Tom Tragett has over 30 years of forex trading experience. He has worked for distinguished international organisations like the First National Bank of Maryland, Berliner A.G, The Long-Term Credit Bank of Japan and RZB Austria, as both trader and manager. In 2004, Tom walked away from life in the City and is now an independent forex trader.
If you’re trading currencies, you’re trading the right market. I think 2013 could be a great year in forex. But there’s one story in particular that’s really interesting…
Spanish spreads widening unexpectedly puts paid to EUR rebound | Asian equity markets move higher but gains very modest against recent backdrop of heavy losses | Spanish retail sales fall over 9% but news overshadowed by improved risk environment
SNB threatens use of capital controls to curb CHF strength if EUR breaks up | Gold lifts as US currency slips back in Asian trade and JPY strengthens | Spanish yields actually rise again this morning despite European equities rising
Gold falls back as USD rises and rumours abound in late US trading of Greek exit being imminent | EURGBP breaks above the 0.8025 resistance as EURUSD moves back towards 1.2600 handle | JPY crosses all move to the right hand side as the Japanese currency weakens across the board
EURUSD closes underneath this year’s previous low and sets prospect of more losses in the short to medium term | EURJPY struggles to regain ground above 100 after breaking through the key level yesterday |
BOJ leaves policy unchanged following worse than expected April Trade deficit | Pound edges to fresh lows ahead of UK April retail sales data at 9.30am this morning | EURCHF continues to edge lower like a glacier towards SNB’s 1.20 line in the sand
Asian equities move higher as risk returns and USD and JPY and Gold move lower | European equities open higher as risk benefits commodity currencies and oil | Gold slips back as risk on helps reduce flight to safety as seen in recent sessions
EURUSD rebounds from yesterdays low near 1.3105 to trade around 1.3155 in tight 20 pip Asian range overnight | AUD falls sharply from 1.0325 level following release of weaker than expected Q1 CPI inflation data | Talk of a sizeable move by BOJ at policy meeting on Friday to add some 5-10 trillion yen in additional QE
USD and JPY gain in Asian trade as EURUSD slips from Friday’s US closing level | German manufacturing PMI shows fastest contraction in over 2 years-EURUSD falls back under 1.3150 on news | Gold falls sharply on opening as equities fall back on weak EU data
EURUSD rebounds slightly in very quiet Asian trade as JPY strengthens and AUDUSD lifts back over 1.03 | Gold lifts slightly overnight to around $1630 ahead of London opening | Swiss currency reserves rise CHF 10 billion from February to March