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AUD/USD: Trading the Chinese Flash Manufacturing PMI

AUD/USD: Trading the Chinese Flash Manufacturing PMI

Jul 22, 2014 23:08
Chinese Flash Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their...

Majors»

GBP/USD Forecast July 21-25

GBP/USD Forecast July 21-25

Jul 20, 2014 17:12
GBP/USD showed slight losses for a second straight week as the pair slipped below the 1.71 line, closing at 1.7081. This week’s highlights are Retail Sales and...
  • USD/JPY Forecast July 21-25
    USD/JPY Forecast July 21-25
    USD/JPY traded within the known ranges once again. Inflation numbers and the trade balance are in the limelight. Here...
    on Jul 20, 2014 14:49
  • EUR/USD Forecast July 21-25
    EUR/USD Forecast July 21-25
    EUR/USD lost ground in a week that saw the odds turn against it. The Bundesbank Monthly Report, Manufacturing...
    on Jul 19, 2014 15:00
  • Forex Weekly Outlook July 21-25
    Forex Weekly Outlook July 21-25
    The dollar and the yen advanced as geo-political issues grabbed the headlines towards the end of the week. US housing...
    on Jul 18, 2014 16:08

Minors»

AUD/USD Forecast July 21-25

AUD/USD Forecast July 21-25

Jul 20, 2014 14:14
AUD/USD was unchanged for a second straight week, as the pair closed at 0.9382. This week’s highlight is CPI. Here is an outlook on the major market-movers and an updated...
  • USD/CAD Forecast July 21-25
    USD/CAD Forecast July 21-25
    USD/CAD was unchanged at the end of the week, closing at 1.0732. The upcoming week is very quiet, with just...
    on Jul 20, 2014 12:01
  • NZD/USD Forecast July 21-25
    NZD/USD Forecast July 21-25
    The New Zealand dollar dropped from the highs and basically marked a double top. The focus this week is clearly...
    on Jul 20, 2014 11:24
  • AUD/USD Forecast July 14-18
    AUD/USD Forecast July 14-18
    AUD/USD was almost unchanged last week, as the pair closed at 0.9352. This week’s highlight is the RBA Monetary...
    on Jul 13, 2014 17:41

Basics & Industry»

How ‘not to trade’ breakouts

How ‘not to trade’ breakouts

Jul 22, 2014 08:55
Breakouts are classic price patterns that traders have been using for years to make profitable trades. Breakouts work so well because they indicate a market that has started...
  • Can we rely on all regulated Forex brokers?
    Can we rely on all regulated Forex brokers?
    There is one word that a lot of the world’s population associates with the financial world. That word is ‘greed’....
    on Jul 17, 2014 12:20
  • 7 Questions to ask before each trade
    7 Questions to ask before each trade
    Forex traders typically have a plan of action before they play the markets and putting a plan into practice is...
    on Jul 17, 2014 08:47
  • How to Trade What You See
    How to Trade What You See
    There is one constant message that is drummed into every forex trader – trade based on logic, not emotions. Unless...
    on Jul 15, 2014 08:53

Recent Articles

AUD/USD: Trading the Chinese Flash Manufacturing PMI

AUD/USD: Trading the Chinese Flash Manufacturing PMI

Chinese Flash Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in China. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible

US Existing home sales cross 5 million in June – EUR/USD remains pressured

US Existing home sales cross 5 million in June – EUR/USD remains pressured

In terms of deals, the housing sector continues strengthening: an annualized level of 5.04 million existing home sales in June, a rise of 2.6%. The annual level of existing home sales was expected to stand at 4.98 million in June after 4.89 million in May (before revisions). The level is the highest in 8 months. Towards the release,

CPI Data Gives Fed Some Breathing Room

CPI Data Gives Fed Some Breathing Room

Risk sentiment has managed to find a foothold this morning, despite little diplomatic progress being made in either the Ukraine or Gaza conflicts.  Further Palestinian casualties as a result of continued bombing by the Israelis on the Gaza strip has brought the Palestinian civilian death toll close to 600, while reports this morning suggest that

US Core CPI slips in June – USD slightly lower, except for EUR/USD

US Core CPI slips in June – USD slightly lower, except for EUR/USD

US core CPI came out at 1.9% y/y and +0.1% m/m, a bit lower than expected. Headline CPI rose 2.1% y/y and 0.3% m/m, bang on expectations. The US was expected to report no in change in the an annual inflation level: 2.1% (headline CPI) or 0.3% month over month in June after 0.4% in May.

EUR/USD: Trading the Existing Home Sales

EUR/USD: Trading the Existing Home Sales

Existing Home Sales report is a leading indicator of housing activity. The indicator is released on a monthly basis, and helps analysts track consumer spending. A higher reading than that expected by the market is bullish for the dollar. Update: the actual number is 5.04 million, above expectations, EUR/USD slides. Here are all the details, and

EUR/USD July 22 – Dips Below 1.35 on Tensions in Ukraine, Gaza

EUR/USD July 22 – Dips Below 1.35 on Tensions in Ukraine, Gaza

EUR/USD has lost ground on Tuesday, as the pair has again broken below the 1.35 line. Will the pair consolidate below this level? Continuing violence in Gaza and Ukraine has lent support to the safe-haven US dollar. On the release front, it’s a busy day in the US, highlighted by Core CPI and Existing Home Sales. There are no

Fed cannot stop the stock market; ECB would feel relaxed with EUR/USD at 1.20

Fed cannot stop the stock market; ECB would feel relaxed with EUR/USD at 1.20

Stock markets pay little attention to what central bankers have to say, and this also applies to the “stretched valuations” comment heard from the Fed lately, says Simon Smith of FxPro. He explains how this comments counteracts the impact of QE, if it does have influence after all. In the interview below, Smith also talks

EUR/USD loses 1.35 – Is this the real break?

EUR/USD loses 1.35 – Is this the real break?

EUR/USD breaks below 1.35 for the second time in 3 trading days. The last move (explained here) ended in 1.3490 and the pair is now below this level, at 1.3487. We often see an initial false break followed by the real thing. However, EUR/USD has been stubborn, especially when it is going down. Geo-politics continue to dominate

Dollar sensitivity

Dollar sensitivity

The bigger risk events for currency markets fall into the latter half of the week, meaning that for now majors are constrained to relatively tight ranges with little impetus to breakout either side. The most notable move overnight has been with the Aussie. There were some fears that the RBA Governor Stevens could be more

EURUSD: Risk Points Higher On Recovery

EURUSD: Risk Points Higher On Recovery

EURUSD: Despite its price hesitation on Monday, further upside is expected in the days ahead. Support lies at the 1.3500 level where a break will expose the 1.3450 level. Below here will pave the way for a move lower towards the 1.3400 level. If this continues, expect further downside to occur towards the 1.3350 level.