Archive for July, 2010
NZD/USD Outlook – August 2-6
Employment figures dominate the upcoming week’s kiwi trading. Here’s an outlook for the events in New Zealand and an updated technical analysis for NZD/USD. NZD/USD daily chart with support and resistance lines on it. Click to enlarge: The kiwi reached new highs in the past week, on top of the expected rate hike, but it
USD/CAD Outlook – August 2-6
The loonie will move on US data during most of the week, but the busy end of the week promises tension. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. USD/CAD daily chart with support and resistance lines on it. Click to enlarge: Canada’s monthly GDP rose by 0.1%, exactly
EUR/USD Outlook – August 2-6
The rate decision stand in the center of a week full with economic indicators. Here’s an outlook for the European events and an updated technical analysis for EUR/USD. EUR/USD daily chart with support and resistance lines on it. Click to enlarge: The Euro edged up in the past week, but did it with hesitation. It’s
Forex Articles for Closed Markets – July 31 2010
After a busy week of trading, and before an even busier week ahead, it’s time to sit back and enjoy the weekend with some long-term forex-related articles. Enjoy: Francesc Riverola reports that the volume of forex trading is growing double-digits in the 6 months that ended in April. Forex is getting the deserved attention. Larry Greenberg
European trouble sends EUR/USD down
EUR/USD is under 1.30 once again, after bouncing at the resistance line, suffering from weak economic data, and with Spain causing worries once again. It now approaches the lower border of the steep uptrend channel. Here’s an update. I’ve discussed the EUR/USD uptrend channel in the article on Tuesday about Euro/Dollar at resistance. I wrote
You Wouldn’t Go To War Without A Plan… So Why Trade That Way?
Guest post from visionsofaffluence.com When most of us start out in the trading business we view it as the path to quick riches. We think that all we have to do is find a indicator, slap it on a chart and then voila we will be transformed into expert traders. This couldn’t be further than the
Forex Daily Outlook – July 30 2010
U.S. Advance GDP, US Employment Cost and Canada’s GDP are the major event at the end of another trading week. Here is an outlook on today’s events. In the US, Advance Gross Domestic Product, the main measure of economic activity and growth in the world’s largest economy will bring the preliminary estimate of the U.S.
How to Make Profitable Entries in Your Forex Trading
Guest post by Kris Matthews tradeforexfundamentally.com Have you ever put a trade on after seeing the market run nicely in one direction only to see the market immediately move in the opposite direction? Have you ever waited for a pair to come down to a specific price level that you were certain would hold, only
Eur/Usd Trading – 3 Tips That Will Make You the Next George Soros!
Guest post from visionsofaffluence.com Ok, so maybe I exaggerated a bit about you becoming the next George Soros but with these tips you will definitely be able to make a lot of money
Forex Daily Outlook – July 29 2010
U.S. Unemployment Claims the early indicator of Non-Farm Payrolls is the highlight of today’s news. Let’s see what awaits us today. In the US, Unemployment Claims rose last week to 464K worse than expected a smaller rise to 457K is expected now. As an early indicator of Non-Farm Payrolls it has a major effect on