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

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

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.

Forex Daily Outlook January 31 2012

Forex Daily Outlook January 31 2012

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. More in

Forex Daily Outlook – October 28 2011

Forex Daily Outlook – October 28 2011

Employment Cost Index in the US and Consumer Spending in Europe are the major events this day. Here is an outlook on the market-movers awaiting us. In theUS, Revised University of Michigan (UoM) Consumer Sentiment, consumer’s survey to value the present and upcoming financial conditions over the last month, a rise from 57.5 points on

EUR/USD July 29 – Pulling Off Lows On US Deadlock

EUR/USD July 29 – Pulling Off Lows On US Deadlock

Euro dollar managed to bounce off its lows as the political deadlock in the US continues. The euro fell and is still pressured by the rising Spanish and Italian yields. Today’s US GDP and also European inflation will provide a powerful end to the week in a busy calendar. How will the ugly contest end this

Forex Daily Outlook – July 29 2011

Forex Daily Outlook – July 29 2011

Advance GDP in the US and Nationwide HPI in the UK are the major events this day. Here is an outlook on the market-movers awaiting us. In the US, Advance Gross Domestic Product (GDP), quarterly index to measure the inflation-adjusted value of all services and goods manufactured by the economy; small reduce to 1.6% this

EUR/USD Apr. 29 – Approaching Resistance On High Inflation

EUR/USD Apr. 29 – Approaching Resistance On High Inflation

EUR/USD moves towards the high end of the range, as European inflation exceeds expectations, and Bernanke’s weight is still felt on the dollar. Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian session:  Quiet session sees Euro/Dollar climb gently from 1.4820 towards 1.4850. Current range –  1.4770

EUR/USD Jan. 28 – Battle Over 1.37 Continues

EUR/USD Jan. 28 – Battle Over 1.37 Continues

EUR/USD is still struggling to hold above 1.37, the line that capped it for many days, as we await GDP in the US. How will it close the wee ?  Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session:  struggled  just above 1.37.. Current range – 1.37 to 1.3830 Further

Forex Daily Outlook – January 28 2011

Forex Daily Outlook – January 28 2011

In the UK Nationwide HPI and Unemployment Claim & Pending Home Sales in the US are some to the important events. Let’s see what awaits us today. In the US, Advance Gross Domestic Product (GDP), change in the inflation-adjusted value of all goods and services produced by the economy; is about to rise by 0.9%,

Forex Daily Outlook – October 29 2010

We end the week with some interesting data regarding Advance GDP in the US & in GDP in Canada and more news. Let’s see what awaits us today. In the US, Advance GDP, quarterly date of the inflation-adjusted value of all goods and services produced by the economy is about to rise by 0.4 and

Forex Daily Outlook – July 30 2010

U.S. Advance GDP, US Employment Cost and Canada’s GDP are the major event at the end of another trading week. Here is an outlook on today’s events. In the US, Advance Gross Domestic Product, the main measure of economic activity and growth in the world’s largest economy will bring the preliminary estimate of the U.S.