Online Forex King- Currency Trading.

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

Dollar recovers sharply on weaker equity markets as Euro suffers most

It is business as usual in forex markets as an about turn in equity markets sparked a well earned rebound for the US Currency. The Dow fell over 3 % during the week as a combination of Fed announcements in Quantative Easing and economic outlook set the ball rolling together with a batch of weak [...]

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 [...]

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 [...]

Τι μια εβδομάδα να δούμε τι κάναμε στις αγορές σας……

 …… or for non Greek readers …What a week see what we did to your markets

It is difficult to describe last weeks events but suffice to say it completed one of the most volatile ever for forex, bond ,equity and commodity markets. The biggest winners in the forex markets was the Jap Yen 4% stronger [...]

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 [...]

Weekly Forex Update. Goldman Sacked?

Sentiment change swings market back.
After last weekends announcements on Greece and the knee jerk positive move for the Euro things fizzled out and then reversed.
Firstly after initial improvements in Greek bonds and a stronger Euro the market fully digested the continued lack of clarity and reversed both gains.
Fridays shock announcement that the SEC was prosecuting [...]

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 [...]

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 [...]