GBP/USD Breaks Up Towards Big Barrier

The British Pound enjoyed the mild FOMC Statement in the US to break above a minor resistance line and approach a much bigger one. Events ahead will probably stop it. Update.
GBP/USD broke last week’s high of 1.5220 and is now trading above 1.5250. This is the highest level in two and a half weeks, the [...]

Forex Links for the Weekend

Here’s a nice bunch of forex-related articles for the weekend. All of them have a scope larger than a day’s trade, in a variety of subjects. Enjoy!

Adam Kritzer explores the correlation between gold and the Euro, and the dollar of course.
Kathy Lien sees the tight range trading in the Pound and points to the direction [...]

Forex Daily Outlook – January 5th 2010

The second day of 2010 is also rather busy, with American Pending Home Sales and Factory Orders, as well as German employment figures. Let’s see what’s up for today:
The dollar’s weakness on Monday wasn’t enough for major breakouts. Possible breakouts were probably stopped after ISM Manufacturing PMI rose more than expected in the US. I [...]

Forex Weekly Outlook – December 21-25

After a wild week of raging dollar bulls, we have a short and rather calm week ahead. Before Christmas comes in, we have final GDP releases from the UK and the US, important housing figures from the US, and a few more notable events that will move the markets. Here’s the weekly outlook:
Arabic version of the weekly [...]

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 people [...]

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, that [...]

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