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GBP/USD: Trading the US Advance GDP

GBP/USD: Trading the US Advance GDP

Jul 29, 2014 18:12
US Advance Gross Domestic Product (GDP) is a key release and is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as...

Majors»

GBP/USD Forecast July 28-Aug.1

GBP/USD Forecast July 28-Aug.1

Jul 27, 2014 19:56
GBP/USD took a tumble last week, as the pound coughed up over a 100 points and slipped below the 1.70 level. The pair closed the week at 1.6964. This week’s...
  • USD/JPY Forecast Jul. 28 – Aug. 1
    USD/JPY Forecast Jul. 28 – Aug. 1
    USD/JPY rose from the lows approaching the well known 102 line once again in a week that saw lots of dollar strength....
    on Jul 27, 2014 12:25
  • EUR/USD Forecast Jul 28-Aug 1
    EUR/USD Forecast Jul 28-Aug 1
    EUR/USD lost ground for another week and reached levels last seen in November 2013. Will it continue lower? Inflation...
    on Jul 26, 2014 15:00
  • Forex Weekly Outlook Jul. 28 – Aug. 1
    Forex Weekly Outlook Jul. 28 – Aug. 1
    The US dollar advanced nicely in a week that saw mixed data. A triplet of top tier US events dominates the scene:...
    on Jul 25, 2014 19:59

Minors»

NZD/USD Forecast Jul. 28 – Aug. 1

NZD/USD Forecast Jul. 28 – Aug. 1

Jul 28, 2014 18:24
The New Zealand dollar was hit hard despite a rate hike. Where will it find a bottom? As the calendar is light, the kiwi is likely to continue digesting the words coming...
  • AUD/USD Forecast July 28-Aug. 1
    AUD/USD Forecast July 28-Aug. 1
    AUD/USD was unchanged for a third consecutive week, as the pair closed at 0.9384. This week’s highlight are...
    on Jul 27, 2014 14:53
  • USD/CAD Forecast July 28-Aug. 1
    USD/CAD Forecast July 28-Aug. 1
    The Canadian dollar sagged on Friday, as USD/CAD pushed above the 1.08 level, closing at 1.0803. On the release...
    on Jul 27, 2014 14:09
  • AUD/USD Forecast July 21-25
    AUD/USD Forecast July 21-25
    AUD/USD was unchanged for a second straight week, as the pair closed at 0.9382. This week’s highlight is...
    on Jul 20, 2014 14:14

Basics & Industry»

Price Action is Not a System

Price Action is Not a System

Jul 29, 2014 08:07
Many forex traders like well-defined guidelines when they trade. This is a key characteristic of many trading systems, which provide a rigidly defined set of rules and leave...

Recent Articles

Market Movers Podcast Test Episode #9: where inflation is hiding and a preview for the top-tier movers

Market Movers Podcast Test Episode #9: where inflation is hiding and a preview for the top-tier movers

Here is another test episode of Market Movers, presented by Lior Cohen of Trading NRG and Yohay Elam of Forex Crunch. As you can see from the title, we are still in a testing period. You are welcome to listen, subscribe and provide feedback. In today’s episode, we focus on the US, divided into two parts: Where

Half Year Forex Outlook [Video]

Half Year Forex Outlook [Video]

Just as it seemed the global financial system was finally beginning to show signs of stability, midway through 2014 a growing disparity in the policy decisions of the world’s central banks is creating tension and volatility is already off the bottom. Karl Schamotta, Director of FX Strategy and Structured Products at Cambridge Mercantile and his

EUR/USD < 1.34

EUR/USD < 1.34

EUR/USD is trading below 1.34. It finally happened after a struggle. The break awaits confirmation. The low so far is 1.3395. The release of inflation from the German states of Saxony and Hesse could have been the last trigger for the move: the former printed an annual rate of 0.8% in July in comparison with

Confidence data boosted dollar

Confidence data boosted dollar

Dollar bulls were given yet another boost yesterday as the US revealed better than expected consumer confidence data and the dollar index hit a fresh five and a half month high during the session.  Without wanting to sound like a broken record, it will still be the currency to focus on today as we get

Spain presents strong growth, weak inflation – EUR/USD holds on to 1.34. Just.

Spain presents strong growth, weak inflation – EUR/USD holds on to 1.34. Just.

The Spanish economy grew by a strong 0.6% in Q2, better than 0.5% expected and 0.4% in Q1. Year on year, the growth rate is 1.2%, better than 1.1% expected. However, inflation is weak: prices fell by 0.3%, significantly below 0.2% expected and 0.1% beforehand. Update: EUR/USD is below 1.34. EUR/USD manages to hold on to

Canadian dollar continues falling – USD/CAD back to previous range

Canadian dollar continues falling – USD/CAD back to previous range

The US dollar is on a roll and the Canadian dollar is unable to weather the storm. USD/CAD is trading around 1.0850, the highest level since June 18th. If we look at the daily chart, we can see that before Dollar/CAD began tumbling down in mid June, it traded in a higher range of 1.0810 to 1.0950

EUR/USD holding on to 1.34 – break or bounce?

EUR/USD holding on to 1.34 – break or bounce?

After hovering in range early in the week, the pair made another move down and so far it manages to cling onto support at 1.34. It completely erased the hammer pattern that began forming last week, and looks to hit new lows. The reports of new, severe sanctions against Russia joined the better than expected

GBP/USD: Trading the US Advance GDP

GBP/USD: Trading the US Advance GDP

US Advance Gross Domestic Product (GDP) is a key release and is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as one the most important indicators of economic activity. The Advance GDP is the first of three versions and has the most impact on the movement of GDP/USD.

EUR/GBP Cycle Window shows upward mobility

EUR/GBP Cycle Window shows upward mobility

Let us consider the chart below: what do we see? The chart shows the EUR/GBP pair carving a four-year cycle, from (03) July 2009 to (03) July 2013, with black (bullish) and red (bearish) lines joining the start of each July point; the movement shows the following characteristics: a) the fulcrum, at 0.85(xx), is also

CB Consumer Confidence jumps to 90.9 points – USD extends gains

CB Consumer Confidence jumps to 90.9 points – USD extends gains

Consumer confidence is on the rise and leaps to 90.9 points, above expectations. The Conference Board’s consumer confidence measure was predicted to tick up from 85.2 to 85.5 now in July. Update: last month’s number was now revised to 86.4 points. The dollar strengthened towards the publication, with EUR/USD trading just above 1.3410, GBP/USD under