Archive for October, 2009
Forex Weekly Outlook – November 2-6 2009
The first week of November is packed with major events: rate decisions in the US, Britain, Europe and Australia, and many employment figures, with the king of forex, Non-Farm Payrolls, the king of forex, closing the week with the monthly circus. There are lots of other events to open the month. Take a deep breath:
Forex Articles for the Weekend – October 31 2009
Here are some interesting forex-related articles from selected blogs. All of them have a scope of over one day’s trade, and they are in a variety of fields: Adam Kritzer writes about optimism in Europe. EUR/USD doesn’t only enjoy the dollar’s weakness, but also strong European recovery. Eric deCarbonnel talks about gold reaching the breaking
Dollar Wins the week big time – Are the tables turning?
This was the week of the dollar, making a strong corrective move across the board. This temporarily halted with the release of the good GDP from the US, but risk appetite was soon replaced with fear. Fear started the week and and fear closed it. The US dollar index rose from 75.30 to 76.26 at
Canadian dollar should enjoy good GDP
After being blown away from parity following the rate decision, Canada’s monthly GDP might help the Canadian dollar. The good GDP release in the US could signal that also Canada’s GDP is will be on the bright. Here’s a preview for the Canadian GDP. Canada publishes its monthly GDP on Friday at 12:30 GMT. Canada
US economy out of recession – US dollar falls
American GDP didn’t disappoint, and rose by 3.5%. The good news, coming after many disappointments, sent the dollar down against almost all the currencies…except the Yen. Is Obama’s stimulus plan succeeding? Contrary to the big disappointment in Britain, that is still in recession in the third quarter, the United States is growing again. Advance GDP, the
Forex Daily Outlook – October 29th 2009
The dollar continues to sweep the markets. Today’s calendar is quite busy, with American GDP standing out. Did the US get out of recession? Or will we see a disappointment like in Britain? Let’s review the main events for today: Australian HIA New Home Sales fell by 4.5%, which was rather disappointing. The Aussie is now trading at
Forex Daily Outlook – October 28th 2009
Risk aversion continues to dominate the markets, and the US dollar enjoys it. Today’s highlights are Durable Goods Orders, New Home Sales and an interesting rate decision in New Zealand. Let’s see what’s on the menu today: Australian CPI rose by 1% in the previous quarter, exceeding expectations of a 0.9% rise. Trimmed Mean CPI
Panic pushes the EUR/USD off the support line
The CB Consumer Confidence was far worse than expected, triggering a jump in the dollar across the board. Risk aversion is back in town, raising the “safe haven” currency from the floor. CB Consumer Confidence scored 47.7 points, much less than 53.7 that was expected, and also less than last month’s 53.4 score. Against all
Forex Demo Account – When to go Live
In another post in the series about forex demo accounts, a serious question is: when to go live? When do you leave the practice account behind, and put real money in forex? I’ve already written that a demo account isn’t only for newbies, so the answer depends… If you’re a seasoned forex trader, you’re probably
Forex Daily Outlook – October 27th 2009
After weeks of weakness, the US dollar made a strong corrective move, gaining across the board. Today’s CB Consumer Confidence is the main event, and there are lots of other events all over the world. Let’s see what’s up for today: Australian NAB Quarterly Business Confidence was finally published, and it turned positive, rising to