Online Forex King- Currency Trading.

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

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 [...]

Markets look East for Hope

Forex markets continued to trade off the back of equity markets and risk sentiment generally. The good news all came from the far east in terms of a big jump in Chinese exports and Japan 1st quarter GDP revision.
This helped steady and eventually rally the equity markets. So it was a softer dollar and yen [...]

GREEK BONDS BUY ONE GET ONE FREE

 The Greek Pantomime Continues
The situation in Greece again dominated the markets although most of the real volatility was confined to the bond markets rather than Forex markets.
Matters came to a head with the downgrading of Greek Bonds to Junk by Standard & Poors. Greece was finally forced to formally request their bailout ,agreeing to a [...]

Hello EU. Greece Calling. We Have Nil Points.

Greece dominates again
Once again Greece became the focal point for the market for much of the week.
Massive pressure in terms of further weakness in the bond market and on credit default swaps was prompted by news that the Greek deficit for 2009 was marked up 12.9 to13.6. To add further pressure Moody´s downgraded  them a [...]

Sterling Dips on PMI news

Sterling tripped up after poorer than expected UK PMI numbers (Purchasing Managers Index).
The UK currency was down versus the dollar and softer against the euro after a purchasing managers’ survey showed less growth in the UK services sector than was forecast.
March’s PMI number fell to 56.5 from 58.4 in February, in a survey by Markit [...]

Pre Easter Weekend Report

As we alluded to earlier on in the week, the US dollar continued to move up against the Japanese Yen today. It hit a seventh month high pushed on by a wave of favourable US data. Japanese investors flocked overseaes to invest funds into higher-yielding currencies at the beginning of their fiscal year.
Data reports on [...]