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Forex Daily Outlook February 2 2012

anat — Wed, 01 Feb 2012 22:00:43 +0000

Unemployment Claims in US and Construction PMI in the UK are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, monthly indicator to value the unemployment insurance that was filed on the last week, is predicted to drop down from 377K to 373K this week.

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EUR/USD Feb. 1 – Starts Month Under Pressure

Yohay — Wed, 01 Feb 2012 11:09:04 +0000

Euro dollar starts the new month on lower ground, after breaking below uptrend support. Greek PSI talks are still awaiting an agreement “soon”. How soon is it now? There are doubts if Germany really wants a deal. Important figures are released in the US, which serve as important hints towards the all-important Non-Farm Payrolls on Friday.

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

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Forex Daily Outlook February 1 2012

anat — Tue, 31 Jan 2012 22:00:43 +0000

ISM Manufacturing PMI in the US and Manufacturing PMI in the UK are the main events today. Here is an outlook on the market-movers awaiting us.

In the US, The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI); Monthly Managers Survey to value the business conditions such as new orders, deliveries and inventories, rise is expected from 53.9 points on December up to 54.6 points now. And on the ISM Manufacturing Prices similar rise is forecasted from 47.5 points to 49.5 points.

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EUR/USD Outlook Jan. 30 – Feb. 3 2012

Yohay — Sun, 29 Jan 2012 13:23:41 +0000

Euro/dollar had a fantastic week, rising on fresh hope for Greece and from a weaker dollar, courtesy of Ben Bernanke. The upcoming week starts with an important summit and is packed with economic indicators. Here is an outlook for the week’s events, and an updated technical analysis for EUR/USD.

Bernanke’s pledge to keep interest rates at near-zero levels until late 2014 and the openness towards QE3 hurt the dollar across the board and the euro certainly enjoyed it. And Europe isn’t only Greece: fresh figures provide hope that Europe could avoid an outright recession. Also the downgrade many euro-zone countries by Fitch couldn’t stop the move. of Will this rally continue?

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EUR/USD January 2 2012 – Enjoying the New Year

Yohay — Mon, 02 Jan 2012 10:18:29 +0000

Euro dollar is rising on very thin volume at the wake of 2012 just before all market participants return from their vacations. Outlooks for the euro-zone published over the weekend were quite grim as debt redemption looms over many countries and another month of contraction in manufacturing was confirmed.

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

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EUR/USD Outlook January 2-6 2012

Yohay — Sat, 31 Dec 2011 14:37:16 +0000

Euro/dollar traded in a narrow range in the last week of 2011 but eventually extended its losses for the year. The first week of 2012 is packed with economic indicators as market participants return from their holidays. Here is an outlook for the 11 events awaiting us, and an updated technical analysis for EUR/USD.

Italy had another bad bond auction. It’s not that yields jumped, but if they remain at current levels, the euro-zone’s third largest country will find itself in a debt trap that can bring the whole system down. The pair ended the year over 400 pips lower. Will 2012 see more falls?

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EUR/USD Nov. 2 – Recovering Despite Weak Figures

Yohay — Wed, 02 Nov 2011 09:39:46 +0000

Euro dollar is now recovering from lows but remains far from a real change, as the Greek referendum is here to stay. Papandreou will be asked for explanations from his European counterparts today in Cannes. Euro-zone data has been weak. The focus will temporarily shift to the US, with a significant hint towards the Non-Farm Payrolls and Ben Bernanke’s press conference.

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

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Forex Daily Outlook – November 2 2011

anat — Tue, 01 Nov 2011 22:00:08 +0000

Today we have key events: FOMC Statement in the US and Construction PMI in the UK as the main highlights on today’s outlook. Let’s see what awaits us today.

In the US, FOMC Statement, the key tool that is used by the FOMC regarding monetary policy with investors, and regarding financial conditions for other policy measures. It also discusses the outcome of upcoming votes on monetary outlook.

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EUR/USD Outlook – Oct. 31 – Nov. 4

Yohay — Sat, 29 Oct 2011 13:00:02 +0000

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.

The European leaders went far by agreeing on a 1 trillion EFSF fund, a 50% Greek haircut and also on Italian reforms. Together with nice US growth, the markets were in a euro-phoria mode on Thursday, that faded out only a bit during Friday. Will the rally resume, or is the move over?

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EUR/USD Oct. 3 – New Quarter, New Lows as Greek Plan Falls Short

Yohay — Mon, 03 Oct 2011 07:46:35 +0000

Euro dollar kicked off the new week, month and quarter with fresh lows, the lowest since January. Greece approved a new budget that falls short of targets. Worries about China also push the dollar higher. We have an unusually busy calendar for a Monday, and it will only get busier later in the week.

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

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