SearchArchives for: August 2007President Bush Announces Plan That Boosts Risky Currencies31st August 2007 Friday is looking up for risky currencies, as President Bush will announce a plan to help US homeowners who are at risk of defaulting on their mortgage loan. This has eased the concerns of many forex traders who have been resting their money in low-yiel… more » Categories: Forex News Mid-Day: Dollar Recovers after Solid Data and Bernanke31st August 2007 After being pressured for most of the day, dollar recovers in US session after some solid data and Bernankes speech....This article is courtesy of Action ForexEuro / US Dollar Technical Levels | Translation Posted By : Dylan | US Dollar /Swiss Franc Tech… more » Categories: Forex News Daily Report: Dollar Mixed ahead of Bernanke, Swiss Lower after CPI31st August 2007 Dollar is mixed today, trading with an undertone against Euro and Sterling but edges higher against the Japanese yen. The...This article is courtesy of Action ForexBritish Pound / US Dollar Technical Levels | British Pound / US Dollar Technical Levels |… more » Categories: Forex News Yen Bounces Back From Wednesdays Drop30th August 2007 Investors, confident that the US mortgage situation could be weathered, pulled money out of the yen on Wednesday and put it back into risky carry trades. However, things did not look so promising for the US on Thursday. As a result, the yen was once agai… more » Categories: Forex News Mid-Day Report: Dollar Still in Range after Mixed US Data30th August 2007 Dollar is still staying in range after mixed data from US. Q2 GDP growth, though revised less than expected, is...This article is courtesy of Action ForexMid-Day Report: Markets Continue to Consolidate in Tight Range | US Dollar / Japanese Yen Technical… more » Categories: Forex News Daily Report: Markets Stay in Familiar Range30th August 2007 Forex pairs continues to stuck in familiar range today so far. An Australian hedge fund, Basis Yield Alpha Fund, filed...This article is courtesy of EffectiveFXMedia Frenzy: What Murdochs Paper Chase Means for Business TV | Mid-Day Report: Dollar Higher… more » Categories: Forex News FOREX News and Overnight Technical Levels - August 29th29th August 2007 See the article...This article is courtesy of DailyFXAre There Optimum Indicator Parameters? | Daily Report: Dollar Consolidates in Holiday Trading, Sterling Scores Another High | Early afternoon forex comment more » Categories: Forex News US Dollar at a Crossroads29th August 2007 - Euro Bearish Below 1.3680 - Japanese Yen Bullish (USDJPY Bearish) Below 115.72 - British Pound Unclear - Swiss Franc Thrusting From Triangle? - Canadian...This article is courtesy of DailyFXDaily Report: Rally in Dollar and Yen Continues as the Show Go… more » Categories: Forex News Dollar Yen Firmer on Japanese Retail Demand - Nothing But a Deadcat Bounce?29th August 2007 Talking Points - Japanese Yen: off the lows as investment trust demand offsets risk aversion - Aussie: Low affordability hurts homes sales - Euro: Consumer...This article is courtesy of DailyFXBritish Pound Bullish Against 1.9676 | Dollar Likely to Gain… more » Categories: Forex News Investment in European Stocks Weakens Yen29th August 2007 While the US had a rough day yesterday, European stocks performed well enough to tempt investors away from the yen. Though a stable currency, the yen is a low-yielding investment and traders are ready to try their hand at a riskier venture with European… more » Categories: Forex News Mid-Day Report: Lack of Direction in the FX Markets29th August 2007 Dollar weakens mildly against Euro and Sterling, but after all, there is still a lack of clear direction in the...This article is courtesy of EffectiveFXFrom Jarhead to Talking Head
(Kevin Sites in the Hot Zone) | Daily Report: Focus on Existing Hom… more » Categories: Forex News Carry Trades: More Losses to Come29th August 2007 The Japanese Yen has surged against every major currency pair as the market resumes broad scale carry trade liquidation. As usual, stop losses have exacerbated...This article is courtesy of DailyFXAceTrader | Carry Trades hit by a Wave of Profit Taking |… more » Categories: Forex News British Pound Breaks 2.0029th August 2007 The British pound broke below 2.0 as rising risk aversions sent the US dollar higher. The only piece of economic data released from the UK this morning...This article is courtesy of DailyFXEconomic Calendar for Today | US Dollar / Swiss Franc Technical L… more » Categories: Forex News European Banks Still at Risk29th August 2007 Flight to safety sent traders pouring back into US dollars pushing the Euro lower for the second day in a row. German business confidence (the IFO survey)...This article is courtesy of DailyFXEconomic Calendar for Today | British Pound / US Dollar Techni… more » Categories: Forex News US Dollar May Continue to Gain as the Dow Plummets, Treasuries Surge29th August 2007 AUG 30 US GDP Annualized (Q2 P) (08:30 EST; 12:30 GMT) US Personal Consumption (Q2 P) (08:30 EST; 12:30 GMT) Expected: 4.1% Expected: 1.5% Previous: 3.4%...This article is courtesy of DailyFXEconomic Calendar for Today | Mid morning Forex market comment.… more » Categories: Forex News Sharp Reversal in Australian, New Zealand and Canadian Dollars29th August 2007 The Australian, New Zealand and Canadian dollars all came under heavy selling today as traders piled out of high yielding currencies. The market seemed...This article is courtesy of DailyFXMid morning Forex market comment. | US Dollar / Japanese Yen Tech… more » Categories: Forex News Daily Report: Yen Crosses Remain Pressured, Dollar Mixed29th August 2007 Yen crosses carried on with yesterdays weakness and edged lower today but was then supported by speculation that Japanese investment...This article is courtesy of Action ForexUSD/CAD - The Pair to Short-Term Range Trade | Swiss Franc Ending Diagonal | Co… more » Categories: Forex News US Dollar: Risk Aversion Returns as Stocks Fall Over 280 Points, Fed Needs to Cut Rates29th August 2007 - US Dollar: Risk Aversion Returns as Stocks Fall Over 280 Points, Fed Needs to Cut Rates - Carry Trades: More Losses to Come - European Banks Still at...This article is courtesy of DailyFXMidday Forex Commentry | London am | Making Money from Stock Mark… more » Categories: Forex News Forex Technical Update: Carry Trade SellOff Hits Kiwi29th August 2007 The plotting picture has changed considerably as the high yielders were slammed in the overnight session. As a result, both AUD and NZD have moved to a...This article is courtesy of DailyFXDaily Report: Carry Trade Unwinding Dominates, Dollar Look into Q… more » Categories: Forex News Fed Statement Sends Dow, Carry Trade Lower; Turmoil to Continue?29th August 2007 The US dollar remained largely unchanged despite late stock market tumbles, with continued market turmoil dooming the carry trade to further drops. Better-than-expected...This article is courtesy of DailyFXPlanning: A Key to Successful Trading | USD/JPY… more » Categories: Forex News China Life Shares Skyrocket On Record Profit29th August 2007 See the article...This article is courtesy of DailyFXMorning Forex Comment | New Zealand Dollar 5th Wave Objective Above .7491 | British Pound / US Dollar Technical Levels more » Categories: Forex News Credit Problems Strengthen Yen28th August 2007 Once again, fear of US mortgage problems has led investors back to arms of the reliable yen. A low-yield, low-risk currency, the Japanese yen has become a safe haven for skittish traders in recent weeks. Investors are right to be concerned, as the US hou… more » Categories: Forex News Little Reaction to FOMC Minutes, Focus Still on Risk Aversion28th August 2007 The forex markets showed little reaction to the FOMC minutes released today as focus remains on risk aversion. Though, the...This article is courtesy of Action ForexNovelties: The Door Key That Cant Be Misplaced | Japanese Yen Small Triangle | European c… more » Categories: Forex News Mid-Day Report: Yen Mildly Higher on Risk Aversion, FOMC Minutes Next28th August 2007 Yen continues to head higher, in particular against high yields as markets focus is turning back to risk aversion on...This article is courtesy of Action ForexJapanese Yen - Look for Break Above 122.61 | US Dollar /Swiss Franc Technical Levels | European… more » Categories: Forex News Daily Report: Euro Retreats Mildly ahead of German Ifo, FOMC Minutes Eyed28th August 2007 Euro retreats mildly against both the greenback and the Japanese yen ahead of the highly anticipated Germany Ifo index. The...This article is courtesy of Action ForexEuropean closing forex comment | Early Morning Forex Comment | Daily Report: Dollar Ext… more » Categories: Forex News FX Radio: Carry Trade Suffers on Dow Tumbles, Tokyo to Extend Losses?28th August 2007 Click Link to Listen to our Evening DailyFX Radio PodCast: http://media.dailyfx.com/podcasts/FXRadioPM082807.mp3 Key Points - US Dollar remains unchanged...This article is courtesy of DailyFXEuro, Pound Looking For Breakouts, Yen Volatility Curbs Project… more » Categories: Forex News US Dollar Breathes a Sigh of Relief, Trend Remains Towards Losses28th August 2007 The US Dollar saw a modest bounce on the day of trade, as relatively illiquid markets allowed a sigh of relief through the Monday New York open. A UK Summer...This article is courtesy of DailyFXUSDJPY Short Term Bullish Opportunity | Euro / US Dollar Tec… more » Categories: Forex News Euro Crosses Continue Corrections28th August 2007 EURJPY EURCHF EURGBPThis article is courtesy of DailyFXUS Dollar / Canadian Dollar Technical Levels | Dollar and Dow Breaks Down: Is This the Beginning of a Global Unwind? | FOREX News and Overnight Tehcnical Levels - June 4th more » Categories: Forex News Weekly Trading Lesson: What is MACD Divergence?27th August 2007 In my opinion, one of the strongest signals generated by technical indicators is MACD divergence on a daily chart. MACD stands for Moving Average Convergence/Divergence...This article is courtesy of DailyFXThe 7 Undeniable Rules of Forex Trading | Econom… more » Categories: Forex News Yen Net Positioning Flips from Short to Long27th August 2007 See the article...This article is courtesy of DailyFXEuro Stationary as Job Growth Slows, Yen Weak Against High Yielding CommDollars | British Pound Slips for Fourth Straight Day | Financial Market Indicator Snapshot more » Categories: Forex News Repricing of Risk to Continue? Analyst Weigh Possibilities27th August 2007 See the article...This article is courtesy of DailyFXBritish Pound / US Dollar Technical Levels | Loonie could Reach Parity against USD | Australian Dollar Ending Diagonal more » Categories: Forex News FOREX News and Overnight Technical Levels - August 27th27th August 2007 See the article...This article is courtesy of DailyFXUS Dollar / Japanese Yen Technical Levels | Daily Report: Carry Trade Dominates, Swiss Franc Boosted by Growth Upgrade | US Dollar / Canadian Dollar Technical Levels more » Categories: Forex News US Dollar Strong in Monday Asian Trade27th August 2007 Reports from Tokyo indicate that the US dollar is holding steady in Asia as of Monday morning. After receiving promising reports from the west, recent fears about the US credit problems have alleviated and risky trades have resumed in Asia. Since then, t… more » Categories: Forex News US Dollar Strong in Mondays Asian Trade27th August 2007 Reports from Tokyo indicate that the US dollar is holding steady in Asia as of Monday morning. After receiving promising reports from the west, recent fears about the US credit problems have alleviated and risky trades have resumed in Asia. Since then, t… more » Categories: Forex News Mid-Day Report: FX Markets Quietly Steady after Existing Home Sales27th August 2007 The forex markets are quietly steady in early US session. Existing home sales in US dropped merely 0.2% in Jul...This article is courtesy of Action ForexEuropean closing forex comment | US Dollar / Japanese Yen update | Japanese Yen - Look for Break Abov… more » Categories: Forex News Daily Report: Focus on Trichet and Existing Home Sales27th August 2007 Dollar and yen both edged mildly lower today but no follow through selling is seen yet. Liquidity drops in European...This article is courtesy of Action ForexRe:Framing: Media Innovations, Leaping From Lab to Screen | Euro / US Dollar Technical Levels |… more » Categories: Forex News Area Rugs â“ The Choice is Vast and Yours27th August 2007 Choosing an area rug is quite a challenge considering the vast sizes, shapes, colors, fabrics, and designs. You must consider the purpose the rug will serve whether it will provide a splash of color/design for a small room or a great deal of color/...Thi… more » Categories: Forex News Payday Advance27th August 2007 What Is a payday advance
A payday advance is a very short-term loan. This is a cash advance that has to be repaid by the next payday from the day the payday advance has been deposited into your account. This makes the duration of a payday advance...This… more » Categories: Forex News From Jarhead to Talking Head (Kevin Sites in the Hot Zone)27th August 2007 Kevin Sites in the Hot Zone - When the U.S. invaded Iraq in 2003, Marine Captain Josh Rushing was sent into the action, but not actual combat. He was posted at the U.S. media center in Doha, Qatar, to take on the worlds press corps. Strangely, as a...Thi… more » Categories: Forex News History of Stock Exchanges27th August 2007 Stock exchange or bourse is a mutual organization which provides facilities for stock brokers and traders, in trading company stocks and other securities, and for the issue of redemption of securities and other financial tools and capital even...This art… more » Categories: Forex News History of Trade27th August 2007 Basically trade means exchange of goods, services, or both. Trade is also called commerce. The actual face of trade was barter, which was the direct exchange of goods and services. Today traders generally negotiate through a medium of exchaange,...This a… more » Categories: Forex News Weekly Outlook: Dollar and Yen Sold off as Financial Markets Stabilized25th August 2007 Both the greenback and yen retreated sharply lower last week as global financial markets stabilized from the fear of credit...This article is courtesy of Action ForexUS Dollar / Japanese Yen Technical Levels | British Pound / US Dollar Technical Levels |… more » Categories: Forex News US Dollar Steady in Japan24th August 2007 Bank of Japan governor, Toshihiko Fukui, has expressed a desire to keep credit rates low in Japan. His aspiration to stabilize interest rates has had a positive effect on the US Dollar in Japan, reports from Tokyo are showing. While many global markets a… more » Categories: Forex News Mid-Day Report: Dollar Tumbles, Ignoring Strong Durables and Home Sales24th August 2007 Strong data from US are ignored the markets as dollar carry on todays weakness and heads further lower against Euro...This article is courtesy of Action ForexBritish Pound / US Dollar Technical Levels | Canadian Dollar Complex Correction | Pound Rallies… more » Categories: Forex News Daily Report: Yen Recovers Mildly Against Dollar, Focus Back to US Data24th August 2007 Yen strengthens mildly against dollar in early European session on the back of softer Asian stock markets and as US...This article is courtesy of Action ForexUS Dollar / Japanese Yen Technical Levels | US Dollar / Japanese Yen Technical Levels | Euro / U… more » Categories: Forex News Mid-Day Report: Euro and Sterling Rebound Further Against Dollar and Yen23rd August 2007 Euro and Sterling rebound further against dollar, thanks to strong rebound in respective yen crosses. But after all, key near...This article is courtesy of Action ForexDailyFX Dynamic Carry Trade Basket: Find out how we did more than 200 pips in just 5… more » Categories: Forex News Promising Survey Strengthens Pound23rd August 2007 Although the British pound suffered earlier in the week from a large Bank of England loan, the currency has been lifted due to a survey taken by UK manufacturers. The results of the survey, which inquired about their order books, showed that manufacturer… more » Categories: Forex News Daily Report: Yen Crosses Continues Higher, Pressing Near Term Resistance23rd August 2007 Yen crosses continues to head higher today, following rally in both the US and Asian stock markets. Markets paid little...This article is courtesy of Action ForexCanadian Dollar Long Term Resistance Line (USDCAD Support) at 1.0385 | Status on Americas re… more » Categories: Forex News Yen Suffers as Carry Trading Resumes22nd August 2007 Following a tumultuous period that stemmed from mortgage problems in the US, the global markets are finally calming down. While this is good news for most, the Japanese yen is weakening as a result. Why the change? Investors are feeling more confident ab… more » Categories: Forex News Mid-Day Report: Yen Mildly Lower But Still in Range ahead of BOJ22nd August 2007 Yen lowers in early US session as stock markets strengthens as well as on news that ECB will act further...This article is courtesy of Action ForexHas the G7 Passed the Buck? | US Dollar / Japanese Yen Technical Levels | US Dollar / Japanese Yen Technica… more » Categories: Forex News Daily Report: Another Day of Consolidation22nd August 2007 Forex markets continues to trade sideway today. Without top tier economic data, such consolidation will likely continue. Overnight, nothing significant...This article is courtesy of Action ForexMid-Day Report: Dollar Still in Range Against Euro after Str… more » Categories: Forex News Pound Weakened After Large BoE Loan21st August 2007 Although it is not known whether the Bank of England loaned £314 million to one borrower or many yesterday, the effects were still the same. A one-day loan of such magnitude weakened the domestic currency, if only temporarily. As experts point out, this… more » Categories: Forex News Mid-Day Report: Markets Continue to Consolidate in Tight Range21st August 2007 Markets remains generally quiet today even though theres news of another bank in Germany in the process to obtaining emergency...This article is courtesy of Action ForexMidday Forex Commentry | US Dollar /Swiss Franc Technical Levels | British Pound Hold… more » Categories: Forex News Daily Report: Rebound in Yen Crosses Lose Momentum, German ZEW Watched21st August 2007 Rebound in yen crosses continue to lose intraday momentum as most crosses are mildly softer into European session today. As...This article is courtesy of EffectiveFXYen Gained Little After Less Than Expected Hawkish Testimony by Bernanke | US Dollar / Ja… more » Categories: Forex News Forex Becoming Popular in Jamaica20th August 2007 A huge turnout at the recent "Jamaica Forex Expo" shows that foreign exchange trading is becoming a widespread practice in Jamaica. This expo was organized by the Market Traders Institute (MTI), which has reportedly trained nearly 1500 Jamaicans thus far… more » Categories: Forex News Mid-Day Report: More Consolidation in Cautious Sentiment20th August 2007 Yens retreat continues but intraday momentum is seen diminishing as markets enter into US session. There isnt any catalyst for...This article is courtesy of EffectiveFXNew Zealand Dollar Spikes Above Previous High | Financial Market Indicator Snapshot |… more » Categories: Forex News Daily Report: Yen Retreats Further, Dollar in Range as Investors Calmed Down20th August 2007 The forex market is generally quiet as the week starts. Strong rebound is seen in Asian stock markets which is...This article is courtesy of EffectiveFXAustralian Dollar and Kiwi Approaching Bullish Extremes - Expect New Highs | Australian Dollar Crosses… more » Categories: Forex News Weekly Outlook: Markets to Consolidate This Week after Feds Discount Rate Cut19th August 2007 Feds 50 bps discount rate cut on Friday stabilized the markets which was in massive carry trade unwinding as the...This article is courtesy of EffectiveFXMid-Day Report: Sterling Tumbles after BoE, Dollar Fired Higher by N Koreas Missles | Microsofts $6… more » Categories: Forex News Singapore Market Steady Despite Global Turmoil17th August 2007 Although recent credit problems in the US have led to a global market crisis, Singapore remains largely unaffected. The Singapore dollar was weakened briefly on Thursday, only to bounce back again by Friday. As for the foreign exchange markets, Singapore… more » Categories: Forex News Mid-Day Report: Yen Retreats Sharply after Fed Steps in with 50bps Discount Rate Cut17th August 2007 Fed stepped in before US open to restore "orderly conditions" in financial markets. Unexpectedly, Fed reduced the discount rate, the...This article is courtesy of EffectiveFXBritish Pound / US Dollar Technical Levels | US Dollar /Swiss Franc Technical Le… more » Categories: Forex News Daily Report: CHF Surges While Yen Remains Firm17th August 2007 The Japanese continues to head higher across the board today as Asian stock markets tumble. Fed announced an overnight repurchase...This article is courtesy of EffectiveFXEarly Morning Forex Comment | US Dollar / Canadian Dollar Technical Levels | Daily… more » Categories: Forex News Dollar and Yen Continue to Strengthen16th August 2007 Despite the effects of US subprime mortgage troubles on the rest of the world, investors have scaled back risky ventures and increased the value of both dollar and yen. While this result may be inadvertent, it is much appreciated by those who have lost m… more » Categories: Forex News Mid-Day Report: Free Fall in Yen Crosses Continues16th August 2007 Another round of massive yen buying is seen in late European session to early US session and this time, USD/JPY...This article is courtesy of EffectiveFXCanadian Dollar Long Term Resistance Line (USDCAD Support) at 1.0385 | USD/CAD - The Pair to Short-Te… more » Categories: Forex News Daily Report: Rally in Dollar and Yen Continues as the Show Goes On16th August 2007 The story continues today with dollar and yen extending strength across the board. Further losses in the US stock markets...This article is courtesy of EffectiveFXUS Dollar / Swiss Franc Technical Levels | US Dollar / Japanese Yen Technical Levels | Midd… more » Categories: Forex News Vietnam Sees Massive Forex Reserve Increase15th August 2007 Officials from the State Bank of Vietnam have confirmed that the countrys forex reserves have doubled, thanks to a solid investment in US dollars. What was once enough money to pay for 10 weeks of imports now buys 20. This windfall comes with a price, ho… more » Categories: Forex News Mid-Day Report: Dollar and Yen Remain Firm after US Data15th August 2007 Little reaction to batch of US data. The theme of the markets is still on credit crisis and risk aversion....This article is courtesy of EffectiveFXUS Dollar /Swiss Franc Technical Levels | British Pound / US Dollar Technical Levels | Financial Market In… more » Categories: Forex News Daily Report: Yen and Dollar Surges on Another Round of Carry Trade Unwinding15th August 2007 Dollar and yen are both boosted much higher today on another round of massive carry trade unwinding. Asian stock markets...This article is courtesy of EffectiveFXForex Mistakes That Assure Failure | Australian Dollar Declines From Top of Channel Resistan… more » Categories: Forex News US Mortgage Troubles Now Affecting Euro14th August 2007 The US subprime mortgage and credit sectors are in dire straits, which has investors around the globe scrambling to save their money. From Europe to Asia, everyone is experiencing shockwaves. Now, the euro can be counted amongst the Australian dollar and… more » Categories: Forex News |
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