Archive for April, 2009
G7 Optimism – Bad for the Dollar
G7 Finance ministers expressed optimism in their meetings this weekend. This optimism ignites risk aversion which isn’t good for the US dollar, and might send other currencies higher against it. Finance ministers of the Group Of Seven met this weekend in Washington DC to discuss the state of the global financial crisis. These finance ministers,
Forex Weekly Outlook – April 27 – May 1 2009
This week, features interest rate decisions from the US, Japan and New Zealand. Advance GDP in the US will also be in the limelight, as well as the ISM Manufacturing PMI. Let’s dive into the important figures for the upcoming forex trading week. Monday, April 27th: GfK German Consumer Climate will start the forex trading week, and
Forex Trading Surging In 2009
Forex Trading is becoming more and more popular. New figures show that the uptrend continues in 2009, despite the recent stock market recovery. For forex traders, it’s trivial that there is a currency that always goes up. There is no “bear” market – but always a bullish market. You just have to go with the
Forex Links for the Weekend – April 25 2009
As usual, I feature some excellent forex-reads that I found on my favorite blogs / sites. There’s a nice mix today: Adam Kritzer talks about the return of Carry Trade, and details on the options traders have. James Chen brings yet another excerpt from his book, this time about how to trade volatility in the
Euro Finally has a Good Friday
The Euro enjoyed good news throughout the week, but failed to make significant gains. Today, the good German Ifo Business Climate score and the return of risk appetite sent the Euro high, without looking back. Here’s a roundup of today’s events in the EUR/USD. The day began with the French Consumer Spending that surprised and rose by
Pound Recovers Despite Deepening Recession
British Prelim GDP, came out worse than expected, yet the Pound is recovering and reaching last week’s levels. Here’s a roundup of the latest events in the critical week for the Pound. The critical week for the Pound came to an end with the Prelim GDP – the main gauge of economic activity. British GDP
Forex Daily Outlook – April 24th 2009
The last day of this week has many important releases, and two special events: G7 Meetings and the Bank Stress Test Info. Let’s see what’s on the menu in this exciting day: G7 Meeting are held throughout the day in Washington DC. This may also be seen as a follow up on the G20 summit, that
Euro: Excellent News Bring Modest Gains. Again.
The Euro enjoyed good news from around the continent. It helped the Euro, but only slightly. Here’s an overview of today’s events in the old continent: French Flash Manufacturing PMI rose from 36.5 to 40, exceeding expectations at 37. French Flash Services PMI rose from 43.6 to 46.2, exceeding predictions at 43.8. German Flash Manufacturing
Forex Daily Outlook – April 23rd 2009
Lots of economic indicators on a crowded Thursday: European PMI figures, Canadian Retail Sales, American Unemployment Claims and Existing Home Sales are the stars of today. And there’s more: BOJ Governonr Shirakawa will speak early in the morning, and will give some insights on the suffering Japanese economy. Lot’s of European PMI At 7:00 GMT, the French will
Not The Pound’s Darling
Alistair Darling is not the Pound’s friend. In his budget release, he pounded the Pound like no economic indicator did. Here’s a roundup of the Big Day in Britain: At 8:30 GMT, 6 economic indicators were released: Claimant Count Change, was better than expected, at 73K instead of 118K. This should have lifted the Pound,