Forex Markets

Developed by Donald Lambert, this method measures the relationship between a currency pair’s price, its moving average (MA) and the average’s normal deviations (D). It helps determine whether a pair has been overbought (overvalued) or oversold (undervalued). In the forex market, the CCI helps...

The US Non-Farm Payrolls has just been posted registering a drop of 20k compared to an expected gain of 15k. Despite the additional job losses, the US Unemployment figure dropped to 9.7% from 10% during January as a possible result of previous month’s adjustments. During the night, increased risk...

The Euro managed to rally overnight after hitting lows of 1.3912 yesterday. This development was caused by the breaking news of a Greek rescue package as well as profit-taking resulting from concerns about today’s US GDP data release. The EURUSD presently sits at 1.3960 (see hourly chart). Markets...

The Euro remains under selling pressure as a result of the Markets’ continuing concerns about the depth of Greece’s fiscal situation. This problem just will not recede and is now even being augmented by debt concerns of other Euro-zone members. For instance, Portugal is facing an imminent reduction...

A positive Federal Reserve statement made earlier today boosted the Dollar, forcing the EURUSD to break below 1.4000 for the first time in six months. The pair has now rebounded and sits at 1.4020. An upbeat Fed advised that it plans to end some emergency lending and asset-buying programs. In...

Traders still remain very concerned after China’s largest bank stopped rolling some loans yesterday although it does not plan to freeze new lending. These measures are basically intended to slow credit growth but could have a secondary impact by also restricting demand and growth from other...

The Dollar and Yen were the main beneficiaries from the increase in global risk aversion caused by Chinese news releases today. Fundamentally, China has made financial moves to restrict lending in an attempt to cool its stampeding economic growth. Instructions were issued to a number of Chinese...

Increased risk appetite forced the dollar into retreat overnight with the EURUSD hitting highs of 1.4190 before retracting to its present 1.4170 (see hourly chart). The greenback is favored to come under further selling pressure during the North American session. The Euro benefited from reports...

Three significant events are the driving forces behind Forex at present. These are a prospect of a serious restriction placed on Chinese credit, fiscal concerns about Greece and other European peripheral countries and President Obama’s new banking plan. The combined impact of these three issues is...

The dollar fell dramatically against the YEN earlier today after President Obama introduced plans to control risk-taking by various financial institutions. His statements included measures to prevent banks from sponsoring, owning or investing in hedge funds for their own profits. The market...