The Yen Approaches 100, The Euro Stabilizes - April 8, 2013 21:33

We have not seen the end of the Yen debasement by any stretch of one’s imagination.  The Japanese monetary dumping ground has been in free fall since markets opened Sunday night and the USDJPY pair is now comfortably over 99 and headed to 100 easily this week.  The U.S. bond market has given back more […]

Bank of Japan Goes to Infinity and Beyond - April 5, 2013 0:57

The new head of the Bank of Japan made his mark on the markets with his first pronouncement last night.  Skipping the particulars, which if you are truly interested you can read them here, the BoJ is committed to doubling the size of its balance sheet over the next 20 months adding Â¥7 trillion per […]

China, Japan Do the QE Thing While U.S. Markets Sleep - October 31, 2012 20:45

On Monday the Bank of Japan announced another addition to their near-limitless QE program, Â¥11 trillion to be precise.  The market was hoping for Â¥15 trillion and as such the Yen promptly rose by 40 basis points.  This is what passes for markets these days.   The front-running of what traders expect central banks to do […]

Gold Breaks Through $1750, Euro Stalls Above $1.31 - October 17, 2012 22:28

It is becoming more obvious by the day that the 79 level on the USDX is being defended by the major central banks ahead of the U.S. Presidential election in three weeks.  Four times today the USDX approached (or breached) the 79 level on the downside and four times it was lifted back up and […]

Significant Factors to Affect Forex Trading - April 10, 2012 23:42

Significant economic events for the week ending April 13th, 2012 which can affect the forex markets are as follows: On Monday, April 9th, Canada reported its business outlook for future sales while the Bank of Canada published its senior loan officer survey. In Japan, data on current account balance, trade balance, consumer price index, producer […]

Euro Gains as European Partners Decide to Finalize the Bailout Package for Greece by Next Week - February 17, 2012 22:18

The euro gained on Friday in reaction to the news that Greece’s European partners will finalize a deal for the second bailout package by the next week. Director of currency research, Boris Schlossberg from GFT commented, “The euro rose as markets became convinced that the ongoing negotiations for the Greek bailout will finally conclude next […]

Weekly Forex Outlook - January 25, 2012 23:48

Major economic events which have a significant impact on the forex markets for the week ending January 27th, 2012 are as under: On Monday January 23rd, 2012, report on consumer confidence was released in euro zone. In Canada, index of leading economic indicators was released while in Australia, government data on producer price inflation was […]

Forex Market Outlook for the Week Ending December 30th - December 27, 2011 18:12

Major events to affect the forex markets for the week ending December 30th, 2011 are as follows: On Monday, markets in the euro zone, United Kingdom, Australia, New Zealand and United States remained closed in observance of the Boxing Day Holiday. On Tuesday, December 27th, 2011, industry data on house price inflation will be released […]

Forex Outlook for the Week Ending December 23rd - December 20, 2011 21:53

Major economic events that could affect the currencies trading for the week ending December 23rd, 2011 are as follows: On Monday December 19th, 2011, United Kingdom reported its industry data on house price inflation while Bank of England published its quarterly bulletin. Official data on current account was released in euro zone. Moreover, European Central […]