Post Tagged with: "interest rates"
Important Week For Aussie
AUD/USD made strong moves last week, and surrendered to a major resistance line. This week influx of Australian economic indicators might send the Aussie over the line. AUD/USD closed at 0.6938 in the previous week and closed the week at 0.7149. The Aussie began the week on the downside, going as low as 0.6768. But
Forex Weekly Outlook – April 6-10 2009
This week features rate decisions from Australia, Japan and Britain. There are also lots of major figures from Canada. Due to Easter, Thursday is packed with indicators, and Good Friday is good for resting. Lets’ see what’s on the menu… Monday, April 6th: The week starts slowly, with European Retail Sales that are expected to
EUR/USD Rally – Very Problematic
The Euro has all the reasons to celebrate today: G20 resolution, Trichet’s defiance, and bad jobless claims. The Euro will soon meet resistance, since this rally is problematic. Very problematic. G20 leaks suggest that the leaders will succeed in reaching a joint agreement for stimulating the world. A $750 billion strong IMF can do much
Forex Links For the Weekend
Here are some very interesting reads that I’ve gathered during the week from various blogs I read. There are lots of interesting pieces about this week’s stunning FOMC decision to print one trillion dollars, and its impact on forex trading. Kathy Lien looks at the Swiss Franc, and talks about the possibility of negative interest rates.
AUD/USD Broke Upwards As Expected
AUD/USD broke the narrowing channel I was talking about two days ago and made an upward break. Very close to the end of the week, it trades higher and aims for new targets. AUD/USD long is live and kicking. On March 11th, I wrote that AUD/USD is squeezed in a narrowing channel, and that the
USD/CHF Breaks Resistance on Firm SNB Decision
USD/CHF made a huge jump of over 300 pips immediately after the SNB firmly implied that the it wants the Swiss Franc down. The Swissy broke a major resistance line on the way, and is heading north very fast. The Swiss National Bank lowered the target Libor rate to 0.25%. That was widely expected. But
AUD/USD In Narrowing Channel – Break is Close
The AUD/USD is trading between an uptrend support line and a downtrend resistance line, and it will soon have to break somewhere. Fundamentals say the direction is up. Technical: As seen in the graph below, the AUD/USD is closed by a downtrend resistance line than began with a high in September, was formed in a
Forex Daily Outlook – March 11th 2009
Wednesday features economic indicators from all over the globe, with British Trade Balance, Federal Budget Balance, Final GDP from Japan and a rate decision in New Zealand as the top indicators. Australia starts the day with the important figure of Home Loans expected to rise by 4%, less than 6.4% in the previous month. In
British Pound – First Breakout of the Week
The forex week began with a big move by the British pound. It fell below the below the 1.40 mark. This happened after bad manufacturing PMI was released in Britain, and after the good ISM Manufacturing PMI in the US. GBP/USD is now trading at 1.3977, after breaking support lines, and breaking the 1.40 psychological line.
Inflation Becoming Irrelevant in Forex
Inflation data, that is published all the time is becoming less and less important in these days of a global economic crisis. It doesn’t ignite price action as it used to up to the last summer. Up to the summer of 2008, Consumer Price Index (CPI) and Producer Price Index (PPI), played a big role