Video Weekly Outlook – Dollar Strength to Continue

Posted on February 9, 2010
Filed Under Forex News | Leave a Comment

In the weekly forex outlook on Forex TV, I spoke with Julie Sinha about the continuing dollar strength, the position of the kiwi dollar and the calendar, following the dollar’s storm last week, which came to a peak after the nonfarm payrolls. Enjoy the video!

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Forex Daily Outlook – February 9th 2010

Posted on February 9, 2010
Filed Under Daily Forex Forecast | Leave a Comment

The week is warming up with a busier calendar today. Let’s see what’s awaiting us.

Britain starts the day early with two interesting indicators: the BRC Retail Sales Monitor will supply an early indication to retail sales, while the RICS House Price Balance is expected to be weaker than last month, showing a drop in the places where the prices of homes are rising.

Later in Britain, Trade Balance is predicted to show a smaller deficit, 6.6 billion instead of 6.8. For more on the British Pound, read the GBP/USD forecast. Read more

Thomson Reuters Widgets on Currensee

Posted on February 8, 2010
Filed Under Forex Opinions, Forex Software | Leave a Comment

Just last week I’ve introduced the Tweet My Trades feature, and there’s already a new and interesting announcement: 3 widgets from Thomson Reuters are now available to Currensee members.

The 3 new widgets can be purchased by Currensee members, and they offer information. Trading Desk contains trading ideas with stop loss and take profit points among other figures. Squawk Box shows fundamental and technical articles with Reuters’ unique views.

The third is Order Board, which I find the most interesting one: it show points were significant stop orders can be found. This shows real time areas where the market will make strong moves.

The following video gives a good overview of the widgets. The official press release will follow:

Read more

Forex Daily Outlook – February 8th 2010

Posted on February 7, 2010
Filed Under Daily Forex Forecast | Leave a Comment

The weeks starts with a light calendar, as the echoes of Friday’s Non-Farm Payrolls are still heard. Let’s see what’s up for today.

In Switzerland, the Unemployment Rate is predicted to edge up from 4.2% to 4.3%. This is a late and usually unsurprising event. The more important event is Retail Sales. After rising by an annual rate of 0.6% last month, this rise is expected to double to 1.3%.

In Europe, the Sentix Investor Confidence will probably remain negative, at -2.3 points, but this will be better than last month. EUR/USD starts the week in a bad position. Casey Stubbs discusses the brutal market for EUR/USD with his 4 hour charts. For more on the upcoming events in Euroland, check out my EUR/USD forecast.

In Canada, Housing Starts are predicted to edge up from 175K to 180K, continuing the positive trend. Later, BOC Deputy Governor Pierre Duguay will make a public appearance and might also shake the loonie.

For more on USD/CAD, read the Canadian dollar forecast.

That’s it for today. There’s lots more later in the week. Check out the weekly forex forecast.

Happy forex trading!

Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.

Forex Weekly Outlook – February 8-12

Posted on February 6, 2010
Filed Under Forex Weekly Outlook Forecast | Leave a Comment

After one of the wildest weeks that we’ve seen in quite a while, the upcoming week seems more quiet, at least at the beginning. The echoes of the Non-Farm Payrolls will be heard during this time. Later on, some major market moving events are due. Here’s the outlook for the second week of February.

Finance ministers of the G7 nations are meeting in the remote Canadian town of Iqaluit and may release important comments that might impact the opening of the markets. The final remarks by US Treasury Secretary Timothy Geithner are of high importance. He’ll speak more than 24 hours before the markets open, so there will be enough time to digest his words. Let’s review the week’s events: Read more

EUR/USD Outlook – February 8-12

Posted on February 6, 2010
Filed Under EUR/USD Forecast | Leave a Comment

The Euro broke down once again, and lost key support this time. The upcoming week is full with events, culminating with the initial releases of GDP on Friday. Here’s an outlook for this week’s events, and an updated technical analysis for EUR/USD, with a look downwards.

EUR/USD chart with support and resistance lines marked on it. Click to enlarge:

Apart from the Euro’s own weakness, it was also hurt by American Non-Farm Payrolls, which seemed confusing at first, but then confirmed the break of the support line with the Euro diving down. Let’s start the review. The technical analysis will follow.

Read more

AUD/USD Outlook – February 8-12

Posted on February 6, 2010
Filed Under AUD/USD Forecast | Leave a Comment

Like other currencies, the Aussie surrendered to the dollar before and after the NFP. The upcoming week brings important employment figures among other events. Here’s an outlook for the events in Australia and an updated AUD/USD technical analysis.

AUD/USD chart with support and resistance lines marked on it. Click to enlarge:

The Aussie suffered from a disappointing rate decision. Glenn Stevens left the rates unchanged at 3.75%, weakening the Aussie, despite the good fundamentals of the Australian economy, with employment being strong. This week we’ll get fresh job data. Let’s start: Read more

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    Forex Crunch is a blog all about the foreign exchange market. It includes and will include: tutorials, basics of the forex market, daily and weekly forex analysis, technical analysis, forex software posts, and whatever is related to Forex. Forex Crunch aims to deal with forex trading, but with a more personal touch. More...

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