Mike Paterson’s Daily Forex Brief
We’ve seen some USD buying in the past 24 hours as traders get ready to be let down gently by Fed Chairman Bernanke this afternoon (15.00 BST) in his keynote speech from Jackson Hole. (more…)
Posts Tagged ‘forex’
Traders prepare to be disappointed by Bernanke at Jackson Hole
Friday, August 31st, 2012Ranges hold again as Merkel arrives in China
Thursday, August 30th, 2012Mike Paterson’s Daily Forex Brief
The major pairs have been sticking to their expected ranges again as German Chancellor Merkel arrives in China and central bankers arrive in Jackson Hole for tomorrow’s summit. (more…)
Euro consolidates as crucial month approaches
Wednesday, August 29th, 2012Mike Paterson’s Daily Forex Brief
Yesterday I mentioned that there was some decent Euro buying interest around. And so it’s proved, with EURUSD back up to challenge strong technical sell interest between 1.2580-1.2600 (more…)
Markets suffering holiday hang-over still
Tuesday, August 28th, 2012Mike Paterson’s Daily Forex Brief
For those of us unlucky enough to be back at our desks today we’re greeted with little change from Friday’s closing after some understandably quiet sessions. (more…)
Jury still out after lively week
Friday, August 24th, 2012Mike Paterson’s Daily Forex Brief
It would appear that traders will be glad to make it across the line to the week-end, a long one in the UK, after a scrappy but lively week of ups ‘n downs. (more…)
USD falls as FOMC Minutes signal further easing
Thursday, August 23rd, 2012Mike Paterson’s Daily Forex Brief
Last night’s release of the Minutes from the recent FOMC meeting showed a real consensus that further monetary easing in the US was on its way and the markets were quick to respond. (more…)
Euro makes further gains as traders forced to cover shorts
Wednesday, August 22nd, 2012Mike Paterson’s Daily Forex Brief
We’ve seen the Euro make further gains as traders were stopped out of short positions once key resistance levels were broken. Lending weight to the move higher was ECB director Asmussen, the German appointment of Chancellor Merkel, (more…)
Euro consolidates after ECB denies bond-yield caps report
Tuesday, August 21st, 2012Mike Paterson’s Daily Forex Brief
After starting the week on a softer tone we saw the Euro firm up again yesterday after the ECB dismissed a report in Germany’s Die Spiegel magazine that said the central bank may be planning to cap borrowing costs for peripheral Eurozone states. (more…)
Euro rallies on hopes of ECB bond purchases
Friday, August 17th, 2012Mike Paterson’s Daily Forex Brief
The Euro staged another rally yesterday as news emerged (again) that the ECB will reportedly embark on large-scale bond purchases after Spain submits its EFSF request. (more…)
Euro lower again as China/Japan dispute worries the markets
Thursday, August 16th, 2012Mike Paterson’s Daily Forex Brief
Yesterday was always going to be a scrappy day with most of Europe out for Assumption Day so it was little surprise that a row between China and Japan over disputed land should send a few tremors through thin summer markets. (more…)
Dollar finds a few buyers again as EZ GDP data causes further concern
Wednesday, August 15th, 2012Mike Paterson’s Daily Forex Brief
After a couple of days in the dumps we’ve seen a few US $ buyers re-emerge after poor Eurozone GDP data yesterday with particular concern that Germany was starting to feel the strain too. (more…)
Euro rallies as traders give up on short positions
Tuesday, August 14th, 2012Mike Paterson’s daily Forex brief
We’ve seen a break higher on the Euro as traders give up on recently acquired short positions having seen no real momentum on the downside and ahead of a raft of data today. (more…)
