Archive for February, 2010
Forex Daily Outlook – February 25th 2010
Ben Bernanke will continue to cast his spells over the markets today, and we also have many important economic indicators from all over the world. Let’s see what’s awaiting us in this busy day in forex trading: Australia’s Private Capital Expenditure provides a strong start for the day. After a drop of 3.9% in the
Forex Factory Market Goes Live
Forex Factory has launched a live version of its unique aggregated broker quotes. This is a serious step forward in the system, making it more accessible. Forex Factory launched the system three months ago as an independent multi-broker forex quote system. In my initial report about Forex Factory Market, I wrote that this is a
Forex Daily Outlook – February 24th 2010
Ben Bernanke’s testimony will be the centerpiece of today’s events, including releases from many countries. Let’s see what’s awaiting us. For those of you who haven’t noticed, I have a spot on Forex TV, where I talk about the markets. In these interviews I speak about currencies that I cover in the weekly outlooks, and
The King Wants and Gets a Weak Pound
Mervyn King continues to dominate the Pound’s agenda, and not in a positive way. His big hints about more QE pound the pound as it makes another attempt to break the support line. The governor of the Bank of England, Mervyn King, hurt the Pound once again. In his appearance in parliament, the agenda was
Currensee Raises $8M for Expansion Outside the US
Social forex site Currensee got new funding from investors. These funds will fuel expansion into the UK, Europe and Asia, development of the platform and the Trade Leaders program in which you can follow and mimic real trades of successful traders. Raising money for start ups isn’t so common since the breakout of the financial crisis.
Video Weekly Outlook
On the weekly interview on Forex TV with Julie Sinha, I spoke about the market’s mood in the upcoming week, calendar events to watch, the bearish and the bullish pairs and the possible breakouts. Enjoy! The kiwi dollar is expecting an interesting week, with important quarterly releases. Also the Swissy awaits interesting events, but they
Forex Daily Outlook – February 23rd 2010
A busy day expects traders, with a major survey in Europe, American consumer confidence and lots more. Let’s see what’s awaiting us. There’s still lots of talk about Bernanke’s mini rate hike. Although Monday saw some recovery, there’s still a notion that the Federal Reserve will be one of the more aggressive central banks regarding
Forex Daily Outlook – February 22nd 2010
There’s a busy week ahead, but Monday’s calendar is quite light. Here’s an outlook for the few events and the factors that will impact trading. Ben Bernanke shocked the financial markets near the end of last week with a hike of the interbank discount rate. While Federal Reserve officials downplayed this move and announced it
Forex Weekly Outlook – February 22-26
After another wild week and a very surprising rate hike, the last week of February also has its share of big events. Bernanke will continue to dominate the scene with two testimonies and revised GDP in the UK and the US will supply an exciting end to the week. And there are more market moving
EUR/USD Outlook – February 22-26
A sixth negative week brings the Euro close to another major support line. The upcoming week is quite eventful in the Euro-zone, with the IFO survey, inflation numbers and final German GDP standing out among the many events. Here’s an outlook for this week’s European events, and an updated technical analysis for EUR/USD on its