Archive for March, 2009
Forex Crunches For The Weekend – March 28 2009
Here are some interesting reads that I’ve found this week. Kathy Lien gives an excellent explanation about the Toxic Asset Plan The Forex Articles offers an interesting strategy regarding trading opening range breakouts. James Chen released FXStreets’ monthly Webinar about Trading Forex on a Daily Basis Using Daily Charts. Adam Kitzer, of Forex Blog, writes about
Top 5 Dollar Downers
Here are 5 major macro economic reasons that weigh heavily on the US dollar: Obama’s stimulus package – spilling lots of money into the economy – devaluation of the dollar. FOMC Statement – Printing $1 trillion dollars instantly – dollar devaluation yet again. Toxic Asset Plan – Geithner’s plan will come mostly from the public
Forex Daily Outlook – March 27th 2009
Bad News from Britain dominates today’s trading session. Other than that, German CPI and American Spending data will also gather attention. Let’s see what’s up. German Import Prices fell by 0.5%, more than 0.4% that was expected. The Prelim CPI in Germany will be released by the German states. Industrial New Orders in Europe are
Cable Should Go Down
GBP/USD had a nice rally in the past week. It happened despite bad fundamentals. It seemed to have reached the ceiling but still hasn’t fallen. It should go down. The British economy saw lots of bad figures lately. Clairmount Count Change was very disappointing last week. It recorded 138,000, much more than early expectations. This
Forex Daily Outlook – March 26th 2009
Major releases in Britain today will set the course of the Pound, which has shown strength. In America, Final GDP and Unemployment Claims will get attention, and note major releases in Japan and New Zealand near the end of the day. Australia’s RBA Financial Stability Review starts the day. Australia seems to have a very stable
FOMC Statement Impact – One Week After
A week ago, the FOMC released a stunning statement, that meant printing $1 trillion dollars. This shocked the forex markets, and sent the dollar down. Some called it a death sentence for the greenback. One week after, let’s review where the buck is going
Forex Daily Outlook – March 25th 2009
American Core Durable Goods Orders will be in the limelight today, but there are many more important releases around the globe: German Ifo Business Climate, British CBI Realized Sales and American Home Sales will also draw attention. Let’s review all the events. New Zeland starts the day with Westpac Consumer Sentiment. Last quarter, it stood on 101.3. NZD/USD showed
Aussie Settling Above 0.7000
AUD/USD encountered short term resistance on the psychological 0.70 level, but with the help of Philip Lowe, RBA assistant governor, it now trades above this level, looking up to major resistance. AUD/USD, one of my favorite currency pairs, began the forex trading week with a weekend gap of about 60 pips. During the Asian and European
Forex Daily Outlook – March 24th 2009
The economic calendar is fully packed on Tuesday: PMI data from Europe, price information from Britain and many major speeches fill this day. Take a deep breath… As the day starts in Greenwich, Japanese Monetary Policy Meeting Minutes will be published. After the Swiss and American moves to devalue their currencies, do the heads of BOJ
American Housing Is Above The Bottom
Existing Home Sales in the US were better than expected, and better than last month. This adds to last week’s housing data that also gave some hope. Is there a house at the end of the tunnel? American Existing Home Sales in the US stood on 4.72 million in February. Early expectations were for a