Forex Capital Markets
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US Confidence And Housing Numbers Surprisingly Strong
With fears that the US recession is a near certainty for the second half of the year, today's data has supports two of the economy's most important and hardest hit sectors - the consumer and housing...
FXCM. - Friday July 25, 04:28 PM -
The Buck Does NOT Stop Here
The dollar rally to this point has been impressive. A continuation of the rally is expected. We turned bearish at 1.57 yesterday, mentioning that the drop from 1.5944 was awfully deep...
FXCM. - Friday July 25, 03:13 PM -
U.S. Durable Goods Orders Unexpectedly Gain
U.S durable goods orders unexpectedly rose 0.8% in June, as growing exports have offset weakness in the U.S. Orders ex transportation jumped 2.0% which is the highest in seven months, for the less...
FXCM. - Friday July 25, 02:50 PM -
A Sharp Reversal Threatens The Rebound In The Carry Trade And Risk Appetite
A sharp drop in high-yielding currencies and equities over the past few days may have sabotaged a crucial rebound in risk appetite and the currency market’s favored carry trade. Since last...
FXCM. - Friday July 25, 01:41 PM -
Euro Rebounds as Safe Haven Bid Returns - Will US Data Disappoint?
Talking Points • Japanese Yen: falls through 107.00 as equities dive • Euro: rebound above 1.5700 on safe haven flows • ...
FXCM. - Friday July 25, 12:10 PM -
U.K. GDP Falls to 1.6%, EqualingLowest Growth Rate Since 2001
U.K. economic growth slowed to 1.6% year-over-year from 2.3% in the first quarter, which was the slowest pace since 2001. Gross domestic product rose 0.2% in the three months through June, as the...
FXCM. - Friday July 25, 11:00 AM -
U.K. GDP Falls; ECB Liebscher Says Room For Rate Hike
Fundamental Headlines • GBPUSD – U.K. economic growth slowed to 1.6% year-over-year from 2.3% in the first quarter, which was the slowest pace since 2001. Gross...
FXCM. - Friday July 25, 10:24 AM -
Euro Open: Traders Focus on UK GDP
Japan’s Consumer Price Index surprised to the upside, putting inflation at 2.0% in the year to June versus expectations of 1.9%. Regardless, the Bank of Japan’s stated focus on supporting...
FXCM. - Friday July 25, 07:56 AM -
Emerging Market FX Weekly - June 24, 2008
Mexican Peso eyes key 10.00 mark on attractive interest rate differentials, Turkish Lira gives up gains as political risks rise, Singapore Dollar weakens as CPI unexpectedly falls 0.3% in June, Hong...
FXCM. - Friday July 25, 12:05 AM -
US Dollar: The Best of the Worst?
- Euro Extends Losses on Disappointing Data - British Pound Gets Killed by Retail SalesUS Dollar: The Best of the Worst? The US data released today was weak, but the reaction in the dollar has...
FXCM. - Thursday July 24, 10:04 PM -
Forex in 60 Seconds - UK 2Q GDP Could Set The Pound Up For Major Breakouts
· RBNZ Governor Alan Bollard delivers a surprise rate cut sending NZDUSD to its lowest level in a...
FXCM. - Thursday July 24, 09:23 PM -
GBP/USD: Is the UK Headed For Recession? Q2 GDP Will Tell Us on Friday
Economic expansion in the UK is anticipated to slow significantly during Q2 to match a three-year low of 1.6 percent, down from 2.3 percent in Q1. If anything, the odds are in favor of a more...
FXCM. - Thursday July 24, 07:37 PM -
Australian Dollar Crosses Prone to Corrections
The drop from 1.0823 is either a completed A-B-C decline, is wave A of a triangle, or wave C is still underway from near 1.0140. Meanwhile, a push through 1.0081 would make the rally from .8870 an...
FXCM. - Thursday July 24, 04:50 PM -
New Zealand Dollar Technical Outlook
We wrote yesterday that “the NZDUSD continues to fall and is likely in a 3rd wave down. A break of .7445 would confirm that speculation.” The pair broke the level and is headed much...
FXCM. - Thursday July 24, 04:18 PM -
Canadian Dollar Technical Outlook
Wave E may be complete.The USDCAD has formed a base from the 7/15 low and a bullish bias is warranted against .9818. This is to prepare for the breakout above 1.0378 that is expected in the...
FXCM. - Thursday July 24, 04:16 PM
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