Category: Forex Trading
The analysis published under this category are as follows.
Wednesday, November 18, 2009
Euro and JPY Forex Trading and UK Economic Fundamentals / Currencies / Forex Trading
By: ForexPros
The UK National Statistics Bureau will publish the monthly Retail Sales measurement Tomorrow (Nov 19).
Retail Sales are a measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the UK.
It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the UK economy.
Tuesday, November 17, 2009
Euro and Yen Forex Trading / Currencies / Forex Trading
By: ForexPros
Euro DollarThe Euro moved in both directions, breaking both the support & resistance specified in yesterday's report, without being able to reach the target in both cases. We have witnessed a swift move during yesterday's trading, when the Euro dropped very fast to 1.4879 only to rise with the same light speed to 1.5014. This move has founded an important support at 1.4879, where the rising trendline from November 3rd bottom meets yesterday's low.
Read full article... Read full article...
Friday, November 13, 2009
U.S. Dollar Index Might Be At Pivotal Moment / Currencies / Forex Trading
By: Seven_Days_Ahead
During 2009 the US Dollar Index has enjoyed a deep pullback. Its current position doesn’t exactly excite, but an interesting technical level is being tested and we here highlight what would be taken as the first bull signal.Read full article... Read full article...
Thursday, November 12, 2009
Currency Trading for 12th November / Currencies / Forex Trading
By: ForexPros
The U.S Bureau of Economic Analysis will publish the monthly Trade Balance index tomorrow (Nov 13).
The Index measures the difference in worth between exported and imported goods (exports minus imports), which make up the largest component of a country's balance of payments.
Wednesday, November 11, 2009
Euro Breaks Above $1.50 / Currencies / Forex Trading
By: LiveCharts
Based largely on dollar weakness and rising oil prices, the Euro is currently worth $1.5018, after reaching a new 52-week high at $1.5051. The same dollar weakness has pushed the Pound back near $1.67, kept oil near or above the $80 per barrel level, and has sent the spot rate of gold soaring past $1,100 to a current rate of $1,115 per ounce.
Read full article... Read full article...
Wednesday, November 11, 2009
Currency Markets Steady Ahead of U.S. Initial Jobless Claims Report / Currencies / Forex Trading
By: ForexPros
The US Department of Labor will release the weekly Initial Jobless Claims report tomorrow (NOV 12).
The report serves as a measure of the number of people who file for unemployment benefits for the first time during the given week, and gives an indication to the health of the job market, as increases indicates that there are fewer people being hired.
While this measure tends to be volatile, analysts predict no change since last week’s measure of 512.00k.
Tuesday, November 10, 2009
Currency Traders Await Release of Bank of England's (BOE) Quarterly Inflation Report / Currencies / Forex Trading
By: ForexPros
The report sets out a detailed economic analysis and inflation projection on which the Bank's Monetary Policy Committee bases its interest rate decisions. The Monetary Policy Committee is also expected to present an assessment of the prospects for UK inflation over the next two years.Read full article... Read full article...
Friday, November 06, 2009
EUR/USD Bulls’ Unease After Key Reversal Week / Currencies / Forex Trading
By: Seven_Days_Ahead
Bulls are on the alert after a recent potential reversal signal on the Weekly chart. But so far not enough has been done on the downside to fully persuade the bears, and the jury is still out, deliberating.
Wednesday, November 04, 2009
U.S. Dollar Still Looks Weak in the Short-term / Currencies / Forex Trading
By: LiveCharts
With unemployment still at historic highs and the state of the economy still fragile, most top economists expect Federal Reserve Chairman Ben Bernanke to announce Wednesday (November 4) afternoon that the Central Bank is keep its key interest rate at its current low point.
Read full article... Read full article...
Wednesday, November 04, 2009
Currency Markets Wait on Initial Jobless Claims Report / Currencies / Forex Trading
By: ForexPros
Initial Jobless Claims to Be Published in the US Tomorrow.
The Initial Jobless Claims is a measure of the number of people who file for unemployment benefits for the first time during the given week. This data is collected by the Department of Labor, and published as a weekly report.
The number of jobless claims is used as a measure of the health of the job market, as a series of increases indicates that there are fewer people being hired.
Tuesday, November 03, 2009
U.S. Dollar Looks Ahead to the FOMC Interest Rate Decision / Currencies / Forex Trading
By: ForexPros
The Federal Open Market Committee (FOMC) decision on short term interest rate is due out tomorrow (Nov 4).
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.
Monday, November 02, 2009
Sterling Traders Await Release of Nationwide Consumer Confidence Report / Currencies / Forex Trading
By: ForexPros
UK traders await the release of the Nationwide Consumer Confidence report tomorrow (Nov 3rd) - The report is calculated from a survey of about 1,000 consumers, and 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.
Read full article... Read full article...
Thursday, October 29, 2009
Currency Traders Await Japan Interest Rates Decision / Currencies / Forex Trading
By: ForexPros
Traders await tomorrow’s announcement (Oct 30) by the Bank of Japan’s Monetary Policy Committee (MPC) on the new monthly short term interest rate.
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.
Wednesday, October 28, 2009
U.S. Dollar Trend Awaits Labor Initial Jobless Claims / Currencies / Forex Trading
By: ForexPros
The U.S. Department of Labor will publish the weekly Initial Jobless Claims report tomorrow (Oct 29).
The report is a measure of the number of people who file for unemployment benefits for the first time during the given week. This data is collected by the Department of Labor, and published as a weekly report.
Tuesday, October 27, 2009
U.S. Dollar Further Positive Developments on the Forex Markets / Currencies / Forex Trading
By: ForexPros
The U.S. Census Bureau will publish the Monthly Core Durable Goods Orders report tomorrow (Oct 27th ). The report 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.
Monday, October 26, 2009
U.S. Dollar Slowly Firming Against Japanese Yen and Euro / Currencies / Forex Trading
By: ForexPros
The National Australia Bank (NAB) will publish its Quarterly Business Confidence report tomorrow (OCT 27).
The report measures the current business conditions in Australia by analyzing the economic situation in the short term.
Thursday, October 22, 2009
The Next Currency to Crash / Currencies / Forex Trading
By: DailyWealth
Dr. Steve Sjuggerud writes: "What's your slam-dunk currency trade right now?"
I asked my friend Jack that question earlier this week...
Tuesday, October 20, 2009
Currency Market Sees No Motive in Buying U.S. Dollars as Risk Appetite Increases / Currencies / Forex Trading
By: Ashraf_Laidi
G7 finance ministers and central bankers ought to realize that their USD-supporting rhetoric (Bernanke, Lagarde and Trichet) will be devalued by a currency market that sees no motive in buying the greenback as long as improved risk appetite continues to shore up a USD-driven global liquidity. With US earnings beating estimates and the "commodity central banks" not mincing their words about tightening liquidity, the only viable way for US policy makers to stabilize the USD is to start withdrawing liquidity...rather than talk about when is a good time to do it.
Read full article... Read full article...
Tuesday, October 20, 2009
Currency Trading for 20th October 2009 / Currencies / Forex Trading
By: ForexPros
Tomorrow (Oct 21) The Bank of England's (BOE) Monetary Policy Committee (MPC) will publish its record of the committee's interest rate meeting held two weeks ago.
The meeting gives a picture of economic conditions in the UK, and 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, October 19, 2009
U.S. Dollar Awaits Fed's Speech Blitz / Currencies / Forex Trading
By: Ashraf_Laidi
The week's upcoming blitz of Fed speeches starts with Bernanke's speech about Asia and the crisis (15:00 GMT). All voting members at this year's FOMC are due to speak this week, with the exception of Board Governor Duke and Atlanta Fed's Lockhart. As the dollar accelerates its decline, FX markets are increasingly aware that short of any USD-supporting remarks from non-US policy makers, effective USD stabilization would have to emerge from Fed's managing of inflation expectations (translation: signalling intentions to begin withdrawing excess liquidity by saying it will raise rates when the time is right).
Read full article... Read full article...