Gold Continues to Climb

While all the major currencies continue to provide mix results, there is still one extremely strong in the forex  market – the bullish Gold. During last night gold reached over $1,163 an ounce, making another all time high. However, a recovery of the Dollar, if indeed takes place, has the potential to put an end to Gold’s uptrend.

Forex Highlights

USD – Is the Dollar Recovering?

EUR - Euro’s Bullishness Halts

JPY – Yen Strengthens on Positive Japanese Data

OIL – Oil’s Range Trading Continues; Tension in the Middle East Rises

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Gold Continues to Rise, Reaches $1,129 an Ounce!

The strongest trend in the market appears to be the bullishness of gold. Gold continues to break new records on a daily basis, and with a week packed with publications from the U.S economy entering, the main question is, can gold reach higher?

Forex Highlights

USD - Dollar Continues to Weaken Following Disappointing Data

EUR – Euro Sees Mixed Results against the Majors

JPY – Japan’s Interest Rate Announcement Expected this Week

OIL – Crude Oil Drops on Weak U.S. Energy Demand

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FXCM Forex Broker – Trade the News LIVE

FXCM forex broker invites traders to trade with DailyFX analysts who will take questions and provide analysis before, during, and after the news event. Live coverage starts fifteen minutes before the release. Some notable news release topics include NFPs and the ECB rate decision.

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Dollar Down on All Fronts Except JPY Following Fed Statement

After suffering a mild setback following the release of yesterday’s Federal Funds Rate policy statement, the USD now seems poised for a come-back. At the opening of the US market today at 12:30 GMT, forex traders will catch a glimpse of US retail sales and unemployment claims which are both expected to show a continuation of growth in the United States helping the USD regain some of yesterday’s losses.

Forex Highlights

USD – Dollar Down on All Fronts Except JPY Following Fed Statement

EUR – The Sterling Remains under Downward Pressure

JPY – Yen Falls on Low Safe-Haven Demand

Crude Oil – Oil Prices Rebound above $70 a Barrel

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Chrysler Sale Delay Weighs in on Dollar

After gathering some positive momentum at the end of last week from US employment data, the US Dollar now faces a new ordeal. As the US Supreme Court attempts to block the sale of Chrysler to Fiat, recently gained confidence in the US economy has begun to show signs of wear. Forex traders may see added volatility to a market that was forecast yesterday to be flat. News events such as this tend to push markets in a way which traders can greatly benefit. Today is a great day to trade the USD!

 

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Can German Ifo Data Reverse EUR Trends?

Forex Traders witnessed one of the first vital pieces of information from the Euro-Zone which actually put a dent in the plans of the EUR. The German Ifo Business Climate report failed to meet expectations and slightly lowered investor confidence in the 16-nation currency. As a result, forex  traders may indeed see a reversal in the making for the EUR/USD unless today’s news puts a halt to the correction. Sticking close to the calendar today and betting on news releases would be a wise move for the weary trader today as the movements of the forex market are not yet stabilized.

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Interest Rate Decisions in Europe to Lead Today’s Market!

The hottest forex news available in today’s market will no doubt be the interest rate decisions by the Bank of England (BoE) and the European Central Bank (ECB) today at 11:00 and 11:45 GMT, respectively. As interest rates are one of the primary tools used to value a nation’s currency, the impact of these announcements will likely push the GBP and EUR to new extremes in the minutes after they are announced. Today will be an important news-trading day for forex traders!
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Rising Stocks and Housing Data Hurt the Dollar

For the year thus far, the S&P 500 index is in positive territory. With this news the price of Crude Oil has also risen to its yearly high. However, the added buoyancy is hurting the Dollar as forex traders are taking on greater risk with higher yielding currencies and swapping out their safe-haven investm ents.  

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Forex Trading the News – A “No-Go” Zone?

Trading forex can be based on technical indicators from the charts or on pure forex news releases. Major news affairs and economic data make huge impact on currency movements and ignoring new releases sounds like a big mistake. However, a lot of traders choose not to include forex news in their analysis. Why is trading news more difficult then it sounds? What are the reasons for traders to stay away from news trading?

 

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EUR Continues to Decline Against the Pound and Dollar

Drops in U.S. equity markets rattled investors as both the Dollar and the Yen benefited from traders unwilling to take on further risks. The price of Crude Oil also plunged due to further signs the U.S. economy has yet to turn the corner.
 
Summary
USD – Drop in Equities Leads to a Higher Dollar
EUR – EUR Continues to Decline Against the Pound and DollarJPY – Less Risk Taking Helps the Yen Rise Across the Board

 

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