Elevated unemployment, higher taxes and rising gas prices that are hurting U.S. consumer demand also prompted the lower forecast, executives said. JPMorgan Chase & Co.s Global FX Volatility Index reached 11.96 percent on June 24, the most since June 2012, after rising at the fastest pace since the collapse of Lehman Brothers Holdings Inc. in 2008.
FOREX-Dollar rallies, reversing course, but doubts remain
COT explanation: The weekly cot report summarizes the total trader positions for open contracts in the futures trading markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and non-reportable traders (usually small traders/speculators). Individual Currencies Large Speculators Positions in Futures: The large non-commercial net positions for each of the individual major currencies directly against the US dollar last week saw weekly increases for the euro, Japanese yen, Swiss franc, Australian dollar, New Zealand dollar, Canadian dollar and the Mexican peso while only the British pound sterling had a declining number of large speculator positions for the week. Notable changes: Euro net speculative contracts improved for a fifth straight week and are at their highest level since June 25th. The Australian dollar large spec contracts saw their largest gain since March last week as the Aussie may have seen a potential short-term bottom in trader sentiment after falling to the most bearish position of its recent decline on August 6th.
ForexMinute Reports IC Markets Now Offers Multilingual Trading Platforms
The recent figure was quite worrying: a drop to 47.7, which reflects not-so-mild contraction. A small recovery to 48.3 is expected. This has implications on the Australian dollar and the Japanese yen, as well as other currencies. US Unemployment Claims: Thursday, 12:30. US jobless claims fell nicely to 320K, following 335K in the previous week. This data was 14K lower than predicted by analysts, indicating the job market recovery is picking up.
Forex Weekly Outlook August 19-23
“Ultimately, rising bond yields will support the dollar, but not against such a big change in the backdrop.” Ten-year Treasury yields traded at a two-year peak of 2.866 percent, while the gap between two-year Treasury yields and their Japanese counterpart rose to the highest in six weeks, Reuters data showed. Part of the reason for yen bids volatility was positioning ahead of the weekend. Japanese investors were missing the action this week due to the Obon holiday, but should be returning late Sunday New York time. Some of the strength in the dollar/yen in New York trade on Friday was buying ahead of that influx of investors.
Source: <a href='http://www.reuters.com/article/2013/08/16/markets-forex-idUSL2N0GH1B520130816' best inverse etfs >http://www.reuters.com/article/2013/08/16/markets-forex-idUSL2N0GH1B520130816
FOREX-Yen edges up vs dollar as Japan officials dismiss tax cut talk
Aso’s comments that corporate tax cuts would not have an immediate impact was seen as a blow to that view. Losses against the yen dragged on the dollar index. It was last down 0.1 percent at 81.509. The dollar’s fortunes have been tied to when the Federal Reserve would “taper” stimulus and the uncertainty saw it slide more than 4 percent between July 9 and Aug. 8.
Large Forex Speculators reduced US Dollar bullish bets for 4th straight week
Thus, offering mobile Forex trading experience to traders, it has carved a niche for its services. These trading features can also be used while on the move, as they are also browser based trading platforms. About ForexMinute.com ForexMinute, the worlds leading Forex news and views portal, has become a one-stop solution provider for Forex traders and brokers as well as Bitcoins news. It provides all the required tools to individuals to become a professional Forex trader. Also, it helps Forex brokers provide high-end user-friendly trading experience to traders with an array of resources e.g. financial news by the minute, fundamental analysis, technical analysis, Forex tools and others.