The U.S. Federal Reserve announced QE3 on 13 September of last year. From 14 September through 23 April (yesterday), the average EUR/USD daily close price has been just shy of 1.3070.…

Today's US unemployment insurance weekly claims report could attract some attention. So-called initial claims have jumped over the past two weeks (highlighted in yellow on the graph below).

The…

The National Federation of Independent Business (NFIB) has released its latest monthly report based on surveys of small businesses in the United States. The March report suggests weaker US jobs figures during the spring season.…

The Australian dollar received a boost after the news services reported comments made by a Reserve Bank of Australia (RBA) Board member during today's London trading session. Economist John Edwards, an economist and member of the RBA board for nearly two years, has stated that the high Aussie does not require a policy response as the economy is dealing with the currency's strength better than…

Tomorrow is the first Friday of the month, which usually means non-farm payrolls. The US jobs report for March is due for release at 8:30 a.m. EDT.

As this article explained, traders should tune in when Chicago Fed president…

Currency Correlation Matrix



Click on the above graph to view a larger version.

Using the story of a fictitious, frequently traveling programmer named Joe, I explain in this video some of the factors that have influenced exchange rates over the past four years.

Curt Wehrley
Twitter: @fxcoachcurt
FX Strategist
Licenses: Series 3, 34

Curt Wehrley

Twitter: @fxcoachcurt

FX Strategist

Licenses: Series 3, 34…

Both the euro and the Japanese yen made newsworthy counter-trend moves against other major currencies near the end of the 4 - 8 February trading week. Since I've spilled plenty of ink on the Euro Yen in recent Trade of the Week (TOTW) posts, I'm going change it up this week and focus on the British pound, which made a notable counter-trend move against the US dollar.

For the conservative trader, taking a position against the prevailing multi-week trend can be tough at best,…

The trend is your friend. About two months ago, currency traders had reason to scoff at that old trader adage in light of the low volatility and relative lack of FX market direction so commonplace at the time. During the 7-11 January trading week, those who anticipated an extension of the recent eight-week euro yen trend were rewarded handsomely.

On Friday 16 November, I discussed in this market alert video the comments by…

The euro firmed against the US dollar during today's London trading session, then held its ground against the greenback during European Central Bank (ECB) president Mario Draghi's introductory statement at the ECB press conference. What followed Draghi's response to a reporter's question about interest rates was quite a different story for Europe's single…

Curt Wehrley
Twitter: @fxcoachcurt
FX Strategist & Trader Coach
Licenses: Series 3, 34
FX Bootcamp

I'm letting the charts speak for themselves in this Halloween edition of my Trade of the Week (TOTW) series.

 …

US job creation is just barely keeping pace with population growth, yet America's labour market has managed to escape its summer doldrums. The latest monthly employment report from the BLS showed job growth spread across multiple industries plus signs of optimism in the jobless ranks.

The headline figure from the October US non-farm payrolls (NFP) report beat the consensus forecast (based on a…

Most of my previous Trade of the Week (TOTW) posts have featured trades involving entries during the New York or London trading sessions. Not this time. The Asian session has rightfully earned the TOTW spotlight for the five-day span covering 15-19 October. A real beaut of an entry for a loonie short position came together on multiple currency pairs during the Thursday 18 October Tokyo morning hours.

In…

Anyone notice that loonie sell-off on Tuesday?

Below is a group of four charts, each showing one-hour candles for a yen cross from 11:00 a.m. New York time on 15 October to 12:00 p.m. New York time on 16 October. The Australian dollar, euro, and the British pound each managed to rise against Japan's currency over that 25-hour period. The Canadian dollar, however, has been notably weaker than the yen. (Check the other CAD…

Although price action was mostly muted across the major currency pairs following notable London session moves, some logical trade setups which yielded modest profits did materialize during Monday's New York morning trading session. In this video, I review the analysis I conducted in our New York FX Training Room today which supported the cases for EUR/JPY and…

The Japanese yen firmed against the Australian dollar during the final European trading day of the week. The AUD/JPY price initial jumped following release of the best US consumer sentiment reading in five years, then fell 40 pips to the 80 level before the London close.

Seeking 1-on-1 mentoring?…

The EUR/JPY currency pair extended its previous London session rally during today's New York morning trading session. The euro's rise against Japan's currency ended at the pair's weekly central pivot point. The euro yen ended the European trading day near its June high.

Seeking 1-on-1 mentoring?…

Central bank actions have long been a driving factor behind movement of the major currencies. Four major central banks -- the RBA, the BOE, the ECB, and the BOJ -- delivered policy decisions during the first five days of October. Hence, one could surmise that my first Trade of the Week (TOTW) selection for the fourth quarter would feature a trade involving speculation on an FX market move in response to actions or words from a…