Alan’s Forex Blog

Dollar extends weakness after FOMC announced 25 bps rate cut. Some volatility is triggered initially by the neutral nature of…

Forex Mid-Day Technical Report Dollar Trying to Recover after Strong Data, ahead of FOMC Dollar tries to recover from record lows in early US session after strong data from US. Q3 GDP grew strongly by an annualized rate of 3.9%, much better than expectation of 3.1% and even higher than prior quarter’s 3.8%. ADP employment report showed 106k job growths in private sector in Oct, much stronger than expectation of 60k and raised hope of a above 100k NFP on Friday. Though, recovery is so far

Dollar tries to recover from record lows in early US session after strong data from US. Q3 GDP grew strongly…

Forex Daily Technical Report Huge Day for Dollar, Focus on FOMC and Q3 GDP It’s a huge day for the greenback with FOMC rate decision and statement catching the highest attention of all markets. Interest rates futures are pricing in over a 90% odd of a 25bps cut today to bring the federal funds rate from a slightly restrictive 4.75% to a more neutral 4.50%. The discount rate is expected to be unchanged as borrowing at the discount window has been spare, indicating weak demand for emergency

Hey everyone. Just a quick post to let you know that I decided to open up my own little forum for regular visitors to my blog.  The forum has quite a lot of different “boards” and I am sure you will find a subject to discuss and share with other members. You can also advertise [...]

It’s a huge day for the greenback with FOMC rate decision and statement catching the highest attention of all markets….

Forex Mid-Day Technical Report Dollar Falls again after Poor Data, Cable at 26 Year High Dollar’s weakness returns after another round of poor data from US. S&P/Case-Schiller Composite-20, home prices in 20 U.S. metropolitan areas, fell -4.4% yoy in Aug, sharpest fall in almost 6 years and the 8th consecutive month of drop. Conference Board consumer confidence also tumbled sharply to 95.6 in Oct, reaching a 2 years low, much worse than consensus expectation of 99.0. This time, Sterling

Dollar’s weakness returns after another round of poor data from US. S&P/Case-Schiller Composite-20, home prices in 20 U.S. metropolitan areas,…