Online Forex King- Currency Trading.

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

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 [...]

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 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 [...]