With some markets in Europe closed for the day due to a Bank Holiday, the trading activity following Asia’s opening is slow, with the euro and pound trading slightly on the downside, as traders are getting ready for another busy week, with economic indicators out of the US, speeches by government officials and big, bad Ben Bernanke later on. The current dollar euphoria is rather remarkable, and it makes one wonder where it will lead over the... 

The Euro had a bad week, with continuing Greek problems . It slipped down to a lower range. The upcoming week consists of more important surveys and important employment and inflation figures. Here’s an outlook for the upcoming week in Europe, and an updated technical analysis for EUR/USD. EUR/USD chart with support and resistance lines marked on it. Click to enlarge: The Euro is falling across the board, also against the Japanese Yen... 

A busy week left the Canadian dollar weaker, returning to its previous range. The upcoming week is more light, and consists mostly of the Canadian GDP. Here’s a quick outlook for the events in Canada and an updated technical analysis for USD/CAD. USD/CAD chart with support and resistance lines marked on it. Click to enlarge: Mark Carney disappointed by leaving the current policy unchanged. A rate hike can be expected only around June.... 

What a year 2009 has been for market participants all across the globe, as we saw markets collapsing, reviving, collapsing again and at the final hour closer to the year end, a general optimistic feeling that things are getting better, which gave stocks and equities a push to new yearly highs. We had it all in the last year, bad news, bad economic conditions, bad taste that something worse is cooking all across the board and also at the same... 

What a day today is for the financial industry, as one year ago, on the 15th of September, markets across the globe got hit from the news that the biggest lender in USA Lehman Brothers filed for chapter 11 bankruptcies, amid the credit crisis and therefore starting the biggest liquidation that markets have seen for a long time. It was a black Monday and investors still shiver when they think how that day changed the course of history for all market... 

The big day for Europe is here, as ECB will announce its decision regarding the monetary policy. The euro is trading within tight ranges since early morning against its major counterparts and although it is widely awaited that rates will remain unchanged, investors are anticipating Trichet’s press conference which may give markets a glimpse of the banks future plans. The latest European data suggest that recovery is a reality in Germany... 

The week has come to an end, with dollar showing signs of weakness once again against its major counterparts and especially the euro, after better than expected news out of Germany and France yesterday, suggested that the worse may indeed be over for the Euro area and recovery may very well be a reality. The GDP numbers in Euro zone were surprisingly strong and traders honored the European currency by buying it gains the buck, taking the EUR/USD... 

The big day is here once again, with market participants ready to get all the information they need from the employment sector in US, as we have payroll data and unemployment rate. There are speculations that the unemployment rate will reach 26 year highs today, and this is what drives stocks and equities lower since early yesterday. The dollar has managed to stage a mini comeback yesterday and so far traders are in a wait and see mode amid the... 

Another week is starting with markets still on the rise and investors new found confidence still very much alive. Last week we saw DOW JONES rallying for a third week and the same happened for Europe and Asia. It is clear that the latest economic numbers out of US are in line with predictions for an economic recovery as Obama and his pals promised. Stocks are up since early Europe and the dollar is down as an aftermath as…  Read More →

The dollar continued to lose ground against its major counterparts yesterday, however today traders are a bit wary of selling the currency further amid Bernanke’s testimony in front of the House later today. The FED Chairman will “bare all” in front of the representatives and explain the current economic situation step by step. It is more than likely that the government officials will grill him once again about the “exit” plan out of the... 

The dollar continued to weaken all across the board, after the FOMC meeting didn’t show anything new regarding the rates direction, as most members of the FED were passing along mixed messages, with some saying economy is stalling for now and others that recovery will be fast in the coming months. The lack of a unified message passing across market participants left the investors more confused as to what will happen in the monetary policy over... 

Markets are getting ready for an interesting week, with FOMC meeting the big event of the week, together with Bernanke’s testimony in front of the Senate, which could be crucial for market direction and the dollar. The market participants are waiting for the bank to explain how the current monetary policy is working with low interest rates and potential inflationary dangers which could harm the economy further. The recent comments by Bernanke... 

The dollar continued to gain overnight against its major counterparts, with EUR/USD trading below important 1.39 and GBP/USD finding it hard to gain above 1.61, after new regulations and plans were introduced yesterday by Alistair Darling, concerning the banks and their survival. The reality of that matter is that investors are not in a euphoric mood any more regarding the economic outlook and there is the feeling amongst traders that something...