Citigroup says that the dollar’s weakness will probably slow as it has bounced off support levels and failed to extend beyond resistance levels. I would consider taking this trade off for the short-term, even though I am bearish on the dollar long ...

EURUSD

I think the Australian government will be one of the first to increase interest rates supporting additional strength in the Aussie dollar. Budget figures are coming in better than expected as tax receipts are improved and traders are now even ...

AUD/USD

The new Japanese government and the Bank of Japan have previously shown interest in a stronger yen in an attempt to decrease the importance of exports in hopes of increasing consumer spending, however, now they have come out and said that they may ...

USDJPY Prediction

Strong EU and US data this morning should continue the EUR on its upswing vs. the USD. In the US: initial jobless claims unexpectedly decreased to 530k last week and in Germany, Europe’s biggest economy, it is lowering its planned 4th quarter ...

EURUSD

I tend to agree with this analyst quote, “The dollar and risk sentiment will continue to lead gold in the coming sessions well placed to set fresh highs.” Another analyst said, “Gold remains well supported. The support is even more noteworthy given ...

Gold Discussion

The yen is appreciating relative to the dollar, hitting 90.49, on speculation that companies are repatriating funds before the end of the fiscal first half. With the three day weekend there are a lot of yen purchase orders from exporters. This could ...

USDJPY Prediction

Yesterday the Fed pledged to keep interest rates in the US low and as a result we should see investors continue to use the dollar as a funding currency for riskier currencies and other assets. It also stated that there are signs that the US economy ...

Long term EURUSD, am I missing something?

Yesterday the Fed pledged to keep interest rates in the US low and as a result we should see investors continue to use the dollar as a funding currency for riskier currencies and other assets. It also stated that there are signs that the US economy ...

EURUSD

The underlying sentiment is for risky assets. With rates higher in Australia, investors are already interested in a carry trade with Aussie dollars, but with the nation’s four largest banks posting combined after tax profits of A$8.6 billion in the ...

AUD/USD

A lower dollar is generating further interest in gold. The dollar declined against 13 of 16 major currencies yesterday. Barclays Capital forecast gold may continue to make new highs stating, “We maintain a bullish bias for gold, expecting a test and ...

Gold Discussion

Fed policy statement due today, which should move currency markets. Investors continue to see positive news: Asian Development Bank raised its 2009 projection for Asian economic growth ex-Japan to 3.9% from 3.4%. Euro is at a new 12-month high. ...

EURUSD

The DXY is a few pips away from breaking below the Sept 22, 2008 low of 75.89 – from there, there is very little support until 70. That was the level of support in early 2008 and is the low since the early 1970’s. Euro hit $1.4821 today, dollar’s ...

EURUSD

Buying gold on every pullback. Up today for the first time in four days. Still expect the dollar to be weak and investors to seek safety in the typical store of value: GOLD. Taking a look at the ETFs, gold is at or within a percent of the record ...

Gold Discussion

Unexpected jobless claims drop in US to 545k from 557k a week earlier. Most importantly was the Street was expecting the number to come in this week at 557k. It’s tough not to continue to be long the Euro. At $1.4735 per euro, it’s the dollar’s ...

EURUSD

Although gold looks like it is at a high price when comparing in dollars, gold remains well below last year’s high when priced in pounds, euros, yen or Swiss francs. September is typically the best month for gold and having now crossed the $1,000 ...

Gold Discussion

Gold continues to rise. The fundamentals are driving gold: weak dollar and inflation concerns. Saw a report by Standard Bank expecting prices to rise another 8% this year. I see gold at $1,100 with the combination of solid fundamentals, Barrick gold ...

Gold Discussion

Benchmark interest rates are 3% in Australia and 2.5% in New Zealand vs. 0.1% in Japan and as low as 0% in the US. The Australian currency hit its strongest point vs. the dollar, at 87.65 cents, since Aug 22, 2008. Buying AUD.

AUD/USD

Yes, 1.50. Monitoring the dollar relative to the DXY index (euro, yen, pound, Canadian dollar, Swiss franc, Swedish krona) and it is becoming readily apparent that the next move for the dollar is done vs. most major currencies. With the DXY at ...

Is eur/usd going to 1.50?

Europe’s trade surplus widened to the most in more than a year, providing further evidence that the economy is improving. The euro is my favorite currency right now. I believe that the euro zone will begin increasing interest rates far before the US ...

trading801's Koala Forex Articles and EUR/USD views

Europe’s trade surplus widened to the most in more than a year, providing further evidence that the economy is improving. The euro is my favorite currency right now. I believe that the euro zone will begin increasing interest rates far before the US ...

EURUSD