Online Forex King- Currency Trading.

Currency Trading Advice, Broker Reviews & News from a Former City FX Trader

Market listens as Big Ben Chimes

Forex markets remained pretty subdued last week and frankly seem to offer little going forward at this stage.
The early part of the week was dominated by a slow slide in Equities but this was reversed sharply following comments by Federal Reserve Chairman Ben Bernanke.
Despite conceding recovery will only be at a modest pace he stated [...]

Narrowly mixed forex markets still await real trend

Markets remained pretty mixed last week. The US dollar once again benefitted from falls in equities later in the week as employment data spooked the markets once again. In Europe slightly dovish comments from ECB member Weber helped the Euro slip a wee bit. Elsewhere the Swiss Franc remained flavor of the week on the [...]

Dollar recovers sharply on weaker equity markets as Euro suffers most

It is business as usual in forex markets as an about turn in equity markets sparked a well earned rebound for the US Currency. The Dow fell over 3 % during the week as a combination of Fed announcements in Quantative Easing and economic outlook set the ball rolling together with a batch of weak [...]

Aint no cure as summertime blues continue for US Dollar

The US dollar continued its poor run.Indeed the US Dollar index posted its 9th straight weekly decline to a low just above the physiological 80 level.
All in all though there was nothing too exciting for the forex markets to get its teeth into. Equity markets which benefited from positive data early in the week shrugged [...]

More Serene than Stress

Risk appetite generally improved again last week and there was little sign of nervousness ahead of the EU bank stress test announced late on Friday.
There was little late reaction participants appearing to await the digestion of the results over the weekend. The majority of subsequent comment seems to indicate that the test was too soft. [...]

Summer ……and the shorts are taken out.

On the one hand there was the usual forex market reaction to Risk aversion sales, on the other there was the stellar performance of the Euro. Yes one would assume that many Euro Shorts self included felt the pain last week. Despite weaker equity markets the Euro /USD powered over 1.30 at one point and [...]

Equity market recovery points the way and in World Cup will the Dutch effort go to pot.

The forex markets continued to follow the improvement in risk sentiment in the recent time honored fashion.
The US dollar and Japanese Yen were weaker and the commodity currencies especially the Ausie Dollar enjoyed a good week.
The US dollar Euro touched levels just over 1.27 as equity markets surged with the US markets enjoying their best [...]

Gloom and Doom as equity markets fall and Germany makes the Semis

Stock markets around the world once again called the shots for the forex market.
New 2010 lows for many equity markets caused the largely usual knee jerks in currency markets. The Yen and Swiss Franc were the biggest winners particularly at the expense of the commodity currencies(AUS and CAN Dollars) some 5% plus gains.
Where things did [...]

A Sterling performance by GBP but more of a YEN for the YEN

There was a mixed bag of performances in forex markets last week.
Equity markets failed to sustain any sort of rally and indeed lost ground on the week.This prompted the best performance from the Japanese Yen hitting a low of 89.20 against the US Dollar
Elsewhere the usual market scenario on Risk Aversion did not quite [...]

Forex World Cup Report

As if to prove they are kings like their currency the Swiss beat Spain in the Football World Cup (That’s soccer for our American friends). France capitulate, Germany trip up badly, Italy very very poor and England well, the usual mess and progress goes down to the wire.
This could almost be the currency report this [...]

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