Archive for December, 2009
EUR/USD Rise Calmed on Durable Goods and Jobless Claims
Core Durable Goods Orders came out better than expected. This gave the greenback some energy after almost 24 hours of weakness. This sets the tone just before Christmas. Durable Goods Orders rose by only 0.2%, less than a 0.6% that was predicted. But a bigger gap between expectations and the actual release was seen in
Forex Daily Outlook – December 24th 2009
The markets will close down during the day. European banks are closed all day, but the American markets are partially open, and there are important releases: Arabic version of the daily outlook American Durable Goods Orders are expected to rise by 0.6% after dropping by 0.6% last month by the same scale. Core Durable Goods
Dollar Rally Stopped with Weak New Home Sales
The dollar rally came to a halt with the release of the disappointing American New Home Sales. The dollar weakened against (almost) all the currencies. Just before Christmas, the greenback is far enough from the highs it reached in recent days. Well, apart from one currency
Forex Daily Outlook – December 23rd 2009
The eve of Christmas Eve has a few important releases: American New Home Sales, Canadian GDP and more. Some traders are already on vacation, but the markets continue to move. Let’s see what’s up for today. French Consumer Spending start the day with an expected 0.3% rise, less than last month rise. EUR/USD is falling. For more
British Recession still hurts the Pound
Every GDP release in Britain reminds us that Britain is still in recession. Today’s final release of the Q3 GDP brought another disappointment, sending GBP/USD below 1.60. But according to unofficial numbers, there is a light at the end of the tunnel. Contrary to other countries in the Western hemisphere, Britain is still in recession.
Forex Daily Outlook – December 22nd 2009
We already have a busier day today, with GDP releases from the US, UK and New Zealand, among other events. Let’s see what’s up for today: European figures start arriving today: the GfK German Consumer Climate is expected to tick down to 3.6 points. This follows similar eases last week. Check out Casey Stubbs’ analysis
USD/BRL – A pair to notice in 2010
The Brazilian Real is off the radar for most traders. The Brazilian economy has significantly strengthened during the last crisis, and this is strongly felt in the currency. In 2010, USD/BRL will probably gain more traction
Forex Daily Outlook – December 21st 2009
The short Christmas week starts with a light calendar. Canadian retail sales are the only major event. Will the dollar continue to rage? Japanese Trade Balance starts the day with an expected drop in the surplus. Later in Japan, the BOJ Monthly Report will give a broad view of the economy. Arabic version of this
GBP/JPY – Popular with Action Loving Traders
GBP/JPY is the king of crosses. There are many reasons why it’s popular. Looking at the Geppy again, it looks like the popularity comes from specific traders,but they aren’t always on the winning side. Looking over and over again at the social indicators at Currensee, I see the same picture over and over again: no
EUR/USD Forecast – December 21-25
Looking for the latest outlook, for the current week? Check out the section: EUR/USD Forecast. The Euro had a terrible week, hit by bad news and losing major support lines. The upcoming week doesn’t have too many major indicators, but they could still move the Euro. Here’s an outlook for this week’s events, and an