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!

Early to say, a warning in forex trading is always welcome and needed. Despite the strong movements we are seeing in market, we should not forget we have FOMC, ECB and BOE decision next Wednesday and Thursday ( i will be covering all live! at Fxstreet.com home page), and U.S. Non Farm Payrolls next Friday. Long term definitions will be confirmed (or not) by the end of the week.

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!

Market remains waiting for U.S. data, with majors moving in smaller ranges hour after hour. ISM PMI is expected to the upside, while Pending Home sales are expected to the downside. Just 15 minutes to go.

Far from been over, day is pointing for a quite interesting dollar, and yen close: stocks and commodities remain under pressure, and seems rally is not over yet. Here is the link for the last updated report.

http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-10-30.html

Have a great weekend! I will

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!

In a few minutes, I will be starting the live coverage of the U.S. GDP release. Join me at Fxstreet.com home page.

While I prepare the Pound technical perspective for today, take a look at this article: economist expect more QE in the U.K. Meeting will be next week, so we don’t have to wait too long to see the answer

http://business.timesonline.co.uk/tol/business/economics/article6894523.ece