Recent Articles
Greece Already Misses 2012 Targets – Anti Austerity Government Could Emerge
A new year brings new disappointments in Greece. The debt struck country expected to see a year over year rise of 8.9% in budget revenue in January. Instead, tax revenue dropped by 7%, 1 billion euros short of target. The ongoing suffering in Greece could lead to an anti-austerity left wing government. Greek tax collection
EUR/USD Feb 8 – Bouncing from High Resistance on Slow Greek Progress
Euro dollar bounced off high resistance after the break higher yesterday. Political leaders in Greece made significant steps forward, and also the ECB may be willing to indirectly accept losses on Greek bonds, lowering the debt load on the Hellenic Republic. It seems that Germany counters this concession with a new idea to postpone the lion’s
Commodities Supportive For Majors – Video Analysis
Hello traders! Stocks are higher and the USD reached new lows against the majors during Asian session. It seems that this type of a price action will continue this week, especially after a sharp impulsive break on EUR/USD yesterday out of its 6-day consolidation range. USD weakness is also seen across the board because of higher
GBP/USD: Trading the British Manufacturing Production
The British Manufacturing Production indicator provides analysts and traders with a snapshot of the health of the UK manufacturing sector. A reading which is higher than the market prediction is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Thursday at 9:30 GMT. Indicator Background The British
Forex Daily Outlook February 8 2012
In the US FOMC Member Williams Speaks and Housing Starts in Canada are the main events today. Here is an outlook on the market-movers awaiting us today. In the US, Crude Oil Inventories, the number of crude oil barrels in inventory over the last week, is about to remain 4.2M similar to the last week’s
NZD/USD: Trading the New Zealand Employment Change
The New Zealand Employment Change indicator is an important leading indicator which often has a significant impact on the markets. Traders and analysts carefully examine employment figures, looking for any trends which could affect NZD/USD. A reading which is better than the market forecast is bullish for the New Zealand dollar. Here are the details and 5 possible outcomes for NZD/USD. Published
FX BootCamp Joins the FXstreet Ad Network
FX Bootcamp, a site that specializes in the education of forex traders, is the 4th site that is managed by FXStreet. The ad space of Forex Crunch is managed by FXStreet since April 2011. I am very happy and honored to have the excellent management of the FXStreet team. MyFxBook and FXTimes are also on
EUR/USD Breaks Resistance On Greek Hope, Bernanke’s Gloom
Serious progress has been made among Greek politicians in accepting the troika’s demands. In the US, Ben Bernanke refused to cheer the drop in the unemployment rate and found negative aspects to cling to. Both events sent EUR/USD above the 1.3212 line and is now at the highest levels in 2012. It still has room
Forex Trading: Walk Before You Run
If you are new to forex trading, taking things slowly and gradually will help you not only survive, but will also increase your chances of long term success. Taking this slowly applies to the time and money spent in trading and also your education as a trader. Here are four tips for taking it easy.
Growing Divide Between Stability of US and European Banks
Among the 28 officially identified Systemically Important Financial Institutions (SIFIs), there is a clear divide between the relatively low leveraged US banks, and some of their European peers, which are highly leveraged. European banks are still in the process of deleveraging. They received significant help from the European Central Bank via the LTRO, and are expected