Archive for July, 2009
Canadian Dollar Outlook – July 27-31 2009
Contrary to most currency pairs that are stuck in a narrow range, the Canadian dollar is on the move. It strengthened significantly against the greenback, and stands at a critical level. This week doesn’t feature many Canadian economic indicators, but does feature the monthly GDP, which is released together with the American GDP. Here’s a
British Pound Outlook July 27-31 2009
The British Pound hardly moved during the last week. This week’s economic indicators will move the Pound, but probably won’t move it out of its range. Here’s an outlook for this week’s key events and a technical analysis for GBP/USD. Last week provided two surprises in British news: on one hand, Retail Sales surged by
Forex Weekly Outlook – July 27-31 2009
The last week of July begins slowly but ends with a bang: American GDP for the first quarter. Also note Durable Goods Orders, a rate decision in New Zealand and GDP in Canada. Let’s see what’s up for the last week of July, and also the last week before the NFA ruling is here
Forex Reads for the Weekend – July 25 2009
Here are some interesting forex-related articles for reading during the weekend. All of them have a scope of more than one day’s trading. Casey Stubbs checks out the strengthening correlation between the financial markets and currency trading. In his charts you can see the correlation quite clearly. Eric DeCarbonnel dives into the Fed’s exit strategy
First In, Now Out
Less than 10 days till the anti-hedging NFA regulation is imposed on the forex market, and it seems that many traders will take their money elsewhere in order to avoid the annoying software restrictions that the anti-hedging regulation means. American forex traders can avoid the new anti hedging regulation by switching to a foreign broker,
Forex Daily Outlook – July 24th 2009
Lots of European PMI figures and British GDP dominate today’s trading. Here’s what’s up for today: European Purchasing Managers numbers dominate the morning. French Flash Manufacturing PMI and Flash Services PMI start the morning, at 7:00 GMT. Half an hour later, the same German figures are released. Finally, at 8:00 GMT, the all-European PMI numbers are released.
Trading on a Website or Using Software?
Some people prefer trading on a web site, while others download a desktop software for making their trades. Each option has advantages and disadvantages. I think the web will take over online forex. Calling the dealer to make a trade is something that still exists, but people rarely use it. Getting on the phone with
Forex Daily Outlook – July 23rd 2009
Busy day today with American Existing Home Sales and Unemployment Claims dominating the scene. Also note the British Retail Sales. And there’s lots more. Let’s see what’s on the menu: In Australia, RBA Assistant Governor Dr. Guy Debelle will speak also today, and might move the Aussie. European Current Account is predicted to remain negative, but
Forex Trading is Growing
Online forex trading is growing. Despite a rising stock market and tougher regulation, online forex trading is becoming more and more popular., staying on the high ground it reached since the breakout of the global crisis. Search volume of forex and forex-related keywords is on the rise. According to Google Trends, the search volume for
Forex Daily Outlook – July 22nd 2009
Ben Bernanke will give the second part of his testament today. Elsewhere, Australian CPI, British Meeting Minutes and Canadian Retail Sales will set the tone for today. Let’s see what’s up: Australian CPI provides a strong start for the day. After rising by 0.1% last quarter, prices are expected to rise faster – by 0.5%. Aussie