Top Forex Reviews

The Dollar is Crashing! The Dollar is Crashing! Such is the perennial claim of doomsday predictors, conspiracy theorists, gold bugs, etc. Those of you who read my blog regularly know that I often come to the defense of the Dollar. Given that it has risen by more than 5% over the last month and is currently hovering around its average value of the last five years, I think this position is worth reiterating.

In the months leading up to the expansion of the Fed’s Quantitative Easing Program (QE2), investors took an especially bearish view on the Dollar, precipitating a rapid and steep decline against most currencies. A

Full post…

SPOT GOLD  closed @ 13635 which was BELOW the open and breached the previous day’s low. The High was 1 Dollars from Precise Trader’s Res Zone 1 and the Low was 4 Dollars from Precise Trader’s Sup Tgt 3.   The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 13720 holds and Daily Trend is also Sideways while 13300 holds, so expect the price to be Choppy until Breakout.  The  Daily Trend was within  the Prior few Day’s Range but the Bears gave up partially towards the Close which signifies some strength. The MA

Full post…

In the broadcast today: Focusing on the USD & GBP in the New Trading Week. Ahead of a sequence of important economic data from the U.S. and the U.K. next week, we focus on the USD and GBP as the currencies in the spotlight in the trading week ahead, we list the Top 10 spotlight economic events that will move the markets, we examine some of the consensus forecasts for the upcoming economic data, we analyze the latest trend developments with the EUR/USD and GBP\/USD currency pairs, we continue to monitor the strengthening of the USD vs.

Full post…

Last week, the Canadian Dollar became the second currency – after the Australian Dollar – to reach parity against the US Dollar. While the case for Loonie parity is not quite as strong as the Aussie’s, there is nonetheless reason to believe that it will continue trading at this level for the short-term.

It’s not hard to understand what’s driving the Loonie; the weak Dollar. As the Fed embarks on further monetary easing (QE2), investors are nervous that all of these new Dollars will be deployed in a speculative – rather than productive capacity. Emerging ma

Full post…

Continuing worries about the Eurozone’s peripheral debt has kept the common currency under pressure in Asian trading today. The Euro has slipped against the U.S. Dollar to the lowest level in more than week, trading at $1.3886, a decline of .2%. Versus the Japanese Yen, the Euro slipped .7% to 112.24 Yen, following yesterday’s loss of .8%; the Euro also struck a new 2-month low versus the Australian Dollar, trading at AU$1.3692.

Much of the Eurozone concern is focused on Ireland, with many analysts and market players worried that, despite assurances to the contrary, they will be unable to slash the budget deficit and still grow their economy. The

Full post…

The “currency war” is heating up, and all parties are pinning their hopes on the G20 summit in South Korea. However, this is reason to believe that the meeting will fail to achieve anything in this regard, and that the cycle of “Beggar-thy-Neighbor” currency devaluations will continue.

There have been a handful of developments since the my last analysis of the currency war. First of all, more Central Banks (and hence, more currencies) are now affected. In the

Full post…

Currency strategists at UBS AG believe that the advance of the European currency versus the greenback may be short-lived. The specialists note that there’s a new wave of concerns about euro zone’s debt problems. As a result, they expect euro to lower to $1.25/30 during the next 3-6 months.

UBS analysts are bearish on the pair EUR/USD. According to them, the stronger euro becomes and the more it climbs above $1.40, the bigger is the negative impact on the region’s economic growth. The long-term fair value of the single currency is at $1.20, claims UBS. Even

Full post…

The Week Ahead: The jobs report failed to inspire confidence in stocks as all but 20,000 jobs created were temporary census workers. The report was a catalyst for the Dow Industrials to fall below 10,000 on increasing volume. Nervous markets will be watching the Consumer Credit report on Monday, Wholesale Trade numbers and the Fed Beige Book data on Wednesday. By Thursday, expect the International Trade numbers as well as the Jobless Claims for the past week. Friday’s Retail Sales, Business Inventories, and Consumer Sentiment releases will rap up a busy and likely volatile week.

Stocks to Watch: Industrial and Material stocks faired the worst do to ties with the global economy. Full post…

The U.S. Dollar held near newly established lows in Asian trading today, with the U.S. Dollar Index setting an 11-month low at 75.89 .DXY. The U.S. Dollar Index is used by investors to gauge the strength of the greenback relative to a weighted basket of major currencies, and from all appearances it remains vulnerable following the Federal Reserve’s decision earlier this week to increase quantitative easing measures.

Whetted investor risk appetite is helping to push the Euro and the Australia Dollar higher against the greenback. As reported at 1:07 p.m. (JS

Full post…

In the broadcast today: Is the Assault on the USD Bound to Continue? In the aftermath of the Fed’s QE2 decision which has given the “green light” for a U.S. dollar sell-off across the board, we explore how much further could the assault on the USD continue and what would be the fundamental factors that could hurt or benefit the Greenback in the near future, we analyze the latest trend developments and the bullish breakouts in the EUR/USD and GBP\/USD currency pairs, we examine the strengthening and the newly-reached highs in the AUD\/USD and NZD\/USD pairs, we take a close look at the USD vs.

Full post…