“Christopher Vecchio is a Currency Analyst for DailyFX, the research arm of Forex Capital Markets (FXCM). With a background in political science and economics, he focuses on the interrelationships between geopolitical events, macroeconomic data, medium-term technical trends. Also an active trader, Christopher monitors the markets around the clock, beginning in the early European hours through the Asian close.”
By Christopher Vecchio Political headlines out of the Euro-zone are beginning to heat back up, putting further downside pressure on the Euro. Needless to say, the implicit endless support of the ECB’s balance sheet assuaged fears among bond holders, which [...]
By Christopher Vecchio The Bank of Japan is about to get a lot more dovish, and sooner than previously thought. Earlier today, Masaaki Shirakawa announced that he would retire from his position as BoJ Governor on March 19, about [...]
By Christopher Vecchio, Currency Analyst | 04 February 2013 12:45 GMT ASIA/EUROPE FOREX NEWS WRAP The past several days may very well be looked back upon as a major inflection point in the 1Q’13: the most significant US economic data [...]
EURUSD: This week I’ve said: “the RSI downtrend that was broken last week was the clue for further strength. Accordingly, I maintain that ‘focus is on buying dips.’ It now appears that a Bull Flag has formed on the daily [...]
TECHNICAL ANALYSIS OUTLOOK EUR/USD: The pair is slightly lower today but remains near its November high, after breaking the confluence of resistance at 1.2800/40 (20-EMA, 50-EMA, 100-DMA, early-November high, mid-October swing low). As noted on Friday, “coupled with a breakout [...]
By Christopher Vecchio The commodity currencies have moved up in Asian and European trading, boosted by new liquidity measures out of China, though the efficacy of the rebound is in question: the Euro is one of the worst performers [...]
By Christopher Vecchio Published: December 18, 2012 Light news flow and falling Italian and Spanish yields have allowed the Euro to gain. ASIA/EUROPE FOREX NEWS WRAP After a tremendous amount of excitement in FX markets the past few days, trading [...]
By Christopher Vecchio Published: December 17, 2012 The Japanese Yen took a major hit ahead of markets reopening this week, after Shinzo Abe’s Liberal Democratic Party won a sweeping majority in the lower house of parliament. Despite intentions to see [...]
By Christopher Vecchio Published: December 14, 2012 FX markets are relatively flat on the day with the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) only a shade higher, as investors continue to slowly return to the world’s reserve currency following [...]
