Archive for September, 2010
AUD/USD Outlook – September 20-24
After reaching a two year high, we’ll get to hear the views of the central bank about the economy. Here’s an outlook for the Australian events and an updated technical analysis for AUD/USD. AUD/USD daily chart with support and resistance lines on it. Click to enlarge: The steaming hot Chinese economy contributed to the Aussie’s
USD/JPY Outlook – September 20-24
USD/JPY saw a very exciting week with the intervention finally happening and sweeping the markets. The upcoming week is light in terms of events, so the technicals will play a bigger role. Here’s an outlook for Japanese events and an updated technical analysis for USD/JPY. USD/JPY daily chart with support and resistance lines on it.
EUR/USD Outlook – September 20-24
The Euro enjoyed the dollar’s weakness and will now face many important surveys and PMI figures among other indicators. Here’s an outlook for 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 speculation from Goldman Sachs that the Federal Reserve will
Forex Weekly Outlook – September 20-24
The FOMC meeting is the highlight of a busy week, with US figures dominating the scene: home sales, durable goods orders and building permits. Here’s an outlook for the major events in the upcoming week. Japanese are on holiday on Monday and on Thursday, yet the BOJ will probably follow up on the big intervention
Forex Articles for the Weekend September 18
After a roller coaster week, the markets are closed, and its time to sit back and read some more long-term articles. Here are my favorites from all over the web. Enjoy: Exactly one month is left until the new 50:1 leverage limit is applied in the US. It will be interesting to see how traders
EUR/USD Loses Uptrend Channel on Risk Aversion
EUR/USD traded in a steep uptrend channel (graph below). Starting with another reminder of debt issues from Ireland and with a contribution of weak American consumer sentiment, risk aversive trading sent the below uptrend support
EUR/USD Sep. 17- Rising Rapidly in Steep Channel
EUR/USD continues pushing forward in a steep uptrend channel. The crowded US calendar promises an exciting close to the week. Here is a quick update on technicals, fundamentals, and community trends
Forex Daily Outlook – September 17 2010
U.S. Consumer Price Index, U.S. Consumer Sentiment and U.S. Preliminary UoM Inflation Expectations are the main events wrapping up this trading week. Here is an outlook on today’s market – moving activities. In the US, Consumer Price Index, the leading measure of inflation in the US will probably validate the expectations for subdued inflationary pressures
Currensee Introduces Public Trader Profiles
Currense, the social network for forex traders, launched a new feature – public profiles. Users can opt in to share their real trading performance, bios, and trading strategies on social networks. Public profiles can be seen via a direct URL that can be shared on social networks such as Facebook, Twitter, and other networks. This
No Expectations, No Disappointments – Dollar Enjoys OK Data
Weekly unemployment claims didn’t rise and even fell by 3,000. Producer prices rose marginally more than expected. This supports the dollar across the board especially helping the yen intervention. The figures released in August were disastrous – employment, home sales, durable goods order, and almost every US indicator was significantly below consensus. For the Philly PMI,