Britain’s initial GDP read for the fourth quarter is very weak, and the revised versions can easily erase it. The Pound reacted with a fall against the dollar and the Euro. Here’s a review of this important event and a look forward on the Pound. Britain’s first release of GDP was very weak – only … “British Growth In Doubt – Pound Falls”
Category: Opinions
The Case for the USD Having Made its Bottom
John Forman is a Forex author and expert. He is the Senior Foreign Exchange Analyst for the IFR Markets group of Thomson Reuters and frequent blog poster on Currensee.com. The Case for the USD Having Made its Bottom by John Forman 1-20-10 For the last year or more the dollar has garnered a considerable amount … “The Case for the USD Having Made its Bottom”
Breakouts and China – Midweek Interview on Forex TV
In a midweek review on Forex TV, I spoke with Julie Sinha about the breakouts that happened, upcoming events with a focus on Chinese GDP and other market matters, such as the strong moves of EUR/GBP. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Get the 5 … “Breakouts and China – Midweek Interview on Forex TV”
USDJPY Technical Long Term Outlook
Guest Post by Nick Kanger, Head Currency Analyst at ProAct Traders There was “talk” earlier this week that the Yen would fall to 90.00 before making any appreciable recovery. And while price did fall to 90.31, this level of support came up short of 90.00, and should be consider as a price undershoot and a … “USDJPY Technical Long Term Outlook”
The Pound Will Not Rise without Orders from King
The number of unemployed people fell again in Britain, quite impressively. This doesn’t seem enough for the Pound. The key is in the hands of Mervyn King, which sees the dark side of the economy. Claimant Count Change, the earliest and most important indicator for British employment, fell by 15,200 jobs in December. This is … “The Pound Will Not Rise without Orders from King”
EUR/GBP Continues the Free Fall
Backed by significant economic figures, EUR/GBP continues the free fall, quickly approaching the next line of support. Here’s an update on this cross. EUR/GBP continues to be a rather predictable currency pair. The support and resistance lines are more clear here than in many other pairs. Strong British inflation British inflation is lifting its head. After … “EUR/GBP Continues the Free Fall”
EUR/GBP Breaking Below
EUR/GBP has made a significant downwards breakout, reaching a 4-month low. Here are some of the reasons and the technical levels to watch. EUR/GBP broke under the 0.8852 line that was the low on December 17th. It also went below the November 17th low of 0.8834. At 0.8820 (at the time of writing), it’s at … “EUR/GBP Breaking Below”
Aussie – Great Employment Numbers Aren’t Enough for a
Australian employment numbers were excellent, but weren’t enough for the Aussie – it failed to break the important resistance line for the second time this week. Double top? Or just a matter of time? Australia’s employment change figure showed a rise of 35,200 jobs. This was better than last month’s Aussie job figures and also … “Aussie – Great Employment Numbers Aren’t Enough for a”
US Gained Jobs In November – Dollar Bulls Not Giving Up
NFP was a disappointment with a significant job loss. But looking at last month’s figure gives the dollar bulls some strength, especially against the Euro. Non-Farm Payrolls for December fell by 85,000. This was a big disappointment, as the market was expecting a balanced figure, and even a rise in jobs. The rise in jobs … “US Gained Jobs In November – Dollar Bulls Not Giving Up”
Pound Still Weak After Rate Decision
Mervyn King managed to meet expectations in a perfect way – so perfect, that the Pound hardly moved, a rarity. It left the Pound in its low position towards tomorrow’s big event. The Bank of England left the interest rate unchanged at 0.5%, the historic low. This rate has been in place since March 2009. … “Pound Still Weak After Rate Decision”