Greenback run

Greenback run
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Forex Market News SNB 49% of the Swiss population came out and 77% of them rejected the gold initiative. This gives the SNB more room to move and be able to defend their currency, in particular the cap/floor of EURCHF 1.20 which they have had since Sep 2011. Gold and the Swissy opened this morning […]

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 […]

Emerging Markets

Emerging Markets
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Forex Market News Japanese holiday today as yen continues to weaken across the board. The surprising move last week however came from the Chinese with them throwing stimulus into the ring too. So all is not what it seems in Asia.  Cash Flow 2009 to 2013 saw a massive shift of wealth from west to […]

The Mario Bro Show

The Mario Bro Show
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Forex Market News Asia Not much out in Asia recently, steady as she goes. The G20 despite all the hype in Australia is largely ignored elsewhere and produced nothing, why have it? Australia is signing up a deal with China. Whilst they love to buy rocks from our land and sell it back as products […]

Promises Promises

Promises Promises
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Forex Market News Asia The session highlights saw the Aussie bounce off 0.8550, which happens to be the 50% Fibonacci retracement from 2008 lows to 2011 highs. This came over the jobs data which saw some slight improvement. Is finishing the session and the week weaker as US dollar continues to strengthen on yield flows. […]

Central Banks continue to dominate headlines this week

Central Banks continue to dominate headlines this week
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Forex Market News More Central Banks, Oil and a Tragic Cup Let’s start at home where we had stronger retail sales yesterday and the RBA made no move as expected. Glenn-I’m six months behind the curve- Stevens has continued the stance that rates will remain where they are for a long time and that the […]

Central Bank Divergence

Central Bank Divergence
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Forex Market News Central Banks Divergence The big news at the end of last week was the FOMC and BOJ. The two Central Banks that are on a diverging path of monetary policy that saw the USD/JPY spike 330 pips on Friday. Thursday’s FOMC saw the Greenback gain in strength, although it flat lined on […]

No Rest for the Wicked

No Rest for the Wicked
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Forex Market News Just when you thought you could take a break, here comes what could well be the biggest week of the month !!! Now with the FOMC out of the way and the FED completing its tapering of its QE bond purchasing program, and more importantly giving further indication of a ‘substantial improvement […]

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 […]

FOMC Week

FOMC Week
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Forex Market News Federal Open Market Committee With the FOMC meeting this week, trading will be relatively subdued running into it, volatility should be lower. It is expected that the Fed will end QE on Thursday but everyone will be watching for the wording in the statement. They will be looking for indications on the […]