Post Tagged with: "Factory Orders"
EUR/USD Nov. 4 – Calm Between Storms
Euro dollar is trading in a narrow range under important resistance, which it is trying to break, but very cautiously. The confidence vote in Greece and the Non-Farm Payrolls are awaited and will provide a strong ending to a very tense week. Will the pair manage to recover? Or is a downfall coming? Here’s a quick
Forex Daily Outlook November 4 2011
We end this week with some interesting updated, Unemployment Rate in the US and Building Permits in Canada as the major events this day. Here is an outlook on the market-movers awaiting us. G20 Meetings (Day 2), the Group of Twenty (G20) is an important global policy-making figure effective at the uppermost level, which impact
Forex Daily Outlook – November 3 2011
ISM Non-Manufacturing PMI in the US and Services PMI in the UK are the main events lined up. Let’s see what awaits us today. G20 Meetings (Day 1), the Group of Twenty (G20) is an important global policy-making figure effective at the uppermost level, which impact the cash markets. In the US, Unemployment Claims, measures
EUR/USD Outlook – Oct. 31 – Nov. 4
Euro/dollar had a very exciting week around the European summits. It managed to climb back up to the previous range. Will it stay there? The upcoming week features the first rate decision by Mario Draghi, as well as other important indicators. Here is an outlook for the European events, and an up dated technical analysis for
EUR/USD Oct. 6 – Recapitalized Before Trichet
Euro dollar is moving higher within a channel as talk about massive recapitalization of banks cheers the euro, despite another sign of weakness from Germany. This is not the classical “calm before the storm” trading that precedes the ECB rate decisions. The outcome of the rate decision is quite unclear this time. The only certainty is
Forex Daily Outlook – October 6 2011
Unemployment Claims in the US and ECB Press Conference in Europe are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, significant indicator of overall financial health, weekly report to value the number of unemployed that for the first time filed for insurance over the passing week, raise from 391K
Forex Daily Outlook – October 4 2011
Ben Bernanke’ and Jean-Claude Trichet’ speeches are the highlight of today’s events. Here is an outlook on the market-movers awaiting us. In the US, Ben Bernanke testifies at the Joint Economic Committee, in Washington DC. His words have a major impact on the market. Later in the US, Sarah Bloom Raskin FOMC member is scheduled
EUR/USD Outlook – October 3-7
Euro/dollar enjoyed some consolidation and correction, but this was eventually lost as a Greek default remains high on the cards. Time is running out. In addition to Greece, we have a very busy week for the beginning of Q3. The highlight will be the last rate decision for Jean-Claude Trichet, in which he might reverse his
EUR/USD Sep 6 – Swiss Sugar Rush Fades Away
Euro dollar was saved from the abyss by the super strong Swiss move to hold EUR/CHF above 1.20. But this effect is fading away as the reality of the debt crisis resumes its weight on the pair. Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian session: Downfall
Forex Daily Outlook – September 6 2011
ISM Non-Manufacturing PMI in the US and Halifax HPI in the UK are the main events lined up. Let’s see what awaits us today. In the US, ISM Non-Manufacturing Purchasing Managers’ Index (PMI); measurement of the relative level of business conditions based on a monthly survey, slightly reduced from the last month to 51.3 points