Online Forex King- Currency Trading.

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

Monday Market Update

The dollar was up against the yen in Asia today following rumours that Japanese institutional investors may move into dollar assets at the start of April die to the rise in U.S. interest rates.
Rising yields on US Treasuries will likely move big Japanese investors, such as life insurance companies, to move into U.S. assets to [...]

Euro hits 10 month low against the Dollar

The Euro has hit a 10-month low against the US dollar…. below $1.3300.
Markets are still jittery after Portugal’s debt was downgraded yesterday and with Euro leaders due to discuss a bail out for debt-stricken Greece.
The course of action is still undecided- Germany now wants the IMF to play a role (interestingly following Gordon Brown´s earlier [...]

Weekly Forex Markets Review

Euro Slips on Greece
Just when everyone believed a Euro bailout for Greece was a done deal the market was surprised by the German´s apparent U turn. The German government appear to have decided that planned aid for Greece was illegal and have stated the IMF should be involved financially not just in an advisory [...]

Forex Weekly Update March 14 2010

Weekly Update
Posted on | March 14, 2010 | No Comments
Dollar and Yen decline as risk appetite continues to improve
The Yen and US dollar declined last week as optimism for recovery extended. World wide equity markets continued there recent improvements and the S&P is hovering around the January high of 1150.
Although losses for the dollar were [...]

Weekly Update

Risk appetite improves on economic data and no Greek tragedy.
Generally positive Economic data encouraged equity rallies which helped arrest any further dollar rally and led to the Japanese Yen losing ground against most currencies. The Canadian Dollar and Australian Dollar led the gains against the yen as commodities rose, Crude oil closing at 81.50.
In the [...]