Fundamental Market View - The latest currency trading and market reports that will help you in your trading decisions.

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inflation data in the spotlight
It is mid-summer and it is getting hot on the financial markets. The upcoming week is full of inflation reports. Those will decide on monetary policy of central banks so investors need to pay close attention to them. On Tuesday a bunch of important reports will be published. The GBP will certainly react to the CPI publication. This report will show how the British economy is doing (recently not so well) and maybe give another problem to the British Monetary Policy Council. The same day we

Daily FX Commentary
CPI data key for Sterling direction Sterling found support close to 0.80 against the Euro for most of the day, but dipped through this level late in US trading as liquidity declined and global financial risk increased. A bid approach for the Alliance & Leicester banking group, assumed to be from Santander, provided some Sterling support on expectations over merger-related capital inflows. UK input producer prices rose 2.1% in June with output prices rising 0.9% over the month. The monthly

Asian Session - Paulson to the Resue
Market Brief The Usd continued to come under significant selling pressure in Asian session as the bearish dollar sentiment carried over the weekend. EurUsd gapped at the open, quickly trading to 1.5971, however Gbp/Usd which rallied at the open was unable to sustain the upwards momentum and traded lower from 1.9914 to 1.9823. Commodity currencies traded basically sideways with Aud/Usd jumping between 0.9670 to 0.9711 and Usd/Cad moving slightly upward from 1.0070 to 1.0118. Jpy fueled carry

Supported by tax rebates and lax monetary policy
Retail & Food Services Sales (June, Tuesday 8:30 ET) F: 0.2, 0.7% C: 0.3, 0.8% P: 1.0, 1.2% Supported by tax rebates and lax monetary policy, consumer spending, particularly on non-durable goods and services, proved resilient in the second quarter. On the contrary, spending on durable goods deteriorated significantly. For instance, auto sales ?about a third of total consumers? spending on durable goods- dropped 4.9% to 13.6 million of annualized units in June; this was the lowest level

Financial market woes trigger upside push in gold & silver
London, 14 July 2008 - With fresh highs in oil stoking inflation fears and credit liquidity & write-down fears triggering flight-to-safety demand from investors the precious metals closed with strong gains last week, with both gold and silver clearing key chart levels. NYMEX crude hit a record $147.27 and closed with a gain of $3.43 at $145.08/barrel. In addition SOS?s to the Fed/Treasury from Fannie Mae & Freddie Mac sent out fresh jitters about the health and stability of US mortgage

Marilyn McDonald with us: keep it simple!
Marilyn, a trader and the Director of Marketing at InterbankFX, said it perfectly: you can add so many indicators to your charts that you can’t even see the price anymore. And that’s too complex. Today, we talked with Marilyn about her trading, her advice to new traders, her book, and more. Click to listen to today’s show Why we add to losing positions Pierre Charlebois over at FXStreet (in his excellent blog) talks about why traders add to losing positions: We hate to be wrong. It?s that

Oil price decline short-lived, brings no relief to dollar
Highlights Banks? problems and weak stocks weigh on dollar; euro firm Bernanke comments on monetary policy; no interest rate signal to be expected Bernanke before Congress The forex markets seem to be reverting to old habits. While the dollar lost ground against the euro and the eastern European currencies, it remained firm against the yen. EUR-USD had dropped back from 1.59 to almost 1.56 after the ECB Council meeting, but is now moving in the direction of 1.58 again. USD-JPY on the other

Daily Forex Overview
Previous session overview On Friday, the euro almost hit a record high against the dollar on worries about mortgage giants Fannie Mae and Freddie Mac. A sharp fall in U.S. stocks, along with a fresh record high for crude oil futures on the New York Mercantile Exchange, sent the euro to an 11-week high of USD1.5949 - less than a cent from its record peak of USD1.6020. The Euro made solid gains against the dollar as banking concerns weighed breaking above 1.5900 as Oil and Gold surged higher.

Strong koruna helps Czech bonds
Headlines Currencies: Fanie and Fredie crisis attracts the short term capital to the region Fixed Income: Strong koruna helps Czech bonds Currencies The inflow of the short term speculative capital to the region continues. Hence the Czech koruna in line with the Polish zloty continued its rally and touched new records at 23.40 EUR/CZK. The optimism in Central Europe was triggered by the nervousness around US agencies Fanie Mae and Fredie Mac that initiated additional weakness in US dollar and

The US economic calendar will start on Tuesday with the release offset of sig…
Past Week’s Data and Events Geopolitical and systemic risk, along with the fundamental change in energy costs, pressured the dollar during the past week, but only the euro and the Australian dollar surged. Sunday brought some sort of solution to the problem, so the US currency has a good chance to make at least a minor recovery. But keep an eye on the shaky S&P 500. United States The dollar has been on the defensive during the past week amid a growing load of significant problems, but may

The Market Is At The Mercy of Oil Prices
The U.S. Treasury Secretary, Paulson said stabilization of the financial system would require some more time while the Fed Chairman Bernanke emphasized that financial turmoil was an ongoing issue. Dovish comments from the 2 authorities dragged down the USD. Also,the recent restless oil prices have had a large impact on the USD. WTI oil prices have hit a fresh record-high above $146.00 a barrel. The global economy faces a challenging situation. The week has several significant events. On

Another knock for US equity indices this week as more wake up to reality
Overview Another knock for US equity indices this week as more wake up to reality, which is: there is no money! Many are desperate to shore up balance sheets and the last thing they?ll do is lend it to those who really need it (as is always the case with bankers). Meanwhile lack of confidence in the system, and in ?fiat? money itself, is causing traditional funding pipelines to dry up. This is a true ?crunch? which a) is far from over, b) could get a lot worse and c) will affect the ?real?

Initially, the USD gained on the report
Under pressure this morning the US dollar broke through its recent range as record-high oil prices have continued weigh on the USD and markets. Over the past 2-months, dollar?s losses have been capped at $1.5910 against the euro, though today we may be looking at the dollar weakening to levels not seen since April. Additionally, heightened worries about the U.S. financial sector after news the U.S. government is considering taking over mortgage agencies Fannie Mae and Freddie Mac are

Fannie and Freddie’s Troubles are a Lose-Lose for the US Dollar
Euro Within 1 Penny of its Record Highs British Pound: Time for Some Action Fannie and Freddie?s Troubles are a Lose-Lose for the US Dollar Calling the financial markets active today is practically an understatement. The combination of soaring oil prices and problems with Fannie Mae and Freddie Mac triggered sharp volatility in the equity and currency market. At one point during the US trading session, the Dow jumped 200 points within minutes, driving EUR/JPY to a record high. The market was

FX Levels for Today July 14
Overview The USD fell across the board on Friday as new credit fears came to the fore following talk of Freddie Mac and Fannie Mae requiring a government bail-out. (with names like that, no wonder the companies need assistance) The EUR/USD has risen to 1.5970 in early trade today on the back of friday’s gains, but the USD is starting to show some life following comments from Paulson suggesting the government was ready to provide assitance. Keep in mind that this will be positive

Lingering Fears hit Dollar
7/11/2008 3:54 PM: EUR/$..1.5924 $/JPY..106.38 GBP/$..1.9863 $/CHF..1.0162 AUD/$..0.9656 $/CAD..1.0099 Lingering Fears hit Dollar The greenback slumped in the Friday session amid a combination of persistent concerns over the solvency of Fannie Mae and Freddie Mac, and rallies in the commodity markets, particularly oil trading to $147 per barrel. The dollar plunged to a 25-year low against the Australian dollar beyond the 0.97-level to 0.9715 on the heels of surging commodity prices and crept

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