Fundamental Overview – Market Movers Last Week – 8/30/2010
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 [...]
[Video] Yen Intervention, Euro Bears and Aussie Action
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 [...]
AUD/USD Outlook – August 30 – September 3
A very busy week expects Aussie traders, with GDP and 12 other events to rock the currency, that still shakes by the election results. 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 marked. Click to enlarge: The elections ended in a [...]
US GDP Sharply Revised Downwards – Trading Remains Tight
The second release of GDP for the second quarter was indeed bad – a downwards revision from 2.4% to 1.6%, slightly better than a revision to 1.5%. The initial reaction was dollar positive, but this was quickly erased. EUR/USD was down from 1.2720 (almost the resistance line) to 1.27. This drop was very limited and [...]
Fundamental Overview – Market Movers Last Week – 8/23/2010
Guest post by ForexTraders.com The U.S. Dollar did not move much last week, and showed mixed results overall in terms of its performance against the other major currencies. Traders reported that the primary shock to the Dollar’s fortunes was the news out last Thursday that U.S. Initial Jobless Claims had risen to the psychological 500K mark [...]
Fundamental Overview – Market Movers Last Week – 8/16/2010
Guest post by ForexTraders.com The U.S. Dollar’s fortunes reversed considerably last week, as the Greenback rallied on increased risk aversion after China showed disappointing import figures. Also helping the Dollar’s fortunes was the FOMC’s indication that the Fed would be buying long term Treasuries with repayments from agency debt and mortgage backed securities. The Greenback gained [...]
AUD/USD Outlook – August 16-20
Aussie traders expect 6 market moving events in the week after Bernanke’s blow. Here’s an outlook for the Australian events, and an updated technical analysis for AUD/USD. AUD/USD graph with support and resistance lines on it. Click to enlarge: Australia’s job data didn’t exceed expectations as it did in previous month, yet it was still [...]
Aussie Consolidates After Mixed Job Data
Australian employment data was somewhat confusing – with a rise in the unemployment rate but a nice gain in jobs. After the blow AUD/USD got from the Fed decision, together with other currencies, it managed to consolidate. Update. The Australian unemployment rate unexpectedly rose from the low level of 5.1% back to 5.3%. Australia’s rate [...]
Fundamental Overview – Market Movers Last Week – 8/09/2010
Guest post by ForexTraders.com The U.S. Dollar continued showing signs of weakness last week on the back of an overall disappointing set of economic numbers from the jobs sector in the United States. The Greenback fell significantly against all the major currencies except for the Canadian Dollar, against which it only fell by 0.1%.
AUD/USD Outlook – August 9-13
The release of employment data is the main event for the rising Aussie. Here’s an outlook for the Australian events, and an updated technical analysis for AUD/USD. AUD/USD chart with support and resistance lines marked. Click to enlarge: Glenn Stevens left the interest rate unchanged at 4.50%, exactly as expected. The Aussie enjoyed other figures [...]
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