In Association with OANDA Corporation
Report by Dean Popplewell
Dean Popplewell has a wealth of forex experience: professional currency trader for 10 years, fixed income trader for four years, and head of the global trading desks at various financial institutions in Canada. Dean is OANDA’s resident currency analyst and has been writingOANDA’s daily forex blog since January 2007 as a way to share some of his forex experience with the OANDA community.
Week in FX Europe June 17–22
Germany’s Merkel says we must fight for the Euro. Was she referring to the Euro championship? This week has all been about Spain, both on the pitch and in banking circles. Independent audit reports presented their worst and it was better than the market was expected and has done little for risk. Bearish EUR is the market consensus for now. Despite the hopes for policy response, “investors
EUROPE Week in FX
Red Hot China Blows Cold
Perhaps China could lead the way? Nope, data this week has not given risk lovers a “warm and fuzzy feeling.” China’s HSBC Flash PMI fell to a seven-month low of 48.1 in June from a final reading of 48.4 in May. The most frightening part, the new orders index component fell to 46.8 from 48.4 last month, a three-month low. It seems that the Chinese government attempt to spur growth has yet
ASIA Week in FX
QE3 on Offer for Next Fed Meet
Twist 2 or Twist light? Investors had been warned that if the Fed failed to deliver, they should brace themselves for substantial fallout. They knew that QE3 signals from the FOMC would be much more important in moving risk that the euro-zone crisis has been in moving the markets. The recent deterioration of US economic data and financial market conditions had boosted expectations for
AMERICAS Week in FX
Forex Order Book
A 24-hour summary of open orders and positions
Forex Historical Position Ratios
tradersdna is a new digital source for retail and institutional Forex traders, industry leaders and capital market players offering useful resources, research, the latest breaking information, news, Forex PR, and receive an in-depth analysis of latest events.