World Currency Watch

Pound Drops Most in Month Versus Dollar

Currency Capitalist Premium — Wed, 16 May 2012 20:57:45 +0000

From Bloomberg.com Sterling fell versus 13 of its 16 major peers as Governor Mervyn King said at a press conference releasing the central bank’s quarterly Inflation Report that the U.K. faced threats from the euro region’s “storm.” Five- and 10-year gilt yields dropped to all-time lows as King’s comments added to speculation policy makers will [...]

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US Economy Update: Still No QE3

Currency Capitalist Premium — Wed, 16 May 2012 20:56:30 +0000

From marctomarket.com The recent string of US economic data does not change our view that renewed asset purchases by the Federal Reserve as early as next month as some have suggested remains unlikely. The data does warn that Q1 GDP is likely to be revised lower, toward almost half of the Q4 ’11 3.0% pace. [...]

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Euro Crisis Leaves Door Open for more BoE Easing

Currency Capitalist Premium — Wed, 16 May 2012 20:55:14 +0000

From Yahoo Finance LONDON (Reuters) – The escalating danger from the neighboring euro zone debt crisis prompted the Bank of England on Wednesday to keep alive the prospect of more help for an ailing British economy it said was growing more slowly than expected. At a news conference after unveiling the bank’s latest economic forecasts, [...]

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FXCM Announces an App Store for Forex Traders

Currency Capitalist Premium — Wed, 16 May 2012 20:54:00 +0000

From Forexcrunch.com US Forex Broker FXCM launches an application store for forex traders. The idea is that traders can customize their trading experience through various applications related to indicators, charts, social sharing and more. In addition, FXCM calls software developers to join its community and suggest their applications to the store. FXCM recently launched Android [...]

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How to Profit from Dropping Oil Prices Using Forex

Evaldo Albuquerque — Wed, 16 May 2012 20:33:15 +0000

The price of oil has been moving lower recently and last week, Evaldo Albuquerque, Editor of FX Breakout Alert, predicted that the Canadian dollar (CAD) would follow suit and he was right. In today’s must-watch video, Evaldo teaches you how to use commodity currencies, like the Canadian dollar and defensive currencies, like the US dollar (USD), to profit from dips in the price of oil. With volatility returning to the markets, you’ll want to watch now and not miss this opportunity to profit!

The Secret China Indicator

Evaldo Albuquerque — Wed, 16 May 2012 15:14:51 +0000

“We’d be screwed…” I couldn’t believe what I was hearing from a top executive of the second biggest mining company in the world. I traveled to Brazil on a research trip two years ago. I had the opportunity to meet with executives of Vale, the country’s third largest company and one of largest producers of [...]

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Morning Market Pulse – 5/16/12

Tom Gregory — Wed, 16 May 2012 13:48:45 +0000

Top News Stories This Morning • UK/Bank of England report shows inflation to remain at 2% for the next two years. GBP moves lower against the majors, falling 84 pips in five minutes after the release. • UK unemployment falls from 8.3% to 8.2%, however, average earnings fall from 1.1% to 0.6%. • Clock is ticking for Greece, as the government is set to run out of money in June. Bank of America estimates that there is an 80% chance Greece leaves the euro zone. Money continues to flow out of Greece and into UK banks, pushing down EUR/GBP. • Japan industrial activity falls from 0.0% to -0.6%; USD/JPY rallying higher. • US equity futures are lower ahead of the New York session, as euro zone fears weigh on the market.

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How to Profit from High Volatility in the Forex Market

Sean Hyman — Tue, 15 May 2012 20:03:06 +0000

Market volatility had been on the decline since last October but recently broke its downtrend line and is starting to head higher. Many currencies don’t do well in a high volatility market but in today’s info-packed video, Sean Hyman, Editor of Currency Cross Trader, teaches you how you can profit during times of higher volatility. Sean will give you some good trade ideas involving currencies like the US dollar (USD), Japanese yen (JPY) and the Aussie dollar (AUD). Navigating a high volatility market can be difficult and frustrating unless you know what to look for, so watch this video today and prepare yourself for the coming volatility.

Gold Slides to New 2012 Low

Currency Capitalist Premium — Tue, 15 May 2012 19:51:00 +0000

From Yahoo Finance After a legendary run culminating in a peak near $2,000 an ounce in August 2011 gold has been cooling its heels of late. The yellow metal has given back all of what were once impressive 2012 gains. More disquieting for those who regard it as the ultimate hedge, gold has loss twice [...]

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German Economy Grows Fast in Q1 2012 – 0.5%

Currency Capitalist Premium — Tue, 15 May 2012 19:47:38 +0000

From Forexcrunch.com Germany’s economy grew by 0.5% in Q1 2012. Early expectations stood on a growth rate of 0.1%. Germany’s economy contracted by 0.2% in Q4 2011. This big surprise sends EUR/USD higher. Perhaps Germany will save the euro-zone from a technical recession? We will know soon. Euro/dollar found its limits at 1.2850 for now. [...]

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