Archive for February, 2010
Forex Daily Outlook – March 1st 2010
The first day of March brings a busy calendar which isn’t typical for Mondays. Canadian GDP, European Unemployment Rate and American ISM Manufacturing PMI will stand out today. As time goes by this week, trading will be more and more influenced by the tension towards the Non-Farm Payrolls. I suggest being careful with this event.
EUR/USD Outlook – March 1-5 2010
EUR/USD finally had a positive week and gained some ground. It’s now facing a very busy week, with the rate decision being the climax. Here’s the outlook for the European events, and an updated technical analysis for EUR/USD. EUR/USD chart with support and resistance lines marked. Click to enlarge: Even though this week is crowded
GBP/USD Outlook – March 1-5 2010
The Pound lost another technical level and looks down. The upcoming week is very busy, with eight important events, with the rate decision being the climax. Here’s the weekly outlook for the British events, and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines marked. Click to enlarge: BOE governor Mervyn
AUD/USD Outlook – March 1-5 2010
The Aussie finished lower this week, suffering from risk aversive trading. The upcoming week is busy also in Australia, with a rare combination of a rate decision and GDP day after day. Here’s an outlook for the 13 Australian events, and an updated technical analysis for AUD/USD. AUD/USD chart with support and resistance lines marked.
USD/CAD Outlook – March 1-5 2010
The Canadian dollar retreated this week but didn’t lose too much. The week ahead contains the GDP release, a rate decision and a few more important events. Here’s the outlook for the Canadian events and an updated technical analysis for USD/CAD. USD/CAD chart with support and resistance lines marked. Click to enlarge: One figure is
Forex Weekly Outlook – March 1-5 2010
The first week of the month is always busy in forex trading. Apart from Non-Farm Payrolls, we have 3 GDP releases and 4 rate decisions from all over the world, and many other major events. Let’s see what’s awaiting us on the crowded calendar. The Non-Farm Payrolls will definitely attract more and more attention and
Forex Links for the Weekend
After a strong week of trading, and just before a very busy week, it’s time to relax with a few long-term reads for the weekend. Here are my favorites: Adam Kritzer analyzes the latest rate moves by the Federal Reserve from a distance. The raise of the discount rate had a different impact on each
Pound Unimpressed From Better GDP
British GDP was revised to the upside, and even better than expected. This hardly helps the Pound, that struggles under a strong resistance line. According to the second release of British GDP (Gross Domestic Product), the economy grew by 0.3% in the fourth quarter of 2009. This is an upwards revision from the initial release
Binary Options Demo Account
Start Options, a provider of binary options, announced that traders can now check out their options using a virtual demo account. They are currently the only provider that provides this service. This sector is evolving together with traditional forex trading. I’m repeating my pledge to check their possibilities using a forex demo account. Up to
Forex Daily Outlook – February 26th 2010
The week ends with two revised GDP figures in Britain and in the US, as well as other moving figures. Let’s see what’s awaiting us today. Early in the day, British GfK Consumer Confidence isn’t expected to move from the negative score of -17. This will stop months of slow improvement. Nationwide HPI is an important