Results for qe
4 articles with this tag name
  • Which Currencies Will Do Best Against the U.S. Dollar?
    For readers of the Daily Currency Focus, it should be no surprise that the dollar has continued to weaken. On Wednesday, we said that the actions by the Federal Reserve have cemented the downtrend in the U.S. dollar. Given how currency traders have responded to previous Quantitative Easing threats and announcements, the EUR/USD could realistically hit 1.40 (see charts). Although equities have given back its gains and bond yields have rallied, the moves in the currency and commodity markets indicate that the Fed’s actions will have a lasting impact on the financial markets. As we look forward to more dollar weakness, it is worthwhile to consider how a weaker dollar impacts the global economy.
  • U.S. Dollar: Efforts of G20 and FASB
    The rally in U.S. equities and the improvement in risk appetite drove the U.S. dollar lower against all higher yielding currencies. Thanks to some extra efforts by the G20 and relaxation of mark to market accounting by the Financial Accounting Standards Board (FASB), investors have become more optimistic. However a big event risk lies ahead for the U.S. dollar and it remains to be seen whether the positive sentiment following the G20 and FASB can be sustained. The non-farm payrolls report is traditionally one of the most market moving pieces of data for the foreign exchange market and with the strong possibility of another sharp decline in jobs, it is too early to completely buy into the recovery story (How Could the Dollar React to Non-Farm Payrolls?).
  • Is a Global FX War Possible?
    Volatility has ripped through the foreign exchange market as the U.S. dollar gave back its earlier gains. Safe haven flows drove the dollar higher at the beginning of the U.S. trading session, but the currency lost value when equities took off. The big story in the foreign exchange today was the Swiss National Bank’s controversial and nuclear decision to intervene in the currency market, raising fears of a global FX war. By coming into the foreign exchange market to sell Swiss Francs, the central bank has driven the Euro and U.S. dollar sharply higher. The gains in these currencies were exacerbated by the rally in U.S. equities and a stronger retail sales report. The rally in the foreign exchange market today indicates that risk appetite has improved.
  • US Dollar: Key Players Not Optimistic Enough
    The US dollar extended its gains against the Euro, British pound and Japanese Yen as the key players in the recovery story disappoints the market. Overall the price action in the currency market has been muted and the dollar lost ground against other major currencies such as the Australian and New Zealand dollars. US economic data was weak but the dollar rally continued as traders focused on external rate decisions. The central bank of Australia left rates unchanged while Canada cut theirs by 50bp; next up are the Eurozone and UK rate decisions, both of which are expected to lower interest rates.

TRADE RECOMMENDATIONS

  • Trades to Watch
  • Trades in Progress
currency recommendation
GBP/AUD
Medium term



 Sell Sell at 1.6759
Stop at 1.6837
Target at 1.6641
NZD/CAD
Medium term



 Sell Sell at .7320
Stop at 0.7363
Target at 0.7255
currency recommendation
GBP/JPY
Short term
Opened 3/17/2010
 Sell Short from 139.1200
Stop at 139.12
Target at 137.51
GBP/JPY
Medium term
Opened 3/11/2010
 Sell Short from 139.2700
Stop at 140.39
Target at 137.58
NZD/USD
Medium term
Opened 2/26/2010
 Sell Short from 0.7141
Stop at 0.7205
Target at 0.7055

LATEST BUSINESS NEWS

QUOTEBOARD

  • Key Quotes
  • Currencies
  • Markets
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.3680
  • 1.3739
  • 1.3647
EUR/USD
5 min chart
  • GBP/USD
  • up
  • 1.5293
  • 1.5327
  • 1.5239
GBP/USD
5 min chart
  • USD/JPY
  • down
  • 90.39
  • 90.43
  • 89.75
USD/JPY
5 min chart
  • OIL
  • down
  • 82.45
  • 82.74
  • 81.86
CLJ0
5 min chart
  • GOLD
  • down
  • 1124.6
  • 1127.4
  • 1118.2
.GOLD
5 min chart
  • US Stocks
  • up
  • 10757
  • 10765
  • 10704
.US30
5 min chart
  • UK Stocks
  • down
  • 5652.8
  • 5662.3
  • 5613.3
.UK100
5 min chart
  • DEM Stocks
  • down
  • 6023.3
  • 6039.8
  • 6001.5
.DE30
5 min chart
  • JP Stocks
  • up
  • 10781
  • 10843
  • 10706
.JP225
5 min chart
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.3680
  • 1.3739
  • 1.3647
5 min chart
  • GBP/USD
  • up
  • 1.5293
  • 1.5327
  • 1.5239
  • USD/JPY
  • down
  • 90.39
  • 90.43
  • 89.75
  • USD/CHF
  • down
  • 1.0572
  • 1.0599
  • 1.0540
  • USD/CAD
  • down
  • 1.0104
  • 1.0138
  • 1.0088
  • AUD/USD
  • up
  • 0.9218
  • 0.9233
  • 0.9192
  • NZD/USD
  • down
  • 0.7164
  • 0.7174
  • 0.7118
  • USD/MXN
  • down
  • 12.4282
  • 12.4776
  • 12.4277
  • EUR/JPY
  • up
  • 123.67
  • 124.21
  • 122.64
  • GBP/JPY
  • up
  • 138.24
  • 138.55
  • 137.00
  •  
  • current
  • high
  • low
 
  • OIL
  • down
  • 82.45
  • 82.74
  • 81.86
5 min chart
  • GOLD
  • down
  • 1124.6
  • 1127.4
  • 1118.2
5 min chart
  • SILVER
  • down
  • 17.472
  • 17.542
  • 17.352
5 min chart
  • US500
  • up
  • 1165.9
  • 1167.4
  • 1161.4
5 min chart
  • UK Stocks
  • down
  • 5652.8
  • 5662.3
  • 5613.3
5 min chart
  • DEM Stocks
  • down
  • 6023.3
  • 6039.8
  • 6001.5
5 min chart
  • JP Stocks
  • up
  • 10781
  • 10843
  • 10706
5 min chart
  • AU Stocks
  • up
  • 4865.0
  • 4873.5
  • 4837.0
5 min chart
Data source: GFT

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