Morning Guys! Stocks and commodities are trading higher across the board after the Federal Reserve said it will spend $600 billion in a new bond-buying program to support the economy. So it’s not a surprise that US dollar is showing a very weak picture against the other major currencies, especially against the Euro which is the … “EUR/USD Elliott Wave – Unfinished Uptrend”
Category: Opinions
Finally Job Gains? Non-Farm Payrolls Preview
Non-Farm Payrolls for October are expected to be positive and could provide support for the dollar after the QE2 deci. As the effect of the decennial census is finally gone, the unemployment rate will attract more attention. Here are the things to watch for in the NFP release on November 5th. As of mid-December, only … “Finally Job Gains? Non-Farm Payrolls Preview”
QE2 Update – Expectations Narrowing Down
The QE2 decision is getting closer – at 18:15, the FOMC will release its long awaited decision about a second dollar printing program. Here are the latest estimations. The narrow estimations leave more room for a surprise and high volatility. Out of the 5 scenarios for the quantitative easing decision, scenario no.2 is now popular … “QE2 Update – Expectations Narrowing Down”
Fundamental Overview – Market Movers Last Week – 11/01/2010
The U.S. Dollar had a mixed week against the major currencies, falling against most of them, but gaining slightly against the Australian Dollar and the Euro. The set of economic data out from the United States had a net negative effect on the Greenback. The U.S. Dollar Index declined by -0.21 last week from 77.47 … “Fundamental Overview – Market Movers Last Week – 11/01/2010”
Why You Will Fail As A Trader
In our everyday lives emotions are great. They make it possible for us to enjoy life and create lasting relationships with other human beings. In fact many argue that our complex emotional abilities are part of what makes human. Emotions are great but there are times when having them are more of a burden than … “Why You Will Fail As A Trader”
5 Scenarios for QE2 Decision
Tension is mounting towards the FOMC decision about QE2 – the dollar printing program that rocked the markets for a long time. Here are 5 scenarios for the big decision by Bernanke, and the expected impact on the dollar. Since mid August, the main theme in the markets has been a second round of quantitative … “5 Scenarios for QE2 Decision”
Tight Clocks in a Tight Week
While daylight savings time still prevails in North America, European countries already shifted their clocks towards the winter. This anomaly will last only one week – but it’s the most likely the most tight week of the year. Here’s how this will impact trading. The New York and London sessions are the most intense and … “Tight Clocks in a Tight Week”
Flat Correction in USD/JPY
Hello traders! In one of our latest articles, published in the middle of the week here at Forex Crunch, we were discussing about Usd/Jpy and a potential Long opportunity after a nice pull-back against five waves that appeared from the 80.40 area. Well, unfortunately the pair did not go in our preferred direction, prices went straight … “Flat Correction in USD/JPY”
Will the Foreclosure Freeze Weaken the Dollar Soon?
The foreclosure freeze that started at the beginning of October 2010 is already hurting the already-fragile economy. The mortgage mess could also be factored by the Federal Reserve as it makes its critical decision on more quantitative easing. A sign for dollar bears? The foreclosure freeze is gradually getting to the forefront of the news … “Will the Foreclosure Freeze Weaken the Dollar Soon?”
Trading The News Is A Fools Game
In the world of trading people have devised all types of methods for trying to turn a profit. Some are fundamental traders while others are technical, and some use indicators while others focus on price action. The aforementioned traders make up the majority of traders, but there is another group. A group that some might … “Trading The News Is A Fools Game”