Invest FX

Asia Stocks Post Gain on Japan’s Stimulus Plan, China Manufacturing Growth

4xTL — Sat, 04 Sep 2010 02:05:54 +0000

Asian stocks rose, lifting the MSCI Asia Pacific Index to its biggest weekly increase in three, as Japan said it’s ready to act to rein in the yen and reports showed growth in Chinese and U.S. manufacturing. Canon Inc., a Japanese camera maker that receives 82 percent of its sales abroad, gained ...

Currency Strength/Weakness Meter

James Chen — Sat, 04 Sep 2010 01:54:49 +0000

Here are the strongest and weakest major currencies for the past week (August 30 – September 03, 2010), based upon relative percentage price change against each other from the beginning of this past trading week to the end of the week. This information can be used to identify possible trends and...

Stocks Surge, Treasuries, Dollar Retreat on Jobs Report

4xTL — Sat, 04 Sep 2010 01:12:33 +0000

Sept. 3 (Bloomberg) -- Stocks rallied, extending the biggest weekly gain since July for the Standard & Poor’s 500 Index, while Treasuries and the dollar fell as better-than- estimated growth in private payrolls bolstered optimism the economy will avoid relapsing into a recession. The S&P 500 clim...

USDCAD: Collapses, Halts Upside Offensive.

Mohammed Isah — Sat, 04 Sep 2010 00:24:27 +0000

USDCAD: Collapses, Halts Upside Offensive. USDCAD: The pair ended the week lower after an attempt on the upside failed the past week and pushed USDCAD to a low of 1.0384 on Friday.

Forex Trader’s Tech – MetaTrader 4 #1

caseystubbs — Fri, 03 Sep 2010 22:23:51 +0000

Being the techie geek that I am, I dive deeply into the features of the software I use. I like to find features that make the software more useful to me. So I decided to write a series of articles pointing out some of these things. To some folks, these things may be obvious, so don’t totally blast...

The Forex Market Testing Japanese Authorities

caseystubbs — Fri, 03 Sep 2010 22:22:46 +0000

The EUR and high-yielding currencies held strong on Friday after an improvement in U.S. housing and jobless claims data increased investor appetite for risk ahead of key U.S. jobs data later in the day. Still, reflecting consistent worries about a slowdown in the U.S. and global economies, the JP...

Forex Articles for the Weekend – September 4

Yohay — Fri, 03 Sep 2010 21:00:52 +0000

As the dust from the Non-Farm Payrolls sets, it’s time to sit back and relax on some long-term forex-related articles for this long weekend. Here are my picks from the web.

It was a very busy week indeed. Apart from a packed calendar and the Non-Farm Payrolls, the Bank of International Settlements officially released its triennial survey stating that forex trading reached a daily volume of 4 trillion dollars. I’ve reported this almost a month ago, and now it’s official.

And if this wasn’t enough, the new 50:1 leverage CFTC rules were presented and created lots of discussions on the web. This is a significant change to the American (and also global) forex industry. Here are interesting reactions on both stories and more:

Katie Martin, on WSJ, doubts the notion of a “new brave world in currencies” following the news about the BIS triennial survey..
Adam Kritzer analyzes this official release and sees an increase in emerging / exotic currencies.
Michael Greenberg reports that FXCM is worried that the new CFTC rules will prevent US traders from having foreign accounts. Will they classify foreign brokers with the same code that is used for gambling?
Bart Mallon looks at the next step regarding the new rules – the role of the NFA in registering brokers and placing requirements.
Francesc Riverola reminds us that the “Forex Trader of the Year” contest of real accounts begins on Monday. You can still sign up.
Kathy Lien provides “the best reason” to buy Euros.
Andriy has an open poll asking where the Euro will end 2010.
Macro Man summarizes the summer and sees that the collective wisdom of his readers was accurate about EUR/USD and most other indices.
Sophia Todorova, on Casey’s site, deals with an issue that many traders fall upon – self sabotaging.

That’s it for now. Some of you have a really long Labor Day weekend. Have a great one!

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ForexLive US wrap-up: Mixed data but risk “on”

redbarron — Fri, 03 Sep 2010 20:16:42 +0000

* Non-farm payrolls fall 54,000; unemployment rate edges up to 5.6%; private sector adds 67,000 jobs; large upward revisions to prior months. Better than expected * Japan’s Ozawa: Japan can use strong Yen to make overseas resource investments * ISM non-manufacturing PMI falls to 51.5 in A...

Investors to Focus on Private Sector Hiring This Morning

forexhound — Fri, 03 Sep 2010 19:57:25 +0000

Let’s take a look at today’s U.S. Non-Farm Payrolls Report. The big picture still suggests we are in a jobless recovery. The focus of today’s report will be on the private sector. An anemic jobs number is likely to cause companies to continue to conserve cash and refrain from hiring.

U.S. Jobs Data put Risk Back on Table

forexhound — Fri, 03 Sep 2010 19:56:48 +0000

This morning’s better than expected U.S. Non-Farm Payrolls data has put risk back on the table. Although this report showed that the economy was still shedding jobs, private sector hiring was above the consensus, driving investors into equities and out of gold and Treasuries.