Forex News

Will a Banking Union Stop the Financial Crisis?
Saturday, 27 October, 2012
Since we have been looking at the changes in the FOREX system, such as how the USD is stacking up with other currencies and how gold prices are doing, we should take a look at something big that might be about to happen.
Read more >>

Repercussions of the Launch of CFPB on the Forex Industry
Tuesday, 23rd August 2011
The Frank-Dodd Reform and Consumer Protection Act that was passes one year ago will finally make its presence felt. One of the regulations for Forex industry laid down under the Act mandates that only regulated brokers who stringently follow all the guidelines laid down by CFTC can practice Forex Trading. All the others have been directed to stop operating.
Read more >>

Investors Play Safe As Equity Markets Fall
Monday, 22nd August 2011
Gold that was once considered to be a safe investment in the past has made a comeback with investors preferring to invest in it along with safe currencies like the Swiss Franc and the Yen as against Korean Won or the Australian dollar. US Dollar is not too far behind. However, the trading with the Franc has not risen too high owing to the measures taken by the Swiss National Bank thereby weakening the Franc. Similarly, in the case of the Yen, after the comments of the Japanese Finance Minister, it is expected that the Bank of Japan will take similar measures.
Read more >>

Countdown to FOMC Policy Release Brings Volatility
Wednesday, 3 November 2010
The data release that we've all been waiting for is upon us. Finally - in less than 24 hours, the Fed will release its minutes surrounding the monetary policy guidelines that have been set for the next quarter. Most importantly, the decision on whether quantitative easing measures will be employed will be delivered with the announcement.
Read more >>

All Eyes on the Federal Reserve This Week
Tuesday, 2 November 2010
Currency markets have been relatively quiet to start this week, with all of the attention of investors going towards the US Federal Reserve awaiting the Wednesday announcement of the latest developments in monetary policy. The Fed is set to release its opinion on the state of the US economy on Wednesday ET Time, and the jury really is out as to what exactly is going to happen in relation to the policy.
Read more >>

EUR/USD Breaks 1.4000 - More Downside in Short Term
Monday, 1 November 2010
The EUR/USD has broken through the 1.4000 barrier for the first time in a few weeks today - in a move which signals possibly the beginning of a major trend for the currency pair. Many investors have been sitting long the EUR/USD, and as such - have celebrated a number of large profits on the currency.
Read more >>

US Dollar Showing Signs of Reversal
Thursday, 28 October 2010
The USD fall could be coming to an end, if the current trends and indicators in the currency markets are anything to go by. Recently, we have seen a lot of evidence suggesting that the USD could be coming to the end of its long term down trend - and might in fact be setting itself up for more than a small correction to the upside.
Read more >>

US Dollar Continues Fall after USD/JPY Sets New Low
Tuesday, 26 October 2010
The USD was broadly lower against a basket of currencies on Tuesday morning - as the international Forex markets ingested the news out of the G-20 summit over the weekend. We wrote yesterday how there was relatively little news out of the meeting - with the main concern being the use of intervention by countries to help the exporting sector.
Read more >>

G-20 Meeting Uneventful - US Dollar Drops
Monday, 25 October 2010
Hopes that there may have been a slither of good news out of the G-20 meeting this weekend have been dashed, and as such, the US Dollar has dropped in the opening day of trade this week. As at 2:52pm JST, the US Dollar was broadly lower against a basket of currencies.
Read more >>

US Defence of Dollar Continues - QE Looking Unlikely
Friday 22 October 2010
Whilst the USD has been largely negative to begin this week - it looks to be closing in a stronger fashion. The US Dollar found a number of refreshed bids in to Friday - with investors happy that the risk of further quantitative easing looking slightly less likely in the current environment. It would seem that at present, investors are therefore happy to further accumulate the USD, and we believe that this trend will continue in to next week.
Read more >>

US Dollar Continues Climb - Aussie Also Higher
Tuesday, 19 October 2010
It was a one way ride for the USD last night - as the currency pushed slightly higher against most of its trading partners - except for the Aussie Dollar. Despite hitting a 10 month low just a few weeks back against a basket of currencies - the USD has recovered a little bit of ground as a result of the tight lipped nature of the Fed on quantitative easing measures.
Read more >>

US Dollar Rises Moderately to Begin Week
Monday, 18 October 2010
The USD was slightly higher to begin the week Monday - as investors tended to take short US dollar positions off the table to see where the currency is headed this week. The USD has been falling to new lows across the board (against most major currencies) in the last few months, so a slight breather makes sense at this point to reassess where the next move might be.
Read more >>

US Recovers Slightly To Start the Week
Tuesday, 12 October 2010
The USD gained a little bit of needed support to start the trading week Monday – as traders decided that the sell off of the currency had gone too far. As expected, the G7 currency meeting on the weekend reminded many that a currency war is certainly still on the cards after fierce negotiations failed to reach a solid plan of attack (hardly surprising).
Read more >>

US Dollar Slumps to Near New Lows against Yen
Friday, 8 October 2010
Despite the ongoing risk of intervention in the USD/JPY currency pair, the pairing slumped to fresh lows on Thursday - printing 82.17 at one point before bouncing back to 82.70 later in the session. This latest move left traders star struck, waiting for any sign of Japanese central bank intervention which must be close - given the logic behind the intervention just a few weeks ago.
Read more >>

US Dollar Expected to Weaken Further
Thursday, 7 October 2010
With the latest round of quantitative easing measures announced in the USA by the Fed, markets are trading the USD as if there is really no hope left for the benchmark currency. Against major currencies such as the JPY and EUR, the USD is falling by the wayside, creeping lower with each and every new trading day.
Read more >>

Bank of Japan Surprises Market with Rate Move
Wednesday, 6 October 2010
In what was probably the most surprising move in the recent history of financial markets, the Bank of Japan announced Tuesday that it had voted unanimously to lower the official cash rate in the country. The rate - which was already low compared to global standards, has now dropped even further to be that much closer to 0.00%.
Read more >>

Euro Moves Higher on Risk Trades
Friday 1 October 2010
The Euro closed the Asian trading session a fair amount higher against most other currencies on Friday, as risk trading dominated the session. Investors were seen lightening off on risky trades throughout the day, as more and more news filtered through the market.
Read more >>

Potential for Further Japanese Intervention Spooking Market
Thursday, 30 September 2010
Today is the end of yet another month this year, and as such – markets are breathing a slight sigh of relief. Only three months to Christmas holidays (2 months for some) – and ultimately that's only 8 weeks away.
Read more >>

US Dollar Falls on Concerns of Monetary Policy Easing
Wednesday, 29 September 2010
In Asian trade Wednesday, the USD was seen falling against most of its currency pairs in late afternoon trade, as further speculation around the potential of monetary policy easing gripped the market. At the current moment, the USD/JPY is trading at a session low of 83.65 – which is well down (more than 2% down) – on the open.
Read more >>

US Dollar Index Rallies from 7 Month Low
Tuesday, 27 September 2010
The US Dollar Index made a move overnight to boost it to a point above the recent 7 month low. As of the Asian trading session, the USD/JPY currency pair was trading at 84.20 – still down on the 85.00 or so level reached after the Foreign Ministry intervention a few weeks back – but nevertheless above the low of the currency pair.
Read more >>

Yen Trading Down as Investors Take Profits
Monday, 27 September 2010
Investors started the week by taking profits on the major currency pair – USD/JPY – as the threat of intervention in the pair dwindled. It seems that over the weekend, investors thought through the possibility of further intervention by the Japanese Foreign Ministry, and came to the conclusion that further cautious trading was not necessary.
Read more >>

Japanese Yen Waivers on Rumours of Further Intervention
Sunday, 26 September 2010
The Japanese Yen was trading significantly lower at the end of last week, as rumours surfaced of further intervention in the USD/JPY currency pair at the end of the week. It was speculated that the Japanese Foreign Ministry was delving in to the currency markets, apparently continuing the intervention that we have seen over the last few weeks.
Read more >>