Forex Daily Review: Will the US Earnings Surprise Again? AUD/JPY Holds the Answers

16 Oct 2012• Matti Williamson, FX and commodities analyst      Today's US EarningsStrong US earnings boosted the risk sentiment in the Forex market. EUR/USD posted strong gains through Asia, attempting to break above 1.3000 at the time of this writing. Traders will focus on today's US earnings for Goldman Sachs Group, State Street Corp, Coca-Cola Co, Intel Corp,...

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Forex Daily Review: EUR/USD Gains on Precautionary Conditioned Credit Line (PCCL)

17 Oct 2012• Matti Williamson, FX and commodities analyst      Moody's Credits the ECBMoody's Investors Services affirmed Spain's Baa3 credit rating with a negative outlook. Moody's confirmed Spanish sovereign losing capital market access has been materially reduced as the European Central Bank (ECB) was willing to purchase Spanish bonds to limit price volatility.EUR/USD stretched its gains above 1.3100...

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Forex Daily Review: EU Summit Possible Effects on EUR/USD

18 Oct 2012• Matti Williamson, FX and commodities analyst      S&P Downgrades Ahead of the SummitToday's EU Summit is expected to draw the market attention in hopes that Spain may finally request financial aid to deal with its growing debts and perhaps Torika will surprise and announce Greece's problems are being resolved at a steady pace. Let's first...

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Forex Daily Review: PLdot may Affirm the Downtrend in Euro-dollar

19 Oct 2012• Matti Williamson, FX and commodities analyst      EU Summit, Day IITraders that hoped for a deeper solution for Greece may have to wait until 28 October summit that is viewed as the most important meeting this month. Yesterday's EU summit concluded a supervisor for Euro-zone banks is required and should be implemented in the upcoming...

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Forex Daily Review: China RRR Cut Speculations are Officially Denied

12 Oct 2012• Matti Williamson, FX and commodities analyst      China RRR cut Speculation DenialVicious speculations flooded the market in the European session China will cut its interest rate (RRR) at 04:15. EUR/USD violated some hefty stops as it topped 1.2984 but the bullish momentum may soon fade as forex traders are considering to dismiss the speculation of...

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Forex Daily Review: EUR/USD Intraday Bearish Correction

15 Oct 2012• Matti Williamson, FX and commodities analyst      Spain Bailout Request, Not Before October 21stForex traders dismissed the strong trade balance data from China over the weekend and sold EUR/USD through the Asian session as Spain disappointed the market by refusing to ask for a financial bailout. It is possible that Spain will wait for October...

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Forex Daily Review: BOJ Warns, CAD/JPY Prepares to Gain

05 Oct 2012• Matti Williamson, FX and commodities analyst      BOJ Monetary PolicyThe Bank of Japan (BOJ) concluded its 2-day meeting and kept its asset purchasing program unchanged. The market was slightly disappointed and bought then the Japanese yen (JPY) in response to the muted action. However, forex traders are missing a very important detail about Japan's rate...

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Forex Daily Review: What is the Bearish Target for GBP/AUD Correction?

08 Oct 2012• Matti Williamson, FX and commodities analyst      Non-Farm Payrolls StrategyMy technical analysis for CAD/JPY for the Non-Farm Payrolls (NFP) triggered its bullish target as the previous figure was revised higher, smothering the market with positive sentiment that weakened the Japanese yen (JPY) and US dollar (USD) against a basket of currencies. National holidays in Japan,...

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Forex Daily Review: GBP/AUD Skimmed the Target, EUR/USD is Observed

09 Oct 2012• Matti Williamson, FX and commodities analyst      EUR/CHF 'Mysterious' GainWhat may have left certain traders puzzled is EUR/CHF unexpected bullish spike, perhaps thought to be a minor FX intervention by the Swiss National Bank (SNB):View the Original article summary("443831878150934206")...

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Forex Daily Review: EUR/USD Bullish Correction, When Will it Begin?

EUR/USD was gunned down by the bears as Bloomberg mistakenly posted the wrong yields for Spain 10-year benchmark, causing heavy selling in EUR/USD. The weakness continued into the US session despite Bloomberg notifying all its clients of the error. Euro-dollar neared its support at 1.2830, implying a bullish correction may be seen in today's session as mentioned in yesterday's...

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Forex Daily Review: Back to Commodities, Soybean is Observed for Gains

01 Oct 2012• Matti Williamson, FX and commodities analyst      Spain Stress Test ResultsFriday's session affirmed what I have suspected. Strong weakness in AUD/USD gunned the bulls' stops as the pair continued to head lower with EUR/USD with end of month FX flows assisting the declines. Speculations flooded the market that Spain stress test results will be far...

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Forex Daily Review: New Japanese Finance Minister, Risk for FX Intervention Rises

02 Oct 2012• Matti Williamson, FX and commodities analyst      The RBA Cuts RateAs expected from early daily reviews, the Reserve Bank of Australia (RBA) slashed its cash rate by 25bps (0.25%) on global slowdown, particularly in China. AUD/USD dropped immediately and is expected to continue its downtrend although the current intraday indicators are in oversold territories at the...

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Forex Daily Review: Aussie Bears are Forgetting PBOC Could Ease

03 Oct 2012• Matti Williamson, FX and commodities analyst      Currency War RecapWhy am I not surprised that AUD/USD is trading at 1.0200? I wrote in earlier market reviews that the strong Aussie (as a result of Fed QE3) will only harm the Australian economy as expensive exports and a continued slowdown in China will ultimately lead to...

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Forex Daily Review: Don't be Fooled by EUR/USD Ambiguous Trend

Academy > Trading Basics > Seasoned Trader > Currency Insights > Special Insights for Traders > Trading Tips > Currency Pairs > Recommended Resources > 5 Insights View the Original article...

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