Forex - Crude Oil, Gold Look to EU Summit and US Debt Debate for Guidance

(ForexTV.com)- Crude oil and gold are overlooking individual concerns to trade with macro-level trends, focusing on the impasse in US debt negotiations and the EU leaders’ summit.  Read more here…

Forex Daily Outlook – July 21 2011

(ForexCrunch)- US Unemployment claims, Ben Bernanke’s speech and US Philly Fed Manufacturing Index are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims measuring the number of Americans filing initial jobless claims dropped unexpectedly to 405,000 last week from 427,000 inthe week before. This reading was below the 413,000 expected. A small increase to 408,000 is predicted now. Read more here…

EUR/USD forex technical analysis round-up: Jul. 20

(Forex News Now)- Despite the euro gaining some ground against the dollar today, the markets are still struggling to find a clear direction on the eve of the much-anticipated euro zone summit on Greece scheduled for tomorrow in Brussels. Read more here…

FOREX-Euro rises against dollar as EU summit nears

(Reuters)- The euro rose against the dollar on Wednesday on cautious optimism that euro zone leaders may reach a deal to ease Greece's debt problems, though concerns remained about contagion to other countries in the region.

Signs of progress on a U.S. budget deal also prompted a rise in risk tolerance. A group of Democratic and Republican senators presented a new plan late on Tuesday that could revive stalled U.S. debt talks and avert a default by the world's biggest economy. Read more here…

Forex: Euro Rebound Could Be Short-Lived, Sterling At Risk

(Inside Futures)- Despite the slew of dismal data coming out of Europe, the EUR/USD held its ground throughout the overnight trade, but the rebound in the single-currency could be short-lived as the heightening risk for contagion continues to bear down on market sentiment. As the EU Summit scheduled for July 21 takes center stage, Governing Council board member Ewald Nowotny said it is up to the European Central Bank to decide whether or not to it will accept Greek government debt as collateral, and noted that the ECB should not be ‘totally’ dependant on the outlook casted by rating agencies during an interview on CNBC. At the same time, Mr. Nowotny warned that a Greek default would have ‘very grave consequences’ for the region, and went onto say that the central bank has begun its exit strategy after lifting the benchmark interest rate off the record-low. Read more here…

Forex: USD/CAD drops to 10-week low after BoC

(NASDAQ)- The USD/CAD extended another 40 pips to the downside following the BoC´s recent announcement to keep monetary policy unchanged, with the pair landing a fresh 10-week minimum in 0.9512. The pair has since scaled back some of those losses and trades currently at 0.9525, yet remains vulnerable to further selling pressure once the North American session gets underway. Read more here…

Forex Technical and Fundamental Analysis for the Week of July 18

(Business Insider)- EUR/USD had a down week and even broke through the 1.40 handle solidly. The pair then bounced back up, and it appears that the week is forming a hammer. This is very bullish, but it should be noted that the highs are getting lower, and as such – we don’t like buying at this point. A break below this week’s lows gets us wildly bearish and selling quickly. There is simply too much headline risk out of Europe to buy the Euro at this point. Read more here…

Forex trading overview of EURUSD, GBPUSD, USDCHF

(Forex News Now)- Following a tumultuous week for the financial markets that featured renewed concerns about debt crises both in Europe and the United States and even new fears about a stock market crash, here is an overview of how the EUR/USD, GBP/USD and USD/CHF closed out the trading week on Friday, July 15th. Read more here…

Forex Weekly Outlook –July 18-22

(FXstreet.com)- US Housing data, Euro-Zone German ZEW Economic Sentiment and German Ifo Business Climate and US Unemployment claims are among the big market movers this week. Here is an outlook on the major events ahead.

Last week President Barack Obama pressured congressmen to resolve the impasse over the debt limit by summoning Congressional leaders to the White House aiming to reach an agreement and present a full scale plan within the next few days. Will the US congress reach a resolution this week?

Apart from the usual events, the beginning of the week will see a reaction to the stress tests published on Friday. Some banks’ stocks might see a “Black Monday” and this may impact the euro. Read more here...

WORLD FOREX: Stress Test Results Don't Appease Euro Worries

(Wall Street Journal)- European banks did better than expected in stress -test results released Friday, but the euro couldn't gain any momentum due to the strain of the euro-zone debt crisis.

A mere nine banks out of 90 top lenders in Europe flunked the tests for a worst-case economic scenario, with a combined shortfall of EUR2.5 billion in capital. Investors had speculated that upward to 20 banks would fail the tests, analysts said. Read more here…

USD/CAD Daily Fundamental Analysis For July 15

(Daily Markets)- The USD/CAD pair managed to rise back after dropping earlier on Thursday, where early on Thursday the USD/CAD pair fell as crude oil prices rose and the USD weakened after Moody’s announced it put U.S. debt outlook under negative outlook, which better than expected data from the U.S. also supported the CAD earlier, as investors’ risk appetite improved, nonetheless, fears from the European debt crisis pushed the USD/CAD pair back to the upside, as investors fear Italy could soon follow Greece and Portugal into fiscal trouble. Read more here…

FOREX-Credit warning, Fed policy speculation hobble dollar

(Reuters)- The dollar hit a record low against the Swiss franc on Thursday and the euro rose a day after Moody's warned the United States could lose its top credit rating if Congress doesn't raise the U.S. debt ceiling.

The dollar also hit a four-month low against the yen after the U.S. Federal Reserve hinted Wednesday at further policy easing should the economy worsen, though better-than-expected U.S. unemployment and retail sales data Thursday eased concern and helped the dollar pare its losses. Read more here… 

Forex - NZD/USD Daily Fundamental Analysis for July 14

(ForexTV.com)- The NZD/USD pair advanced early Wednesday to cover its previous losses, as the New Zealand dollar benefited from the greenback weakness, in addition to the market sentiment improvement after the Chinese data.

The US dollar retreated against most of its major counterparts, after the Chinese GDP for the second quarter came better than expected, confirming that the global economy still find some support from the second-largest economy in the world. Read more here…

China's forex reserves hit new record high

(AFP)- China's foreign exchange reserves soared to a record $3.1975 trillion at the end of June, the central bank said Tuesday, highlighting concerns over inflation in the world's second biggest economy.

China's forex reserves have ballooned in recent years, fuelled by strong foreign investment, large trade surpluses and inflows of "hot money" -- short-term speculative funds in search of quick profits.

Foreign currencies earned by Chinese exporters are changed for yuan with the central bank so it can control the value of the currency.

The foreign exchange is added to China's growing coffers, while the yuan flow into the economy, adding to inflationary pressures.

Chinese Premier Wen Jiabao on Tuesday once again pledged that stabilising prices was still the main priority in the country's economy. Read more here…

Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, NZD

(Currency News)- POUND STERLING

This morning’s UK inflation data surprised analysts, showing that the headline CPI measure of UK inflation had dropped last month, against expectations. Downward pressure on Sterling was accentuated by trade data, also released this morning, which showed that the UK’s trade gap widened in May. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.

US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.5864

The Dollar enjoyed significant support in the market in early trading today, following comments by President Obama which warned of the dire consequences for the US economy of a failure by US policy-makers to reach agreement on raising the US debt ceiling. With ongoing fears that the Eurozone’s sovereign debt situation may be about to spread taking equities markets lower, the Dollar may see further safe-haven support in coming sessions. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.  Read more here…

Issues Related to Margin in Forex Trading

(Forex News Now)- Among online forex brokers, the term margin refers to the amount of liquid funds that a trader needs to hold on deposit with them in order to control a given size trading position.  Trading on margin provides a forex trader with the leverage to control larger positions than they could otherwise usually afford. Read more here…

FOREX-Euro sinks as Italy hurt by debt contagion fears

(Reuters)- Fear that the euro zone's debt crisis could spill over into Italy drove the euro to a record low against the Swiss franc on Monday as policy-makers tried to come up with a plan for a second round of Greek aid.

The currency also tumbled to a four-month low against the yen and a six-week trough against the dollar. A Financial Times report that some European leaders would consider letting Athens default on some of its bonds added to market anxiety. Read more here…

Italy, Weak US Jobs and China CPI adding Downside Pressure

(FXstreet.com)- U.S. Dollar Trading (US) markets opened negative on Monday as Chinese inflation data added to the weak lead from the June Nonfarm Payrolls on Friday. The USD gained on the back of safe haven demand with fresh EU debt concerns adding another layer of fear. June Nonfarm Payrolls at 18k vs. 90k forecast. The Unemployment rate increased to 9.2%. In US stocks, DJIA -62 points closing at 12657, S&P -9 points closing at 1343 and NASDAQ -12 points closing at 2859.

The Euro (EUR) fell heavily in Europe as focus turned to Italy with concerns that heavily indebted could be the next domino to fall in the saga. The market bounced on the Weak US data but the sellers came back in to leave the EUR/USD under pressure into the weekend. The Euro opened Monday under further pressure with the news the EU held emergency meeting over the weekend to deal with the Italy fears seen on Friday. Overall the EUR/USD traded with a low of 1.4204 and a high of 1.4368 before closing the day around 1.4250 in the New York session. Read more here…

Forex Technical And Fundamental Analysis For The Week Of July 11

(Business Insider)- The EUR/USD pair fell this past week, and has probably caused traders more pain than any other market lately as various headlines come out, rocking the pair back and forth. As this continues, this pair is becoming more and more difficult to trade. Because of this, we feel that a few more candles are needed to formulate any serious trading decisions on a long-term basis. Read more here…

Forex Swaps

(Forex News Now)- When a forex trader says they have just done a “swap” or have “swapped” their trading position with an online forex broker or forward desk market maker, they are usually referring to having executed a two part transaction in which they closed out a forex position for one value date and opened one of a similar magnitude for another value date. Read more here…

Trading the Minors

(Forex News Now)- Trading the minors means to establish long or short positions in currencies or currency pairs that tend to have lower liquidity than the major currency pairs that are most commonly dealt for speculative purposes when engaged in forex trading online or in the Interbank forex market. Read more here…

Forex Weekly Outlook for July 11th – 15th

(Forex News Now)- Last Friday, the euro lost ground vis-a-vis the US dollar, trading at 1.4263 at the end of the day. The single currency was down 0.68% on the day and had reached a session high of 1.4369 with a low of 1.4207 so far. Top Economic Events to Watch For This Week…

Forex - Schedule for Week of July 10th

(ForexTV.com)- Several key reports will be released this week: U.S. Trade, Retail Sales, Industrial Production, and the Consumer Price Index (CPI). In addition, Fed Chairman Ben Bernanke will present his semiannual Monetary Policy Report to Congress.

Retail sales were probably weak in June due to lower auto sales and lower gasoline prices - and many people will focus on retail sales excluding autos and gasoline. Also the Empire State manufacturing survey for July might show a return to expansion.

The Consumer Price Index (CPI) and the Producer Price Index (PPI) will probably show less inflation in June since energy prices declined last month. Read more here…

Forex - Summary for Week Ending July 8th

(ForexTV.com)- The key story of the week was the June employment report - and the report was dismal. 

There were only 18,000 total payroll jobs added in June, and 57,000 private sector payroll jobs. Also the BLS revised down April and May payrolls showing 44,000 fewer jobs were added than previously reported.

Basically every number was ugly: The unemployment rate increased from 9.1% to 9.2%, and the participation rate declined to 64.1%. The employment population ratio fell to 58.2%, matching the lowest level during the current employment recession. U-6, an alternate measure of labor underutilization that includes part time workers and marginally attached workers, increased to 16.2%, the highest level this year. More Forex news…

Is Currency Trading Worth the Risk?

(Wall Street Journal)- Forex is the biggest financial market in the world, with some $4 trillion traded each day. While it is dominated by big banks, corporations and private investment funds, the retail segment is the fastest-growing, according to Bank for International Settlements. Daily retail volume in 2010 was $313 billion, up from $300 million in 2000, according to Boston-based research firm Aite Group LLC—which estimates volume will rise by at least 14% in 2011 alone. Read more here…

FOREX-Dollar slides vs yen, franc on dismal U.S. jobs data

(Reuters)- The dollar dropped against the yen and Swiss franc on Friday as dour U.S. jobs data strengthened expectations the Federal Reserve will leave interest rates low well into next year, prompting investors to embrace alternate safe-havens. More Forex news…

Forex reserves hit record $69B in June

(Inquirer.net)- Philippine’s foreign exchange reserves hit a new record in June, moving closer to the $70-billion mark, as remittances and “hot money” remained robust. Data from the Bangko Sentral ng Pilipinas showed that the country’s gross international reserves (GIR) stood at $68.997 billion as of end-June, up by 42 percent from $48.704 billion posted in the same period last year. More Forex news…

Forex - Finally, a day packed with events and economic data

(FXstreet.com)- Today’s calendar is busy with UK releasing manufacturing and industrial production figures followed by the BOE rate decision, Germany releases industrial production data, ECB rate decision is the focus today on rate hike speculations. US releases ADP employment data ahead of tomorrow’s Non-farm payroll data, which could determine the expectations of job figures in the US followed by initial jobless claims and oil inventories. Tomorrow is Payroll Friday. More international news and events…

WORLD FOREX: Euro Recovers Slightly But Gains Limited

(Wall Street Journal)- The euro recovered slightly against the dollar in Asia Wednesday from overnight falls, but the gains were limited before the European Central Bank's policy-setting meeting Thursday and U.S. June jobs data due Friday.

Fears of sovereign debt contagion in the eurozone were rekindled by Moody's Investors Service downgrading of Portugal's ratings, but traders in Tokyo refrained from making aggressive moves ahead of ...

FOREX- Euro drops 2nd day vs dollar; China rate hike weighs

(Reuters)- The euro slid for a second straight session against the U.S. dollar as an interest rate hike by China prompted investors to shed exposure to riskier assets in a market already rattled by a downgrade of Portugal's debt to junk.

China raised interest rates for the third time this year on Wednesday, making clear that taming inflation remains a top priority even as its vast economy eases. Read on...

FOREX-Euro clipped after 6 days of gains on data, China

(Reuters)- The euro slid against the dollar and the Swiss franc on Tuesday after six days of gains as weak euro zone data and concerns over China weighed on sentiment and boosted currencies viewed as safe havens. The euro's losses, however, could be capped ahead of Thursday's meeting of the European Central Bank, which is expected to hike interest rates. A signal that the ECB would further tighten this year would also support the euro. Read more here…

Euro Weighed Down by Risk Negative Headlines and Softer Tuesday Data

(ForexTV.com)- The thin holiday trade is now behind us with the markets transitioning back into normal trading conditions. So far, the initial reaction in early Tuesday trade has been a risk off reaction, with currencies coming back under pressure and giving up a good deal of gains seen since Friday. The Euro has already taken out Monday’s low to break a sequence of consecutive daily higher lows and fundamental developments over the past few hours could continue to weigh. More international news…

Forex Video - Movers and Shakers

(ForexTV.com)- ForexTV is the world's first streaming forex video portal dedicated to providing information about the global forex trading marketplace. Through innovative technology and strategic partnerships, we endeavor to provide an unparalleled experience to our end-users. Our goal is to provide the latest forex news videos and data in a timely and dynamic fashion.  Read more here... 

Forex Weekly Outlook: July 4 - 8

(Seeking Alpha)- Important employment figures from the US including Non-Farm Payrolls, Canadian and Australian employment data together with rate decision in the Euro-Zone, Britain and Australia are this week’s market-movers.

Last week Greek legislators voted in favor of the austerity measures posed by the international community as a provision for handling the much needed emergency loan. The Euro/dollar pair strengthened after the vote despite spreading riots in Greece. Here are the top 10 major events for this week.

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