Market Reacts Slowly But Powerfully to the Strong US Growth (Updated Post)
Advance GDP for the fourth quarter showed a super-strong growth of 5.7%, much better than expected. The market’s reaction wasn’t strong at first. There are two reasons for this slow initial response.
The highest growth rate in 6 years doesn’t impress the markets at first. EUR/USD (in a lower range) traded at 1.3940, only 30 pips [...]
Forex Weekly Outlook – January 25-29
A busy week is ahead of us: rate decision in the US, Japan and New Zealand and GDP releases from the US, UK and Canada are part of an eventful week. Will we see more dollar strength? Here’s an outlook for the last week of January.
Beginning on Wednesday, the World Economic Forum meets in Davos, [...]
Forex Daily Outlook – October 29th 2009
The dollar continues to sweep the markets. Today’s calendar is quite busy, with American GDP standing out. Did the US get out of recession? Or will we see a disappointment like in Britain? Let’s review the main events for today:
Australian HIA New Home Sales fell by 4.5%, which was rather disappointing. The Aussie is now trading at 0.8995, [...]
Forex Weekly Outlook – October 26-30 2009
The last week of October provides American and Canadian GDP, rate decision in New Zealand and Japan, and many other important figures from all over the globe. Will the dollar continue weakening? Let’s see what will affect the markets this week.
General dollar weakness didn’t affect all the currencies. Some have their own troubles. In the [...]
Friday Effect Hurts Dollar but Doesn’t Break Any Levels
Late on Friday afternoon, the US dollar lost ground. It came about the 3 hours after the surprising GDP release. Despite the sharp moves, the dollar just lost its gains from previous, and no significant technical barriers were breached. Maybe next week’s Non-Farm Payrolls will make the market explode.
American Advance GDP for the second quarter [...]
Forex Daily Outlook – July 31st 2009
Another month comes to end. This time it’s with a bang! American Advance GDP for the second quarter is causing anxiety all over the globe. Also watch out for the Canadian GDP and other figures. Let’s see what’s up or today.
Australian Private Sector Credit is expected to rise by 0.1% after falling by 0.1%. AUD/USD got [...]
Forex Weekly Outlook – July 27-31 2009
The last week of July begins slowly but ends with a bang: American GDP for the first quarter. Also note Durable Goods Orders, a rate decision in New Zealand and GDP in Canada. Let’s see what’s up for the last week of July, and also the last week before the NFA ruling is here.
keep looking »Popular Forex Posts
Daily FX Headlines- Forex Weekly Trading Forecast - 03.15.10 March 15, 2010
- Price Action Points to a Bullish Breakout but Market Fundamentals May Force a Collapse March 15, 2010
- Euro Reverses from Parallel Channel Resistance 03-15 March 15, 2010
- Light Crude 03-15 March 15, 2010
- Gold 03-15 March 15, 2010
Stay up to date!
-
-
