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 […]

Central banks at it again!

Central banks at it again!
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Forex Market News Another Central Bank surprise overnight. They are getting good at making market professionals like I look like fools. Not one person predicted the BOC to drop rates by a quarter basis point to 0.75%. The Loonie jumped 200 pips on the news and has added another 100 since. 2015 is starting to […]

The Draghi Protocol

The Draghi Protocol
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Forex Market News In what was a pretty quiet trading session thanks to the USA market holiday for MLK Jr oil still makes the headlines. This time it was Iraqi stockpiles that slapped the bulls back down, with price currently down another 2.4% at 47.52 (WTI). However, it is Draghi and the ECB that is […]

Commodities and Bankers

Commodities and Bankers
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Forex Market News Oil Oil spent most of the day sideways, despite an increase in inventories (read even more supply). However in the last 2 hours both the WTI and Brent futures markets has jumped 4%. Not much to read into this other than bargain hunters hoping that the low 44’s are the lows in […]

The Slick is Sick

The Slick is Sick
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Forex Market News OPEC Relatively quiet night as US took off for holiday long weekend in the snow. Headlines dominated by the OPEC meeting and oil falls out of bed and is yet to hit the floor. Where is the floor? Anywhere between $50 and $10. Last at $69. Any currency with a hint of […]

QE Ends and the Fed gets Bullish

QE Ends and the Fed gets Bullish
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Forex Market News As expected in this little part of the world (apparently a surprise in the States) the US Fed finished up the QE program and showed decidedly hawkish view (bullish interest rates) on the economy. So when will the rates rise? Now that the QE is over, all eyes will be on the […]

Putin does it Again – Forex Trading News – Sept 1st 2014

Putin does it Again – Forex Trading News – Sept 1st 2014
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Forex Market News Putin, yes again I start with him but this is nuts, on Friday whilst talking with a bunch of kids throws out a line that he is a leading nuclear power and its best not to mess with him. Yep. That happened. Putin is pushing the world back into a few decades […]

Russia at War with Ukraine – Forex Trading News – Aug 29th 2014

Russia at War with Ukraine – Forex Trading News – Aug 29th 2014
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Forex Market News Putin is still trying to hide but it is clear now that Russia is at war with Ukraine, if not officially. Safe haven bid is back on a bit, because of the lack of resolution in the Putin/Poroshenko talks this week. This could escalate nastily and whilst Poroshenko is calling on NATO’s […]

Stocks High Again in the US – Forex Trading News – Aug 25th 2014

Stocks High Again in the US – Forex Trading News – Aug 25th 2014
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Forex Market News Stocks are back at the highs again in the US. Still far from all-time highs for us, we are some 22% below the 2007 levels. Like our currency, we have been in a range for 2014, between 5350 and 5550, although at the end of the week we poked through to test […]

German Powerhouse Starting to Stumble – Forex Trading News – Aug 12th 2014

German Powerhouse Starting to Stumble – Forex Trading News – Aug 12th 2014
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Forex Market News Sanctions both ways is starting to bite in both Russia and Europe. The German powerhouse is starting to stumble, the GDP on Thursday will show us this. The economic strength that helped Europe (Portugal, Italy, Greece, Spain) out of pain is now feeling the pinch. Lost sales out of Russia is hurting […]

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