The Canadian Building Permits indicator measures the change in the number of new building approvals issued. It provides a good indication of activity in the construction sector, as obtaining a building permit is one of the first steps taken in the construction of a new building. A reading that is higher than the market prediction is bullish for the … “USD/CAD: Trading the Canadian Building Permits January 2012”
Category: Opinions
USD/CAD: Trading Canadian Employment Change
The Canadian employment change is an important leading indicator which has a significant impact on the markets. Traders and analysts carefully scrutinize employment figures looking for any sign of a market trend, and a reading higher than forecast is bullish for the loonie. Here are the details and 5 possible outcomes for USD/CAD. Published on Friday at 12:00 GMT. … “USD/CAD: Trading Canadian Employment Change”
AUD/USD: Trading the Australian Trade Balance
Australian Trade Balance measures the change in the value of goods and services which are exported and imported every month. This indicator is particularly important for currency traders, as foreigners need to purchase Australian dollars in order to purchase Australian exports. A reading that is higher than the market forecast is bullish for the aussie. Here are all the details, and 5 possible outcomes for … “AUD/USD: Trading the Australian Trade Balance”
Canadian Housing Bubble to Burst in 2012?
Canada has weathered the financial crisis quite well, especially in comparison with its southern neighbor. Perhaps it has been even too successful when it comes to house prices. After Australia’s prices began sliding, is Canada the next market to drop? Some fear that prices are bloated beyond the peak seen in the US. Canada enjoys various … “Canadian Housing Bubble to Burst in 2012?”
GBP/USD: Trading the British Construction PMI
The British Construction PMI Index, published in the first week of each month, is based on a survey of purchasing managers in the construction industry. Respondents are surveyed for their view of business conditions and sentiment on the economy. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 9:30 GMT. Indicator … “GBP/USD: Trading the British Construction PMI”
USD/JPY: Trading the US ISM Manufacturing PMI January 2012
The Manufacturing PMI (Purchasing Managers’ Index) is an important leading indicator which focuses on the manufacturing sector. As this index is released at the beginning of each month, analysts and traders closely examine the index for any hint of a market trend. A reading which is higher than the market forecast is bullish for the dollar. Here … “USD/JPY: Trading the US ISM Manufacturing PMI January 2012”
5 Most Predictable Currency Pairs – Q1 2012
Not all forex pairs were born equal. Some will slow down and then bounce back when they approach a distinct line of resistance or support. If momentum is strong, they will break these lines in a convincing manner without looking back. These pairs, that have a better tendency to follow technical rules, are the more … “5 Most Predictable Currency Pairs – Q1 2012”
Gold Is NOT A Safe-haven; Now Headed Below $1530
Commodities are trading lower this week, while the US dollar is rising sharply after a reversal lower of equities. One of the very weak markets is also gold, which definitely does not have a status of a safe-haven at this point of time. In fact, if we take a look on the intra-day sub-structure from … “Gold Is NOT A Safe-haven; Now Headed Below $1530”
EUR/USD: Trading the US Unemployment Claims Dec 2011
The US Unemployment Claims indicator is published weekly, and measures the number of people filing for unemployment for the first time during the previous week. An increase in unemployment claims leads to less consumer spending and impacts on economic growth. A reading which is higher than the market forecast is bearish for the dollar. Here are all the details, … “EUR/USD: Trading the US Unemployment Claims Dec 2011”
A Soft Chinese Landing is Still a Landing
When the world’s second largest economy slows down, this has a significant impact on currencies, no matter how rapid this slowdown is. AUD and NZD are set for a landing as well. Ilya Spivak of DailyFX discusses China, the effectiveness or ineffective of the QE operations all over the world, the high dependency of the … “A Soft Chinese Landing is Still a Landing”