03/25/08 - Daily Forex Market News from cmsfx.com
Today's Recap: Dollar Down vs Euro, Pound, Yen as Markets Price in More Rate Cuts by Fed
The Dollar was pressured on Tuesday as speculation of a 50 basis point move next month by the Fed was priced into the markets. The greenback declined in value vs the Euro, Pound, and the commodity bloc of currencies to start the week. A rally in carry trade pairs on Monday stalled in today's session.
Consumer Confidence fell to a five year low the US, and Home Prices were shown to be down
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: 25/03/08 20:26
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FOREX New York Session Video January 10, 2008
Just before the start of today's New York session, the European Central Bank announced its decision to keep interest rates right where they are. More important, though, was the statement following the decision, featuring hawkish commentary from ECB president Trichet. Add rising gold prices to the mix, and you have a recipe for a rising EUR/USD. Profits of up to 100 pips were served up to traders who put the ingredients together and executed a conservative trade plan.
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: 11/01/08 07:24
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12/19/08 - Daily Forex Market News from cmsfx.com
Bank of Japan Cuts Rates to 0.1% While US Gov't Bails out Auto Sector
Friday, December 19th, 2008
There were some key announcement today as the Bank of Japan cut its benchmark interest rate to 0.1% and the US government said it would tap the TARP funds to give the auto auto industry a bailout. Markets saw continued Dollar strength as part of a correction.
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: 19/12/08 22:51
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FOREX New York Session Video January 24, 2008
Tuesday featured a surprise intrameeting 75 basis point rate cut by the Federal Reserve. Yesterday saw hawkish commentary delivered by the leader of the European Central Bank. Today's result: Up, up, and up for the EUR/USD. The entry zone for a long trade on the euro during today's New York session was defined by the convergence of a Fibonacci retracement level and the 21 ema. The market's subsequent move to two pivot point profit targets -- first M4, then R2 -- was classic.
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: 25/01/08 08:18
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10/08/08 - Daily Forex Market News from cmsfx.com
Central Banks Cut Rates Together in Coordinated Move
Wednesday, October 8th, 2008
The Fed, the ECB, the Bank of England, and the Bank of Canada all cut their benchmark rates by half a percentage point, and the Swiss National Bank cut its by a quarter point, in an unprecedented coordinated effort to ease the economic effects of the financial crisis.
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: 08/10/08 21:44
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December 17th, 2007
US Dollar Gains on Euro, on Positive Data. Yen and Canadian Dollar Also Up.
The Dollar gained as chances of more rate cuts diminished with Friday's news. Today, positive inflows of foreign investment and a shrniking current account deficit helped boost the Dollar.
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: 17/12/07 23:50
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03/19/08 - Daily Forex Market News from cmsfx.com
Pound Stumbles After Meeting Minutes, Loonie Falls On Drop in Oil, Rate Outlook
The Pound took a big dive versus the Dollar today, as markets priced in more rate cuts as a result of Meeting Minutes released today. The Euro faltered after a report showed its trade deficit widening. The Canadian Dollar fell as oil prices took a tumble.
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: 19/03/08 22:17
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01/30/08 - Daily Forex Market News from cmsfx.com
FOMC Cuts Rates by 50 Basis Points as Expected; Dollar Falls Lower
The Dollar fell lower today as the Federal Open Market Committee followed last week's 75 basis point cut, with another 50 basis point cut today. The Dollar fell lower versus the Euro, Loonie, and Swiss Franc, while giving up earlier gains to the Pound and Yen.
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: 30/01/08 23:26
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02/07/08 - Daily Forex Market News from cmsfx.com
Dollar Gains on Euro and Pound Following Central Banks
The Bank of England cut rates to 5.25% today, and the Pound fell close to 200 pips vs the Dollar. The ECB held rates steady at 4%, but also dropped as the markets interpreted Trichet's speech as dovish. Despite poor fundamentals, the Dollar gained on the Yen as well.
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: 07/02/08 23:09
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December 19th, 2007 Daily Forex Market News from cmsfx.com
Pound Drops Further Following Meeting Minutes, Hits 3 Month Low vs. Dollar. .
The Pound fell lower today as the minutes revealed a unanimous decision to cut rates. The Pound fell below 2 versus the Dollar for the first time in 3 months.
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: 19/12/07 23:49
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