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 [...]

EUR/USD Aug. 27: Tight Range Trading Before GDP

EUR/USD climbed higher but couldn’t convincingly break the resistance line. After many hours of range trading, all is set for the grand finale of the week. Will it manage to break higher or collapse? Here’s a quick update on fundamentals, technicals  and community trends.

Forex Daily Outlook – August 27 2010

U.S. Gross Domestic Product and Jackson Hole Economic Symposium are the main economic events of this trading weekend. Join us for an outlook on today’s market moving events. In the U.S., Gross Domestic Product, the main measure of economic activity and growth expected a modest growth of 1.5% in the 2nd quarter compared to 2.4% [...]

Forex Daily Outlook – August 16 2010

We start the week with interesting development in US Treasury International Capital (TIC) Long-Term Purchases, Rightmove HPI in Great Britain, some interesting development regarding the Prelim GDP in Japan and more updates; let’s see what awaits us today. In the US, Treasury International Capital (TIC) Long-Term Purchases is about to rise by 0.9B. This data [...]

Binary Options Setups – August 16-20

This week provides quite a few opportunities for binary options trading. Here are 10 market moving events with potential market reactions and binary options setups. Binary options can be used as an alternative to the traditional stop loss, as a tool for protecting against false breakouts and lots more. One-hour binary options can be used [...]

Forex Weekly Outlook – August 16-20

GDP from Japan, an important German survey and the Philly Manufacturing Index are among the highlights of this week. Here’s an outlook for the major market-moving events this week. The echoes from the ground-breaking Fed decision still rock the markets. Fear has returned, big time. Risk aversion dominates trading, with the dollar storming the board. [...]

Binary Options Setups – August 9-13

Forex binary options can provide different types of opportunities for traders. This trading week provides more than a few, that will discussed after binary options with their terminology will be briefly explained. Binary options can be used as an alternative to the traditional stop loss, as a tool for protecting against false breakouts and lots [...]

Forex Weekly Outlook – August 9-13

The big event this week is the American rate decision, holding expectations for new easing steps – expectations that already hurt the greenback. Apart from this event, we have employment figures in Britain and Australia, European GDP and lots more. Here’s an outlook for the major market moving events in the upcoming week. Note that [...]

EUR/USD Outlook – August 9-13

After riding the Non-Farm Payrolls, a busy week expects Euro traders, with the best kept for last – GDP figures on Friday. Here’s an outlook for the European events, and an updated technical analysis for EUR/USD. EUR/USD chart with support and resistance lines marked. Click to enlarge: The Euro enjoyed the reports that the US [...]

Forex Daily Outlook – July 23 2010

Canada’s Core CPI, Europe’s Bank Stress Test Results and other optimistic forecasts close another trading week. Here is an outlook on today’s economic events. In Canada, Core CPI expected 0.1% rise following 3.0% rise in the past two months while CPI is expected a 0.2% dip following 3.0% rise last month. For more on USD/CAD, read [...]

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