Archive for April, 2010
USD/CAD Parity Battle Continues on Slower Canadian Growth
Canadian monthly GDP rose by 0.3% in February, slower than expected. This sets the stage for a close above parity this week. Will the rate decision wait? The rise of 0.3% missed early expectations that saw a 0.5% growth rate in February, although some economists saw this smaller growth rate. This was half of January’s
Forex Daily Outlook – April 30 2010
Moderate changes in the major indexes are foreseen in the U.S. and European markets. The GDP and Employment Cost Index in the U.S. open today’s report. Let’s see what awaits us today. In the US, Advance Gross Domestic Product (GDP), is the earliest GDP release, measuring the annualized change in the inflation-adjusted value of all
Inside Candle Breakout Technique for Profit on EUR/USD
Guest post by Jason Madison, independent trader and founder ofBeatWallStreetNow.com Hello All, I hope you found the inside candle breakout technique I showed to be useful, and I hope some of your went on to use it to make a few pips for yourselves. Today I am going to show you how I used this
Forex Daily Outlook – April 29 2010
Great news from the U.S. – Unemployment decrease and US Treasury Secretary Timothy Geithner’s testimony before the House Appropriations Committee, in Washington DC are at the front of the news today. Let see what else awaits us this day. In the US, Unemployment Claims report, released weekly, shows a decrease in the number of expected
Are you a forex winner? Show it
Registration to FXStreet’s Forex Trader of the Year contest ends at the end of Sunday, May 2nd. This contest is an excellent opportunity to show your skills, see what others are doing and also win prizes. No need to open a special account for the contest. This is the fourth time that this contest is
Dollar Bulls Raging – Will the trend continue?
The US dollar is on the move – fresh American data and fresh European worries send EUR/USD to new lows.Also other currencies are surrendering to the dollar – the US dollar index gave us signs of this breakout last week. Now it happens. You can guess which currency stands firm against the dollar. A sustainable
Forex Daily Outlook – April 28 2010
FOMC and Federal Funds Rate statements are released in the U.S. Inflation rates drop in Germany but rise in Australia. These are just a few of the events awaiting us today: In the US, Federal Open Market Committee issues its statement regarding interest rates and Monetary Policy. This will influence current market activity as well as
Rate Statement Wording, Canadian Strength and Potential Breakouts – Video Outlook
In the weekly interview with Julia Sinha on Forex TV, I spoke about the strength of the Canadian dollar, the careful wording of this week’s many rate decisions and some potential breakouts. The kiwi already broke out. Where is the next one? Want to see what other traders are doing in real accounts? Check out
Forex Daily Outlook – April 27 2010
A good stat of the week for US market Consumer Confidence index and House Price Index are expected to rise. A Positive tendency is also felt in other markets. Let’s see what awaits us today. In the US, Consumer Confidence is up in the US, a leading indicator of consumer spending released monthly shows an
Forex Daily Outlook – April 26 2010
Last week’s busy events made way for a calmer start though they continue to affect the market. The second day of the IMF meetings together with the speech of Mr. Jean-Claude Trichet, president of the European Central Bank starts another interesting trading week. Let’s see what awaits us today. In Europe, The president of the