Forex market analysis

Eye on the Yen

Sunday, 07 March 2010 00:00

After dipping below the 89 level against the Dollar rumors over BoJ stimulus pushed the Dollar Yen trade above the 90 mark once again. Ahead of the Japanese GDP figures investors are betting Japanese growth will be revised downwards from the preliminary figure of 4.6% YoY published in February as capital expenditures, one of the biggest lagers of the Japanese economy is expected to grow less than previously expected. Although the Japanese economy is still expected grow above 4% for 2009 after the revision, the Japanese government is far from being pleased with the performance of the economy.

China to keep Yuan stable

Friday, 05 March 2010 00:00

The Chinese Prime Minister Wen Jiabao in his speech to the Chinese nation reiterated that Yuan exchange rate will be kept stable and stressed that more internal consumption is needed for a full recovery. The Prime minister pledged to keep monetary conditions easy to support growth while providing a rather carful outlook for the Chinese economy and the global economy as a whole. The Chinese Yuan has been kept by the Chinese authorities at around 6.82 per Dollar to support Chinese exports the main engine of Chinese growth.

Technical Update-Ahead of ECB rate decision

Thursday, 04 March 2010 00:00

Pairs you should watch:

Euro rebounded, watch out of the 1.38 resistance a daily close above 1.38 would mark 1.4 as the next target

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Daily Market Review, March 3rd, 2010

Wednesday, 03 March 2010 08:50

The U.S market continued to gain strength yesterday after Monday’s massive rally. The S&P500 finished the day with a 0.23% gain, while the Nasdaq finished higher by 0.32%.Even though it was a positive session, investors were reluctant to drive the markets significantly higher, as participants preferred to adjust their portfolios for Thursday and Friday’s sessions.