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Forex Commentaries

By Hans Nilsson*

USD/JPY Consolidates Gain

Hans Nilsson2010-01-12

The dollar traded mixed on Tuesday, sharply lower versus the yen but higher against the commodity currencies. China announced it will tighten its monetary stance by increasing banks’ reserve requirements by 50 basis points starting January 18.

Improved Risk Appetite Pressures Greenback

Hans Nilsson2010-01-11

The dollar fell versus most major currencies on Monday. China's strong international trade boosted global recovery optimism and investor risk appetite. The greenback was also pressured as US short-term interest rates continued to decline. Investors lowered expectations for an early Fed rate rise following Friday's release of disappointing employment data.

Dollar Falls on Disappointing Labor Data

Hans Nilsson2010-01-08

The dollar fell on Friday and for the week as investors pared back expectations for an early Fed rate increase following disappointing data of a December 85K employment decline. The unemployment rate held at 10.0% as the labor force shrunk...

GBP/USD at Critical Support

Hans Nilsson2010-01-07

The dollar rose on Thursday ahead of US employment data after China tightened its monetary stance. China surprised the markets by selling 3-month bills at a higher interest rate; consequentially, lowering investor risk appetite and strengthening the greenback.

Dollar Falls as Fed Discusses Easing

Hans Nilsson2010-01-06

The dollar declined versus most key currencies on Wednesday as the December 15-16 FOMC meeting minutes, released today, showed FOMC members expect a slow economic recovery with subdued inflation and weak labor markets. The members discussed whether inflation or deflation was the biggest risk.

USD/JPY Approaching Long-term Downtrend

Hans Nilsson2010-01-05

The dollar traded mixed on Tuesday, higher against the euro but lower against the yen. US economic data were mixed; pending home sales dropped more than anticipated while factory orders posted their seventh gain in eight months.

Dollar Falls as Risk Sentiment Improves

Hans Nilsson2010-01-04

The dollar fell on the first trading day of 2010 amid economic optimism and indications from the Federal Reserve that interest rates will stay low for the foreseeable future. International stocks and commodity prices rose, supported by strong global manufacturing data.

USD Consolidates Gains at Yearend

Hans Nilsson2009-12-30

The dollar traded mixed in light December 30 trading. The ISM Chicago PMI rose to its highest level since January 2006, fueling optimism of US manufacturing expansion. The S&P 500 edged 0.22 points higher to 1,126.42.

Dollar Gains on Safe-Haven Flows

Hans Nilsson2009-12-29

The dollar reversed overnight losses and gained modestly against other key currencies after Moody's downgraded Abu Dhabi Commercial Bank on Tuesday. The greenback was supported by further signs the US economy is steadily recovering and speculation the Federal Reserve will begin removing stimulus earlier than expected.

Dollar Consolidating Gains

Hans Nilsson2009-12-28

Consolidating its recent strong gains, the dollar traded modestly lower in light Monday trading. US holiday retail sales grew 3.6 percent y/y, SpendingPulse said. The S and P 500 rose 1.30 to 1,127.78, struggling to penetrate the important 1130 resistance.

Dollar Consolidates Gains Before Christmas

Hans Nilsson2009-12-23

Consolidating its recent strong gains, the dollar fell on Wednesday as investors took profits before the Christmas holiday. US personal income and spending rose slightly less than expected in November while new home sales unexpectedly decreased 11.3% m/m.

GBP/USD Testing 200-Day MA Support

Hans Nilsson2009-12-22

The dollar rose against most major currencies on Tuesday. The highest US existing home sales since early 2007 supported the dollar and stock prices despite a downward revision in Q3 2009 US GDP.

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*Expert Market Commentaries, charts and information are provided by Hans Nilsson of Globicus International, Inc., a registered third party CTA, are intended for educational purposes only and do not constitute trading recommendations.

Past performance is not indicative of future results. Trading OTC Forex on margin carries a high level of risk, and may not be suitable for all investors. Please contact a registered trading advisor if you have any questions.

This report is intended solely for distribution to customers of Capital Market Services, L.L.C. Any information in this report is based on data obtained from sources considered to be reliable, but no representations or guarantees are made by Capital Market Services, L.L.C. with regard to the accuracy of the data. The opinions and estimates contained herein constitute our best judgment at this date and time, and are subject to change without notice. Capital Market Services, L.L.C. accepts no responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way connected with, the use of all or any part of this report. No part of this report may be reproduced or distributed in any manner without the permission of Globicus International, Inc.