Archive for August, 2010
NZD/USD Outlook – August 23-27
The release of inflation expectations is the highlight of this week’s kiwi indicators. Here’s an outlook for the kiwi in the upcoming week. NZD/USD chart with support and resistance lines marked. Click to enlarge: On one hand, producer prices rose more than expected, boosting the kiwi on expectations for fresh rate hikes. On the other
USD/CAD Outlook – August 23-27
Loonie traders expect a calm week in terms of Canadian events. Here’s an outlook for these events and an updated technical analysis for USD/CAD. USD/CAD chart with support and resistance lines marked. Click to enlarge: Most indicators were weak last week – foreign cash flows squeezed significantly, wholesale sales shrunk, and Core CPI unexpected dropped,
AUD/USD Outlook – August 23-27
The upcoming week consists of three market moving events in Australia, as well as political echoes after the elections ended in a hung parliament. Here’s an outlook for these events and an updated technical analysis for AUD/USD. AUD/USD chart with support and resistance lines marked. Click to enlarge: The meeting minutes and RBA governor Glenn
EUR/USD Outlook – August 23-27
After losing the uptrend support line, another busy week expects Euro traders, with many important surveys due this week. Here’s an outlook for the 9 events that will shape the Euro’s trading, and an updated technical analysis for EUR/USD, now at lower ground. EUR/USD chart with support and resistance lines marked. Click to enlarge: The
Forex Links for the Weekend
After a busy week of tense range trading, the markets are now closed, and it’s time to sit back and enjoy some long-term forex-related articles. Here are the picks. Enjoy: Andrei lays out the third part of series about the “biggest forex scam”. In a related matter, also signal providers may be problematic. If you’re
Stand Out And Prosper Or Conform And Fail
Guest post from visionsofaffluence.com There are times when following the pack is great. Like if you’re walking down the street and you see all the people ahead of you turning and running in the opposite direction, its probably a good idea for you to do the same. In fact it’s the natural response and part of
EUR/USD Drops Under Long Term Uptrend Support
EUR/USD broke under the long-term uptrend support line that began at its year to date low on June 7th and extended up to now. A sharp fall sent the pair significantly lower. The move still needs to be confirmed. Update on the breakout Update 9:55 GMT: EUR/USD is now at
EUR/USD Aug. 20: Euro Around Long Term Support Again
EUR/USD made a round trip and now returned to the area of the long term uptrend support. Will it close the week above the line? Or will it collapse? Here’s a quick update on fundamentals, technicals and community trends
Forex Daily Outlook – August 20 2010
We finish the week with some interesting news in Canada CPI, Ric Battellino speech in Redcliffe and more. Let’s see what awaits us today. In Canada, Core Consumer Price Index (CPI); the price of goods and services purchased by consumers, excluding the 8 most volatile items has decreased by 2% and Consumer prices account for
What Your Mother Never Told You About Trading
Guest post from visionsofaffluence.com If you think that trading is going to be a magic bullet that is going to make you rich overnight with little effort then I’m sorry to have to be the one to break it to you but you are dead wrong. I mean I don’t blame you for thinking that because