Forex Week In Review August 5th to August 10th

Investor apathy and lack of CBank follow through again had the EUR testing some key support levels this week.

IntelligentHQ Forex Week In Review In Association with OANDA Corporation

Report by  Dean Popplewell

 Dean Popplewell has a wealth of  experience: professional  trader for 10 years,  trader for four years, and head of the global trading desks at various financial institutions in Canada. Dean is ’s resident currency analyst and has been writing’s daily forex blog since January 2007 as a way to share some of his forex experience with the  community.

Week in FX EUROPE Aug 5-10 2012

The EUR’s lackluster performance this week, especially after printing a five-week high (1.2444), paints a picture of uncertainty for the single currency as expected follow through gains have failed to develop. Not helping the single currency’s performance has been the Euro holiday season and the markets lack of liquidity. Investor apathy and lack of CBank follow through again had the EUR testing some key support levels this week. It’s very possible that the US yield advantage could pressurize the

Loonie Going Out On A Limb 

After two months of modest gains (+7k average), the Canadian economy unexpectedly shed jobs last month (-30.4k) on Friday, allowing the unemployment rate to rise (+7.3%), as employers pared jobs amongst the part-time staff (-51.6k). This was the largest decline in this category in eight months, offsetting a healthy gain in the full time print (21.3k). Average hourly wages advanced +3.6% from a

PBoC Stands Ready to React 

It was not unusual to see Chinese Government Bonds end the week on a high note, especially after a weaker than expected trade and loan data for July fueled investor expectations that the PBoC could announce a cut in the bank’s reserve requirement (+20%) ratio as early as this weekend. Softer global data has seen investors increase their demand for safe haven government debt.
ASIA Week in FX


  • NZD, GBP and USD give us retail sales
  • Inflation and producer price data is reported in GBP, USD, NZD and CAD
  • Consumer sentiment is delivered in EUR and USD
  • USD has Philly Fed Manufacturing
  • Claimant count to be released in GBP and USD


Forex Order Book

A 24-hour summary of open orders and positions

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Forex Open Position Ratios

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