Forex Trading Scams

A rebound in risk assets and a break of key USD/JPY level sent the greenback tumbling across the board in North American session on the last trading day of the week. With no economic data on the calendar FX markets took their cue from equities which staged a massive turn around. The DJIA futures which at one time were down as much as -200 points rose into positive territory gaining +25 in the first hour of trade helping to fuel a rally in EUR/USD which saw the pair climb nearly 200 points off session lows to hit a high of 1.4450 in the first hour of North American trade.

http://www.fx360.com/commentary/boris/5989/dollar-drops-accross-the-board.aspx

A very choppy end to the week in the FX market with risk currencies generally ignoring the persistent weakness in stocks as rumors and M&A flow dominated trade in early European session. The EUR/USD dipped to 1.4262 on risk aversion selloff but quickly recovered to trade above 1.4325 in good two way trade.

http://www.fx360.com/commentary/boris/5954/cable-a-safe-haven.aspx

Markets were jittery at the start of European trade today with broader indices lower by -1.3% as concerns over the region’s financial sector continued to trouble investors ahead of the weekend. Risk FX which initially held up well finally succumbed to continued risk aversion flows with EUR/USD tumbling towards the 1.4250 level from 1.4325 earlier in the session while cable gave up the 1.6500 figure dropping to 1.6445 in early London trade

http://www.fx360.com/commentary/boris/5985/cable-helped-by-ma-flow.aspx

Risk FX followed equities lower as the DJIA plummeted more than 450 points to trade below the key 11,000 level in the wake of weak US economic data and continuing concerns over the health of European financial sector. All the US equity indices were broadly lower by more than -4% in mid morning US dealing after the Philadelphia Fed business activity index dropped to -30.7 from 3.2 eyed. It was the biggest month-over-month drop since October 2008, during the peak of the credit crisis and the lowest reading since March of 2009 indicating that US manufacturing activity is slowing markedly.

http://www.fx360.com/commentary/boris/5981/risk-fx-tumbles-as-us-equities-plunge-by-more-than-4.aspx

Very choppy trade in currency market in overnight European dealing as EUR/USD jumped to 1.4450 on Middle Eastern demand and further SNB intervention through EUR/CHF only tumble below the 1.4400 figure by mid morning trade. With no economic data on the calendar the pair was hostage to risk flows throughout the night frustrating both longs and shorts as it struggled to find direction.

http://www.fx360.com/commentary/boris/5952/risk-fx-caught-in-choppy-trade.aspx