Toxic Asset Plan – Toxic for the Dollar

Timothy Geithner is due to present the plan to relieve US banks from toxic assets. While this is intended to be a Public-Private plan, funding this scheme may, yet again, result in printing US dollars – sending the greenback down. It already happens now, before the announcement. US Secretary of Treasury, Timothy Geithner, is due [...]

Forex Daily Outlook – March 23rd 2009

The forex week starts with a rather relaxed day regarding economic indicators. Existing Home Sales will be the main event today.  Jean-Claude Trichet is in Mexico, and will speak about the financial crisis and commodity prices. Will he have something to say about Ben Bernanke’s huge dollar printing move? Will the ECB act on the Euro? In [...]

Forex Weekly Outlook – March 23-27 2009

The upcoming forex week has many interesting figures. Britain will get the limelight with lots of important releases: CPI, Nationwide HPI, Retail Sales and more. In the US, Core Durable Goods Orders and Home Sales will be major. Also note New Zealand’s GDP and the German Ifo Business Climate. Let’s see what’s due for us this week. Will [...]

Forex Links For the Weekend

Here are some very interesting reads that I’ve gathered during the week from various blogs I read. There are lots of interesting pieces about this week’s stunning FOMC decision to print one trillion dollars, and its impact on forex trading. Kathy Lien looks at the Swiss Franc, and talks about the possibility of negative interest rates. [...]

Forex War – Will Europe Join?

In this deep economic crisis, everyone wants a weak currency. Europe’s export-oriented economy is suffering from a strong currency, especially after the moves from Switzerland and from America. Will they stay on the sidelines or intervene? The Japanese economy is export based, and has significantly suffered from the global economic crisis. A strong currency is [...]

EUR/GBP Bounced on Resistance Line

EUR/GBP tested the 0.95 resistance line and bounced back down. This came on the background of falling Industrial Production in Europe and stablization of the dollar selling. EUR/GBP tried breaching the 0.95 resistance line, which was the high point in the end of December. The EUR/GBP reached a high of 0.9475 before retracting significantly back to [...]

Forex Daily Outlook – March 20th 2009

The forex market is still shaking from the FOMC statement that beat the US dollar. Today, A speech by Ben Bernanke will be closely listened to. In addition, there are a few other important indicators. In Europe, Industrial Production is expected to fall by 3.8% after dropping 2.6% last month. A higher drop than expected [...]

Aussie Reached Initial Target – Resting Before Next Move

AUD/USD continues it’s march upwards, breaking the 0.68 resistance line. It rose on the wave of massive dollar selling that began with the shocking FOMC statement yesterday. The next resistance line is much stronger for the Aussie. AUD/USD was trading in a narrowing channel for a very long time. Downtrend resistance and uptrend support were [...]

Forex Daily Outlook – March 19th 2009

The Federal Reserve provided all the price action in the world with yesterday’s big announcement, and sent the dollar down, after the beatings it took earlier this week.. Today, the market might still feel aftershocks from yesterday, and might feel something from today’s economic calendar, with the US Unemployment Claims at the center. Here’s what’s [...]

EUR/GBP Moving Up on British Unemployment, Trichet Optimism

EUR/GBP made a 100 pips move upwards today, with soaring British Unemployment and Trichet’s optimism pushing the Pound down and the Euro up. EUR/GBP now trades at 0.9390, after breaking last week’s high of 0.9318 which it reached last week. During the day, it passed the 0.94 mark, hitting a high of 0.9414. The Euro [...]

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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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