Archive for June, 2009
Forex Daily Outlook – June 24th 2009
Big day today in the forex market – the FOMC Statement is made. What will Bernanke hint about future interest rates? Apart from tensions towards the statement, the market will move on other important figures. Here’s the menu: Iran is still in the news. How will the public react to the regime’s refusal to nullify
Moody’s Good Mood – Bad For the Dollar
Moody’s calmed investors by keeping the credit rating a solid Triple A for the US. This lowered fears and casued risk appetite – the dollar is falling across the board. After Britain’s credit downgrade, there were strong fears that this could happen in the US. Today, Moody’s had a good mood for the US dollar.
Forex Daily Outlook – June 23th 2009
Economic indicators gear up today with many European PMI figures and American Existing Home Sales. After a strong start for the dollar, tension rises towards Wednesday’s FOMC Statement. The escalation in Iran also supports the greenback. The Iranian army has vowed to interfere to stop the protests, that haven’t stopped. The troubles in this oil
Forex Daily Outlook – June 22nd 2009
The forex trading week starts without American indicators. Still, German Ifo Business Climate will stand out today, and other events will also shake the market. And do note the Iran election crisisthat looms over the market. Here’s what’s up for today: Britain’s Rightmove HPI starts the forex trading week. Last month it rose by 2.4%. GBP/USD is
British Pound Outlook – June 22-26 2009
The British Pound has formed a new support line last week, and has narrowed its range. Will it make the break this week? 5 key events will shape the direction of GBP/USD this week: Rightmove HPI, BBA Mortgage Approvals, CBI Realized Sales, Inflation Report Hearings and Nationwide HPI. Here’s an outlook for this week’s key events in the Pound, and
Canadian Dollar Outlook – June 22-26 2009
USD/CAD rose by 150 pips last week, but bounced at the critical 1.1470 mark. On the eve of a new trading week, USD/CAD stands at 1.1350. This week’s FOMC Statement and two Canadian events, Foreign Securities Purchases and a speech by Mark Carney will determine the direction of the loonie. Will it break the huge resistance line?
Forex Weekly Outlook – June 22-26 2009
The two day FOMC meeting will draw most of the attention this week. Will Bernanke hint anything about future rate changes? Also this week, home sales figures in the US, PMI data in Europe and important British figures will shake the market. And of course, the Iranian election crisis is still with us. Here are
Iran Election Crisis Supports Dollar
The ongoing crisis in Iran is worrying the whole world and ignites fears. Risk aversion may cause investors towards the US dollar, especially after the escalation in the situation this weekend. Escalation in Iran Election Crisis Iran’s election on June 12th had a very controversial outcome, to say the least. The authorities quickly announced Mahmoud
Forex Trading Hours – When to Avoid Trading
Some hours are better to trade than other hours. Here’s a list of the most volatile trading hours for each of the 8 popular currencies. There are times when the market doesn’t move at all, and it’s quite boring. This is usually during the Tokyo and Sydney sessions. There are times which are quite wild
Forex Crunches for the Weekend – June 20 2009
Here is a bunch of interesting forex-related articles. All of them have a scope of more than one week of trading. This time, the list is somewaht longer. Many interesting reads… Kathy Lien shows how the chart of continuing jobless claims signals that the end of the recession is near. James Chen is back, and