Archive for May, 2009
Will Australia go Down Under? Aussie Outlook
Australia has avoided recession up to now. This week’s GDP could prove otherwise. In addition, a new interest rate and 3 more major events await the Australian dollar: Retail Sales, Building Approvals and Trade Balance. After AUD/USD reached 0.80, here are the things to look for this week. Australia arguably has the strongest economy in the
Britain’s Got Talent? Pound Outlook
After swinging and dancing, the British Pound finished the week almost 300 pips higher. With no significant technical hurdles, only a comeback of the dollar or bad British data can stop it. And what data awaits the Pound? Here are 5 key events to watch for: Halifax HPI, Manufacturing PMI, Services PMI, PPI and of
Forex Weekly Outlook – June 1-5 2009
Get ready for a wild week in forex trading. As always in the beginning of the month, the king of forex: Non-Farm Payrolls is dominant. We have rate decisions from Europe, Britain, Canada and Australia. Yup, everything happens this week. And there are loads of other major indicators. Hold tight! Only a big surprise this
Daily Forex Widget Review
Daily Forex, a site that offers forex information in various ways, now offers a widget that can be embedded in other webistes. Here’s a review of the advantages and disadvantages of this widget
Forex Reads for the Weekend – May 30 2009
Here are a bunch of interesting forex articles for the weekend. They all have a scope that’s bigger than one day, and I found them interesting to read: James Chen analyzes the Australian dollar, as it touches 0.80 once again. Great technical analysis, as usual. Kathy Lien writes about how forex pairs break key levels.
British Pound Continues North
Friday’s Nationwide HPI supplied more fuel for the Pound, which is now aiming for 1.62. All in all, it was a succesful week for the British Pound, which sees major resistance at 1.67. A roundup of this last week of May. British Indicators Earlier this week, indicators were negative, but the Pound didn’t always react
Dollar Retreats On All Fronts – Week’s Roundup
The US dollar is beaten this Friday. It loses ground everywhere. This happened before the disappointing GDP figure, and also after them. Bad Friday for the greenback, yet again. A long term fall in the dollar is imminent. Economic Figures At the beginning of the week, I wrote about 6 key events, in my post:
Forex Daily Outlook – May 29th 2009
This week’s strong moves come to a peak today, with American Prelim GDP. There are lots of other figures out there. Let’s see what’s up: Australian Private Sector Credit starts the day with an expected rise of 0.2%. In Europe, German Retail Sales are predicted to rise by 0.5%, after falling by 0.4% last time. Another important
Forex Daily Outlook – May 28th 2009
Take a deep breath. There are lots of figures today all over the globe. CBI Realized Sales in Britain, American Durable Goods Orders and New Home Sales stand out. And just before the day ends, there are lots of important figures in Japan. Ready? Let’s dive… Global Events North Korea continues to play dangerous games with the
Pound at Higher Ground – The Road North is Open
The British Pound made a push forward in it’s journey upwards, getting close to 1.61. As aforementioned, serious resistance appears only at 1.67, so the road north is open. Review and Outlook… Last week, the British Pound broke strong resistance levels and closed above 1.59. This week’s scary news from North Korea ignited risk aversion.