Archive for June, 2009
British Pound Outlook – June 29 – July 3 2009
The British Pound stuck to its range for another week, failing to breach the magical 1.6660 line. This week’s key British events: Nationwide HPI, Current Account, Manufacturing PMI, Services PMI and American Non-Farm Payrolls could well shake the Pound. Here’s an outlook for this week’s 5 key events in the British Pound + a technical analysis for GBP/USD.
Canadian Dollar Outlook – June 29 – July 3 2009
USD/CAD went up this week and broke a significant resistance line, before erasing most of its gains. The Canadian dollar will move this week on Canadian GDP, American Non-Farm Payrolls and more Canadian figures. Here’s an outlook for the Canadian dollar, on the turn of the third quarter. Here are the main events for USD/CAD:
Forex Weekly Outlook – June 29 – July 3 2009
The king of forex – Non-Farm Payrolls, is published early – on Thursday. There are lots of other major figures in the start of the third quarter: ISM Manufacturing PMI, interest rate decision in Europe, Tankan Manufacturing Index in Japan and a big bulk of data from Britain. Let’s see what’s on the menu this week
Forex Broker Reviews – Top 5 Sites
With many forex brokers out there, reviews about them become important to forex traders. I also intend to write reviews about forex brokers. Till then, I hereby bring a list of top 5 sites that review forex brokers: Daily Forex: Has a long list of forex brokers. It includes nice screenshots, ratings, advantages and disadvantages
Forex Crunches for the Weekend – June 27 2009
Here are interesting forex-related reads for this weekend. All the linked articles have a scope larger than one day’s trade. Adam Kritzer dives into one of the strongest factors in the forex market: risk, and asks if risk aversion is back. Macro Man talks about ECB issues and also about the SNB intervention. Interesting and
SNB Intervention – Shortlived Indeed
The SNB intervened in the forex market to weaken the Swiss Franc. Though still above the levels before the intervention, USD/CHF has lost its hot air, and is now trading lower. A lesson about central bank interventions. On Wednesday, the Swiss National Bank intervened in the forex market in order to weaken the Swissy. Switzerland’s
Forex Demo Account – A Must for Every Broker
Not every forex broker out there offers a forex demo account. A demo account is a must for every broker. Checking out a broker via a forex demo account is a must for every trader. The forex market is growing rapidly in the last few years. More people are trading currencies. This is especially felt
Forex Daily Outlook – June 26th 2009
A rather calm Friday is expected today, after the wild week. German CPI and American Personal Spending are the highlights today. Let’s see what’s up. German Prelim CPI is collected from all the German states and is expected to rise by 0.1%. Also note the German Import Prices, which are expected to rise by 0.1%.
Central Banks Intervention – Great Trade Opportunity
In the forex market, huge volume makes even big interventions very hard. The SNB’s intervention had a short lived effect last time, and this time is no different – the correction will come. Such cases are great trade opportunities. The Swiss National Bank intervened in the forex market on March 12th in order to weaken
Forex Daily Outlook – June 25th 2009
After yesterday’s FOMC Statement, the markets start the day with a stronger dollar. American figures continue to dominate the scene today, with Unemployment Claims. A speech by Ben Bernanke can clarify yesterday’s cautious statement. Australia’s CB Leading Index rose by 0.7%, and last month’s fiugre was revised upwards. The Australian economy is doing better than