Aussie Rising With Economy
Australian GDP surprised in Q2 with a strong growth rate of 1.2%, higher than expected. This helped AUD/USD settle above 0.90 and aim for the next resistance level. Update on this high yielding currency. Australia publishes its Gross Domestic Product quite late, and doesn’t provide preliminary releases. After all the wait, the news were good:
Forex Daily Outlook – September 1 2010
U.S. DAP Employment Report, ISM Manufacturing Index and Australian GDP are at the top of our market moving events for today. Here is an outlook on the economic activities awaiting us. In the US, Automatic Data Processing Employment Report, a measure of jobs lost or added to the private sector of the economy, also serving [...]
Forex Daily Outlook – August 31 2010
U.S. Consumer Confidence, U.S. FOMC Meeting Minutes and Canada’s GDP are the major events on today’s menu. Here is an outlook on the market moving events awaiting us today. In the US, Consumer Confidence Index forecasts a small increase in consumer confidence to 50.7 from 50.4 however an unexpected decline in the index would be possible [...]
Forex Binary Options Setups – August 30 – September 3
Non-Farm Payrolls, GDP releases, consumer confidence and many more high risk news event provide opportunities for binary options on currencies. Here are potential setups for forex this week. Binary options can be utilized as an alternative to the traditional stop loss, as a tool for protecting against false breakouts and lots more. One-hour binary options [...]
Forex Weekly Outlook – August 30 – September 3
The summer ends with a very busy week, including GDP releases, the European rate decision and many American figures culminating in the king of forex – Non-Farm Payrolls. Here’s an outlook for the 14 major market moving events. The notion of a double dip recession in the US strengthened in the past week, especially with [...]
AUD/USD Outlook – August 30 – September 3
A very busy week expects Aussie traders, with GDP and 12 other events to rock the currency, that still shakes by the election results. Here’s an outlook for the Australian events and an updated technical analysis for AUD/USD. AUD/USD daily chart with support and resistance lines marked. Click to enlarge: The elections ended in a [...]
USD/CAD Outlook – August 30 – September 3
The Canadian dollar expects another rather calm week, but with one key event to rock it – GDP. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD, now on higher ground. USD/CAD daily chart with support and resistance lines marked. Click to enlarge: Weak retail sales and the growing notion [...]
US GDP Sharply Revised Downwards – Trading Remains Tight
The second release of GDP for the second quarter was indeed bad – a downwards revision from 2.4% to 1.6%, slightly better than a revision to 1.5%. The initial reaction was dollar positive, but this was quickly erased. EUR/USD was down from 1.2720 (almost the resistance line) to 1.27. This drop was very limited and [...]
Improved British Growth Doesn’t Cheer Pound
British growth for the second quarter was unexpectedly revised to 1.2%. These good news lifted GBP/USD lifted the Pound only for a short period of time. Worries about the future and the upcoming second release of GDP for the US loom. Update on cable. British GDP already posted a big surprise in the first release [...]
Binary Options Setups – August 23-27
Binary options on foreign exchange can serve for many purposes, and can be great in case of news events. The upcoming week in currency trading provides opportunities, especially on GDP releases. Here are potential setups. Binary options can be used as an alternative to the traditional stop loss, as a tool for protecting against false [...]
keep looking »Popular Forex Posts
Daily FX Headlines- NZD/USD Classical 09.01 September 1, 2010
- GBP/USD Classical 09.01 September 1, 2010
- GBP/JPY Classical 09.01 September 1, 2010
- EUR/USD Classical 09.01 September 1, 2010
- EUR/JPY Classical 09.01 September 1, 2010
-
Stay up to date!
-
-
