Global Financial Market News

Global Financial Market News
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Greenback weakness The US payroll figure last Friday really put a thorn in the FOMC’s side. Most of the Fed members have been very hawkish in recent weeks, culminating with Janet’s commentary that the data is good and we expect to raise rates twice this year. That is now unlikely to happen, not even one […]

ECB

ECB
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Forex Market News From the editors at Bloomberg, comes this piece. A good read so I encourage you to do so. Audacity doesn’t come easily to the European Central Bank. Its president, Mario Draghi, finally announced a long-awaited program of quantitative easing today. The numbers were bigger than expected, which is good, but the details […]

Canadians Shock Jobs Number

Canadians Shock Jobs Number
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Forex Market News   Bastille Day and Germany wins the World Cup in Brasil against Argentina. I think that is fitting as Germany had scored 17 goals in the cup to Argentina’s 7, although my heart was with the South Americans.  On another note, I went to Suncorp stadium in Brisbane on Saturday night and […]

Funds Flowing out of Stocks – Forex Trading News – July 9th 2014

Funds Flowing out of Stocks – Forex Trading News – July 9th 2014
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Forex Market News Yield chase was the order of the night last night. With funds flowing out of stocks as peak is seen ahead of US earnings season. This would normally see safe haven flows that wasn’t the case last night. The Yen took some flow but the biggest chase was for higher yielding assets […]

Low Volatility Here To Stay

Low Volatility Here To Stay
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Forex Market News First session back for the US and it was tight ranges all-round. It seems the low volatility is here to stay for some time yet. This means trading on day charts will continue to be a challenge and looking for lower time frame entries and trends will be key to decent returns.  […]

Huge Day/Night of Data out Today – Forex Trading News – July 3rd 2014

Huge Day/Night of Data out Today – Forex Trading News – July 3rd 2014
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Forex Market News Huge day/night of data out today. First though, let’s look at what has happened.   Aunty Janet has gone on record to say she won’t raise rates to battle the increase appetite for risk. This is saying she is worried about the risk and asset bubbles but because her balance sheet is […]

Pound Keeps Powering

Pound Keeps Powering
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Forex Market News An interesting week to say the least. Greenback has weakened somewhat and the pound keeps powering, even the little Aussie battler had a run overnight.    Data flow has seen the Canadians, Chinese and Europeans come in on expectations and basically treading water. The UK on the other hand are still producing […]

Stock Markets Rolled Over Last Night – Forex Trading News – June 25th 2014

Stock Markets Rolled Over Last Night – Forex Trading News – June 25th 2014
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Forex Market News Stock markets rolled over last night, showing divergence and with Ukraine/Iraq still in the headlines, VIX climbed a few points as protection and profit taking took place. This also saw a minor bid come into the US$, helped by strong housing and consumer confidence data. Surprisingly the Eurodollar also attracted funds despite […]

FOMC is the Biggest News Announcement on the Economic

FOMC is the Biggest News Announcement on the Economic
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Forex Market News Overnight, in the wee hours of tomorrow morning we get the quarterly FOMC projections and statement plus Aunty Janet gets to chat to us.   With inflation rising stronger than expected last night it seems the market is taking this as a sign that the Fed will hasten the tapering of QE3. […]

US has Started to Empty its Baghdad Embassy – Forex Trading News – June 16th 2014

US has Started to Empty its Baghdad Embassy – Forex Trading News – June 16th 2014
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Forex Market News I thought Isis was the Egyptian goddess of the children and protector of the dead, apparently I am ignorant, there is another ISIS about. This new ISIS (which I had not heard of until a short time ago) is a nasty bunch of thugs wanting to control Iraq and killing hundreds of […]

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