Archive for May, 2010
5 Reasons to Invest in the Israeli Shekel
Guest post by Melissa Tamura Nowadays, many investors have become wary of the dollar, with all of the money printing that has gone on stateside in the last two years. The money supply was grown at a rate of 300%, and this assuredly spells inflation disaster and currency devaluation troubles in the near to medium
Canadian dollar Rises on Great GDP
The Canadian economy grew by 0.6% in March, slightly better than expected. USD/CAD reacted with a drop, and is now approaching an important support line. Update on this strong currency. Canada’s GDP for the month of March grew by 0.6%. This exceeded expectations for a growth rate of 0.5%. It’s important to note that this
Forex Daily Outlook – May 31 2010
The week begins with several important events, despite a holiday in the US and Britain. Canada’s GDP and a speech from Trichet are the highlights of the day. Japan’s Prelim Industrial Production rose by 1.3%, half of early expectations that stood on 2.6%. This weakens the yen – USD/JPY is making an upwards move. There’s
Best Non-Farm Payrolls in 13 Years?
The upcoming Non-Farm Payrolls release on June 4th holds high expectations – a job gain of 500K jobs, the best since 1997, but this includes special government hiring. Here are the things to watch for in this release, and the expected impact on currencies. It’s important to stress that the Non-Farm Payrolls release is the
Forex Weekly Outlook – May 31 – June 4
The upcoming week is very busy: we have rate decisions from Canada and Australia, GDP from various countries and the almighty Non-Farm Payrolls to end the week with a blast. Here’s the outlook for the major events that will impact forex trading. The markets calmed down, at least temporarily, after China denied dumping the Euro.
EUR/USD Outlook – May 31 – June 4
Employment figures are the highlight of this week’s busy European calendar, as the old continent continues to struggle with the contagious debt disease. Here’s an outlook for the events the will move the Euro, and an updated technical analysis for EUR/USD. Euro/Dollar graph with support and resistance lines marked. Click to enlarge: The report that
Engulfing Candle: A Powerful Technique That Will Boost Your Profits
Guest post by Jason Madison of beatwallstreetnow.com Hello All, I hope the forex markets have been treating you well and also that the techniques I have showed you have helped in your trading. Today I am going to be showing you a new technique that will surely help you in your quest to become an elite
GBP/USD Outlook – May 31 – June 4
The British Pound is closely tied to the Euro, and didn’t manage to close higher. The upcoming week has many important events that will shake the Pound. Here’s an outlook for those events and an updated technical analysis for GBP/USD. GBP/USD graph with support and resistance lines marked. Click to enlarge: Britain’s growth rate for
AUD/USD Outlook – May 31 – June 4
A very busy week expects Aussie traders: a rate decision, the GDP release and 11 more events will shake the Australian dollar. Here’s an outlook for the Australian events and an updated technical analysis for AUD/USD. AUD/USD graph with support and resistance lines marked. Click to enlarge: The Australian dollar enjoyed a significant recovery this
NZD/USD Outlook – May 31 – June 4
The kiwi managed to end a volatile week higher, moving mostly on higher inflation expectations and an improved surplus in its trade balance. The kiwi will move mostly on technicals in the upcoming week. Here’s an outlook for the events in New Zealand and an updated technical analysis for NZD/USD. NZD/USD graph with support and resistance