Popular Posts

Forex News»

Opinions»

USD/JPY – Trading the US ISM Manufacturing PMI

USD/JPY – Trading the US ISM Manufacturing PMI

Sep 2, 2014 09:45
ISM 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...

Majors»

GBP/USD Forecast Sep. 1-5

GBP/USD Forecast Sep. 1-5

Aug 31, 2014 12:50
The British pound remained on low ground, licking its wounds. The new month offers a very busy calendar, with the rate decision and PMIs standing out. Can cable recover? Here...
  • USD/JPY Forecast Sep. 1-5
    USD/JPY Forecast Sep. 1-5
    USD/JPY remained on high ground in the last week of summer. As traders return, the main event this week is the...
    on Aug 31, 2014 11:00
  • EUR/USD Forecast Sep. 1-5
    EUR/USD Forecast Sep. 1-5
    EUR/USD started the week lower and could never recover. Expectations are higher for new policy measures from the...
    on Aug 30, 2014 15:00
  • Forex Weekly Outlook September 1-5
    Forex Weekly Outlook September 1-5
    The euro was the big loser in a week that otherwise saw some profit taking on dollar longs. The first week of September...
    on Aug 29, 2014 17:21

Minors»

AUD/USD Forecast Sep. 1-5

AUD/USD Forecast Sep. 1-5

Aug 31, 2014 12:30
AUD/USD showed a lot of strength, resisting the greenback and eventually moving higher. Can this continue without a response from the RBA? The rate decision and GDP are the...
  • NZD/USD Forecast Sep. 1-5
    NZD/USD Forecast Sep. 1-5
    The New Zealand dollar had another heavy week due to the greenback’s strength and the big trade deficit...
    on Aug 31, 2014 11:30
  • USD/CAD Forecast Aug. 25-29
    USD/CAD Forecast Aug. 25-29
    USD/CAD came close to the 1.10 line, but  then retracted and showed little change over the week. This week’s...
    on Aug 24, 2014 19:43
  • NZD/USD Forecast Aug. 25-29
    NZD/USD Forecast Aug. 25-29
    The New Zealand dollar continued struggling and dipped below 0.84. The calendar builds up with trade balance...
    on Aug 24, 2014 11:33

Basics & Industry»

The Advantages of Using a PAMM Account

The Advantages of Using a PAMM Account

Sep 1, 2014 09:00
You may have heard about PAMM accounts for forex trading, and might have wondered what they are. In essence, a PAMM account allows one trader – the manager – to make trades...

Recent Articles

Market Movers Episode #13: September’s big market movers from the US, Europe and others, and one rule of thumb

Market Movers Episode #13: September’s big market movers from the US, Europe and others, and one rule of thumb

In this episode, we preview the big events that are expected to rock markets in September: Non-Farm Payrolls, the Fed decision, the highly anticipated ECB drama and quite a few other releases that move currencies and commodities. The episode begins with a quick rule of thumb about money management that is always relevant. Welcome to a new

UK Construction PMI rises to 64 points – GBP/USD unexcited

UK Construction PMI rises to 64 points – GBP/USD unexcited

The British construction sector is still steaming ahead on all engines: the construction PMI rose to 64 points, significantly better than expected. GBP/USD is recovering but not really rallying. Update: cable is fading the better than expected read and is now sliding below 1.6570. Markit was expected to report a slide in the purchasing managers’ index

Dollar gains traction

Dollar gains traction

The dollar is creeping higher once again this morning as it hit a new 12 month high overnight with the trend higher looking day by day to become more entrenched. The Aussie dollar has been one to suffer the most following last night’s RBA rate decision which saw the central bank keep it interest rate

USD/JPY – Trading the US ISM Manufacturing PMI

USD/JPY – Trading the US ISM Manufacturing PMI

ISM 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 the US. A reading which is higher than the market forecast is bullish for the dollar. Here are all the details, and 5 possible

EUR/USD Sep. 2 – Escapes the lows as the US gets back in the game

EUR/USD Sep. 2 – Escapes the lows as the US gets back in the game

EUR/USD dipped just a bit lower and touched a new low of .13113 before returning a bit higher, but it is still marking a lower high. As US traders return to the scene, tensions are mounting both in Ukraine and regarding the ECB meeting on Thursday. In the former, NATO is gearing up in Eastern Europe and

GBP/USD: Trading the British Services PMI

GBP/USD: Trading the British Services PMI

British Services PMI is based on a survey of Purchasing Managers in the services industry. The survey asks respondents for their view of a wide range of business conditions, including employment, new orders, prices and inventories. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5

AUD/USD remains on low ground after the Australian rate decision

AUD/USD remains on low ground after the Australian rate decision

The Reserve Bank of Australia left the interest rate unchanged at 2.50% for the 13th time, as widely expected. Stevens and co. repeated the stance that the “Australian dollar remains above most estimates of its fundamental value”, but this was basically nothing new. The Australian dollar was already hit by a USD rally beforehand, and these

Could September be a trend changer for the forex markets?

Could September be a trend changer for the forex markets?

September is the month when institutional investors traditionally return to their desks following their summer breaks and it’s also a month when trends can change as they make a fresh assessment of the markets. On the face of it equities probably look the most vulnerable to a reassessment. They’ve had a fabulous multi-year bull market

Market Overview September 1-5

Market Overview September 1-5

USD: The U.S. Dollar opened mixed in Asian trading this morning, trading higher against the Euro, the Yen and the Swiss Franc but losing ground against Sterling, the Aussie, the Kiwi and the Loonie, with the U.S. Dollar Index trading up +0.038 or +0.05% to 82.7860.  Traders are looking ahead for rate decisions from four

GBPJPY: Strengthens, Eyes The 174.00 Level

GBPJPY: Strengthens, Eyes The 174.00 Level

GBPJPY – With GBPJPY extending its Friday strength, further bullishness is envisaged. On further gains, resistance lies at the 173.50 level followed by the 174.21 level where a break will aim at the 175.50 level. A cut through here will open the door for more downside towards the 176.00 level. Its daily RSI is bullish

What’s next for EUR/USD and GBP/USD? Elliott Wave Analysis

What’s next for EUR/USD and GBP/USD? Elliott Wave Analysis

The USD has extended its gains from last week with EURUSD touching 1.3116. CHF and JPY were also weak against the buck, while AUD, CAD and GBP made some recovery. So generally speaking, we have a mixed USD picture, but larger trends are clear; The US dollar is in bullish mode so any pullbacks within