COMMENTARY

• Bank of Canada Continues Quantitative Easing
  Written by Kathy Lien
  Last updated 1/19/2010 9:25:11 AM ET
  Due to a strong currency and weak U.S. demand, the Bank of Canada decided to continue their Quantitative Easing program, pushing the loonie lower against the greenback.
  3 comments
• Pound Strengthens While Euro Struggles
  Written by Boris Schlossberg
  Last updated 1/19/2010 5:47:33 AM ET
  Pound was the focus of attention in the currency market for the second day in a row boosted by M&A flows from the just announced Cadbury Kraft deal and the much hotter than expected inflation data for the month of December. Cable soared to a six week high against the dollar at 1.6450 in the aftermath of massive increases in core CPI readings which rose to 2.9% from 2.6% forecast.
  1 comment
• Greece Continues to Weigh on Euro
  Written by Boris Schlossberg
  Last updated 1/19/2010 4:30:33 AM ET
  Greece continued to be the focus of attention at the Eurofin finance ministers meeting in Brussels as officials grappled with an array of policy choices to solve Greece’s mounting fiscal problems. Although the country has pledged to assume tough austerity measures to control its widening deficit, there is growing doubt that Greece can tackle these issues alone given the spotty accounting of its finances.
  15 comments
• Update: EUR/JPY Opportunity to Buy at 130.11
  Written by Bradley Gareiss
  Last updated 1/18/2010 8:48:41 PM ET
  A bullish Gartley pattern has completed on the EUR/JPY 4hr Chart.
  20 comments
• Forex: Where Do Central Banks Stand?
  Written by Kathy Lien
  Last updated 1/18/2010 4:34:30 PM ET
  It has been an extremely quiet day in the foreign exchange markets and in the words of my colleague Boris Schlossberg, it feels like a Sunday. Even though U.S. markets were the only ones closed for trading today, the absence of U.S. traders and U.S. equities as a guide for the dollar was certainly felt across the globe.
  4 comments
• Critical AUD/NZD Resistance Near 1.27...
  Written by Roger Stojsic
  Last updated 1/18/2010 2:43:12 PM ET
  A potential AUD/NZD selling opportunity may present itself this week as we have an emerging ...
  0 comments
• BoC Preview: Cautionary Comments Could Help USD/CAD
  Written by Kathy Lien
  Last updated 1/18/2010 9:42:19 AM ET
  It is a holiday here in the U.S. which means that the equity markets are closed for Martin Luther King's Day. As a result, it should be a quiet trading day in the forex markets.
  0 comments
• Cable Leads the Pack as Week Begins
  Written by Boris Schlossberg
  Last updated 1/18/2010 4:49:30 AM ET
  A predictably quiet start to the trading week with European calendar barren of any data and US capital markets closed today for Martin Luther King holiday. Most of the majors have been trapped in miniscule 30 point ranges as dealers are happy to provide two way trade with little external news affecting flows.
  0 comments
• Does Positioning Data Suggest A Dollar Rally?
  Written by Boris Schlossberg
  Last updated 1/18/2010 3:13:18 AM ET
  According to the latest CFCT Commitment of traders data short positions in the US dollar increased by factor of six last week to 67,500 rising to their highest level in a month. The positioning suggests that speculators are anticipating further dollar weakness in the week ahead, but their short bias may be subject to a squeeze if risk aversion flows reappear.
  13 comments
• EUR/JPY Opportunity to Buy at 130.11
  Written by Bradley Gareiss
  Last updated 1/15/2010 7:38:25 PM ET
  A bullish Gartley pattern is forming on the EUR/JPY 4hr Chart.
  15 comments
• U.S. Dollar: Curb Your Optimism
  Written by Kathy Lien
  Last updated 1/15/2010 5:05:08 PM ET
  It has been quite a while since we have seen a sea of red in the forex markets, with nearly all of the major currency pairs ending the day in negative territory. The dollar strengthened against everything except for the Japanese Yen which only confirms that risk aversion is driving the flows in the forex market today.
  2 comments
• Forex Markets Hit by Risk Aversion after More Disappointing U.S. Data
  Written by Kathy Lien
  Last updated 1/15/2010 10:24:41 AM ET
  Risk aversion has finally hit the forex markets following another round of weaker U.S. economic data. The dollar sold off against the Yen but rallied against higher yielding currencies as there are only so many disappointments the market can take before the optimism fades.
  8 comments
• Euro Lower, Yen Higher As Risk Aversion Rises
  Written by Boris Schlossberg
  Last updated 1/15/2010 5:28:19 AM ET
  The EUR/USD tumbled nearly 140 points in early morning European trade after rumors regarding the possible resignation of German Chancellor Angela Merkel swept through the currency market. The German government immediately denied the speculation but the pair already weakened by a relatively dovish monetary commentary from ECB chief Jean Claude Trichet tripped a slew of stops before finally stabilizing at the 1.4400 level.
  0 comments
• Euro Tumbles on Rumors that Merkel May Resign
  Written by Boris Schlossberg
  Last updated 1/15/2010 4:00:38 AM ET
  Euro tumbled through both 1.4500 and 1.4400 levels in early morning European trade on speculation that German Chancellor Angel Merkel was about to resign. The German government immediately denied the rumors, but the pair remained under heavy pressure as fear about political turmoil and uncertainly in Europe’s largest economy swept through the currency market.
  3 comments
• Update: GBP/NZD Long Opportunity at 2.1800
  Written by Bradley Gareiss
  Last updated 1/14/2010 9:34:56 PM ET
  A bullish butterfly pattern has completed on the GBP/NZD and we must update our exits.
  9 comments