Forex-Conqueror.Net

Chinese Yuan has Hardly Budged

Bethany Colton — Thu, 02 Sep 2010 05:59:36 +0000

The frequency of my reports on the Chinese Yuan is admittedly much higher than it used to be. Why? Call it disbelief. More than two months have passed since China revalued its currency, and after a rapid 1% appreciation, the RMB has actually fallen back. Today, it stands only .5% higher against the Dollar compared to June 18. On a trade-weighted basis, it is actually 2.3% lower. What is going on?!

It can foremost be attributed to a disconnect between Chinese words and Chinese action.

Possible Japanese Intervention Has Investors Speculating

Caitlin Mirams — Wed, 01 Sep 2010 16:53:26 +0000

The yen declined on Wednesday as the AUD surged on faster-than-anticipated growth in Australia’s economy and a moderate rebound in China’s manufacturing sector. The JPY extended losses slightly after the Japanese ruling party powerbroker Ichiro Ozawa, challenging Prime Minister Naoto Kan in a party leadership vote, said in a policy statement he would enforce steps including intervention if the yen experienced a sharp increase.

The AUD increased 1.2 percent to 75.95 yen and the greenback edged up 0.3 percent to 84.47 yen In addition to the most rapid growth in three years for the Australian second-quarter GDP, talk of USD buying by Japanese investors at levels near 84.00 yen also helped push the yen to a lower point.

EURGBP Technical Analysis

Joshua Gibb — Wed, 01 Sep 2010 02:41:26 +0000

EURGBP

While both the EUR and GBP are in search of another clean close higher against the USD, it is always interesting to look at the cross to see which currency is trading stronger. The EUR, after trading lower since mid July, is finally starting to break north again. Tuesday’s price action pushed the EUR above trend line Resistance and it was followed by yesterday’s close higher to the 50 day moving average. If the EUR closes above the 100 day MA , currently near an 84 handle then the EUR may rally hard against the GBP, especially if the GBP fails to break north against the USD. Howe Read more…

Emerging Market Currencies Flat in 2010

Bethany Colton — Sat, 28 Aug 2010 13:42:04 +0000

The recovery that emerging markets (their economies and financial markets) have staged since the lows of 2008 is impressive. In most corners of the financial markets, all of the losses have been erased, and securities/currencies are trading only slightly below there pre-credit crisis levels. Even compared to twelve months ago, in 2009, the performance of emerging market currencies holds up well. In the year-to-date, however, most of these currencies have appreciated only slightly, thanks to a particularly weak month of August.

The MSCI emerging market stock index is currently down 2.5% since the start of the year.

No Free Signal Today

Caitlin Mirams — Fri, 27 Aug 2010 18:15:30 +0000

No free signal today. Analysis would have been same as Friday: short term bullish but ready for a bearish turn around.

Signal will be back tomorrow!

Happy Pipping!

Mark

P.S. link to Part 2 of the CP strategies article here

Today’s All Things Forex Broadcast: Are the JPY and CHF Candidates for Intervention?

Joshua Gibb — Fri, 27 Aug 2010 18:07:44 +0000

In the broadcast today: Are the JPY and CHF Candidates for Intervention? In the aftermath of the Bank of Japan’s emergency meeting, we focus on the JPY and CHF and explore the potential for currency market intervention by the Bank of Japan and the Swiss National Bank, we analyze the latest trend developments with the USD/JPY and EUR\/CHF currency pairs, we note the renewed weakness of the EUR against the currency majors and ponder the future of the EUR/USD exchange rate, we take a look at the GBP after the revised U.K. economic growth forecast by the British Chamber of Commerce, we highlight the market’s reaction to the Bank of Japan monetary policy meeting, the Euro-zone Economic Sentiment, and the U.S.

Forex Signals – EUR/USD Waiting for the Downtrend

Caitlin Mirams — Fri, 27 Aug 2010 09:40:32 +0000

Daily Outlook: Overall its been a good week of trading. Stood aside yesterday in the EUR/USD signal and will stand aside again today as the market chops around, looking for direction. Plus its Friday and I just generally stay away from Fridays.

In a nutshell investors are scared of lots of different markets right now so they are trying to figure out the best place to put there money. When that happens it will either benefit the USD or it won’t – we’ll wait for the charts to tell us. I’m short term bullish for the moment (if you are watching candlesticks entries) while eyeing a medium term resumption of the downtrend but, again, I’m not going to assume anything. I’ll let

Today’s All Things Forex Broadcast: USD, EUR and JPY New Trading Week Outlook

Joshua Gibb — Fri, 27 Aug 2010 05:46:07 +0000

In the broadcast today: USD, EUR and JPY New Trading Week Outlook. Ahead of the new trading week, we explore how the important economic reports scheduled for release throughout next week would impact the USD, EUR, JPY and other major currencies, we list the Top 10 economic events that will move the markets, we examine some of the consensus forecasts for the upcoming economic data, we analyze the latest trend developments with the EUR/USD and GBP\/USD currency pairs, we continue to monitor the USD\/JPY pair following another series of verbal intervention attempts from Japanese officials, we highlight the market’s reaction to the Japanese CPI and Unemployment Rate, the U.K. GDP, and the U.S.

Pound Rally Runs out of Steam

Bethany Colton — Wed, 25 Aug 2010 09:44:23 +0000

The rally in the Pound, which lifted it 10% from trough to peak, appears to be fizzling. The Pound is already down 3% in the last two weeks, and is trending downward. It now stands at a four-week low against the Dollar.

Looking back at the Pound’s two-month rise, it’s not hard to understand why it was unsustainable. You can see from the charts below that there was a strong correlation with the Euro and the S&P 500 over the same period of time. This suggests that the Pound rally was less a product of changing fundamentals and more due to a sudden decrease in risk aversion.

By no coincidence the rally in equities, the Euro, and a handful of other proxy vehicles for risk, all came to and end at the same time as the Pound. In

CAD: Steady as She Goes

Bethany Colton — Tue, 24 Aug 2010 08:34:17 +0000

The Canadian Dollar was supposed to be one of the “hot” currencies of 2010. Given that it’s now exactly where it started the year, I think it’s safe to say that this isn’t the case. On the one hand, it would seem that the markets are still confused about how much the CAD should be worth, as Adam recently pointed out. An alternative interpretation is that investors believe the Loonie should trade near parity with the US Dollar; it has hovered just above that mark since breaching it in April.

The Canadian Dollar has benefited from strong fundamentals, especially compared to the US. Inflation

Today’s All Things Forex Broadcast: Are EUR & USD Entering a New Phase of the Debt Crisis?

Joshua Gibb — Mon, 23 Aug 2010 22:24:49 +0000

In the broadcast today: Are EUR & USD Entering a New Phase of the Debt Crisis? As equities and risk appetite continue to deteriorate, we examine the early warning signs of what looks like the next phase of the global debt crisis and explore its potential impact on the EUR and the USD, we analyze the latest trend developments with the EUR/USD and GBP\/USD currency pairs, we follow up on the bearish breakout in the USD\/JPY pair as the USD bounces off the new 15-year lows against the JPY, we note the newly-established all-time low for the EUR vs. CHF, we highlight the market’s reaction to the Japanese Trade Balance, the German IFO Business Sentiment survey, the U.S.

Japanese Easing Policy Still Making Headlines

Caitlin Mirams — Mon, 23 Aug 2010 10:58:17 +0000

Japanese Finance Minister Yoshihiko Noda told reporters he would respond appropriately as needed, an expression he has not previously used in his campaign to talk the currency down.

Noda was to meet Prime Minister Naoto Kan and other ministers later. Market investors, however, were skeptical whether intervention alone would do much to encourage a rise that took the JPY to a 15-year peak versus the dollar and a nine-year high against the EUR on Tuesday, battering share prices in turn.

“The dollar went to 83 yen, so the chance of intervention has increased, but it would take more than intervention,” said Kiichi Murashima, an economist at Citigroup Global Markets in Tokyo.

Intervention Looms as Yen Closes in on Record High

Bethany Colton — Thu, 19 Aug 2010 22:52:26 +0000

It was only a few weeks ago that I last wrote about the possibility of intervention on behalf of the Japanese Yen, and frankly, not a whole lot has changed since then. On the other hand, the Japanese Yen has continued to appreciate, the Japanese economy has continued to deteriorate, and the Bank of Japan has continued to ratchet up its rhetoric. In short, whereas intervention once loomed as a distant prospect, it has now become a very real possibility

Last week, the Yen touched touched 84.73 (against the Dollar), the strongest level since July 1995. In the year-to-date, it has appreciated 10%.

Jobless Claims Along with Continuing Claims Data 8:30AM

Joshua Gibb — Thu, 19 Aug 2010 18:00:37 +0000