Forex Trading Platforms: May 2012

Monday, May 28, 2012

Dollar Shows Follow Through on Bullish Break, EURUSD at 2010 Lows

There was a distinct difference in performance between basic risk trends and the US dollar. Though the Dow Jones Industrial Average briefly tested a new low for the year, it quickly recovered most of its lost ground. In contrast, the Dow Jones FXCM Dollar Index advanced for a second consecutive day to fresh 16-month highs.

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Euro, Risky Assets Look to Eurozone PMI and German IFO for Direction

The Euro and major currencies look to Eurozone PMI and German IFO data for direction as markets gauge how much slumping growth may amplify the debt crisis.

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Commodities Rise Despite Dismal Chinese, Eurozone PMIs - Why?

Commodity prices are on the upswing along with a recovery in stocks and softer US Dollar despite dismal Chinese and Eurozone PMI readings. What’s going on?

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Sunday, May 27, 2012

Euro Struggles As EU Summit Disappoints, Sterling Carving Higher Low?

The Euro is struggling to hold its ground on Thursday as the EU Summit did little to restore investor confidence, and the single currency may face additional headwinds over the remainder of the week as the threat of a Greek exit continues to drag on risk-taking behavior.

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Guest Commentary: Gold & Silver Daily Outlook 05.24.2012

Gold and silver tumbled down again along with other commodities. The Euro/USD reached yesterday its lowest level in nearly two years. The speculation around the future of Greece in the EU is likely to be among the factors dragging down not only the Euro but also metals.

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USD Index: Correction On Tap, Look For Higher Low

The greenback is struggling to hold its ground on Thursday, with the Dow Jones-FXCM U.S. Dollar Index falling back from a fresh yearly high of 10,218, and the short-term pullback may turn into a larger correction as the reserve currency remains overbought.

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Euro Dips to 22-Month Low; Risk Aversion Grows On Weaker China Factories

The Japanese Yen was the top performer for the second straight day as investors continued to shy away from risk-correlated assets. Meanwhile, the euro fluctuated against the dollar after tumbling to a 22-month low.

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USD Index Posts Impressive 3-Day Advance, Near-Term Correction Likely

The Dow Jones FXCM Dollar Index remained well supported today with the greenback now having advanced 14 of the past 18 sessions. Here are the levels to watch for heading into Asia Pacific trade.

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Guest Commentary: 5 Traits of a Successful Forex Trader

Not anybody can be a Forex trader. Trading occasionally, as a side income or professionally requires certain skills and characteristics.

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Dollar Advances for Third Straight Day, Momentum and Fear Easing

Volatility eased for a second day Thursday and underlying risk trends (measured through the S&P 500) carved out a fourth day of consolidation. Normally, we would expect the dollar, as the premier liquidity haven, to respond to this shift with a meaningful downturn of its own. Yet, that has been the case.

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Dollar May Pull Back as Profit-Taking Drives Risk Appetite Recovery

The US Dollar rose in Asia but prices appear at risk of a pullback as markets absorb negative news-flow, allowing profit-taking to spark a recovery in risky assets.

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Crude Oil, Gold May Rise as Risk-Linked Assets Correct Higher

Crude oil and gold prices have scope to correct higher as profit-taking drivers a recovery in risky assets after three consecutive weeks of aggressive selling.

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Guest Commentary: Gold & Silver Daily Outlook 05.25.2012

Precious metals bounced back from their tumble in recent days. Other commodities including oil also rallied during Thursday's trading. On today's agenda: U.S Consumer Sentiment, and German Consumer Climate Survey.

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Euro Continues To Search For Support, Sterling Still Eyeing 1.5600

FX volatility certainly appears to be tapered off ahead of the holiday weekend, but the ongoing turmoil in the euro-area should shake up the headline-driven market next week as European policy makers fail to restore investor confidence.

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Guest Commentary: MarketVisionTV - Should EURUSD Bears Ban This Video Nasty?

The Euro has broken down below 1.25 pretty much to the 5=1 1.2495 objective. What now??

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Profit-Taking Fuels Risk Appetite Recovery and US Dollar Pullback

The US Dollar edged lower as profit-taking sparked a correct upswing in higher-yielding currencies and a recovery in risk appetite, but remains posed to resume gains amid ongoing euro debt uncertainty.

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USD To Stay Afloat Amid Holiday Trade, Look To Sell AUD Correction

The greenback extended the rally from earlier this week, with the Dow Jones-FXCM U.S. Dollar Index climbing to a fresh yearly high of 10,225, and the reserve currency may continue to defy market expectations as it benefits from safe-haven flows.

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US Dollar Can’t Keep Its Drive Alive Without Fear

If all that was necessary in developing a new trend was securing a meaningful breakout – say clearing the range high that had held the dollar back on multiple occasions over 16-months – then the greenback would be clear for takeoff. However, to drive a currency with negative real rates consistently higher, there is a far greater need for fundamentals to keep the currency bid against the natural current of risk and reward.

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Forex Trading Weekly Forecast - 05.28.2012

The sense of fear has eased for the financial markets this past week, and the relief is tangible for the fundamentally-troubled (like the euro) and high-yielding (like the Aussie dollar). That said, safe havens (the US dollar and yen) have yet to turn on this eased tension. Will this be the week of a true reversal in risk trends or will the breather end with another wave of panic?

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British Pound Outlook Calls for Mixed Performance vs. Top Currencies

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Dollar Notches a Four Day Rally, Looking Ahead to Risk and NFPs

Though we couldn’t give the dollar top marks in its performance against all its counterparts to end this past week, the safe haven currency carried enough strength to outperform its fundamental obligations.

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