Hi everyone and welcome back to this blog. Majors are barely changed from past American session close, as well as gold, quoting where I left it at the beginning of Asia at $ 1144/oz. Yesterday’s strong risk aversion run triggered by stocks and commodities, had not enough strength to follow trough, particularly in European majors, as both stocks and commodities managed to bounce back. With no much macroeconomic data for today, but a couple of speeches, for CHF and EUR, seems market will again depend on stocks and gold to find a direction. Anyway, I will add more technical stuff today, as my younger girl don’t let me sleep (is 5 a.m. in Buenos Aires) and better do something useful if i’m up right? Here is the link for today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

Hi everybody and welcome back! One day off and things are not quite the same in market: despite gold reached 1153 past Wednesday, EUR/USD failed again to break above 1.5000, a level that refuses to give up since past Thursday. Pound Also retreat from the 1.6840 area,   50% of the monthly fall (I will place my big charts later today). Both stocks and gold retreat strongly today, favoring some dollar  winnings, still nothing really important, more likely corrective, as we remain in past week trading range. Market is waiting for another big trigger to define further trends, and i don’t see anyone for this week, at least from the fundamental side. Maybe  gold recovering the highs and attempting a fresh one, won’t be so strong dollar bearish trigger, as gold breaking under 1080 will be favoring greenback. Let’s see the charts, and try to find some clues! Here is the link for today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

Hi everybody and welcome back! I don’t know who is more exhausted these days, either dollar… or me. I have been at the ITC past October in Barcelona, yet before that, it has been almost two years since my last vacations, and I’m really tired. Summer is starting, we are about to end the school year, kids are tired and mom about to collapse. Yet seems there are more chances of my collapse than greenbacks one. Our good all friend Mr. Jean Claude Trichet has just come to support dollar, saying a strong dollar is not only in the interest of the U.S. but also the entire international community. He also added: “The euro was not created to fight against the U.S. Dollar or to replace the dollar as international reserve currency.  It was created to complete the single European market, and give Europe’s stability and prosperity.” EUR/USD is down from 1.5000 to 1.4900 while dollar is also sligtly up agaisnt major rivals, as gold gave up 10 bucks today. Nothing that change the trend, corrective for now. Anyway! let’s see what the day has to bring to currencies!

Here is the link for today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

Hi everyone, welcome back. Majors extended past Friday’s rally against greenback, holding the good tone against the American currency, supported by rising stocks and gold, that reached a new record high. Dollar failed big to extend the downside corrective movement from past Thursday, and chances for the currency to recover some ground has reduced dramatically, as rates differentials weight more at this point.With sentiment improving across the world, we could expect further risk appetite today, if U.S. data comes as expected, much better than previous month. Here is the link for today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

Hi and welcome back! As expected yesterday at the Daily Wrap Up Webinar, majors correct against greenback, each on it’s own strength. While Gbp rose comfortably, Euro and Chf corrections are slightly smaller, while Japanese yen returned under 90.00 to the range. Early data in Europe, showed German preliminary GDP come out better than previous month, that was also corrected to the upside, giving European recovery some air; a small improvement for the Q3 in GDP was also published both in France and Italy, giving Euro support enough to spike to the 1.4900 area, before retreating to current levels. Anyway, we have U.S. Trade Balance later, and I believe that report will defy intraday and who knows? maybe even next weeks trend. Here is the link for today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

Hi everyone, and welcome back. Dollar fall in early Asia as stronger-than-expected Australian jobs data for October encouraged investors to buy riskier assets, including gold that rose to the 1120 level. Yet the downside turn in stocks halted greenback bearish rally, and the currency extend yesterday’s recovery in early European session: both Euro and Gbp had printed lower lows, and remain slightly bearish at this point. First data of the day, euro zone industrial production, come under expectations at 0.3%, another negative report for Europe. Also, U.S. Treasury Secretary Timothy Geithner reiterated U.S. support for a strong dollar, yet recon it will take some time to bring unemployment down.

 Anyway, we have some news to take care of, let’s see if dollar can extend the rally trough next levels, triggering more profit taking among not so confident investors. Here is the link for today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

Hi everyone and welcome back! as commented on the last post,record highs in gold (I will be making a separate post for it with charts) keep pushing dollar down against major rivals, as also U.S. futures are at fresh year highs. Euro rose to 1.5045, and retreats a bit, while at this very moment Pound is falling big,thanks as usual, to Governor King comments. We have a holiday today both in the U.S. and Canada, so I will take a time to look at bigger time frames and prepare an educative webinar.

Have a great day!

Hi everybody, and welcome to this new day in forex market. Monday has been another bearish day for greenback, not strange after the 10.2% unemployment rate from past Friday. With Gold and Oil extending the upside rallies against dollar are the name of the game, with Pound having reached the 1.6840 level past Monday, to retrieve to current 1.6700 zone. I don’t see more clear definitions than what I saw last week, and the other, and the other: risk appetite remains supporting high yielding currencies, stocks and commodities; who is investing like this? The banks: consumption don’t grow, people don’t spent on trouble times,don’t ask for loans, so where is all the money government is printing? In the banks. And what are banks doing with that money? “investing”. We are not already out of one bubble, and entering in the next one, but well, that’s life; humans are the only animals, that trip over the same stone twice. Anyway! I will start with the technicals for today, while you take a look at today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

Hi everybody, and welcome back! Dollar remains weak across the board, after yesterday’s Central Banks decisions, more due to a healthy risk appetite than data, as stocks and gold keep rising as there was no roof for them. Anyway, and ahead of the U.S. NFP report, greenback continues losing ground.

Regarding Nonfarm payrolls, we know, that usually a good dollar report trigger a stocks rally, sending greenback down, while a bad ready has the oppositeeffect. USUALLY. L believe we are going to follow that path today, but remember one day, a good dollar reading will mean dollar strength. If that day is today, is something I can’t assure.  Just pay attention to market and take a breath before taking a trading decision. Good luck all!

Here is the link for today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

Hi everybody and welcome! Sorry for the lack of post yesterday it was a technical issue with the blog editor. I couldn´t make it work! I have been doing however the usual reports. Anyway, here we are back with dollar down against major rivals, after the FED decide to hold rates and the “extremely low, for an extended period” stance. Eur/Usd reached 1.4900, Gbp/Usd 1.6600, from where both retreat a bit, waiting for next ECB and BOE decisions. Stocks rose on the positive outlook of the economy, while gold keeps trying to reach the 1100 level.

Early data show some improvements in the U.K. with Industrial Production above expectations, while Retail Sales in the eurozone fell again, this time -0.7%. However majors are almost with no reaction: market players don’t dare to risk positions a couple of hours before statments, so seems we  will have to wait to see some definitions for today. Here is the link for today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!