While the Greenback was the strong performer of last week, the Japanese yen took that title for this week. Although we did see a general gain in the USD, it was no match for the JPY which was boosted from this week’s risk aversion.
Archive for February, 2010
Weekly Focus: Greece Blocks ECB Exit
On February - 27 - 2010
Greece remained on the radar screen as massive private sector strikes on Wednesday and negative statements from rating agencies emphasised the uncertain outlook. Standard & Poor’s said late on Wednesday that it might cut Greece’s BBB+ rating by one or two notches within a month. This drove EUR/USD down further…
BoE & Fed Speakers Take Centre Stage ahead of Friday's GDP Data
On February - 26 - 2010
Amid economist in-fighting in the UK media over the timing of future fiscal tightening, Bank of England MPC members will impart their wisdom in a series of speeches next week, with the appearance of Governor King, as well as members Bean, Dale, Miles and Barker at a Treasury Select Committee…
Source:BoE & Fed Speakers Take Centre Stage ahead of Friday's GDP Data
The U.S. Session Trader's Daily Forex Question
On February - 26 - 2010
The U.S. session, trader’s daily 09:45 EDT question; “Oh dear, do we now want to take a U.S. based trade and run the risk of a price move stranding things with no momentum, as 80% of U.S. sessions do?” The law of probability says that U.S. trade will not follow…
