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Forex Commentaries

By Hans Nilsson*

Yen Gains on Historic Election

Hans Nilsson2009-08-31

The dollar traded mixed on Monday as risk aversion rose. London trading was closed for a bank holiday, reducing trade volumes. Equity markets fell across the globe, taking their cues from a 7% equity plunge in China.

USD at Crossroad

Hans Nilsson2009-08-28

The dollar rose on Friday as US stocks fell. US personal income was flat while spending increased a modest 0.2 percent. Data on US and European consumer sentiment were better than expected. The S and P 500 fell 2.05 points to 1,028.93.

Dollar Falls as Stocks Reverse Losses

Hans Nilsson2009-08-27

The dollar declined in NY trading Thursday as US stocks reversed earlier losses and closed higher. US Q2 GDP beat market expectations and jobless claims declined. The dollar index fell to 78.06, about 0.5 point above important support. The S&P 500 was up 2.86 points to 1,030.98.

Will Dollar Gain on Good News?

Hans Nilsson2009-08-26

The dollar rose in NY trading Wednesday, supported by risk aversion following reports that China's government may take steps to curb excess capacity and overinvestment in certain sectors. Since the beginning of the financial crisis, good news had pressured the dollar while bad news had supported it.

Dollar Little Changed as Stocks Stall

Hans Nilsson2009-08-25

The dollar traded mixed in a narrow range on Tuesday. US house prices posted their second consecutive month-on-month increases and consumer confidence climbed more than expected, adding to signs the US economy is recovering.

Falling Yield Spread May Pressure EUR/USD

Hans Nilsson2009-08-24

The dollar was lower versus the commodity currencies on Monday but higher against other key currencies. Asian and European stock markets rose, but the S and P 500 declined a modest 0.56 points to 1,025.57. The yen fell modestly as Nikkei rallied over 3 percent.

Dollar Testing Support as Stocks Rally

Hans Nilsson2009-08-21

The dollar and yen fell on Friday as stronger European purchasing managers’ indexes and a jump in US existing home sales boosted risk appetite. Federal Reserve Chairman Ben Bernanke said “economic activity appears to be leveling out, both in the United States and abroad, and the prospects for a return to growth in the near term appear good.”

Canadian Dollar Will Follow Crude Oil

Hans Nilsson2009-08-20

The dollar traded mostly lower against its counterparts on Thursday. The dollar index fell for a third day as US stocks rose for a third day. The Conference Board US leading economic indicators index rose in July for a fourth straight month and manufacturing in the Philadelphia region expanded in August for the first time in almost a year, adding to signs the US recession is ending.

Greenback Testing Resistance

Hans Nilsson2009-08-19

The dollar reversed overnight gains as risk appetite improved and US stocks reversed morning softness and closed higher in New York Wednesday. Overnight the Shanghai composite index fell over 4%, leading other Asian stock markets lower and supporting the safe haven currencies.

Globicus LEI Signals US Economic Expansion

Hans Nilsson2009-08-18

The dollar and yen reduced yesterday’s gains as risk aversion eased and global stock markets stabilized on Tuesday. US producer prices fell more than expected, not prompting the Fed to raise interest rates anytime soon.

Greenback Turns Bullish

Hans Nilsson2009-08-17

The dollar and yen rose on Monday as risk aversion spiked and global stock markets plunged led by the largest drop in Chinese stocks since November 2008. The dollar index has been negatively correlated with risk appetite and surging equity and commodity markets. Stocks and commodities, currently overbought, are at strong resistances, while the dollar index has formed a bottom.

Yen Gains as Falling US Consumer Confidence Drains Risk Appetite

Hans Nilsson2009-08-14

The dollar and yen rose on Friday after US consumer confidence unexpectedly fell and US stocks declined. US industrial production rose while the decline in the eurozone and US annual inflation rates indicated inflationary concerns are premature. The S&P 500 declined 8.64 points to 1,004.09. Treasury yields dropped as faltering consumer confidence and tame inflation damped optimism of a quick economic recovery.

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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.