Archive for September, 2009
Pounded by the King
The British Pound is falling on all fronts. Mervyn King released two Pound-bearish statements that the sent Pound way down, despite better than expected inflation figures. For GBP/USD, 1.6660 is live and kicking after all. Note the sharp falls against currencies as well: EUR/GBP, GBP/CHF and GBP/JPY. Mervyn King went to the Treasury Committee in parliament
Forex Daily Outlook – September 15th 2009
After the dollar renewed its falls, a busy day expects the forex markets. The calendar is packed with events, including Retail Sales, PPI and a speech by Ben Bernanke. There are more important indicators in other parts of the world as well. Let’s see what’s up today: Australian Monetary Policy Meeting Minutes showed that a
Forex Daily Outlook – September 14th 2009
Forex trading began with a stronger dollar this week. European Industrial Production is the highlight of this rather calm day. Let’s see what’s on the menu today. The late dollar comeback that began late on Friday continues today. While the British Pound and the New Zealand dollar suffer, the Swissy and the Yen are weathering
Canadian Dollar Outlook – September 14-18 2009
The loonie didn’t fully enjoy the fall of the US dollar, and didn’t get far away from the the resistance line. This week’s CPI and 6 other events will shape the direction of the loonie. Here’s an outlook for this week’s events in Canada and an updated technical analysis for USD/CAD. USD/CAD forex chart with
British Pound Outlook – September 14-18 2009
The dollar’s collapse reached the Pound very late in the week, sending it unconvincingly above the huge technical barrier of 1.6660. This week features inflation and employment figures as well as retail sales and many other indicators that will shape the direction of Pound. Here’s an outlook for the busy week in Britain, and an
EUR/USD Outlook – September 14-18 2009
It finally happened – EUR/USD broke out of range and closed the week significantly higher. This week’s German ZEW Economic Sentiment and 6 other figures will impact the Euro. Here’s an outlook for this week’s key events in Europe, and an updated technical analysis for EUR/USD. EUR/USD forex graph. Last week, the Euro moved mostly
Forex Weekly Outlook – September 14-18 2009
After the dollar’s collapse last week, this week is full with American indicators. Rate decisions are due in Japan and in Switzerland. CPI and Retail Sales are published around the globe as well. Let’s go through the main events this week
Forex Reads for the Weekend – September 12 2009
Here’s a list of interesting fore-related articles after a busy week: Adam Kritzer’s post on Monday about the dollar being under pressure on all fronts foresaw its collapse later on in the week. The reasons are there. James Chen talks about the breakout of a somewhat overshadowed pair – USD/CHF. Mohammed Isah details on the
Forex Daily Outlook – September 11th 2009
The dollar weakness continued during the Asian session and sent EUR/USD, GBP/USD and NZD/USD to new highs. USD/JPY is at new lows. Will the greenback close the week so low? Prelim UoM Consumer Sentiment and other indicators will move the markets today. Let’s see what’s up for the last day of the week. German WPI
Pound Still Behind – Bounces Off Resistance
The British Pound doesn’t “use” the dollar weakness to reach new ground. 1.6660 is one of the strongest resistance lines seen in a long time. The rate statement didn’t include the spice to send the Pound higher. GBP/USD now trades at 1.6598 after making a trip to 1.6659 and back. Also NZD/USD made a similar round