Forex Week In Review August 10th to August 17th

IntelligentHQ Forex Week In Review In Association with OANDA Corporation

Report by  Dean Popplewell

bio_dean-e1339923416435 Dean Popplewell has a wealth of  experience: professional  trader for 10 years,  trader for four years, and head of the global trading desks at various financial institutions in Canada. Dean is ’s resident currency analyst and has been writing’s daily forex blog since January 2007 as a way to share some of his forex experience with the  community.

Week in FX Europe Aug 12-17


It has been an uninspiring jobbing week for the single currency. The EUR has been confined to within a tight two cent trading range. Volatility blips have been fueled by strong rhetoric from Merkel, very much backing earlier Draghi comments, a think tank suggesting that a Spanish bond buy strategy was imminent and mixed global data.

The Dollar in Motion 

The big dollar found its sea legs, at least temporarily, after Friday’s UoM consumer sentiment index and the Conference board’s leading indicators both exceeding the streets estimates. The currency was propelled higher outright to the EUR and was able to add to its gains against most major currencies. With the general lack of liquidity and varying degrees of market participation.

Japan to Claim No 1 From China

The latest US TIC data report showed that both China and Japan boosted Treasury holdings in June. In fact, China’s holdings have dropped -$142.7b from the level at the end of June 2011. Japan went the other way; the country actually increased their holdings by +$237.8b over the same period. It’s no surprise that Japan is getting closer to toppling China as the largest foreign owner of Treasury’s.
ASIA Week in FX


  • AUD and the FED produce their Monetary Policy Minutes
  • Also down under, NZD reveals its inflation situation
  • Both CNY and GER will provide Flash Manufacturing PMI’s
  • GBP brings us public Sector Borrowing and GDP
  • New and existing Home Sales comes from the USD
  • Finally and from down under, AUD RBA Stevens speaks end of week


Forex Order Book

A 24-hour summary of open orders and positions

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Forex Open Position Ratios

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