Alan’s Forex Blog

Hi! Welcome to a new day in forex market. As usual dollar declined against its rivals yesterday, setting new all time lows against Euro and Swiss Franc, and a more than twelve years low against Japanese Yen, as market participants are betting the Fed’s new liquidity push would do little to help the weak American economy or pare more Fed rate cuts. Euro zone industrial production better than expected reading trigger a rally against greenback all across the board, despite Jean-Claude Trichet

Good morning welcome to a new day in FX market. Greenback continued in free fall this Thursday, from the beginning of the Asian session, with no pause till the end of the American one; the decision of both European Central Banks, to live rates unchanged, pushed dollar even further, but Mr. Trichet press conference, where he remarked that “strong near-term inflationary pressure still remain”, that investment, growth, profitability, and employment have all stayed strong, and finally that “a

Hi! Welcome to a new day in forex market. After last Monday Euro record high and Japanese yen 3 years high against greenback, Tuesday was a quite disappointing trading day, with majors consolidating ahead of more interesting data to be released today and the rest of the week; with dollar wounded, a movement favoring the American currency seems unlikely in the next hours: only a very good reading in the ISM Services, (above 50.0) could help the currency to start a correction. Today, we have the

Hi! Welcome to a new day in forex market. Dollar interesting recovery against most of it’s rivals early in the American Session helped by the Consumer Price Index, (that posted a gain of 0.4 percent last month, higher than economists had expected) was partially diluted after FOMC Minutes, despite the higher inflation readings and comments about “’a reversal of a portion of the recent easing actions (regarding rate cuts), possibly even a rapid reversal, might be appropriate”. This way, Euro

Hi! Welcome to a new day in forex market. After the US holiday, dollar suffered against most of it rivals yesterday, specially against higher yielding currencies probably due to a general rise in global risk appetite, in a day without fundamental data to take care of.  The exception was GBP that continue falling after last Sunday’s announce from the British Government regarding the nationalization of Northern Rock PLC, a troubled mortgage lender company. Meanwhile, the negative sentiment

Hi! Welcome to a new day in forex market. After the G7 meeting that brought nothing new about actual economic conditions around the world, Monday was at the end, not a good day for greenback: by the end of the American session, dollar was on negative territory against most rivals, yet with no big differences from last Sunday opening, except against GBP, where the PPI jumped to 3.1%, well above the BOE target around 2%, sending the Pound up as higher inflation probably means a hold in rates for

Hi! Welcome to a new day in forex market. Yesterday dollar continued strengthening against is rivals, ridding in a number of circumstances: first, economic data published in Europe fell beyond expectations showing growth in the euro zone is finally feeling the cost of an expensive Euro; then the BOE cut their rates 0.25 points as expected, yet triggering a dollar buying all across the board, and finally, the ECB leaved rates unchanged, but Mr. Jean-Claude Trichet, ECB President, appeared open

Hi! Welcome to a new day in forex market. A quiet session we lived yesterday, with dollar mixed, making some gains against Euro and GBP but with small loses against other currencies, as the only economic report published was the Nonfarm Productivity, that fall beyond expectations, stopping greenback recovery, ahead of today’s rate decisions in Europe. With dollar appreciating on risk aversion (American stocks continue going down while gold return to the 900 level) and US data continues weak,