Archive for August, 2009
Forex Daily Outlook – August 27th 2009
After yesterday’s whopping Durable Goods Orders, could the GDP also surprise? A busy day expects us. Let’s see what’s up for today: Will the dollar strength continue today? Will the Pound continue it’s weakness? Many British figures will set the direction today
Finding The Best Forex Broker
Guest Post By ForexTraders.com So you want to trade forex online? You’ve done your research, studied the market, know the major pairs to trade and have even studied some charts. In other words, you’re ready to go. But forex trading isn’t like walking into a casino where you just pick your game of choice and
Forex Daily Outlook – August 25th 2009
After a slow start, Tuesday is a very busy day: American CB Consumer Confidence and German GDP are the highlights. There’s lots more from all over the globe. New Zealand’s Inflation Expectations start the day. Prices aren’t rising in New Zealand, but they haven’t reached deflation yet. In Europe, German Final GDP will supply a strong start
Forex Demo Account – The Basic Broker Check
I’ve received a letter from a reader asking me to help him chose between two forex brokers. Before getting into the details, I asked him if he had tested those brokers with a forex demo account. I was surprised that he didn’t even consider it. This is very important: you should always test a broker
Forex Daily Outlook – August 24th 2009
The forex trading week starts slowly, with Canadian Retail Sales standing out in the summer heat. Let’s see what’s on the menu today: Australia starts the day and the week with New Motor Vehicle Sales. They rose nicely by 5.7% last time. Will it continue? For more on the Australian dollar, read the AUD/USD Outlook. In
EUR/USD Outlook – August 24-28 2009
EUR/USD managed to close the week higher, sticking to the uptrend channel. This week’s German Ifo Business Climate as well as 8 other indicators will set the direction of the Euro. Here’s an outlook for the Euro zone’s important events and an updated technical analysis for EUR/USD. EUR/USD forex chart, with the uptrend channels marked: Friday’s
Canadian Dollar Outlook – August 24-28 2009
The Canadian dollar traded perfectly in a range this week. This week’s Retail Sales, as well as 4 other important events, will set the direction of the loonie. Here’s an outlook for the Canadian events, and a technical analysis for USD/CAD. USD/CAD forex chart, with major technical hurdles highlighted: Last week’s lower than expected CPI
AUD/USD Outlook – August 24-28 2009
The Australian dollar began the week with a false break downwards, and then got back to trading in a narrow range. Here’s an outlook for 4 important Australian releases this week, and a technical analysis for AUD/USD. AUD/USD forex chart with support and resistance lines inside: Last week’s mixed messages from the RBA’s Monetary Policy Meeting
British Pound Outlook – August 24-28 2009
The British Pound traded in a narrow range this week, bouncing off resistance and support lines, and trading “by the book”. This week features 7 important British indicators, with the Revised GDP being the most important release. Here’s an outlook for this week’s events and a technical analysis for GBP/USD. GBP/USD forex chart with important
Forex Weekly Outlook – August 24-28 2009
The last week of August brings revised GDP figures in the US and Britain, Durable Goods Orders and more important releases. What will be the dollar’s direction this week? Here’s the weekly outlook. The US dollar made some late gains on Friday afternoon. The Jackson Hole conference going on during the weekend, with the positive feeling