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Forex Market Technical and Fundamental Recap
Today's Forex Analysis summary. The Fed ended much of the uncertainty in the Forex markets today when it announced that its key lending rate would stay between 0 - .25%, and there would be no additional expansion of its balance sheet through the purchases of government assets and mortgages. Although
CME Closing Market Commentary
Today's Forex Analysis summary Trader uncertainty over tomorrow’s Fed statement and concern over rising Treasury yields and the government’s ability to cover its debt obligations contributed to the weakness in the U.S. Dollar on Tuesda The uncertainty is coming from one group of traders that wants
Forex Market Technical and Fundamental Recap
Today's Forex Analysis summary. The fear of higher interest rates triggered adjustments in the markets overnight. This week the Treasury will auction a record $104 billion in notes. This huge amount of supply hitting the market is expected to help push yields higher. Foreign currency traders bought
Forex Market Technical and Fundamental Recap
Today's Forex Analysis summary. The lack of major economic reports encouraged Forex investors to take a look at the technical factors and a few of the news stories on Monday. Last week the EUR USD, GBP USD, USD CHF, NZD USD, USD CAD and AUD USD all posted weekly closing price reversals. In the cases
Forex Market Technical and Fundamental Recap
Today's Forex Analysis summary The right combination of fundamental and technical factors helped the U.S. Dollar surge to multi-week highs against most major currencies on Friday. Fundamentally, the Dollar rally was triggered by a better than expected U.S. jobs report. The U.S. Non-Farm Payroll
Forex Market Technical and Fundamental Recap
Today's Forex Analysis summary The USD CAD erased about half of yesterday’s gains following the release of the results of the latest Bank of Canada meeting. The BoC as expected left its benchmark interest rate unchanged. At its last meeting it announced its intention to keep interest rates at .25%
Forex Market Technical and Fundamental Recap
Today's Forex Analysis summary. A combination of technical and fundamental factors helped contribute to a huge rise in the U.S. Dollar against all major Forex pairs on Wednesday. This action sent commodity-linked currencies like the New Zealand Dollar and the Australian Dollar into a tailspin as
Forex Market Technical and Fundamental Recap
Today's Forex Analysis summary. Talk of creating a new global currency helped weaken the U.S. Dollar on Tuesday. Russia introduced the topic of creating a multi-national currency to take the place of the Dollar as a precaution against growing concerns about the U.S. ability to finance its huge
Forex Market Technical and Fundamental Recap
Today's Forex Analysis summary. EUR USD A strong fundamental report drove the EUR USD higher on Thursday. Following four days of lower-lows, the Euro came back with a vengeance as the European Commission’s gauge of economic sentiment posted stronger-than-expected results. Shorts covered following
Forex Market Technical and Fundamental Recap
Today's Forex Analysis summary. EUR USD A strong fundamental report drove the EUR USD higher on Thursday. Following four days of lower-lows, the Euro came back with a vengeance as the European Commission’s gauge of economic sentiment posted stronger-than-expected results. Shorts covered following