Online Forex King- Currency Trading.

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

Stronger Yen and Weaker Pound are the major movers this week.

The Japanese Yen proved to be the golden boy of the week. Risk aversion on the back of weaker US statistics namely Jobless claims, Manufacturing orders and Cosumer confidence led the Yen 3% stronger against the dollar and 4 1/2 % against Sterling.
The Euro was largely unchanged against the US dollar and may still be [...]

GBP then EURO rallies come to an abrupt end

Just as the Pound and Euro were fighting back came a mass of bad news to end the brief rallies.
First Sterling which was sold off on BOE Governor King’s dovish comments. Then The German IFO business climate figures and French retail sales which were very disappointing(Weather and the end of car scrappage schemes were blamed).
Just [...]

Weekly Review- Dollar fails to push on

Forex Update
The surprise of the week was the Federal Reserves decision to raise the discount rate by 25 basis points to .75 %. This was of not a signal of Fed tightening but merely targeting the supply of reserves.
After an initial Knee Jerk stronger the dollar ended the week close to where it began. However, [...]

Online Forex King News Now Available on iPhone, iPod Touch, Google Android, & BlackBerry Storm Smartphones.

We have just released a version of the site that is designed especially for your touch screen mobile device (or smart phone, if you prefer). The new version works on the iPhone, iPod Touch, Google Android, & BlackBerry Storm Smartphones.
So now you can get all of Larry´s forex news snippets and tips on the go.
Just [...]

GREECE UPDATE

GREEK UPDATE . Will they get a spoonful of sugar to help the medicine go down
The European Finance Ministers may have bought a little time and have asked the Greek government to report back to them on 16th March, without giving the market much in the way of information at all. They have requested that [...]

Is this the beginning of the end for Euro zone.

The week was dominated by Greece and although off the lows the market voted with their feet as far as the Euro was concerned.
Interestingly there are some very distinguished economic commentators predicting the demise of the Euro zone. Their argument is pretty compelling to anyone who has always had their doubts about the Euro zone [...]

Weekly review

BUY DOLLARS AND WEAR DIAMONDS
The Euro finished the week substantially lower against US Dollar on sharp declines in World Stock Markets together with continuing concerns over Greece and other Euro zone countries notably Portugal and Spain..Despite rallying calls following measures announced by Greece the markets remain to be convinced.The euro fell below $1.36 and dropped [...]

Monday Update

The euro is rebounding slightly while the pound suffered in Europe on Monday.
Generally the dollar is higher, helped by last Friday’s stronger-than-expected gross domestic product figures from the U.S. as well as some anticipation of more strong data later this week.
The Euro took center stage as a technical rebound helped it to bounce early in [...]