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Forex Forum to Share, Discuss, Communicate and Trade Forex • HiWayFX - Market News
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German Bund Yield Pulls Back as Euro Consolidates

PostPosted: Thu Jun 18, 2015 2:30 am
by HiWayFX
We've shown you the main reason for strength in the EUR/USD currency pair previously, and we're starting to see signs of consolidation in both markets.

The Euro remains largely directionless since May, and right now we're trading right where we were on the first of May. All of this makes sense because of the looming uncertainty of the Greek debt drama; the market has no reason to move hard until it ends - sometime at the end of June.

The yield on German Bunds has also retreated in relation to it's counterpart US Treasury Bonds and we've seen that this correlation is very strong with the EUR/USD. The following chart shows that the Bund-Treasury spread has gone up faster than the EUR/USD exchange rate, signalling that the market might be ready to move higher at the end of this Greek drama.

Source: DTN, HiWayFX

There are a couple of reasons to take the contrarian view that the Euro will rise even in the face of the Greek debt crisis. Some European asset managers are ready to buy regardless of the outcome. The thinking is that even if Greece defaults or exits the Eurozone, then essentially the crisis will finally give way to the strong fundamentals of the Euro economy. Basically any decline in Euro would be a buying opportunity.

This correlation chart seems to support that view.

While the markets focus on Fed, the Sterling steadily rallie

PostPosted: Mon Jun 22, 2015 11:27 pm
by HiWayFX
Last week, the FOMC meeting showed that the Fed was on track for a rate hike in 2015. Of course, the meeting was not as straight forward with a lot of variables in play. Questions still remain as to the number of rate hikes as well as by how much the Fed would hike the interest rates. The markets shifted attention to the Fed's Staff Economic Projections or SEP, where the FOMC members lowered the GDP for the year while expecting to see a higher unemployment rate. The FOMC projections left inflation unchanged. With a dovish-neutral outlook the US Dollar turned weaker across the board before managing to stabilize and trim some of its losses.

Read more https://goo.gl/4G6vfQ

USD/JPY Advance Provides Better Trading Opportunities

PostPosted: Wed Jun 24, 2015 10:43 pm
by HiWayFX
With the EUR/USD market looking like a seeming pinball game with no direction, decoupled from fundamentals, and little technical sense, traders have been wondering where to go in the Forex market for "normal" trading; something that we haven't seen since 2014 and before in EUR/USD, but which is more or less intact in USD/JPY.

The strong uptrend in USD/JPY has been going since 2012. Now, even though markets have a tendency to turn against you the longer they've been trading in one pattern, it's not necessary to just blindly buy USD/JPY expecting gains any time. The reason why we like USD/JPY is because of the orderly patterns it trades in while it has been in it's uptrend. The periods where it's actually going up are relatively short. Between this, there are long periods of stead range trading, giving the opportunity to play the edges.


In the daily chart above, we can see that the regular consolidation patterns give way to strong up moves.

The current consolidation seems to have the best support level at 122.50 and resistance at 125 and 124.50. With just these three levels, we could have good trade setups for months to come. The only thing required is patience and disciplined use of limit orders!

Euro Panic Subsides, Downside Still Limited

PostPosted: Wed Jul 01, 2015 6:25 pm
by HiWayFX
One of the most important things to remember when trading Forex markets like the ones we're seeing now is to trade what you see.

That is, trade what you see on the charts and don't listen to what you hear in the media. If we took the media's word for it, then we probably would've been panicking like everyone else on Monday when they were touting the apocalypse-like situation in Greece and for the rest of the Eurozone. In reality, the EUR/USD market overreacted on Monday morning when it gapped down 170 pips. This wasn't a chance to jump on the bandwagon and sell sell sell; it was a quick buying opportunity.


Read more https://www.hiwayfx.com/market-news/euro-panic-subsides-downside-still-limited

Forex Markets Likely to Have Major Gaps on Monday Open

PostPosted: Fri Jul 03, 2015 7:00 pm
by HiWayFX

After the last gap of 170 pips down this past Monday, we're expecting the same thing after Forex markets open in Australia on Monday.

The trouble with this kind of market is that it is a straight 50/50 bet, and it's only worth holding trades or trading on this news if you're a betting type of person. We take the view that there is no trade here, as it will only be clear what the next trade setups will be well into the London trading session on Monday.

Read more https://www.hiwayfx.com/market-news/forex-markets-likely-have-major-gaps-monday-open

HiWayFX - Market News

PostPosted: Tue Jul 14, 2015 12:41 pm
by HiWayFX
Janet Yellen maintains outlook for Fed rate hikes in 2015

Speaking at an event in Cleveland late Friday Federal Reserve Chair, Janet Yellen reiterated on her outlook for increasing the Fed Funds rate in 2015. Yellen's speech comes a few days after the Federal Reserve released its meeting minutes from June which did not offer much clues, besides the point that the financial markets were in a period of uncertainty surrounding Greece and the Eurozone. Yellen remained upbeat on the US economy noting that it would be "appropriate to hike rates at some point this year".

Read more https://www.hiwayfx.com/market-news/janet-yellen-maintains-outlook-fed-rate-hikes-2015


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PostPosted: Wed Jul 15, 2015 6:46 am
by HiWayFX
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Re: HiWayFX - Market News

PostPosted: Thu Jul 16, 2015 7:16 am
by HiWayFX
Euro Shows Sign of Breaking Down After Greece Deal

We've written that Greece leaving the Euro could have the opposite effect on the currency by making it go up after a knee-jerk reaction, but the opposite is also true in the case of a deal where Greece stays in the Euro. In this case EUR/USD would have room to fall, breaking months of consolidation while markets were anticipating a conclusion.

- See more at: https://www.hiwayfx.com/market-news/euro-shows-sign-breaking-down-after-greece-deal

Re: HiWayFX - Market News

PostPosted: Thu Oct 22, 2015 8:00 am
by Waber
Hello, HiwayFx!

I wonder, does your company provide swap accounts for customers?

Re: HiWayFX - Market News

PostPosted: Fri Oct 30, 2015 12:38 pm
by HiWayFX
Dear Waber,

Our Standard NDD account is Swap Free. You can find all the information here: https://www.hiwayfx.com/trading-accounts/standard-ndd

If you have further questions, we would be happy to assist you. Kindly send us an email at support@hiwayfx.com or via Live Chat.

Best Regards.