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GBP/USD: Trading The Philadelphia Fed Manufacturing Index

GBP/USD: Trading The Philadelphia Fed Manufacturing Index

Apr 17, 2014 13:34
The Philadelphia Fed Manufacturing Index is an important leading indicator, and is based on a survey of manufacturers in the Philadelphia area. It examines manufacturers’...

Majors»

Forex Weekly Outlook Apr. 21-25

Forex Weekly Outlook Apr. 21-25

Apr 18, 2014 18:12
The pound and the dollar emerged as winners in a week that saw the euro and the yen retreat. US housing data, the rate decision in New Zealand, German business sentiment,...
  • GBP/USD Outlook April 14-18
    GBP/USD Outlook April 14-18
    GBP/USD reversed directions last week and climbed 150 points. GBP/USD closed at 1.6728. This week’s highlights are CPI...
    on Apr 13, 2014 16:50
  • USD/JPY Forecast Apr. 14-18
    USD/JPY Forecast Apr. 14-18
    The Japanese yen made a big comeback on the lack of action from the BOJ. Back in the previous range, what is...
    on Apr 13, 2014 11:06
  • EUR/USD Forecast Apr 14-18
    EUR/USD Forecast Apr 14-18
    EUR/USD made an impressive comeback, breaking above the downtrend channel. Will the ECB talk the euro down, or...
    on Apr 12, 2014 15:00

Minors»

AUD/USD Outlook April 17-21

AUD/USD Outlook April 17-21

Apr 13, 2014 14:46
AUD/USD continues to shine, posting gains of about a cent last week. The pair closed just below the 0.94 line. This week’s highlight is the RBA Monetary Policy Meeting...
  • USD/CAD Outlook April 14-18
    USD/CAD Outlook April 14-18
    The Canadian dollar dropped below the 1.09 last week for the first time since January. However, it was unable...
    on Apr 13, 2014 11:54
  • NZD/USD Forecast Apr. 14-18
    NZD/USD Forecast Apr. 14-18
    The New Zealand dollar enjoyed the US dollar’s weakness to recover nicely and even break to new multi-year...
    on Apr 13, 2014 10:56
  • AUD/USD Forecast April 7-11
    AUD/USD Forecast April 7-11
    AUD/USD posted strong gains last week, climbing about 150 points. The pair closed at 0.9245. This week’s...
    on Apr 6, 2014 16:57

Basics & Industry»

MT4 on a Mac

MT4 on a Mac

Apr 15, 2014 16:12
If you’re a Forex trader and a Mac user then you might be limited when trying to find a broker with Mac compatible trading software. All web-based traders will of course...

Recent Articles

Forex Weekly Outlook Apr. 21-25

Forex Weekly Outlook Apr. 21-25

The pound and the dollar emerged as winners in a week that saw the euro and the yen retreat. US housing data, the rate decision in New Zealand, German business sentiment, US Durable Goods Orders and Unemployment Claims are the main highlights on Forex calendar. Here is an outlook on the market-movers for this week.

GBP/USD strongest since 2009, EUR/USD remains resilient

GBP/USD strongest since 2009, EUR/USD remains resilient

Sterling is on its front foot as the holiday shortened trading week draws to a close following better than expected UK employment statistics. Data released Wednesday showed that the unemployment rate in the UK bested the consensus forecast of 7.1%, declining to 6.9% in March; its lowest reading in almost 5-years. Previous to this data

EURUSD flat markets ahead of easter, but gearing up for downward movement

EURUSD flat markets ahead of easter, but gearing up for downward movement

It seems the markets have taken pause ahead of the Easter break, there isn’t much activity across the currencies as most markets remain flat with the weekly candles showing indecision. These stale, low volatility markets can be frustrating for traders but it’s where you must demonstrate the highest levels of discipline. EURUSD very flat at

Yellen’s speech sends dollar down

Yellen’s speech sends dollar down

Dovish undertones in Federal Reserve Chair Yellen’s first monetary policy speech reverberated through markets and have led the dollar lower against its peers with the dollar index declining 0.25% at time of writing to 79.63.  Yellen renewed the Fed’s pledge to maintain an accommodative stance until such time that the central bank is confident that

Forex Markets Likely to Goad ECB into Action

Forex Markets Likely to Goad ECB into Action

Mario Draghi, the president of the European Central Bank, is probably one of the most effective central bankers when it comes to talking the markets in a particular direction – but if he wants a weaker EUR, action will have to back his words. Recently the ECB surprised forex markets with talk of unconventional monetary

Philly Fed Manufacturing Index jumps to 16.6 points – USD advances

Philly Fed Manufacturing Index jumps to 16.6 points – USD advances

More good news form the US: the Philly Fed Index jumps to 16.6 poitns. The US Philly Fed Manufacturing Index was expected to edge up from 9 to 9.6 points in April. This index carries a lot of weight because of its early publication: in the current month. For this specific release, it serves as

US jobless claims remain low at 304K

US jobless claims remain low at 304K

Positive news for the US: jobless claims remain at a low level of 304K. Continuing claims drop to 2.739 million. US weekly jobless claims were expected  to rise back up to 316K from the low level of 302K seen last week (revised down from 300K originally reported). The 4 week moving average dropped to 312K.

GBP/USD: Trading The Philadelphia Fed Manufacturing Index

GBP/USD: Trading The Philadelphia Fed Manufacturing Index

The Philadelphia Fed Manufacturing Index is an important leading indicator, and is based on a survey of manufacturers in the Philadelphia area. It examines manufacturers’ opinions of business activity, and helps provides a snapshot of the health of the manufacturing sector. A reading which exceeds the forecast is bullish for the British pound. Here are

How to trade forex like Jim Rogers

How to trade forex like Jim Rogers

Jim Rogers is a legendary trader/ investor who came to prominence in the early 1970’s when he set up the Quantum Fund alongside George Soros. The Quantum Fund is one of the best performing hedge funds of all time and it’s success allowed Rogers the luxury of being able to retire from Wall Street at

EUR/USD April 17 – Euro Firm After Yellen Comments

EUR/USD April 17 – Euro Firm After Yellen Comments

EUR/USD has moved higher on Thursday, as the euro continues to take advantage of dovish comments by Fed chair Janet Yellen on Wednesday. The pair is trading in the mid-1.38 range in the European session. Today’s sole Eurozone release, German PPI, declined last month, as Eurozone inflation indicators remain weak. In the US, we’ll get a look at