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USD/CAD: Trading the Canadian GDP

USD/CAD: Trading the Canadian GDP

Jul 30, 2014 13:16
Canadian GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is...

Majors»

GBP/USD Forecast July 28-Aug.1

GBP/USD Forecast July 28-Aug.1

Jul 27, 2014 19:56
GBP/USD took a tumble last week, as the pound coughed up over a 100 points and slipped below the 1.70 level. The pair closed the week at 1.6964. This week’s...
  • USD/JPY Forecast Jul. 28 – Aug. 1
    USD/JPY Forecast Jul. 28 – Aug. 1
    USD/JPY rose from the lows approaching the well known 102 line once again in a week that saw lots of dollar strength....
    on Jul 27, 2014 12:25
  • EUR/USD Forecast Jul 28-Aug 1
    EUR/USD Forecast Jul 28-Aug 1
    EUR/USD lost ground for another week and reached levels last seen in November 2013. Will it continue lower? Inflation...
    on Jul 26, 2014 15:00
  • Forex Weekly Outlook Jul. 28 – Aug. 1
    Forex Weekly Outlook Jul. 28 – Aug. 1
    The US dollar advanced nicely in a week that saw mixed data. A triplet of top tier US events dominates the scene:...
    on Jul 25, 2014 19:59

Minors»

NZD/USD Forecast Jul. 28 – Aug. 1

NZD/USD Forecast Jul. 28 – Aug. 1

Jul 28, 2014 18:24
The New Zealand dollar was hit hard despite a rate hike. Where will it find a bottom? As the calendar is light, the kiwi is likely to continue digesting the words coming...
  • AUD/USD Forecast July 28-Aug. 1
    AUD/USD Forecast July 28-Aug. 1
    AUD/USD was unchanged for a third consecutive week, as the pair closed at 0.9384. This week’s highlight are...
    on Jul 27, 2014 14:53
  • USD/CAD Forecast July 28-Aug. 1
    USD/CAD Forecast July 28-Aug. 1
    The Canadian dollar sagged on Friday, as USD/CAD pushed above the 1.08 level, closing at 1.0803. On the release...
    on Jul 27, 2014 14:09
  • AUD/USD Forecast July 21-25
    AUD/USD Forecast July 21-25
    AUD/USD was unchanged for a second straight week, as the pair closed at 0.9382. This week’s highlight is...
    on Jul 20, 2014 14:14

Basics & Industry»

MetaTrader Market in numbers [infographic]

MetaTrader Market in numbers [infographic]

Jul 30, 2014 13:17
MetaTrader Market was launched back in February 2012 and has grown quite nicely since then. The infographic below, courtesy of MetaQuotes, gives us some idea about the number...

Recent Articles

Market Movers Podcast Test Episode #9: where inflation is hiding and a preview for the top-tier movers

Market Movers Podcast Test Episode #9: where inflation is hiding and a preview for the top-tier movers

Here is another test episode of Market Movers, presented by Lior Cohen of Trading NRG and Yohay Elam of Forex Crunch. As you can see from the title, we are still in a testing period. You are welcome to listen, subscribe and provide feedback. In today’s episode, we focus on the US, divided into two parts: Where

Why the dollar corrected on the Fed [Videos]

Why the dollar corrected on the Fed [Videos]

We had an exciting day in currency markets, with the dollar steaming forward on the impressive GDP number but making the much desired correction on the Fed decision. Why did the dollar correct? What are the lines in the major currency pairs? Valeria Bednarik of FXStreet and I covered the event live. Here are the videos

AUD/USD is saved from losing 0.93 thanks to the Fed

AUD/USD is saved from losing 0.93 thanks to the Fed

The Australian dollar dropped like all other currencies in the wake of the superb GDP growth report from the US. At 4% annualized vs. 3% expected, the greenback was on a roll. However, the Australian dollar’s resilience that we’ve seen of late continued very nicely in the second major US event of the day, and the

Taper 6: Fed less worried about inflation but dollar corrects lower

Taper 6: Fed less worried about inflation but dollar corrects lower

No surprises from the Federal Reserve: the tapered by $10 as expected. It maintained the “considerable” word. However, the Fed fears less about inflation. It also changed the wording on employment, saying there is still a “significant underutilization of labor resources“. All in all, the Fed maintained the dovish stance with a very minor shift

FOMC Live Coverage from 17:45 GMT

FOMC Live Coverage from 17:45 GMT

Valeria Bednarik, Mauricio Carrillo and I will cover the FOMC decision on Wednesday, July 30th, from 17:45 GMT, 15 minutes before the statement hits the press. We will go over the expectations, the statement, the implications and the action in the markets. Did the dollar bulls get ahead of themselves too much? Will the Fed shift gears towards tightening

State of the German economy – interview on Dukascopy TV

State of the German economy – interview on Dukascopy TV

I had the chance to be interviewed by Charlie Fooks on Dukascopy TV about the German economy. We discussed the state of inflation, expectations for the job market and also the sensitive topic of wages following the blessing of the Bundesbank for higher wages in Germany. Here is the video of the interview aired earlier in the

US GDP Data Ignites Risk Appetite

US GDP Data Ignites Risk Appetite

As to be expected on a day packed with event risk such as ADP employment, the advanced reading on Q2 GDP for the US, and the conclusion of the latest FOMC meeting, global equities traded with a cautious tone throughout the overnight session as market participants refuse to build positions too heavily in one direction

Forex Analysis: USD/JPY Advances Sharply after U.S. GDP Data

Forex Analysis: USD/JPY Advances Sharply after U.S. GDP Data

July 30, 2014 – USD/JPY (daily chart) has advanced sharply within its prolonged trading range to reach and tentatively breach its 200-day moving average after the release of better-than-expected U.S. GDP data on Wednesday. This rise extends a steady advance for the past two weeks from a low just above 101.00 in mid-July. Since the

US Q2 GDP: 4% and Q1 revised higher – Dollar soars on excellent news

US Q2 GDP: 4% and Q1 revised higher – Dollar soars on excellent news

Great news from the US: the economy grew by 4% in Q2 (annualized). In addition, Q1 was revised to the upside: only 2.1% contraction. Markets had expected a growth rate of 3% (annualized), reflecting a bounce from a 2.9% contraction rate in Q1. It is important to note that revisions to past figures are also presented now,

ADP Non-Farm Payrolls 218K – below expectations

ADP Non-Farm Payrolls 218K – below expectations

Not all is well in the US job market: ADP Non-Farm Payrolls stands at 218K in July, below expected. Automatic Data Processing was expected to show a gain of 230K private sector during the month of July. There has been a stronger correlation between the ADP number and the NFP private sector figure in recent months.