Forex market analysis

Franc Flat as Trade Balance Decreases Even as Export Grows

Thousand francs The Swiss franc was flat today as Swiss exports advanced, easing concerns about a new intervention by the Swiss National Bank, but trade balance surplus decreased anyway.

The Swiss Federal Statistical Office reported that nation’s exports advanced by 6.1 percent in December from a month ago, following the drop by 4.8 percent in November. The gro

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Weekly Review OpenBook Roundup

Weekly Review OpenBook RoundupFebruary 3rd, 1:20 am by Barbara Zigah

Weekly Review OpenBook Roundup (eToro Blog) Today we want to draw our readers’ focus to guru sadiqashanaz97 who is on track to record a 12-month P&L of some 360%. This trader, who has 1467 followers and 150 copiers, has a diverse portfolio and employs a generally low to mid-risk trading strategy. The trader focuses primarily on the

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Trading the U.S. Non-Farm Payrolls Release

February 2nd, 10:44 pm by Sam

(eToro Blog) The United States will release Non-Farm Payrolls (NFP) data on Friday, February 3rd 2012. The market consensus is for the creation of 153K jobs in the month of January. Market expectations are cautious after the December report which showed that 200K jobs were added to the economy in the same month. In

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Canadian Dollar Edges Higher even with Uncertainty

Some Canadian dollar bills Canadian dollar is edging higher on market uncertainty today, gaining a bit even as risk aversion creeps into currency trading. Loonie does remain near parity with the greenback, though. Gains have been limited by some of the uncertainty experienced by the financial markets.

In the United States, jobless data has shown that unemployment claims h

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Euro Heads Lower after Recent Rally

Focus on 50-euro notes Euro has been showing strength against the US dollar recently, but uncertainty is creeping into the markets. As a result, risk aversion is making an appearance, and the euro is heading lower against the US dollar, as well as heading lower against the Japanese yen and even the Great Britain pound.

This lower euro comes amidst protests by German

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Speculation of SNB’s Move Keeps Swissie Trade Brisk

Speculation of SNB’s Move Keeps Swissie Trade BriskFebruary 2nd, 1:47 pm by Barbara Zigah

Speculation of SNB’s Move Keeps Swissie Trade Brisk (eToro Blog) Swiss bulls stand at the ready for an SNB intervention. Speculation is rife that it will come soon and recent data pointing to a slowing down of the Swiss economy may hasten the decision. Yesterday, it was reported that the pace of Swiss manufacturing slowed in January, even as the frail Eurozone

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Pound Down as Construction in Britain Slows

Various pound notes The Great Britain pound erased its gains versus the US dollar and fell against the Japanese yen today after the report showed that UK construction growth slowed last month.

The Markit/CIPS UK Construction PMI was down from 53.2 in December to 51.4 in January. The expected value was 52.8. The report followed yesterday’s unfavorable data about UK hou

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