Archive for September, 2010
Canadian Contraction – A Sign for the US?
The Canadian economy squeezed by 0.1% in Jult, the first month of Q3. While the figure came out within expectations, it’s a warning sign for Canada’s biggest trade partner – the
This Emotion Will Destroy Your Trading Career
Guest post from visionsofaffluence.com So you just had a few good trades and now you feel like you’re on top of the world. You feel like you finally have this forex trading thing down and that from here on out everything that you touch will turn to gold. You are unstoppable and pretty soon you will
EUR/USD Sep. 30 – Pushing Higher After Irish Dip
EUR/USD dipped before the Irish news was released but returned back to the previous range and even pushes higher towards important resistance. Where will the Euro go on this busy day? Here’s a quick update on , fundamentals, fundamentals, and community trends
Euro Rally Endangered By Anglo-Irish Fate
The Irish government will unveil a new plan for rescuing the Irish-Anglo bank on Thursday. The Irish finance minister said that a failure to keep the bank alive will “bring down” Ireland. Up to now, nothing has stopped the Euro rally. But saving the bank can have a contagious cost and could stop the impressing
Forex Daily Outlook – September 30 2010
A very hectic day is expected. In the US Fed Chairman Bernanke Testifies & speaks in Washington DC; in Canada GDP; Building Approvals in Australia; NBNZ Business Confidence in New Zealand and more interesting news. Let’s see what awaits us today. In the US, Federal Reserve Chairman Ben Bernanke testifies on implementation of the Dodd-Frank
5 Most Predictable Currency Pairs II
Some currency pairs tend to “play by the rules” of technical analysis – when approaching a clear line of resistance or support, the pair will bounce back. And if the pair has the momentum to cross the line, it makes a clear break and doesn’t look back. But not all currency pairs are equal. Some
Will the Aussie Pause on the Way Up?
The Australian dollar celebrated on the greenback’s weakness and reached new two-year highs. It’s now facing important fundamental and technical tests. AUD/USD is now trading at 0.9710, after already reaching 0.9730. These levels were reached after yet another break
EUR/USD Sep. 29 – At New Highs Before Irish Decision
EUR/USD reached fresh highs and now approaching resistance. A day before the big Irish decision, here’s a quick update on , technicals, fundamentals, and community trends
Forex Daily Outlook – September 29 2010
U.S. Crude Oil Inventories, FOMC President Eric Rosengre speeks in New York and KOF Economic Barometer in Switzerland are the major events on our calendar. Here is an outlook on today’s market- moving events. In the U.S. Crude Oil Inventories rose by one million last week after a decrease of 1.5M in the week before.
Euro Tests, Canadian Weakness and Debt Worries in the Video Outlook
On the weekly interview on Forex TV, I spoke with Julie Sinha about the tests that await the strengthening Euro, debt worries in Europe and in the US, and the relative weakness of the Canadian dollar. The interview also consists of a calendar overview and technical levels of selected pairs. Enjoy