Forex Resources

Open a Free Practice Account

Open a free practice account and experience the Forex market risk-free with exclusive access to VT Trader™ 2.0.

By providing your telephone number you agree that CMS Forex UK can contact you by telephone to guide you in the use of your practice account, inform you about our trading products and services and answer any questions you may have.

Simulated conditions may differ from real conditions, and traders should not necessarily expect the same results from live trading.

Forex Commentaries

By Hans Nilsson*

Dollar Drops

Hans Nilsson2010-08-02

The dollar and yen fell versus most of their key rivals on Monday. Risk appetite increased following betterthan- expected US and European manufacturing data and positive news about bank earnings in Europe. US stocks rallied, with the S&P 500 jumping 24.26 to 1,125.86, a 10-week high. The GBP/USD broke the 1.57 resistance and climbed to an almost 6-month high.

USD/JPY Falls to Lowest Level This Year

Hans Nilsson2010-07-30

The dollar was higher against the euro on Friday but lower versus other major currencies. US GDP rose at a 2.4% annualized pace in Q2 2010. While Q1 GDP was revised higher, estimates back to 2007 were revised lower. The S&P 500 increased 0.07 to 1,101.60. The euro fell from yesterday’s nearly 3-month high. Sterling traded at $1.5689 today, compared with $1.5612 yesterday.

Dollar Index Breaks 82-Handle Support

Hans Nilsson2010-07-29

The dollar fell versus its counterparts on Thursday. The 4-week moving average of US initial jobless claims decreased to the lowest level since May 8. The S&P 500 declined 4.60 to 1,101.53. The euro rose to $1.31 for the first time since May 4 as euro-area economic sentiment climbed to the highest level since March 2008. The yen strengthened to 86.79 against the dollar at 5:28 pm in NY, from 87.35 yesterday.

Aussie Falls on Tame Australian CPI

Hans Nilsson2010-07-28

The dollar dropped to an almost 2-week low versus the yen on Wednesday. US durable goods orders unexpectedly decreased in June. The Federal Reserve said in its Beige Book that US economic growth eased in some areas over the past two months. The S&P 500 declined 7.71 to 1,106.13. The euro traded at $1.2989 today, compared with $1.2999 yesterday.

GBP/USD Breaks Resistance

Hans Nilsson2010-07-27

The dollar traded mostly higher on Tuesday. US May 20-city home prices posted the largest year-over-year gain since August 2006, but July consumer confidence fell to a 5-month low. The S&P 500 declined 1.17 to 1,113.84. The euro rose to a 2-month high versus the yen after data showed German consumer sentiment will rise in August.

FX at Important Technical Levels

Hans Nilsson2010-07-26

The dollar fell and risk appetite rose on Monday, pushing interest rates and equity prices higher. June US new home sales beat estimates and FedEx raised its earnings forecast on rising demand for international express shipments. Federal Reserve Bank of Philadelphia President Charles Plosser said he sees no need for more monetary stimulus.

Dollar Drops on Strong Economic Data

Hans Nilsson2010-07-22

Economic optimism returned on Thursday, supporting risk-prone currencies against the dollar and yen. Stocks, commodities and interest rates rose on better-than-expected economic and corporate earnings reports. Federal Reserve Chairman Ben Bernanke told Congress that “we are ready and we will act if the economy does not continue to improve” and reassured investors that further stimulus would be there if needed.

Bernanke’s Testimony Boosts Greenback

Hans Nilsson2010-07-21

The dollar and yen gained on Wednesday. Federal Reserve Chairman Ben Bernanke said in testimony to the Senate Banking Committee that the Federal Open Market Committee did not have any immediate plan to bolster the economic recovery despite what he called an “unusually uncertain” outlook. Bernanke said the Fed policy makers “expect continued moderate growth, a gradual decline in the unemployment rate, and subdued inflation over the next several years.”

BOC Rate Hike Supports Canadian Dollar

Hans Nilsson2010-07-20

The dollar traded mixed on Tuesday ahead of Federal Reserve Chairman Ben Bernanke’s semiannual congressional testimony on the economy tomorrow. June US housing starts decreased to the lowest level since October 2009 and employment fell in 27 states led by declines in California and New York. However, a more-than-expected increase in June building permits substantiated the claim that the US housing sector is stabilizing.

Will EUR/USD Penetrate Resistance?

Hans Nilsson2010-07-19

The greenback traded mixed on Monday. The S&P 500 rose 6.37 to 1,071.25. The yen declined slightly versus the dollar. The euro gained against most of its major counterparts. The EUR/JPY advanced to 112.31. Sterling fell for a second day following its unsuccessful attempt to penetrate the 1.55-area resistance...

Yen Rises as Risk Appetite Falls

Hans Nilsson2010-07-16

The dollar closed mixed on Friday, lower versus the yen but higher against the commodity currencies, on further signs of slowing US economic growth. The dollar index, rising for the first day in four, rose to 82.56 after finding the 82-area support. July consumer expectations dropped to the lowest level since March 2009 and June consumer prices declined for a third month.

Dollar Plunges on US Economic Slowdown

Hans Nilsson2010-07-15

The dollar dropped on Thursday as US industrial production, producer prices and manufacturing gauges all showed weaknesses. The S&P 500 rose 1.31 to 1,096.48, recovering from earlier losses as Goldman settled charges with SEC and BP seem to have stopped the oil leak. The yen advanced after the Bank of Japan maintained its key interest rate at 0.10%, as expected.

1 2 3 4 5 ... 65

*Expert Market Commentaries, charts and information are provided by Hans Nilsson of Globicus International, Inc., a registered third party CTA, are intended for educational purposes only and do not constitute trading recommendations. Trading OTC Forex on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. Please contact a registered trading advisor if you have any questions.

This report is intended solely for distribution to customers of Capital Market Services, L.L.C. Any information in this report is based on data obtained from sources considered to be reliable, but no representations or guarantees are made by Capital Market Services, L.L.C. with regard to the accuracy of the data. The opinions and estimates contained herein constitute our best judgment at this date and time, and are subject to change without notice. Capital Market Services, L.L.C. accepts no responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way connected with, the use of all or any part of this report. No part of this report may be reproduced or distributed in any manner without the permission of Globicus International, Inc.