Forex Crunch » Chicago PMI

EUR/USD Jan. 31 – Rising in Channel While Ignoring Greece and Weak Data

Yohay — Tue, 31 Jan 2012 09:46:05 +0000

Euro dollar continues it’s near perfect channel trading and moves higher. The EU Summit failed to produce any news regarding the burning issues of Greece and weak figures from Germany and France. The Greek PSI deal is forever “close” as Portugal continues signs of following the Hellenic Republic. End-of-month moves also make the market more choppy. Will the pair fall when the month ends?

Here’s an update on technicals, fundamentals and what’s going on in the markets.

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Forex Daily Outlook January 31 2012

anat — Mon, 30 Jan 2012 22:00:20 +0000

US CB Consumer Confidence and Canadian GDP are the major events today. Here is an outlook on the market-movers awaiting us

In the US, CB Consumer Confidence increased more than predicted to 64.5 in December from 55.2 in November indicating an elevated confidence among households. A further improvement to 68.2 is expected now.

Read the rest of the article Forex Daily Outlook January 31 2012

EUR/USD Dec. 29 – Still Vulnerable After Crash, Eyeing YTD Low

Yohay — Thu, 29 Dec 2011 09:29:10 +0000

Euro dollar finally ended its consolidation and dropped sharply on fresh worries about a downgrade, the state of European banks and end-of-year flows. The pair is close to the year-to-date low. Will it set a new one in the last moment? Today we have quite a few US figures and another Italian bond auction.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article EUR/USD Dec. 29 – Still Vulnerable After Crash, Eyeing YTD Low

Forex Daily Outlook November 30 2011

anat — Tue, 29 Nov 2011 22:00:06 +0000

US ADP Non-Farm Employment Change and US Pending Home Sales are the main events today. Here is an outlook on the market-movers awaiting us

In the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, measures the number of employed people over the last month (without government & farming industry), rise is expected from 110K on October up to 131K.

Read the rest of the article Forex Daily Outlook November 30 2011

EUR/USD Oct. 31 – Falls On Japanese Intervention, Doubts About Debt Deal

Yohay — Mon, 31 Oct 2011 10:04:59 +0000

Euro dollar is set for an exciting close to the month. The strong intervention to weaken the Japanese yen against the dollar was clearly felt in EUR/USD, which was already in doubt about the EU Summit deal. Also the unexpected rise in European unemployment and the stubbornly high inflation estimate is complicating matters for the common currency.

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article EUR/USD Oct. 31 – Falls On Japanese Intervention, Doubts About Debt Deal

Forex Daily Outlook – October 31 2011

anat — Sun, 30 Oct 2011 22:00:12 +0000

We start the week with some interesting events such as Chicago PMI in the US and GDP in Canada as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, Chicago Purchasing Managers’ Index (PMI); monthly managers in Chicago survey to value the business conditions for employment, new orders etc. is due to reduce down to 59.2 points from 60.4 points.

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EUR/USD Sep. 30 – End of Week, Month, Quarter and Rally?

Yohay — Fri, 30 Sep 2011 11:01:48 +0000

Euro dollar is unwinding its gains and returning to the lower range, below yet another support line. Is the correction already over? Strong European inflation didn’t cheer the euro, that received quite a few bad figures. The last hours of the week, month and quarter will likely provide more choppy trading as positions are adjusted.

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article EUR/USD Sep. 30 – End of Week, Month, Quarter and Rally?

Forex Daily Outlook – September 30 2011

anat — Thu, 29 Sep 2011 21:00:55 +0000

Chicago PMI in the US and GDP in Canada are the major events this day. Here is an outlook on the market-movers awaiting us.

In the US, Revised University of Michigan (UoM) Consumer Sentiment, monthly survey about to rise from 57.8 points to 57.9 points. Meanwhile the Revised UoM Inflation Expectations is expected 3.7% with no change from the previous time.

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EUR/USD Aug 31- Worries Balanced As Summer Ends

Yohay — Wed, 31 Aug 2011 11:22:13 +0000

Euro dollar is stuck in range, drifting between hopes for QE3 in the US and worries about the European debt crisis. As summer ends, volume and volatility are expected to pick up. We have important US data later on.

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article EUR/USD Aug 31- Worries Balanced As Summer Ends

Forex Daily Outlook – August 31 2011

anat — Tue, 30 Aug 2011 21:00:08 +0000

ADP Non-Farm Employment Change in the US and GDP in Canada are the main events today. Here is an outlook on the market-movers awaiting us

In the US, Automatic Data Processing, Inc. (ADP Non-Farm Employment Change, vale the employed people without government & farming business on the passing month, reduce of 7K is predicted to 103K.

Read the rest of the article Forex Daily Outlook – August 31 2011