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There is nothing like domestic employment numbers to get the Capital Market’s full attention. However, the remainder of this week is laden with other data that is bound to keep investors trigger happy. Any small improvement in the ADP report, coupled with stronger weekly claims, should have little or no affect on the US’s unemployment rate as it edges towards that psychological +10% mark. The ECB meeting on Thursday is likely to signal that policy makers are not in the mood for quantitative easing of their own. Unlike the BOE’s meeting, which is expected to be more of a heated encounter? The BOJ is all on its own, not sure what number QE they are on. Cutting interest rates to zero and introducing more monetary easing is not weakening the yen. The market will takes its cue from this mornings ISM non-manufacturing. Will it raise speculation for more QE in the US even more?

The US$ is weaker in the O/N trading session. Currently it is lower against 14 of the 16 most...




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Who is Dean?

"The best traders have a unique ability to decipher new information a fraction quicker than the average person, but information overflow can confuse their clear line of thinking. When I was trading, I always wanted a general overview—relevant information in snippets, with not too much detail—as a way to get up to speed each day. My goal with this blog is to provide this type of overview. I want it to be informative for the average trader, so I encourage suggestions and active discussions." (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 now OANDA's resident currency analyst, and has been writing OANDA's daily forex blog since January, 2007 as a way to share some of his forex experience with the OANDA community.

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