Archive for August, 2009
Forex Daily Outlook – August 31st 2009
The Yen supplied a strong start for this busy week, with significant gains following the general elections. Canadian GDP and European CPI Flash Estimate are the highlights of today. Things will get much busier later. Let’s see what’s up for today. Japan’s Prelim Industrial Production surprised and rose by 1.8% instead of 1.4% that was expected. Also Retail
EUR/USD Outlook – August 31 – September 4 2009
EUR/USD traded up and down this week, closing at the same place. This week’s rate decision is the peak of 11 important European releases. Here’s a review of the European indicators and an updated technical analysis for EUR/USD. EUR/USD forex chart with the uptrend channels marked: Last week’s consumer surveys showed strength, and the so
AUD/USD Outlook – August 31 – September 4 2009
After a rather quiet week of perfect range trading, the upcoming week is huge. What a week awaits the Australian dollar: GDP, a rate decision and 9 more indicators are released this week. Here’s an outlook for the Aussie events, and an updated technical analysis for AUD/USD. AUD/USD forex chart with important support and resistance
Canadian Dollar Outlook – August 31 – September 4 2009
USD/CAD made small gains in the past week, and can go anywhere in the upcoming week. 4 important Canadian releases will shape its direction, especially on Friday. Here’s an outlook for this week’s Canadian events, and an updated technical analysis for USD/CAD. USD/CAD forex chart with support and resistance lines marked inside: Better than expected
British Pound Outlook – August 31 – September 4 2009
After a bad week, the British Pound expects PMI and housing figures this week that will move it. Here’s an outlook for 6 key British events, and a technical analysis for GBP/USD. GBP/USD Daily forex chart with important lines inside: GBP/USD lost more than 200 pips in a bad week. One of the biggest blows
Forex Weekly Outlook – August 31 – September 4 2009
Take a deep breath. The economic calendar is packed this week. We have GDP from Canada, Australia, Switzerland and Europe. There are rate decisions from Europe and Australia. Employment data will come from Europe, Canada and the US – Non-Farm Payrolls are here. There are lots more figures from all over the globe. Also note
Forex Articles for the Weekend – August 29 2009
Here’s a bunch of forex related articles that I found interesting in the last week. All of the linked stories have a scope larger than one day’s trade: James Chen discusses how to determine forex trends, with moving averages. Adam Kritzer follows up on carry trades, which remain popular, but are doubted. James W of
Finding New Pairs to Trade
Guest Post by ForexTraders.com By nature, traders, forex or otherwise, can be creatures of habit. That is if we find something that works, we stick with it until it stops working. As it pertains to forex trading, this includes the pairs we trade. Many forex traders get into the game and focus on just one
Forex Trading and GDP Differences
Britain’s GDP for the second quarter was revised upwards today. Revised GDP exceeded the initial publications in many countries. If the second quarter is better, will we see strong growth in the third quarter? A look at recent releases and their impact on forex trading. Not all countries are recovering equally, and these differences are
Forex Daily Outlook – August 28th 2009
The last day of the week is highlighted by Britain’s GDP. And there are various releases from all the world. Let’s see what’s up for today: The first figure for today is bid: Britain posts its Revised GDP for the second quarter of 2009. Economists don’t expect a change from the initial read of a