The Gross Domestic Product (GDP) indicator measures the production and growth of the economy. Analysts consider GDP one of the most important economic indicators, thus the publication of the Canadian GDP can have an immediate effect on USD/CAD. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Friday at 15:30 GMT. … “USD/CAD: Trading the Canadian GDP Sep 2011”
Category: Opinions
5 Most Predictable Currency Pairs – Q4 2011
Some currency pairs will push through if they break a significant support or resistance. If not, they will bounce back or at least slow down before approaching these lines. Those well behaved pairs are more predictable. Even if you lean heavily on fundamentals, these lines will help. In some currencies. Some other ones are just … “5 Most Predictable Currency Pairs – Q4 2011”
USD/JPY Consolidates With Downside Bias, Oil Loses Momentum
USDJPY: Consolidates With Downside Bias, Set To Target The 75/92 level (Special Focus). USDJPY: The pair continues to consolidate but with downside bias. It looks to recapture the 75.92 level, its 2011 low and beyond. USDJPY has been under a strong bear pressure since topping out at the 124.13 level in Jun’2007 and with that … “USD/JPY Consolidates With Downside Bias, Oil Loses Momentum”
EUR/USD: Trading the US Pending Home Sales Release
The Pending Home Sales Index is a leading indicator of housing activity. The index is released in the first week of each month, and provides analysts with an early glimpse of consumer demand and confidence. A higher reading than that forecast is good for the dollar. Here are all the details, and 5 possible outcomes … “EUR/USD: Trading the US Pending Home Sales Release”
USD/JPY Remains Bearish, EUR/USD Targets Higher Prices on Correction
USDJPY: Bearish Theme Remains Intact USDJPY: Though narrow range candles are now seen which are signs of consolidation, our bearish view on USDJPY remains intact for an eventual return to the 75.92 level, its 2011 low and beyond. Guest post by www.fxtechstrategy.com USDJPY has been under a strong bear pressure since topping out at the … “USD/JPY Remains Bearish, EUR/USD Targets Higher Prices on Correction”
5 Reasons for Current Euro Strength (And Why It Is
Euro/dollar is significantly higher, after a convincing and healthy move. There are 5 reasons for this rise, that may not hold for too long. These levels are the highest level since Ben Bernanke announced Operation Twist, a move that sent the euro as well as most currencies, commodities and stocks plunging. Will this hold? 5 Reasons: … “5 Reasons for Current Euro Strength (And Why It Is”
USD/JPY: Trading the CB Consumer Confidence Index
The Conference Board Consumer Confidence Index is based on a monthly survey of about 5,000 households regarding their opinion of the economy. Its release always has a strong impact on market prices. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Tuesday at 14:00 GMT. Indicator Background The CB Consumer Confidence … “USD/JPY: Trading the CB Consumer Confidence Index”
EUR/USD Below Key Support, USD/CHF Builds Upside Risk
EURUSD: Drops Below Key Supports, Bearish Into The New Week – Technical Analysis EURUSD: Having wiped out its previous week gains and closed below its key supports at the 1.3835 level, its Sept 09’2011 low and the 1.3623 levels, its July 12’2011 low to end week lower, EUR is entering the new week on a … “EUR/USD Below Key Support, USD/CHF Builds Upside Risk”
Greek Default: 6 Critical Weeks for 6 Countries
Finally, a Greek default is on the cards and has a tentative timing: the first week of November. The G-20 and IMF discussions in Washington have reportedly resulted in enough pressure on Europe to get its act together. 6 countries are in the heart of the crisis at its current situation, together with one institution … “Greek Default: 6 Critical Weeks for 6 Countries”
USD/CHF Open For Further Gains, Gold Set to Test Key
USDCHF: Strengthens Through The 0.9013 Level, Risk Opens For Further Gains. USDCHF: The pair broke and held above the 0.9013 level, its April 19’2011 high on Thursday, opening the door for further bullish offensive. Its present bullish momentum is coming on the heels of a violation of its key resistance at the 0.8929 level, its … “USD/CHF Open For Further Gains, Gold Set to Test Key”