How to play the FXE ETF across the weekend
As always heading into the weekend, I evaluate my portfolios for possible risk over the coming 48 hours and this weekend has a lot of euro zone risk that needs be thought through.
Currencies
Non-Farm Payrolls playbook update
With a disappointing, lower than expected Non-Farm Payroll report of 115,000, our playbook triggered the Mexican peso suggested trade.
Preview: how to trade the Non-Farm Payroll (NFP) report
Traders are already setting up for Friday’s Non-Farm Payroll (NFP) report due out at 8:30 a.m. EDT. The NFP is the biggest single piece of economic data traders attempt to trade. It’s the Super Bowl of data releases.
Flash forex market update
A quick look at some short term developments and status updates in the currency markets. Sentiment remains going short the USD/CAD and long the USD/JPY.
The rocket ride of the Japanese yen vs the U.S. dollar
The U.S. dollar is stronger against the all its major counterparts bar one; the Japanese yen at mid U.S. session was up 0.54%.
Using the kiwi to trade the Non-Farm Payroll report
All eyes will be focused on this Friday’s Non-Farm Payroll (NFP) report due out at 8:30 a.m. EDT. As with any major economic release, currency traders will be positioning themselves ahead of the number.
Bank of Japan opens fire in currency wars
While the Federal Reserve under Ben Bernanke is holding off on additional quantitative easing measures, across the Pacific the Bank of Japan has initiated a new round of asset buying.
Forex trading for beginners: how to determine a trend
Continuing our series on Forex trading for beginners, we now look at how to determine a trend. I’m sure many of you have heard the saying at some point “the trend is your friend, until it bends”. This says it all and is so true in the currency market – and any market for that matter.
Is gold about to rocket or drop like a rock?
U.S. stock indexes are soaring into late afternoon, moving higher as the U.S. dollar continues to fall. The EUR/USD is squeezing the shorts in the U.S. session at $1.32 but the EUR/USD is finally testing the backside of the upward trend line of the head and shoulders pattern that formed over the last three months on the daily chart.
The high risk EUD/USD trade ahead of the Fed statement today
The U.S. dollar has lost ground against the euro to a 3 week low ahead of the U.S. Federal Reserve rate decision and policy statement.