Forex Signals

FX Currency Correlations 29th April
It will come as no surprise that the US dollar is the weakest currency among the majors this past week.  The dollar has had a rough ride of late and the trend has continued.
Forex market currency correlation data for this week shows the Swiss Franc riding high and the dollar dropping [...]

What’s on the Economic Horizon
PCE Index To Show Subdued Inflation
KOF Economic Barometer to Inch Lower
Canada: Did Not Grow in February?
United States
All you dollar bulls must be hurtin’ right now! Once again, the dollar found itself on the losing end during yesterday’s trading, as it struggled against most of its major counterparts. EUR/USD edged 26 pips [...]

What’s on the Economic Horizon
U.S. Fed decides to end QE2 on schedule
U.K. GDP in line with expectations
Australia’s CPI highest since 2008

United States
Guess who just came in and cheered the markets up like it was Christmas! Yesterday Fed Chairman Ben Bernanke announced the Fed’s decision to end its QE2 program as scheduled, which boosted risk appetite [...]

What’s on the Economic Horizon
Market Focus Turns to FOMC
ECB: Greek Restructuring Worse than Lehman Collapse
U.K. GDP Expected to Turn to Positive Again
United States
The Greenback found itself in a world of hurt yesterday as traders dumped it in favor of other major currencies. EUR/USD, for instance, had rallied to a new year-to-date high at 1.4658 before [...]

What’s on the Economic Horizon
U.S. Consumers Feeling More Confident?
Switzerland: Trade Balance and UBS Indicator Due
United States
As most markets were coming back from the holidays, so did the dollar selling that took place last week, with the other safe havens benefitting the most! After hitting a high at 82.43, USD/JPY dropped a solid 74 pips to [...]

What’s on the Economic Horizon
U.S. New Home Sales higher at 280,000 in March?
Japan All Industries Activity report came in at 0.4%.
United States
I hope y’all had a cup of joe while trading last Friday, ’cause price action was a real snoozer! The dollar’s movements were quite limited as many of our fellow traders were out on [...]

EURUSD Weekly Analysis
The EURUSD currency pair has given a close and subsequent upside move above the previous consolidation range highs.  As expected, fiber was rangebound on low liquidity during the UK bank holiday session on Friday but still remains on top of the 1.4500 level, which is a key area, and also inside the ascending [...]

What’s on the Economic Horizon
Australia’s PPI Rises to 1.2% in the Fourth Quarter
Franc hits fresh highs against the Greenback
UK Retail Sales report on tap
United States
Not since my last Call of Duty session with Pipcrawler have I seen such a brutal beating! The dollar was the biggest loser yesterday, taking hits across the board as risk [...]

What’s on the Economic Horizon
Existing Home Sales Expected to Hit 5.02 Million
German PPI to Rise by 0.8%
MPC Meeting Minutes on Tap
United States
When there’s a will, there’s a way! After two days of getting pummeled, the dollar bears decided they have had enough of the bulls’ shenanigans and sprang into action. The bears sold the dollar [...]

What’s on the Economic Horizon
Will PMI reports provide the euro support?
U.S. housing reports on deck!
Canada’s CPI seen higher at 0.7%!
United States
Whoohoo! The dollar must have felt so fly during yesterday’s trading like Kanye West in his grand Coachella entrance. Almost as soon as it opened at 1.4412, EUR/USD tumbled down the charts and ended the [...]