EUR/USD Aug. 31 – Uptrend Channel Lost, Falling To Support
Posted on August 31, 2010
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EUR/USD lost ground steadily, fell below the uptrend channel and is approaching an important support. Will it collapse or bounce on this busy day? Here’s a quick update on technicals, fundamentals and community trends.
Fundamental Overview – Market Movers Last Week – 8/30/2010
Posted on August 31, 2010
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Guest post by ForexTraders.com
The U.S. Dollar turned in a mixed performance last week without moving much against any of the other major currencies.
Traders reported that the primary boost to the Dollar’s fortunes versus the Euro and Pound Sterling was the news out last Tuesday that the Standard and Poor’s rating agency had downgraded Ireland’s sovereign debt from AA+ to AA-.
[Video] Yen Intervention, Euro Bears and Aussie Action
Posted on August 31, 2010
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In the weekly interview on Forex TV, I spoke with Julie Sinha about this busy week with Non-Farm Payrolls providing the big bang.. There are still chances of a coordinated intervention in the Japanese yen, the Euro bears are getting stronger on risk aversive trading and the Aussie expects a very busy week, with upside prospects.
Enjoy:
Another comment about EUR/USD – it fell under a short term uptrend channel on the gloomy trade on Monday. The markets will be in full gear tomorrow as British bankers return from their holidays, and the economic calendar gets very very crowded.
Wednesday has some of the keys for the NFP, with the Manufacturing PMI and the ADP Non-Farm Payrolls to supply clues, especially on the private sector.
Check out Forex TV for commentary on forex trading.
Want to see what other traders are doing in real accounts? Check out Currensee. It’s free..
Forex Daily Outlook – August 31 2010
Posted on August 31, 2010
Filed Under Daily Forex Forecast | 1 Comment
U.S. Consumer Confidence, U.S. FOMC Meeting Minutes and Canada’s GDP are the major events on today’s menu. Here is an outlook on the market moving events awaiting us today.
In the US, Consumer Confidence Index forecasts a small increase in consumer confidence to 50.7 from 50.4 however an unexpected decline in the index would be possible due to the current deteriorating economic conditions.
A Little Mistake That Could Ruin Your Trading Career
Posted on August 30, 2010
Filed Under Forex Opinions, Guest Post | 3 Comments
Guest post from visionsofaffluence.com
In the world of trading there are very few mistakes that can be a costly as the one I am going described to you in this article. This mistake can be so costly that I have personally seen it set traders back years and even end some careers. This is also a very common mistake as pretty much every trader I have ever talked to myself included myself. So then what is this common mistake that could be debilitating to your trading career? That’s simple; it’s called moving your stops.
EUR/USD Aug. 30 – Tight Trading in New Uptrend Channel
Posted on August 30, 2010
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EUR/USD began this busy week with continued tense range trading, in a new uptrend channel that formed. Will it manage to break higher or collapse again below the channel? Here’s a quick update on fundamentals, technicals and community trends.
Reminder – Trivia Quiz Live and Kicking – Win Cash Prizes
Posted on August 30, 2010
Filed Under Forex News | 2 Comments
I wish to remind everybody that the forex quiz continues. We already have interesting developments.
The forex quiz consists of 4 simple questions. All you have to do is answer the questions and collect Facebook “Likes” from your friends. The answers to these questions can be easily found on both sites: Forex Crunch and Forex Rate It. You can explore the sites to find the answers. The quiz is open until September 6th.
The winners are the top three participants that received the highest amount of “Likes”. The winner will receive $100, the runner up – $50, and 3rd place will be awarded $25. The payment will be made directly to the participants’ PayPal accounts. There’s no need to open an account with any forex broker
The quiz, with the interactive scoreboard and the terms are here.
So, I invite you to participate and wish you success!
Forex Daily Outlook – August 30 2010
Posted on August 30, 2010
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A busy week begins with a busy day – US consumer spending is the highlight of today, amongst many releases from around the world. Will we see more devastating figures already today? Or will tension remain high until the Non-Farm Payrolls? Let’s see what’s up for today:
In New Zealand, economic figures are released early – Trade Balance is expected to turn negative – a deficit of 28 million is expected to follow a few months of surplus. Read more
Coordinated Intervention To Weaken the Yen?
Posted on August 30, 2010
Filed Under Forex News, Forex Opinions | 1 Comment
The Bank of Japan announced an immediate emergency meeting to begin very soon – Monday 00:00 GMT. There are expectations for new easing steps to boost the economy. But there might be more – Will we see a global coordinated intervention to weaken the yen? Yen crosses are already on the rise.
The governor of the BOJ, Masaaki Shirakawa, shortened his visit in Jackson Hole, where he met other central bankers, and returned swiftly to Japan. At 00:00 GMT, or 9:00 Japanese time, the BOJ is meeting for an emergency meeting. It happens as the week begins in Japan, and very early for JPY crosses in other places in the world: Read more
Forex Binary Options Setups – August 30 – September 3
Posted on August 29, 2010
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Non-Farm Payrolls, GDP releases, consumer confidence and many more high risk news event provide opportunities for binary options on currencies. Here are potential setups for forex this week.
Binary options can be utilized as an alternative to the traditional stop loss, as a tool for protecting against false breakouts and lots more. One-hour binary options can be used for trading on news events. Read more
« go back — keep looking »Popular Forex Posts
Daily FX Headlines- Forex Strategy Corner: Bollinger Bands Techniques for Trading September 2, 2010
- EUR/USD: Trading the Change in U.S. Non-Farm Payrolls September 2, 2010
- US Dollar Forex Options Sentiment Points to Pullbacks September 2, 2010
- The FX Market has now Entered the Pull of Friday NFPs September 2, 2010
- British Pound Forecast to decline Against Japanese Yen September 2, 2010
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