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 [...]

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 [...]

Appetite for US Dollar increases on Hungary

Most of the weeks dramatic action was reserved for Friday.
The bad news for equity markets and the Euro began with some strange comments from Hungary. The prime ministers official spokesman said the economy was in a grave situation and that default on its debt was possible.
The comments ignited fears that a debt crisis could be [...]

Weekly review

 No Chinese Takeaway
The Chinese rescued the week after denying the rumors that they were reviewing European Debt Holdings, confirming the Euro zone as one of the most important Investment Markets.
Hardly surprising when they have half a Trillion dollars worth of investments to protect.
The effect was to reverse the recent decline in Equities Oil and commodities [...]

Panic ,You aint seen nothing yet. ……..Buy Baked Beans and Gold

What a week eh. Firstly the Euro collapsed closely followed by equity markets.
The EUR/USD was sold off to a 4 year low of 1.2143 on a wave of selling following a announcements from Germany of a ban on naked short selling of bonds. This was seen as a panic measure.
However, the relief of the German [...]

EURUSD- Now That Was a Bigger Bounce

EURUSD surged 250 pips or so following the release of the FOMC meeting notes (Federal Open Market Comitte).The pair rose to 1.2400- the biggest daily gain in almost a year.
The Federal Open Market Committee IS PART OF of the Federal Reserve System and looks after US interest rate policy.

EURUSD Bounced Earlier Today But It Wasn´t a Particularly Impressive Bounce

Well-there was a Euro bounce today, but we´ve seen bigger bounces off bean bags in quick sand quite frankly. Let´s just say it was more Nicole Kidman than Dolly Parton.
The Euro bounced off 4-year low this morning, but the outlook still looks bearish – it´s been slipping back in the last couple of hours or [...]

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