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USD/CAD: Trading the Canadian Wholesales Sales

USD/CAD: Trading the Canadian Wholesales Sales

Aug 19, 2014 14:50
Canadian Wholesale Sales is an important gauge of consumer spending, which is a critical component of economic growth. A reading which is higher than expected is bullish for...

Majors»

GBP/USD Forecast Aug. 18-22

GBP/USD Forecast Aug. 18-22

Aug 17, 2014 20:17
The British pound lost close to a cent last week, as GBP/USD continues to weaken. The pair close the week at 1.6687. This week’s major events are CPI and Retail Sales. Here...
  • USD/JPY Forecast Aug. 18-22
    USD/JPY Forecast Aug. 18-22
    USD/JPY floated around the 102 magnet yet again. When will the pair pick a direction?. Trade balance is the main...
    on Aug 17, 2014 11:27
  • EUR/USD Forecast August 18-22
    EUR/USD Forecast August 18-22
    EUR/USD saw a new slide once again. but did not really make a substantial move. The focus is on the PMIs and on...
    on Aug 16, 2014 15:00
  • Forex Weekly Outlook August 18-22
    Forex Weekly Outlook August 18-22
    The US dollar was able to advance against the major currencies but retreated against commodity currencies in a...
    on Aug 15, 2014 16:57

Minors»

USD/CAD Forecast Aug. 18-22

USD/CAD Forecast Aug. 18-22

Aug 17, 2014 16:46
The Canadian dollar improved last week, as USD/CAD closed just below the 1.09 level. This week’s highlights are Wholesale Sales, Core CPI and Core Retail Sales. Here...
  • AUD/USD Forecast Aug. 18-22
    AUD/USD Forecast Aug. 18-22
    For a second straight week, AUD/USD showed little movement, as the pair closed at 0.9316. This week’s major...
    on Aug 17, 2014 10:54
  • AUD/USD Forecast Aug. 11-15
    AUD/USD Forecast Aug. 11-15
    AUD/USD was almost unchanged last week, as the pair closed at 0.9271. This week’s highlight is NAB Business...
    on Aug 10, 2014 16:35
  • NZD/USD Forecast Aug. 11-15
    NZD/USD Forecast Aug. 11-15
    The New Zealand dollar was not able to enjoy the drop in unemployment as the underlying currents did not play...
    on Aug 10, 2014 12:07

Basics & Industry»

How to Avoid Recency Bias

How to Avoid Recency Bias

Aug 20, 2014 08:23
One of the biggest enemies that any trader has is recency bias. This is the phenomenon that occurs when we pay more attention to things that have happened recently than to...

Recent Articles

Market Movers Podcast Episode #11: Japanese economy past and present, Pound round up

Market Movers Podcast Episode #11: Japanese economy past and present, Pound round up

Welcome to a new episode of Market Movers, presented by Lior Cohen of Trading NRG and Yohay Elam of Forex Crunch.You are welcome to listen, subscribe and provide feedback. In today’s episode, we focus on the Japan, in two parts, and then also discuss the pound’s round trip and current events: Japan’s fall and rise?: How did Japan

MPC Meeting Minutes Split 7:2 – GBP/USD leaps

MPC Meeting Minutes Split 7:2 – GBP/USD leaps

Two dissenters in the MPC: Martin Weale and Ian McCafferty voted for a rate hike. The 7:2 vote in the 9 strong Monetary Policy is a big change: it is the first time that somebody votes against Governor Mark Carney. This vote raises the chances of an early rate hike, perhaps as early as November.

EUR/USD dips to an 11 month low below 1.33

EUR/USD dips to an 11 month low below 1.33

There’s no mercy for the common currency under the dollar rally: the November 2013 low has been broken and the pair now trades at the lowest since September 2013, at 1.3292 so far. Update: 1.3284 is the new low. It is forming as a break, not only a dip. The last straw in the euro’s back

Dollar on a roll: breaks against all currencies

Dollar on a roll: breaks against all currencies

The dollar is making strong moves across the board, breaking monthly records and multi-month records against various currencies. Are the markets gearing for a hawkish tone in the FOMC Meeting Minutes? Are they expecting he usually dovish Yellen to express a hawkish tone in Jackson Hole? Are yesterday’s strong housing numbers still having such a strong impact?

USDCAD: Sees Recovery Momentum

USDCAD: Sees Recovery Momentum

USDCAD: With USDCAD rallying strongly the past week, further bullishness is expected in the days ahead. On the upside, resistance is seen at the 1.0970 level followed by the 1.1000 level. Further out, resistance comes in at the 1.1050 level where a reversal of roles is expected to occur and turn it lower. But if

How to Avoid Recency Bias

How to Avoid Recency Bias

One of the biggest enemies that any trader has is recency bias. This is the phenomenon that occurs when we pay more attention to things that have happened recently than to things that have happened in the past. This is natural human behavior, but it leads to bad trading decisions. A simple example of this

Dollar Makes 11 Month High on Upbeat U.S. Housing Market Data

Dollar Makes 11 Month High on Upbeat U.S. Housing Market Data

The U.S. Dollar soared to hit an 11 month high against other major currencies this morning, after the U.S. Commerce Department released positive Building Permits and Housing Starts numbers. Building Permits increased +8.1 percent to 1.052 million units, versus June’s number of only 973,000 units. Market analysts had only expected a +2.5% rise in July

Optimistic Housing Stats Lift Equity Futures

Optimistic Housing Stats Lift Equity Futures

Price action in financial markets this morning suggests that no bad news surrounding geopolitical developments is viewed as good news by market participants, with global equities showcasing a decent bid tone on the absence of any drastic overnight headlines from the geopolitical hotspots.  While there has been some progress on allowing the delivery of Russian humanitarian aid

USD/CAD: Trading the Canadian Wholesales Sales

USD/CAD: Trading the Canadian Wholesales Sales

Canadian Wholesale Sales is an important gauge of consumer spending, which is a critical component of economic growth. A reading which is higher than expected is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Wednesday at 12:30 GMT. Indicator Background Wholesales Sales is a key

New 9 month low for EUR/USD following US housing data

New 9 month low for EUR/USD following US housing data

The good news from the US housing sector sends the dollar higher and EUR/USD tumbles below the previous support line of 1.3333. more coming The low so far is 1.3325, exactly at an old support line, before 1.3333 was established as a bottom in August.  Update: this line is gone as well. The current new low

US housing data shines, inflation as expected – USD higher

US housing data shines, inflation as expected – USD higher

US housing starts jump to 1.093 million (annualized), a jump of 15.7%. Buildign permits leap to 1.052 million, much better than 1 million expected and a rise of 8.1%. Inflation comes out at 2%, core inflation at 1.9%, exactly as expected. . Update: EUR/USD falls to a new 9 month low  Before the publication, the