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GBP/USD Outlook – October 10-14

GBP/USD Outlook – October 10-14

The British pound challenged recent lows, but managed to recover in a volatile week. Employment figures are the highlight of this week, among quite a few other events. Here is an outlook for these events, and an updated technical analysis for GBP/USD. The huge QE program introduced in the UK pounded the pound, that fell to levels

Forex Daily Outlook – September 23 2011

Forex Daily Outlook – September 23 2011

BBA Mortgage Approvals in the UK is the major market-movers. Let see what awaits us today. Group of Twenty (G20) Meetings -Day 2, an influential worldwide policy-making group that is working at the highest level and impact the currency markets. International Monetary Fund (IMF) Meetings that are usually been held twice a year for the

EUR/USD Sep. 22 – Trying to Stabilize After Bernanke’s Blow

EUR/USD Sep. 22 – Trying to Stabilize After Bernanke’s Blow

Euro dollar is settling in low ground after the big blow it got from the action and especially the inaction by the FOMC. Today’s busy calendar could open the door for more falls.  Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian session: Falls were slightly extended, and

Forex Daily Outlook – September 22 2011

Forex Daily Outlook – September 22 2011

US unemployment claims and Canadian retail sales are the major events this day. Let’s see what awaits us today. In the US, Unemployment Claims the number of Americans filing their initial unemployment claims increased more than predicted to 428,000 from 417,000 in the preceding week indicating uncertainty in the job market. A drop to 419,000

AUD/USD Outlook – September 19-23

AUD/USD Outlook – September 19-23

The Aussie had a very volatile week which it eventually closed lower. The highlight of the upcoming week is the meeting minutes, which might provide guidance on future policy. Here is an outlook for these events, and an updated technical analysis for AUD/USD. The Australian dollar couldn’t escape the European worries, and dipped to the 2010 peak.

Forex Daily Outlook – September 9 2011

Forex Daily Outlook – September 9 2011

Canadian Employment data and the G7 meeting are the major events this day. Here is an outlook on the market-movers awaiting us. In the US, Wholesale Inventories. The value of merchandise inventory increased less than predicted in June rising 0.6% after an increase of 1.7% in the previous month. A rise of 0.8% is expected

Forex Daily Outlook – August 24 2011

Forex Daily Outlook – August 24 2011

Core Durable oods Orders and German Ifo Business Climate are the main events today.  Here is an outlook on the market-movers awaiting us. In the US, Durable Goods Orders, monthly report to value the new manufacturer’s orders for durable goods, a rise to 2.1% from 19% on July is expected. Meanwhile on the Core Durable

AUD/USD Outlook – August 22-26

AUD/USD Outlook – August 22-26

The Aussie made a significant recovery attempt, but couldn’t cope with the global storm. The upcoming week is relatively light in terms of indicators, but that doesn’t mean it will boring. Here is an outlook for the events awaiting us, and an updated technical analysis for AUD/USD. Meeting minutes released by the RBA have shown

EUR/USD Aug 18 – Cannot Hold onto Higher Range

EUR/USD Aug 18 – Cannot Hold onto Higher Range

Euro dollar is sliding within range after a move to a higher range didn’t work out. While Spanish and Italian bonds continue falling, the lack of growth in the euro-zone is a heavy weight on the common currency. Will it make a big dive, or is it taking a pause before the next rise?A big bulk

Forex Daily Outlook – August 18 2011

Forex Daily Outlook – August 18 2011

Existing Home Sales in the US and Retail Sales in the UK are the major market-movers. Let see what awaits us today. In the US, Consumer Price Index (CPI), measurement to value the goods and services prices, a raise -0.2% to 0.2% is forecasted this month. Meanwhile the Core CPI (excluding food and energy) is