Pound Gets Bad News – Loses Support

With disappointing employment figures and a lower growth forecast, GBP/USD loses another support line. Risk aversive trading adds to the move. Update on the Pound. Claimant Count Change, the first and most important employment figure in Britain showed a drop of only 3800 unemployed people in July, much less than 17,00 that was expected. This [...]

Forex Daily Outlook – August 11 2010

U.S. and Canada’s Trade Balance followed by British Jobless Claims are the major activities today. Here is an outlook on the market moving events. In the US, American Trade Balance deficit is expected to decrease from 42.3B to 42.0B following the worse than expected deficit increase in May.

Binary Options Setups – August 9-13

Forex binary options can provide different types of opportunities for traders. This trading week provides more than a few, that will discussed after binary options with their terminology will be briefly explained. Binary options can be used as an alternative to the traditional stop loss, as a tool for protecting against false breakouts and lots [...]

Forex Weekly Outlook – August 9-13

The big event this week is the American rate decision, holding expectations for new easing steps – expectations that already hurt the greenback. Apart from this event, we have employment figures in Britain and Australia, European GDP and lots more. Here’s an outlook for the major market moving events in the upcoming week. Note that [...]

GBP/USD Outlook – August 9-13

Employment data and King’s report about inflation are the limelight of this week’s events. Here’s an outlook for the events that will rock the Pound, and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines marked. Click to enlarge: The British Pound made another nice week of rises. Will this continue? [...]

Forex Daily Outlook – July 14 2010

US Retail Sales, US Federal Open Market Committee Meeting Minutes and Euro-zone Industrial Production highlight today’s activities. Here is an outlook for the major market moving events. In the US, Retail Sales, an important gauge of consumer spending measuring the total receipts at retail establishments expected a modest decline of -0.1% due to last week’s better-than-expected sales [...]

GBP/USD Outlook – July 12-16

A busy week expects cable traders: inflation, employment and Final GDP are part of the events that will shake the Pound this week. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD daily chart with support and resistance lines. Click to enlarge: In the past week, the Pound traded [...]

Forex Weekly Outlook – July 12-16

American retail sales, consumer sentiment and inflation numbers will dominate this week’s trading. There are important releases from other parts of the world. Here is an outlook for the major market moving events. EUR/USD extended its gains in the past week, edging up to new levels. But is this sustainable? The pair cannot rally solely [...]

Forex Daily Outlook – June 16 2010

US Building Permits and PPI are released, Federal Reserve Chairman Ben Bernanke speaks in New York and Capacity Utilization Rate is expected to grow. Let’s see what’s awaiting us today. In the US, Building Permits expected to rise this month by 20,000 units following the unpredicted drop to 0.61M in the previous month while Housing [...]

Forex Weekly Outlook – June 14-18

The upcoming week consists of inflation figures from all over the world, a major German survey,  rate decisions from Japan and Switzerland among other events. Did the dollar take a pause, or will its new weakness continue? We see a growing gap between the commodity currencies and the rest of the world. Australia enjoys a [...]

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