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!

Hi everyone, welcome back. As warned in last post, gold breaking higher changed all: dollar recovery against major rivals dilute quickly, and majors run higher, leaded by Gbp that reached the 1.6450 area, while Euro regained the 1.4700 level to stay. Commodity currencies also printed a strong recovery that extends early Europe as gold keeps approaching to $ 1100/oz. Ahead of FOMC, dollar could weak further if the FED maintain it’s “exceptionally low, for an extended period” stance regarding rates. Yet day is still young, let’s see what technicals have to say. Here is the link for today’s calendar:

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

Have a great day!

Hi everybody, and welcome to this moody market! the recovery we saw in stocks, and currencies past Monday, has been already erased after RBA rate decision. As expected, they lift rates again, but just 0.25bp, something market had already priced in. With Japan closed for holiday, market was thinner than usual, and majors jumped to the upside, only to come quickly back down, as Australia’s central bank signaled it may pause its monetary tightening next month. Dollar is running higher against major rivals, even above yesterday’s high in most of the crosses, and seems ready to continue. Early U.K. data, Construction PMI worse than expected is adding to the general feeling.  I will add quick post with what I can see in majors, for the hours to come, as we are back again approaching to key points. Here is the link for today’s calendar:

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

Have a great day!

Hi everybody and welcome back. Asian session started with dollar and yen quite stronger against major rivals, following past Friday’s risk aversion mood. Nikkei 225 slump, while USD/JPY tested 89.40 levels. However, dollar retreat from previous well known supp/res areas, and remains range bound, except against Pound, that lost ground since stocks open, showingbanks shares in the U.K. dropped sharply in early trade. With speculation of more QE coming and BOE decision this Thursday, Pound remains weak. Anyway, here is the link for today’s calendar:

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

Have a great day!

Hi everybody and welcome back. Friday, 7 a.m. in Buenos Aires, 31°C. Dollar remains under pressure, yet right where it started Asian session against most rivals, despite local stocks markets print some gains; Japanese yen rose after the release of strong jobs data in the day, coupled with the decision by the Bank of Japan to unwind some of its stimulus steps, giving more signs of optimism over the global economy recovery.

At this point, both European index and U.S. futures are in the red side, maybe because we are at the last day of the month: get ready to see some profit booking in today’s sessions, that could favour greenback. Early European data showed German Retail sales continued falling against expectations, deflation remains in place, and unemployment at 9.7% . No good news for the euro zone. Still, day is young, and many things could happen. Here is the link for today’s calendar, check it out while I take a look at charts:

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

Have a great day!

Hello everybody, and welcome back. After American session was over, I reviewed my charts for the Asian session webinar, and I found out many crosses reached key Fibonacci retracement levels: EUR/USD at the 61.8% of the last daily up leg, USD/JPY at the 38.2% also daily rally, EUR/JPY at a 50%, GBP/USD holding above a 38.2%, AUD, even DJIA pulled back to a monthly 61.8% with yesterday’s fall. Quite interesting, showing we are still in a correction of previous trend; no calls for a change. During Asian session, Yen crosses move one step further, but that’s it. Investors had made some short covering ahead of Europe, but market will be waiting for the U.S. GDP to decide if dollar recovery will extend. Expected positive after several quarters of negative readings, let’s see how much optimism/fear the report can trigger: I wil be covering  it Live! from Fxstreet.com home page. Anyway, we have a lot of data before and after, so here is the link for today’s calendar:

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

Have a great day!

Hi everybody hope you are fine. Time to return to safe haven currencies: stock markets are bearish and unstable again, pushing investors back into risk-aversion mode, and dollar and yen are back up. While European currencies don’t seem to have rallied that much, take a look at commodity ones: AUD, CAD, NZD had been losing big since Asian opening, and as I always told you, they tend to anticipate market movements: pay attention to them. Early European data was quite disappointing, sending Euro back under 1.4800 against greenback, while further definitions will likely come after U.S. Durable Goods data in a couple of hours. Here is the link for today’s calendar:

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

Have a great day!

Hi everybody and welcome back! As expected, majors corrected during Asia, yet at this point, market is exactly where i left if 8 hours ago, except for Gbp, that recovered the upside and reached the 1.6410 zone. We have reports in the U.K. in an hour or so, so, let’s wait for them before taking any strong decision there. Gold not only break the 1043 level yesterday, but already completed a pullback to that zone suggesting more downside to come. Stocks and U.S. futures remain extremely quiet, probably waiting for more clues coming from fundamentals today. Not quite confirmed, but today’s close could change that, yesterday movement suggest dollar had  finally bottomed against major rivals.

If greenback continues rising today, euro could start a nasty come back; also, despite the slump in stocks, Japanese yen failed to rise. That’s because U.S. long-term yields, treasuries, are rising on speculation that the FED is ready to turn to hawkish; and with ECB members making some verbal intervention as the single currency’s strength starts to damage euro-zone recovery prospects, (and Canada, and New Zealand, and U.K., and all we have been discussing in the past two months), no doubts greenback has some strong chances to start at least a big corrective movement. Let’s see how the data come out today and tomorrow, and market reaction to it! Here is the link for today’s calendar:

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

Have a great day!

Hi everybody and welcome back! Despite starting the session with some strength, dollar fell against major rivals in Asia, after an official newspaper of the Chinese central bank said China should cut its U.S. dollar holdings, adding to concerns over the unit’s global reserve currency status. However, pairs had traded in short ranges, with Gbp under strong pressure; after last week GDP reading, concerns about more QE to be nedeed keep GBP/USD close to daily lows. We have a quiet day ahead from the fundamental point of view, as usual for the last days of the month, so watch for stocks and gold to keep driving the way. I will be posting majors key technical levels and fundamental matters for each, as soon as I end reading my pending mail

Have a great day!