Thursday February 9, 2006 - 06:38:36 GMT
Share This Story
Tricom Futures and Foreign Exchange -
Forex: The Yen's short recovery ends, as the BOJ bursts the bubble...again!!!
The dollar quickly recovered from losses against the Swiss franc and other currencies on Thursday sustained after a U.S. Capitol office building was evacuated to check for a suspected nerve agent.
News of an evacuation of the building had initially prompted investors to sell the dollar, but investors bought back the currency after police gave the all clear, and market attention returned to the day's main event, a Bank of Japan policy meeting.
As expected the BOJ kept policy unchanged, but traders were looking forward to comments by BOJ Governor Toshihiko Fukui in a news conference beginning at 0630 GMT for any signals of when the BOJ will abandon its super-loose policy.
The market is starting to somewhat, and the USD looks to be softening on the charts, particularly against the EUR and GBP. I'm not saying we're about get a huge rally back in EUR and GBP, but we may see the USD take a bit of a rest today.
Today's Economic Release:
UK: Dec Trade
UK: BOE meeting
US: Weekly Jobless
US: Whoesale Inventories
Today's Top Trades
- Buy GBP/USD on a break above 1.7480
- Sell USD/CHF on a break under 1.2940
For more ideas send me an email, email@example.com
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."