Aussie Rising With Economy

Australian GDP surprised in Q2 with a strong growth rate of 1.2%, higher than expected. This helped AUD/USD settle above 0.90 and aim for the next resistance level. Update on this high yielding currency. Australia publishes its Gross Domestic Product quite late, and doesn’t provide preliminary releases. After all the wait, the news were good:

Forex Daily Outlook – August 31 2010

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 [...]

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 [...]

Forex Daily Outlook – August 3 2010

U.S. Pending Home Sales, Core PCE and Factory Orders are the major events on our menu. Here is an outlook on today’s market moving events. In the US,  Pending Home Sales measuring the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction predicted a [...]

AUD/USD Outlook – August 2-6

A very busy week expects Aussie traders, with the rate decision standing in the limelight. Here’s an outlook for the 13 events that will rock the Aussie, and an updated technical analysis for AUD/USD. AUD/USD daily chart with support and resistance lines on it. Click to enlarge: The quarterly release of CPI was weak in [...]

Forex Daily Outlook – July 1 2010

Another busy day is ahead with American Unemployment Claims, American ISM Manufacturing PMI and American Pending Home Sales. Many other events will be reviewed today. Here’s an outlook for the market-moving events that are awaiting us. In the US, American Unemployment Claims: This weekly figure is still causing trouble for the dollar. Jobless claims refuse to [...]

AUD/USD Outlook – June 28 – July 2

Retail Sales as well as building approvals are the highlights in a busy Australian week. Will the Aussie continue north? 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 Chinese move on the yuan is great [...]

Forex Daily Outlook – June 1 2010

Important events are with us today; US national ISM Manufacturing PMI and Canada’s BOC Rate Statement and Overnight Rate reports are issued. This events stand out I today’s news. In the US, ISM Manufacturing PMI is expected to drop to 59.6 from 60.4 in May. This drop comes after nine consecutive months of expansion but [...]

AUD/USD Outlook – May 31 – June 4

A very busy week expects Aussie traders: a rate decision, the GDP release and 11 more events will shake the Australian dollar. Here’s an outlook for the Australian events and an updated technical analysis for AUD/USD. AUD/USD graph with support and resistance lines marked. Click to enlarge: The Australian dollar enjoyed a significant recovery this [...]

Forex Daily Outlook – May 5 2010

U.S. ADP Non-Farm Employment Change is looking good, The ISM Non-Manufacturing PMI is also on the rise and U.S. Federal Reserve Bank of Boston President Eric Rosengren delivers a speech. These items together with more good news, await us today. In the US, ADP Non-Farm Employment Change, estimates a rise of 29000 in the number [...]

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