Archive for January, 2010
EUR/USD – New Week, New Lower Range
EUR/USD dipped below another important support line and is getting used to a new range. Will it settle in a lower range next week? Not so fast. Here’s an updated technical look at EUR/USD. The reasons for the fall start in Greece and end at Washington or Beijing – the EUR/USD bears are everywhere. But
Forex Daily Outlook – January 28th 2010
Yet another busy day awaits forex traders. Economic indicators might be overshadowed by many political events today. Here’s what’s expecting us today: Apart from scheduled events, US President Barack Obama will make an important speech in his “State of the Union” address. He is expected to talk about the economy after one year in office.
Golf, Trading and car accidents? Now that’s a Story
Guest post by Jason Stapleton (ForexGuy) 4xtraderslive Have you ever been driving down the highway and see a car accident? Of course you have. We all have. You know you shouldn’t look. You should just keep driving. But inevitably, almost unconsciously, your foot comes off the gas pedal. You eyes begin to narrow as you
Positioning Data
Tim Mazanec is a CMT with 14 years of experience in Forex and global markets. He develops his forecasts with a combination of technical, fundamental and flow analysis and is a regular contributor on currensee.com. Positioning Data by Tim Mazanec The other day I was asked for my thoughts on Sugar. This came from a
Aussie Set for Rises
After getting many blows, the Aussie finds comfort in rising inflation which paves the path for another rate hike. This report saved AUD/USD from losing an important support line. After the bounce, the road is north. Australian quarterly CPI showed a rise of 0.5% in Q4. This exceeded expectations for a 0.4% rise, although being
Forex Daily Outlook – January 27th 2010
Another busy day is awaiting forex traders, with a rate decision in the US being the highlight. There are important figures today from all over the world. Let’s see what’s up for today. Apart from the scheduled releases, note that the World Economic Forum talks start today in Davos, Switzerland. Statements from there can move
Long Term Forecast for GBP/USD
Guest Post by Nick Kanger, Head Currency Analyst at ProAct Traders Forecasting currency movements longer term can be a dangerous (and potentially embarrassing) undertaking. Get the numbers right and you’re a hero and looked upon as a currency trading guru; wrong and you’re punished with “What were you thinking” comments, snipes, derisive statements or worse.
British Growth In Doubt – Pound Falls
Britain’s initial GDP read for the fourth quarter is very weak, and the revised versions can easily erase it. The Pound reacted with a fall against the dollar and the Euro. Here’s a review of this important event and a look forward on the Pound. Britain’s first release of GDP was very weak – only
Forex Daily Outlook – January 26th 2010
After a slow day, we have a very busy day today, starting with a rate decision in Japan. Then, we’ll get to know if Britain exited the recession, an important European survey will shake EUR/USD and American consumer confidence will move the dollar. Let’s see what’s up today: Apart from the regular economic releases, a
Forex Daily Outlook – January 25th 2010
The week starts slowly without too many events. American Existing Home Sales stand out today. Let’s see what’s up for today. Australian producer price index (PPI) disappointed with a drop of 0.4%. This important, quarterly figure was expected to rise by 0.1% after rising in the same manner last quarter. AUD/USD was going up before