Archive for May, 2009
Forex Daily Outlook – May 27th 2009
American Existing Home Sales stand out in today’s economic calendar. Trading will still be affected by the scary moves by North Korea, as well as other indicators. Let’s see what’s up. North Korea made a nuclear test and also sent two short range missiles. Who knows what else Kim is planning. The great fears cause risk aversion
Risk Appetite Rules
The first significant figure was released – and it was too good to be true. CB Consumer Confidence was excellent – but the dollar lost it’s early gains. After the North Korean risk aversion reaction – risk appetite is back in the game. Consumer Confidence, supplied by the Conference Board, was much better than expected.
Forex Daily Outlook – May 26th 2009
Tuesday already features a nice bunch of indicators: CB Consumer Confidence in the US, British Nationwide HPI and lots of European figures. Let’s see what’s on the menu: Inflation Expectations start the day in New Zealand. No surprises are expected with kiwi prices. In Switzerland, UBS Consumption Indicator is an excellent gauge for the Swiss economy. It stood
North Korean Bomb Helps the Dollar?
North Korea performed a second scary nuclear test. This move scares the Western world. Did this ignite risk aversion? In Memorial Day’s thin trading, the dollar stopped falling and even made some small gains. Forex trading began slowly this week. Americans are on holiday due to Memorial day. Also British banks enjoy the Spring Bank
Forex Daily Outlook – May 25th 2009
It’s Memorial Day in the US, so forex trading will start quite slowly. German Ifo Business Climate and the BOJ Monthly Report will stand out. Let’s see what’s up today. The monthly All Industries Activity figure will be released in Japan. It’s expected to deepen the fall, and plunge by 2.3%. BOJ Governor Masaaki Shirakawa will speak today
Contraction or Retraction? US Dollar Outlook
The US dollar collapsed last week against lots of currencies. This week, American figures stand out in the economic calendar, with Prelim GDP being the last and most important figure. Will American contraction squeeze? How will Consumer Confidence, Home Sales (Existing and New), Durable Goods Orders. and the GDP move dollar this week? Outlook for the beaten
Forex Weekly Outlook – May 25-29 2009
After a holiday in the US, forex trading this week will be affected by New and Existing Home Sales, Durable Goods Orders and the second release of GDP. Yup, after a horrible week for the dollar, the scene is dominated by American figures. And of course, there are many interesting figures elsewhere. Let’s see what’s on
Pound at New Ground – What’s Next?
GBP/USD broke a few resistance lines on the way up. It seems like the sky is the limit, but will it take a break? Nationwide HPI and CB Realized Sales are some of the key events for the Pound. Let’s see how this week unfold, and what technical levels await cable. GBP/USD had a rollercoaster week,
Canadian Dollar Wins Important Week
The Canadian dollar made huge gains against the US dollar this week. USD/CAD has a new direction – south. This happened on ok data in Canada, and the greenback’s weakness across the board. Here’s a roundup, and a look forward. As I wrote at the beginning of the week, it indeed was an important week
Forex Articles for the Weekend – May 23 2009
Here’s a nice bunch of interesting forex related reads for this long weekend. I find them very interesting. This time, Forex Initiate brings us quotes of wisdom for the current forex environment, and emphasizes on Money Management. Also read my piece on a forex demo account for money mangement. Eric deCarbonnel writes an important piece