Unemployment Claims Better Than Expected – Dollar Rises

Today’s Unemployment Claims in the USA were much better than expected – 492,000. It showed a significant drop from the numbers in the past few weeks, always above 550,000.
It was also much better the Forex market’s expectations that were at 575K. This surprise is a sweet candy just before  New Years.
This figure send the dollar upwards: [...]

Forex Daily Analysis – December 31st 2008

The last day of 2008 is here. Markets are becoming thinner and thinner, as New Years celebrations get closer.
Yesterday’s big news was the CB Consumer Confidence in the US, which is at a record low number of 38. Not only is it under 50 – which means contraction, it’s also well under the market’s expectations which [...]

Forex Daily Analysis – December 30th 2008

The Gaza conflict continues to dominate the news around the world: A ground offensive by Israel is due soon, after Hammas escalated rocket attacks.
The price of oil is certainly moved by the voilence in the middle east. WTI Crude now trades at $40, after reaching $43. Oil prices will shake even more if the Gaza [...]

Forex Daily Analysis – December 29th 2008

Trading in this short holiday week began with a drop in the rate of the USD.
It weakened against almost all the currencies. EUR/USD jumped to 1.4339, USD/JPY is flirting again with the 90 mark, and also the USD/CHF dropped to 1.0433.
The gains that the Swiss Franc made came despite of the KOF Economic Barometer that dropped [...]

EUR/GBP at Parity Very Soon

The EUR/GBP cross currency pair is getting stronger for already 6 weeks. Since November 12th, it broke a resistance line at 0.82. Before that, it was trading in a narrow range between 0.77 and 0.81.
Since November 12th, it has one direction: up. While the economic crisis weakened the US dollar against the all currencies, the [...]

Forex Weekly Outlook – December 29th 2008 – January 2nd 2009

This week, is still a holiday week. The year is changing Wednesday night. Januray 1st is a holiday, and the volume is usually low at this time of the year.
But this time, the flames in the middle east are looming over the forex traders. The violent conflict in Gaza, that broke out 36 hours ago [...]

Gaza War Widens just before Forex Trade Resumes

The conflict in the Gaza strip widens. Israel began moving tanks and infantry towards the Gaza strip. In addition, the Israeli government announced that over 6,000 reserve soldiers will be drafted for fighting in Gaza.
The military collision that began yesterday is currently remote: Israeli airforce striked Hammas posts, and Hammas launched rockets as far as [...]

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    Forex Crunch is a blog all about the foreign exchange market. It includes and will include: tutorials, basics of the forex market, daily and weekly forex analysis, technical analysis, forex software posts, and whatever is related to Forex. Forex Crunch aims to deal with forex trading, but with a more personal touch. More...

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