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Forex Daily Outlook – March 28 2011

Forex Daily Outlook – March 28 2011

We start the week with Pending Home Sales in the US, ECB President Jean-Claude Trichet in Paris and much more. Let’s see what awaits us today. In the US, Pending Home Sales, homes under contract to be sold but still awaiting the closing transaction, excluding new construction; is about to rise by 2.8%. Triggers a

Forex Weekly Outlook –Mar 28-Apr 1

Forex Weekly Outlook –Mar 28-Apr 1

U.S. CB Consumer Confidence, Pending Home Sales and of course American Non-Farm Payrolls are among the highlights of this week. Here is an outlook for the major market movers. Sales of new single-family homes plunged 16.9 % to a seasonally adjusted 250,000 the lowest since records began in 1963, after a 301,000 gain in January.

EUR/USD Feb. 28 – Rising on Inflation

EUR/USD Feb. 28 – Rising on Inflation

EUR/USD kicked off the week  slightly higher as oil prices resume rises and more signs of inflation are seen in Europe. This comes despite worries about the state of the Irish bailout loom. We have a very day and a busier week ahead. Where will it go? Here’s a quick update on technicals, fundamentals and

Forex Daily Outlook – February 28 2011

Forex Daily Outlook – February 28 2011

We start the week with hectic events such as Pending Home Sales in the US and much more. Let’s see what awaits us today. In the US, Pending Home Sales, number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction is about to reduce by 4.2%. It’s a

Forex Weekly Outlook – Feb 28-Mar 4

Forex Weekly Outlook – Feb 28-Mar 4

US Housing Data, Canadian Rate Decision and US Employment data are just a few of the numerous market movers scheduled this week. Here is an outlook on the events ahead. American consumers confidence surged to 70.4 in February, the highest level in three years, thanks to better prospects for the economy and jobs. Although Consumer

EUR/USD Jan. 27 – Loses Uptrend Support

EUR/USD Jan. 27 – Loses Uptrend Support

EUR/USD failed to break above resistance and took a dive – this sent it below uptrend support. Will we see an accelerated fall?  Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session:  struggled  around 1.37.. Current range – 1.37 to 1.3830 Further levels in both directions: Below   1.37, 1.3576,

Forex Daily Outlook – January 27 2011

Forex Daily Outlook – January 27 2011

We end the week with interesting events such as Advance GDP in the US and much more. Let’s see what awaits us today. In the US, Unemployment Claims, number of individuals who filed for unemployment insurance for the first time during the past week; is about to rise by 5K. An important signal of overall

Forex Weekly Outlook – January 24-28

Forex Weekly Outlook – January 24-28

US CB Consumer Confidence, US Rate Decision and US Unemployment Claims are the main activities this week. Here is an outlook on key events to watch for. Analysts and investors look forward to earnings reports from major U.S. manufacturers over the next two weeks, in order to assess revenue growth. This is the best indicator

Forex Daily Outlook – December 30 2010

Forex Daily Outlook – December 30 2010

Unemployment Claims in the US and Nationwide HPI in the UK are some of the exiting news that awaits us today. In the US, Unemployment Claims, individuals who filed for unemployment insurance for the first time during the past week; is about to decrease  by 4K.an important signal of overall economic health because consumer spending

AUD/USD Dec. 30 – Relaxing After Breaking Record

AUD/USD Dec. 30 – Relaxing After Breaking Record

AUD/USD reached new float-era highs but then retreated back, still in the high range. With a few interesting releases, a strong finish is expected to this year.  Here’s a quick update on technicals, fundamentals and community trends