The Core Durable Goods Orders indicator measures the change in purchase orders for durable goods, excluding transportation items. A reading which is higher than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Wednesday at 12:30 GMT. Indicator Background Core Durable Goods is an … “EUR/USD: Trading the US Core Durable Goods Orders”
Category: Opinions
USD/JPY: Trading the US Conference Board Consumer Index March
The Conference Board Consumer Confidence Index is based on a monthly survey of about 5,000 households regarding their opinion of the economy, and its release often has a strong impact on market prices. A higher reading than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. … “USD/JPY: Trading the US Conference Board Consumer Index March”
USD/CHF: Trading The US Pending Home Sales
The US Pending Home Sales Report is an important leading economic indicator, considered by analysts as a excellent measure of consumer demand in the housing sector. A higher reading than forecast points to stronger activity in the housing industry and is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/CHF. Published on … “USD/CHF: Trading The US Pending Home Sales”
EUR/USD: Trading The New Home Sales
The US New Home Sales report is a leading indicator of housing activity. The indicator is released on a monthly basis, and helps analysts track consumer spending. A higher reading than that expected by the market is bullish for the dollar. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Friday … “EUR/USD: Trading The New Home Sales”
Head and Shoulders Forming on EURUSD
We visit the EURUSD daily chart and noticed a head and shoulders pattern in the making. A head and shoulders pattern looks like a human head with 2 shoulders on either side. The shoulders are lower than the head and are often of equal height to each other. The blue line extending horizontally across is … “Head and Shoulders Forming on EURUSD”
The Situation in Europe Remains Very Fragile
The launch of the second Greek bailout may only be a temporary reprieve in the European debt crisis. The focus is shifting to the Iberian peninsula and it will only take a few poor pieces of data to reignite contagion, says Christopher Vecchio of DailyFX. In the interview below, Vecchio discusses the situation in the euro-zone, the … “The Situation in Europe Remains Very Fragile”
GBP/USD: Trading the British Retail Sales Mar 2012
British Retail Sales is considered one of the most important consumer indicators. It provides analysts and traders with a snapshot of consumer spending. A reading that is higher than the market forecast is bearish for the US dollar. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Thursday at 9:30 GMT. Indicator Background … “GBP/USD: Trading the British Retail Sales Mar 2012”
USD/JPY: Trading the US Existing Home Sales Mar 2012
The Existing Home Sales indicator is released monthly, and provides analysts with important data about consumer demand in the housing sector. A reading which is higher than the market prediction is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Wednesday at 14:00 GMT. Indicator Background The Existing Homes Sales Report … “USD/JPY: Trading the US Existing Home Sales Mar 2012”
Oil Back To Bullish Mode – Price Can Revist $110.50
Oil has reached new lows, around 103.70 in the past week, from where a sharp reversal occurred. Notice that on Friday, the price moved decisively through the corrective channel resistance line and also slightly below wave (b) termination level, which was a triangle. These are all indications for an uptrend continuation for days and weeks … “Oil Back To Bullish Mode – Price Can Revist $110.50”
USD/CHF: Trading the Swiss Industrial Production
The Swiss Industrial Index measures change in production in the manufacturing, utilities and mining sectors. A reading that is higher than the market forecast is bullish for the Swiss franc. Here are all the details, and 5 possible outcomes for USD/CHF. Published on Tuesday at 8:15 GMT. Indicator Background Swiss Industrial Production, released quarterly, is an important leading economic … “USD/CHF: Trading the Swiss Industrial Production”