No Bullshit Forex Blog, A Part of No Bullshit Network

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

Share This

Well well, its Friday. What we’ll be looking at tonight or next week

GBPJPY

The range for the pair is closing soon with breaking out either on the top or bottom side of the trendline (more prone to the top now). It’s between 38.2 to 50.0 on the fibo and looks good to breach the 200EMA/SMA line on the top with MACD strength bias to the top as well.

Read the full post of It’s Friday, Pairs To Look Out Next Week

Share This

Again, Euro sets its course to top its new heigh at 1.4087, will it be breaching 1.41xx zone? (EURUSD)
It still looks strong and will probably not be retracing anytime soon from now.

Dan and I were just chatting about this pair and he showed me this chart.

Read the full post of Euro Dollar Sets All Time High

Share This

Euro dollar sets all time high of 1.3914 against its US counterpart as sell-offs continues with the dollar. The debacle remains on whether the Fed will reduce interest rates next week.

With highly sensitive indicators releasing tomorrow (Retail Sales, Industrial Production, Market Sentiments), we should be able to confirm the weakness of the dollar before the Interest Rate announcement.

Read the full post of Euro sets All Time High as Dollar Sinks Further

Share This

Somehow I think this might be relative to our favorite USDJPY, GBPJPY and EURJPY with his sudden decision to quit.

From Reuters,

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe abruptly announced his resignation on Wednesday after a year in power dogged by scandals, an election rout and a crisis over Japan’s support for U.S.-led operations in Afghanistan.

Read the full post of Shinzo Abe Steps Down as Japan Prime Minister

Share This

The firm CBI survey and recovery in risk appetite will support Sterling in the short term, but gains are liable to stall close to current levels given the weakening UK fundamentals. 

Sterling found support around 1.98 against the dollar on Wednesday and strengthened to test levels above the 1.99 level in US trading while the UK currency was little changed against the Euro.

Read the full post of Investica - Risk Recovery Boosts Sterling

Share This

In the period after the Federal Reserve statement on Tuesday until the end of Asian trading on Thursday, risk aversion eased with a significant return of confidence in high-yield assets and rising stock markets. The yen and Swiss franc also encountered fresh selling pressure as carry trade activity resumed.

Read the full post of Investica - Credit Fears Return

Share This

This one caught me since its the same pair that I am looking at for a potential short.

Read the full post of Daily FX - Euro Falls Back Into its Ranges

Share This

Coming at a time when Fed Chairman Bernanke is facing is first potential crisis, it will be very interesting to watch The Fed’s policy play out through all of this. I would not expect to see a change in the inflation bias, although markets will be looking for any sign of change in The Fed’s opinion regarding the housing situation and its potential to hinder growth going forward. As Bernanke clearly stated during his testimony last month, the situation is viewed as being “contained”.

Read the full post of NewsTraderFX - Fed Statement Is Crucial For Equity Markets And Carry Trades

Share This

There will be retail yen selling interest while Japanese institutions are likely to increase US dollar buying below the 118.0 level. A fragile short-term dollar recovery is likely before the US currency hits renewed selling pressure.

Read the full post of Investica - Yen retail selling to continue

Share This