About Page Updated
As Forex Crunch grows in the frequency of posts and amount of readers, I thought it’s time for an update in the About page. There are some words about the blog, the writer and how to contact. Have a great weekend!
NZD/USD Broke Support Line – What’s next?
NZD/USD currency pair broke the support line of 0.5150. I’m following up on a post NZD/USD on the Edge that was written prior to this break, and after the huge interest cut of 1.5%. It came after the Building Consents squeezed by 6%. The fall of the New Zealand dollar was also helped by remarks by [...]
Forex Daily Analysis – January 30th 2009
The last day of January provides lots of economic indicators everywhere. The main event of the day is the Advance GDP in the US, which is expected to fall by a huge 5.4%. In Japan, much data is released: the yearly Household Spending is expected to drop by 3.6%. The Tokyo Core CPI is expected to rise by [...]
New Home Sales Fall Badly
The New Home Sales figure in the US has dropped significantly, to only 331K, much lower than 395K that was expected. This is a terrible figure that shows that the American economy has almost come to a halt. A stimulus plan is necessary, now more than ever. In the immediate trading after the release, the dollar [...]
Forex Daily Analysis – January 29th 2009
There’s no anti climax after yesterday’s FOMC statement. Lots of economic indicators are due today across the globe, including Britain’s monthly Nationwide HPI, Core Durable Goods Orders and New Home Sales in the US among others. FOMC Statement Insight The Federal Reserve left interest rates at 0.25% as expected, but managed to move the markets. They said that [...]
NZD/USD on the Edge
The New Zealand dollar got two major blows this evening: A big rate cut and a bad Trade Balance. Looking at forex charts, NZD/USD is on the edge of major support line. Breaking it could show the way for deep plunge. First, RBNZ cut the interest rate by 1.5%! This dramatic cut was more than [...]
Absolute Zero or a Non Event?
Today’s rate decision in the US is considered by many as a “non event”. Rates are at a historic low, and the only thing that the Federal Reserve can supply is an announcement about buying more date US Treasuries. Or can it fall to the absolute zero? Here are some interesting opinions: Kathy Lien says that [...]
Forex Daily Analysis – January 28 2009
Wednesday, January 28th, features a rate decision by the Federal Reserve. A cur isn’t expected, but the statement will be of interest to traders. Also New Zealand will feature a rate decision, and in Germany there are some important releases today. For those trading the Aussie, the quarterly CPI will be published at 00:30 GMT. [...]
Better CBI Realized Sales Helps the Pound
CBI Realized Sales in Britain were better than predicted, and fell by 47 points. This immediately lead Forex traders to buy the British pound, but in a quite limited manner. GBP/USD now regains. Where is it headed? CBI Realized Sales is an important economic indicator since it senses quite accurately where consumer wind is blowing. The Confederation [...]
EUR/USD Extends Rally on German Ifo Business Climate
EUR/USD, which has made very nice gains in the past few days, seriously extended it’s gains when the German Ifo Business Climate at 9:00 GMT. The Euro broke resistance levels of 1.3270, and broke above 1.33, for the first time in over a week. German Ifo Business Climate scored 83 points, better than 81 that was [...]
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