Forex Technical Update 7/19/2010 – Greenback and Japanese Yen Gains During Risk Aversion

Forex Technical Update 7/19/2010 Fan Yang CTA This week, equity markets started somewhat subdued, with Asian markets sliding, and European and US markets giving away early gains. The dollar and yen were mainly gainers to start, but the dollar’s strength fizzled during the European session. The Euro also continues to position strongly. I will briefly go over charts of the EUR/USD, GBP/USD, USD/JPY, GBP/JPY, and AUD/USD.

Forex News Recap (11/23) – Risk Off as Pessimism Reigns; Trouble in Korea Adds to Woes

Find more News at The USD and JPY rose on safe haven flows as investors worried about euro-zone debtloads and a deadly exchange of fire between North and South Korea. Equties fell for another day, and the Yen saw very strong swings against European and commodity currencies. The currency environment suggests this mood in financial markets will continue. News Provided by http Chief Market Analyst: Nick Nasad

Video Forex News Recap (10/19): China Raises Rates and Risk Aversion

Looks like the US Dollar finally sees some life. In today’s trading, risk aversion was the major theme, and we saw the safe-haven Dollar gain sharply across the board. China’s one-year lending rate will increase to 5.56% from 5.31% starting tomorrow, and the deposit rate will increase to 2.5% from 2.25%. Higher yielders and commodity currencies slide sharply. News Provided by Forex Market Analyst Nick Nasad

Forex News Recap (12/2) – No Bond Buying Program from ECB, Risk Appetite Supports Higher Yielders

The Euro fell against its rivals following Trichet’s press conference in which the ECB did not provide a new plan to buy more sovereign debt. With equities higher and risk appetite continuing into a second session, we saw the EUR/USD rebound after some knee-jerk selling. Commodity currencies were stronger, with the AUD and CAD breaking some short term levels.