Alan’s Forex Blog

The US dollar gained vs the majors on strong economic data and a remark by Goldman Sachs that the dollar fall is ending. Strong US exports help the world biggest economy to grow at a 4.9% paste at the third quarter of 07. The leading indexes on Wall Street finish higher as a Fed rate cut in December is expect. Ben Bernanke the Fed governor cemented expectations for more interest rate cuts that are expect to revive the economy. Reports that the U.S. government and financial institutions are

The ECB’s dilemma has grown in the past month. While the credit crisis has flared up once more and money…

BUY  EURUSD @1.4850, SL @1.4835, TP @1.4860 Signal Time: November 29, 2007 06:45 GMT STATUS: -cancelled -

During the course of the week, the dollar regained some ground. EUR-USD slipped from over 1.48 to around 1.477, USD-JPY…

Another volatile week where equity indices rallied very strongly from critical support on hopes that another round of rate cuts…

The RBA Board meets next week on December 4 and we do not expect any policy change to result from…

Forex Daily Technical Report Dollar Steady after Bernanke Signaled Rate Cut Yen and Swissy weakens mildly today as risk aversions abates following dovish comments from Fed Chairman Bernanke. Dollar remains in tight range against Euro and Sterling. In a speech overnight, Bernanke said that outlook has been “importantly affected over the past month by renewed turbulence in financial markets” and policy makers should judge whether balance of risks has shifted. Bernanke also noted there are

Today´s comment After having strengthened over the past couple of days, the British currency weakened somewhat yesterday as a bit of Wednesdays dramatic markets movements were reversed. Furthermore Blanchflower – a member of the BoE – said that he thinks that rates need to come down no, so that the central bank can get ahead of the curve. We remain bearish on Sterling and are currently waiting for the right time to re-establish a long position in EURGBP . In the currency markets we are