No Bullshit Forex Blog, A Part of No Bullshit Network

We can take a look at USDCAD before the release of the NFP on it’s employment changes.

An analysis from Tim, Investica at Forex Factory

Following the surprise interest rate cut this week, markets will now look to assess the extent of a slowdown in the Canadian economy and the prospect for a further short-term policy response from the Bank of Canada.

Read the full post of Ooh, It’s the Canadian Dollar Time

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This is a reading source from Forex Factory which I think is pretty good to what’s going to happen later in a few hours time.

Read the full post of CAD Interest Rates For December

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The steps are relatively easy, and you should read this from Alan as he share his experience with opening a Managed Account from GalleonFX. The thing to worry and definitely note about is the percentage, and the terms and conditions in the POA (Power of Attorney) for most of the managed accounts, in this case was skipped since you’re signing up directly from Galleon.

Read the full post of Opening A Forex Managed Account

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Source: Bloomberg Currencies

Oct. 10 (Bloomberg) — The yen fell to the lowest since July against the euro as a rally in Asian stocks and waning concern about a U.S. recession prompted traders to boost holdings of higher-yielding assets funded with money borrowed in Japan.

Read the full post of Bloomberg - Yen Falls to Lowest Since July Versus the Euro on Risk Appetite

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From ForexNews,

The greenback edged up higher against the majors in early US trading, firming to 1.4017 versus the euro and 117.48 against the yen before easing in the afternoon ahead of the FOMC monetary policy minutes. The currency market remains quiet as traders returned to their desks following the holiday to a dearth of fresh economic news.

Read the full post of MG Financial - Fed Minutes Supported USD

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Source: Investica

 

Overall confidence in the currency should remain firm, but there is scope for a further Australian dollar correction weaker towards 0.8850 given rapid gains over the previous two weeks.

Read the full post of Investica - Australian Dollar Correction

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Why the requote? why the slippage?

I have seen chit chat about how brokers handle news releases. Traders says it is wrong for a broker to withdraw their orders or increase the spreads, and/or requite orders more than normal. These events happen for specific reasons that have absolutely NOTHING to do with the broker tying to cheat the trader out of money. Let me explain why:

Read the full post of Jeez, no wonder there is slippage!

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It’s the time of the month again with Non-Farm Payroll in about 2 hours or so.

Let’s show you what I’d usually do before the big numbers and probably derive something from there and then with both fundamental and technical analysis. I’d start my day by visiting Forex Factory’s economic chart and check the forecast and the previous number.

Read the full post of Trading Non-Farm Payroll, The Big Numbers

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So Euro maintained its Interest Rate at 4.00%

Source: Bloomberg on Euro Rises; Trichet May Signal ECB Key Rate Has Yet to Peak

Oct. 4 (Bloomberg) — The euro snapped three days of declines against the dollar on speculation European Central Bank policy makers won’t signal that borrowing costs have peaked after today’s rate-setting meeting.

Read the full post of Watch out for Euro

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Bloomberg has one of the best reads for foreign exchange news, remember to bookmark it for your daily reads if you can. Latest: Singapore dollar rises to 10 years high.

Source: Bloomberg

Oct. 1 (Bloomberg) — The yen fell to a seven-week low against the euro and the Australian dollar as a rally in Asian stocks gave traders confidence to resume buying higher-yielding investments funded by loans in Japan.

Read the full post of Bloomberg - Yen Falls as Stock Rally, Singapore Dollars Reach 10 Years High

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