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EUR/USD Jan. 31 – Rising in Channel While Ignoring Greece and Weak Data

EUR/USD Jan. 31 – Rising in Channel While Ignoring Greece and Weak Data

Euro dollar continues it’s near perfect channel trading and moves higher. The EU Summit failed to produce any news regarding the burning issues of Greece and weak figures from Germany and France. The Greek PSI deal is forever “close” as Portugal continues signs of following the Hellenic Republic. End-of-month moves also make the market more choppy.

Forex Daily Outlook January 31 2012

Forex Daily Outlook January 31 2012

US CB Consumer Confidence  and Canadian GDP are the major events today.  Here is an outlook on the market-movers awaiting us In the US, CB Consumer Confidence increased more than predicted to 64.5 in December from 55.2 in November indicating an elevated confidence among households. A further improvement to 68.2 is expected now. More in

EUR/USD Dec. 27 – Remaining in Range, Waiting for Oversold Conditions To Wane

EUR/USD Dec. 27 – Remaining in Range, Waiting for Oversold Conditions To Wane

Euro dollar remains in a very limited trading range as most financial centers return to business. Italian 10 year bond yields top the 7% mark once again, before significant US figures are released. Recent data shows that the bias against the euro is still too strong. Will we see a significant move now? Here’s an update

Forex Daily Outlook December 27 2011

Forex Daily Outlook December 27 2011

CB Consumer Confidence is the main event lined up.  Let’s see what awaits us today. In the US, The Conference Board (CB) Consumer Confidence, Financial confidence is a leading indicator of consumer spending Survey to value the consumer spending and rate the total financial situation, due to rise from 56.0 points  on November up to

Forex Daily Outlook November 29 2011

Forex Daily Outlook November 29 2011

Building Consents in the US and Nationwide HPI in the UK are the main events lined up.  Let’s see what awaits us today. In the US, The Conference Board (CB) Consumer Confidence, monthly survey to rate the present and upcoming financial conditions with labor availability etc., rise is expected from 39.8 on October up to

EUR/USD Oct. 25 – Choppy in High Range Before Second Summit

EUR/USD Oct. 25 – Choppy in High Range Before Second Summit

Euro dollar is trading in high range as tension mounts towards the second EU Summit. A lot depends on the size of the leveraged bailout fund, as well as the size of the Greek haircut. Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian A quiet session sees

Forex Daily Outlook – October 25 2011

Forex Daily Outlook – October 25 2011

CB Consumer Confidence in the US and Current Account in the UK are the main events lined up.  Let’s see what awaits us today. In the US, The Conference Board (CB) Consumer Confidence, Monthly Survey (around 5,000 homes) to rate the present and upcoming financial conditions and overall economic conditions, rise up to 46.2 points

EUR/USD Sep. 27 – Small Gains on Big Bailout Hopes

EUR/USD Sep. 27 – Small Gains on Big Bailout Hopes

Euro dollar is cautiously making its way higher on a rising uptrend, fueled by hopes that the European bailout fund will be enlarged to battle any horrible scenarios. Will we see a break higher? Or is it yet another consolidation for the next drop as these hopes fail to play out? Here’s a quick update on

Forex Daily Outlook – September 27 2011

Forex Daily Outlook – September 27 2011

US CB Consumer Confidence is the major event lined up.  Let’s see what awaits us today. In the US, The Conference Board (CB) Consumer Confidence, monthly survey to rate the level of present and forthcoming monetary conditions, small rise from 44.5 points on August to 46.4 points is expected. Later in the US, Standard &

EUR/USD Aug 30 – Sliding to Support As Londoners Return

EUR/USD Aug 30 – Sliding to Support As Londoners Return

Euro dollar is now sliding to support as London reopens after a holiday. European banking troubles, Greek bailout issues and a softer tone from Trichet on inflation are the main reasons for this slump. The pair is still high. Important US data lies ahead. Here’s a quick update on technicals, fundamentals and what’s going on in