Category: Forex Trading
The analysis published under this category are as follows.
Wednesday, January 20, 2010
Euro's Bearish Dead Cross (or Achilles Heel) / Currencies / Forex Trading
By: Ashraf_Laidi
EURUSD's 50-day moving average has now fallen below its 100-day MA, which is referred to as a dead cross. As shorter duration moving averages (faster gauges of trend) move below their longer duration averages (slower gauges of trend), a downtrend is said to be confirmed. Momentum traders, trend-followers and black box programs will tend to trigger fresh moves as these major moving averages upon the trigger.
Monday, January 18, 2010
USD/JPY Bulls Pause for Thought / Currencies / Forex Trading
By: Seven_Days_Ahead
The downmove in 2009 culminated in an acceleration in November, below prior 87.11 Dec-08/Jan-09 lows, which seemed to justify a bearish stance. However, an equally rapid recovery led us to think that we might have seen a blow-off move, and subsequent action supports this view – s/term weakness may not, therefore, be long-lasting.
Saturday, January 16, 2010
Reduce Your Risk in Currency Trading By Using Twin Pairs / Currencies / Forex Trading
By: Bryan_Rich
Pair trading is a popular stock-trading strategy. It gives you the opportunity to capture a dislocation between two stocks by taking a long position in one stock and simultaneously taking a short position in another — in equal dollar amounts.
In identifying a good pair trade, you’d look for two stocks that share the same industry, the same sector or simply have a strong historical statistical correlation. Yet for the time being, the share price of one may have gone up (the one you go short), while the other company’s stock (the one you go long) went down.
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Thursday, January 14, 2010
Forex Trading and the Core Consumer Price Index / Currencies / Forex Trading
By: ForexPros
The CPI measures are to be published tomorrow, January 15, 2010. The Index measures the changes in the price of goods and services excluding food and energy.
The CPI measures price change from the perspective of the consumer.
It is a key way to measure changes in purchasing trends and inflation in the US.
Wednesday, January 13, 2010
Currency Traders Look to U.S. Initial Jobless Claims / Currencies / Forex Trading
By: ForexPros
Traders anticipate the publication of the Initial Jobless Claims report tomorrow, January 14.
Initial Jobless Claims is a measure of the number of people who file for unemployment benefits for the first time during the given week.
Tuesday, January 12, 2010
USD Traders Await Publication of the Core Retail Sales Report / Currencies / Forex Trading
By: ForexPros
The Core Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the US, excluding auto. It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the US economy .
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Monday, January 11, 2010
EUR and JPY Forex Trading for 11th Jan 2010 / Currencies / Forex Trading
By: ForexPros
The Trade Balance index will be published tomorrow (Jan 12) in the US, Britain and Canada.
The Trade Balance index measures the difference in worth between exported and imported goods (exports minus imports). This is the largest component of a country's balance of payments.
Monday, January 11, 2010
EUR/CHF Slide Time for Support? / Currencies / Forex Trading
By: Seven_Days_Ahead
During 2009 the technical interest in the EUR/CHF cross steadily waned, as price action remained confined in a relatively narrow range. One or two preliminary bull signs soon evaporated; and now there has been a decisive directional move – but to the downside.
Thursday, January 07, 2010
U.S. Dollar Sobers Up Despite Fed PunchBowl / Currencies / Forex Trading
By: Ashraf_Laidi
The US dollar builds on its newly acquired robustness amid the FOMCs modest economic upgrade with regards to labour markets and the reiteration of the Feb 1st 2010 deadline as the expiry for the various liquidity operations. Although the FOMC statement maintained the phrase exceptionally low levels of the federal funds rate for an extended period, the overall tone was more than sufficient for the greenback to extend its upward trajectory, especially amid the rapid concentration of Eurozone-centric credit and banking problems cast a pall on the non-USD block.
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Tuesday, January 05, 2010
Euro and Yen Currency Trading for 5th Jan / Currencies / Forex Trading
By: ForexPros
Traders of the USD await the publication of the FOMC Meeting Minutes tomorrow (Jan 6).
The Federal Open Market Committee (FOMC) Meeting Minutes are a detailed record of the committee's interest rate meeting held about two weeks earlier. The minutes provide detailed insights regarding the FOMC's stance on monetary policy, so Currency traders carefully comb them for clues regarding future interest rate shifts.
Monday, January 04, 2010
Yen Breaks Resistance as Euro Tests Support / Currencies / Forex Trading
By: ForexPros
Fundamental Analysis: German Unemployment Change
The EUR will be affected by the publication of the German Unemployment Change tomorrow (Jan 5).
The German Unemployment Change measures the change in the number of unemployed people in Germany. A rise trend indicates weakness in the labor market and has a negative affect on consumer spending and therefore on the economic growth.
Wednesday, December 30, 2009
Euro Dollar Rally Unable to Maintain Momentumn / Currencies / Forex Trading
By: ForexPros
The Chicago PMI will be published tomorrow (Dec 31).
The Chicago Purchasing Managers Index determines the economic health of the manufacturing sector in Chicago region.
Any reading above 50 indicates expansion of the manufacturing sector, while a reading below 50 indicates contraction.
The Chicago PMI can be of some help in forecasting the US ISM and usually has an impressive correlation with it.
Tuesday, December 29, 2009
Euro Dollar and Japanese Yen Forex Trading for 29th December / Currencies / Forex Trading
By: ForexPros
Traders of CHF await the publication of the KOF Leading Indicators tomorrow (Dec 30).
The KoF Leading Indicators Index determines overall economic health by combining 12 indicators related to consumer confidence, banking confidence, production, new orders and housing.
Monday, December 28, 2009
EUR and JPY Currency Trading for 28th Dec / Currencies / Forex Trading
By: ForexPros
The CB Consumer Confidence report will be published tomorrow (Dec 29).
The Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict the consumer spending, which is a major part in the total economic activity. Higher readings point to higher consumer optimism.
Thursday, December 24, 2009
Euro Dollar Attempting to Break Above Resistance / Currencies / Forex Trading
By: ForexPros
The Euro broke the resistance specified in yesterday’s report 1.4298, but it stopped half way between the support & the target, as the high in the past 24 hours was 1.4365, a few pips below short term resistance 1.4371. This morning the price came back close to this resistance that we consider as resistance of the day, and breaking it would confirm the upward direction that started by breaking the descending channel.Read full article... Read full article...
Wednesday, December 23, 2009
Euro Dollar Expected to Continue Making Fresh Lows / Currencies / Forex Trading
By: ForexPros
Traders await the announcement of the Core Durable Goods Orders tomorrow (Dec. 24).
The Core Durable Goods Orders measures the change in the total value of new orders for durable goods, excluding transportation.
Because aircraft orders are very volatile, the core number gives a better gauge of orders trends.
Higher reading indicates activity increase by manufacturers.
Tuesday, December 22, 2009
Euro Breaks Support / Currencies / Forex Trading
By: ForexPros
The Bank of England (BOE) Monetary Policy Committee (MPC) Meeting Minutes will be published tomorrow (Dec 23). The minutes are a detailed record of the committee's interest rate meeting held about two weeks earlier.
It gives a picture of economic conditions in the UK.
It also records the votes of the individual members of the Committee
If the BoE is hawkish about the inflationary outlook, it should be taken as positive/bullish for the GBP.
Monday, December 21, 2009
Euro Dollar Breaks Support Ahead of Quarterly GDP Data / Currencies / Forex Trading
By: ForexPros
Tomorrow, Dec 22, the Gross Domestic Product will be published in the UK, USA and New Zealand.
The Gross Domestic Product (GDP) is the broadest measure of economic activity and is a key indicator for the economy's health. The quarterly percent changes in GDP shows the growth rate of the economy as a whole.
A higher than expected reading should be taken as positive/bullish for the currency, while a lower than expected reading should be taken as negative/bearish for the currency.
Thursday, December 17, 2009
Euro Traders Look to German Ifo Business Climate Index / Currencies / Forex Trading
By: ForexPros
The German Information and Foschung (Ifo) Business Climate Index determines the business sentiment and conditions in the Euro-zone.The reading is concluded from survey of about 7,000 businesses.
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Tuesday, December 15, 2009
Currency Markets Wait on U.S. FOMC Interest Rate Decision / Currencies / Forex Trading
By: ForexPros
The Federal Open Market Committee (FOMC) decision on short term interest rate is due out tommorow (Dec 16) in the US.The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency. Read full article... Read full article...