Archive for June, 2010
Education – The First Step to Make Forex More Mainstream
Currency trading is growing rapidly worldwide, yet it’s still far from the mainstream. Education has a primary role in making a change. This is the first article in a series of articles about forex coming into the mainstream. Many newcomers to forex trading don’t know what they’re doing. This is no secret. This lack of
Fundamental Overview – Market Movers This Week – 6/28/2010
Guest post by ForexTraders.com Although the U.S. Dollar was more or less neutral versus the Euro on the week, the British Pound Sterling was up 1.6% as the market reacted favorably to the new Conservative/Lib Dem government’s Emergency Budget. The Greenback sold off even further last week against the Aussie, Kiwi and Yen in the wake
Forex Daily Outlook – June 30 2010
American ADP Non-Farm Payrolls, Canada’s GDP, British Final GDP, Swiss KOF Economic Barometer and Japan’s Tankan Manufacturing Index make the current headlines. Let’s review today’s activities. In the US, American ADP Non-Farm Payrolls: The report for the private sector is sometimes called the “mini Non-Farm Payrolls”. In many months, it didn’t predict the direction of
TV Broadcasts on Winners Edge Trading
I’m happy to report that Casey Stubbs starts a daily show for traders. The show will be aired every day at 7:30 EST (11:30 GMT) and will provide practical trading advice based on the experiences of long-term forex traders. The presentations will be led by Michael Storm from Winners Edge Trading although there will be
Forex Daily Outlook – June 29 2010
Some exciting news in the US with S&P/CS Composite-20 HPI, in Britain the Net Lending to Individuals and more interesting events, let’s see what await us today. In the US, a slit rise in the Conference Board (CB) Consumer Confidence, a survey of about 5,000 households which asks respondents to rate the relative level of
Jobs Hangover? Non-Farm Payrolls Preview
The upcoming release of the Non-Farm Payrolls will be a correction from the previous release due to government’s cut in jobs. Here’s a preview for the NFP on July 2nd, and the things to watch out for. The decennial census that was held in May had an impact on Non-Farm Payrolls from the beginning of the year.
Forex Daily Outlook – June 28 2010
We start the week with exciting news; in New Zealand the NBNZ Business Confidence, Survey, The Group of Twenty (G20); is entering the second day, in Japan the Retail Sales are rising and lots more, let’s see what awaits us today. In the US, Federal Open Market Committee (FOMC); Reserve Governor Kevin Warsh speaks at
Forex Weekly Outlook – June 28 – July 2
The beginning of the new month is busy as always, culminating with the Non-Farm Payrolls. There are lots of other major events as well. Here’s an outlook for the market-moving events that are awaiting us. The Chinese central bank lifted the peg on the yuan, in a move that was anticipated for a long time.
EUR/USD Outlook – June 28 – July 2
The troubled Euro expects inflation and employment figures in the upcoming week. Here’s an outlook for the events that will move the Euro, and an updated technical analysis for EUR/USD. EUR/USD daily chart with support and resistance lines on it. Click to enlarge: In the past week, the Euro got a positive indicator from the
GBP/USD Outlook – June 28 – July 2
Final GDP and purchasing managers’ indices lead the busy economic calendar in the UK. Here’s an outlook for the events in Britain and an updated technical analysis for GBP/USD. GBP/USD daily chart with support and resistance lines on it. Click to enlarge: The headline from the British government’s emergency budget is a raise of sales