00 GMT. The holder of the the option was said to be a large US investment house that was blamed for the tight range in Euro-dollar until the NY cut. EUR/USD spiked View...

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Forex Daily Review: Another Day, Another Bear

24 Oct 2012• Matti Williamson, FX and commodities analyst      Australian CPI and China Manufacturing DataYesterday’s session was enriched with the fine touch of the bear. Moody’s downgrades and reports that Spain’s gap between spending and taxes could be as high as 7.3% of GDP. Weak US earnings assisted the bears’ pressure on EUR/USD, shoving the pair from...

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Forex Daily Review: EUR/JPY Bearish Gift

25 Oct 2012• Matti Williamson, FX and commodities analyst      EUR/USD bulls' won the battle of 1.3000, soaking the heavy offers as the pair currently trades at 1.3005. The Japanese yen was heavily sold into Europe on reports that the BOJ will expand its asset purchase facility by View the Original article summary("6848484555408327989")...

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Forex Daily Review: Will Fitch Take Action and Downgrade the US?

EUR/JPY bearish gift could have been great for Christmas. The pair reversed its hard-gained in accordance to my technical analysis as risk-aversion dominates once again the financial markets. US earnings report failed to trigger a buying-spree in the US indices, resulting in hefty losses to SP500. Once of the main catalysts for the strong weakness are market speculations that...

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Forex Daily Review: Hurricane Sandy and EUR/USD

29 Oct 2012• Matti Williamson, FX and commodities analyst      The Euronext's New York Stock ExchangeForex traders woke up to the news that hurricane Sandy forced the closure of the US stock market for Monday and possibly Tuesday according to recent reports. The hurricane could harm the employees' safety and the major exchanges. The NYSE Euronext's New York...

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Forex Daily Review: BOJ Disappoints but Greece is the Big Bear

30 Oct 2012• Matti Williamson, FX and commodities analyst      BOJ Expands Easing MeasuresThe most-expected announcement from the BOJ disappointed the forex traders as the central bank expanded its asset purchasing program from View the Original article summary("3892717599144381937")...

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