Britain’s Hiring – Pound Unexcited
British employment figures supplied a big surprise by turning around! Less people asked for unemployment benefits, after 18 months of rises. This hardly moved the Pound. Not really. Everybody is waiting for Ben Bernanke. These numbers could help the Pound later. British Claimant Count Change fell for the first time this year: The number of [...]
Fed Decision – No Middle Ground
There is no consensus about the outcome of the FOMC Meeting. This makes any decision a market major market mover. The option of a calm reaction in the forex market doesn’t exist. Here’s a preview for the upcoming FOMC meeting.
Forex Weekly Outlook – December 14-18 2009
The upcoming week in forex trading has the FOMC meeting in the limelight. In addition, British employment figures, Australian GDP and inflation data from all over the world will dominate the scene, in the last full trading week of the year. Here’s a review of the major events in the upcoming week. American Non-Farm Payrolls, [...]
Exit Strategies Expose Pound Weakness
Both the Federal Reserve and the ECB began moves to soften the stimulus actions – the start of an exit strategy out of the crisis. This doesn’t happen in Britain. Britain still suffers from a bad data – and this leaves the Pound behind – again. In the monthly rate decision there was no surprise [...]
Forex Weekly Outlook – November 30 – December 4 2009
The week of Thanksgiving, which was expected to be calm, was very volatile, with new lows in the dollar, that were proved temporary with the Dubai crisis. The upcoming week is already full of important indicators: rate decision in Europe and Australia, GDP from Europe, Switzerland and Canada, and the king of forex: American Non-Farm [...]
Forex Weekly Outlook – November 23-27 2009
After a week of renewed dollar strength, the upcoming week provides second releases of GDP in many countries, American Durable Goods Orders and home sales and other figures as well. The beginning of the week is crowded, and then trading will be light as Americans celebrate Thanksgiving. Here’s the weekly outlook. The Aussie and the [...]
Dollar retreats despite fears from job market – weekly roundup
The dollar finishes the week lower against most currencies this week. The fear that ruled last week wasn’t fueled by the terrible American job market, and the blurry rate decision by the Fed. The horizon isn’t clear with this jobless recovery. Here’s an overview of this week in forex trading. The US Dollar Index retreated [...]
Forex Daily Outlook – October 19th 2009
After some initial dollar strength in the Asian session, the dollar is falling again. A speech by Ben Bernanke is the highlight of today’s thin calendar. Let’s see what’s up for today. EUR/USD is currently on the run to 1.50, despite a bad start in the Asian session. Indicators in Europe begin only tomorrow. For [...]
Forex Weekly Outlook – October 19-23 2009
After another week of general dollar weakness, this week’s highlights are housing data from the US, meeting minutes from all over the world, a rate decision in Canada and British GDP. There are many more important releases. Let’s see what’s expecting us this week: The past week showed us that also in the Asian sessions, [...]
Forex Daily Outlook – October 8th 2009
Rate decisions are due in Britain and in Europe. There are lots of other events in this very busy day. Will the dollar continue falling? Let’s see what’s up for today. Take a deep breath. Australia’s employment figures were also an excellent positive surprise, and sent AUD/USD above the resistance line of 0.8950. The number [...]
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