The Aussie is getting back to normal, making kangaroo leaps on good data and facing some challenging resistance lines. Here’s an update on the high-yielding Aussie, and a look forward towards the next technical hurdles for AUD/USD. The Australian dollar is doing well this week. It confirmed the break above 0.8950 and continued higher. The Aussie … “AUD/USD Makes a Big Comeback – An Update and a”
Category: Opinions
EUR/USD Failed to Break Out
The Euro tested the upper border of its trading range and bounced. There are many reasons for explaining the move upwards, and one good reason for not seeing a break. EUR/USD went as high as as 1.4480 – an important resistance line, and then fell back down to the low 1.44s. Since December 16th, the … “EUR/USD Failed to Break Out”
Video Weekly Outlook on Forex TV
On an appearance on Forex TV, Julie Sinha interviewed me about the outlook for this week. I’ve reviewed the major events on the calendar, and focused on the pivotal event – Non Farm Payrolls. I’ve also covered technical levels to watch out for, including currency pairs not covered in the weekly outlooks. Enjoy: I want … “Video Weekly Outlook on Forex TV”
Will the US Finally See Job Gains?
The American job market has reached a turning point, where a gain in jobs is at a hand. In this preview, there are arguments for both options, expected market behavior and possible strategies for trading this major news event. In a previous post about forex binary options, I’ve shown how a binary option can be … “Will the US Finally See Job Gains?”
How will EUR/USD Perform in 2010? These 6 Insightful
As 2010 begins, I’ve searched the web for forecasts on the forex market’s most popular pair: EUR/USD. I found 5 insightful forecasts for this pair. Most of them see a stronger dollar in 2010. Here’s the list + a few notes about them. I’d be glad to here more thoughts! If you have a site … “How will EUR/USD Perform in 2010? These 6 Insightful”
5 Predictions for the Forex Industry in 2010 and Beyond
The forex industry evolved nicely in 2009. Looking towards 2010, and the new decade, here are 5 predictions about the industry. I wrote this post after reading Kathy Lien’s excellent article about the top 5 events of this decade. I’m looking at trends that already began recently, as well as trends that I believe that … “5 Predictions for the Forex Industry in 2010 and Beyond”
USD/BRL – A pair to notice in 2010
The Brazilian Real is off the radar for most traders. The Brazilian economy has significantly strengthened during the last crisis, and this is strongly felt in the currency. In 2010, USD/BRL will probably gain more traction. Brazil’s population is nearing 200 million people, the fifth in the world. It’s economy had been behind for many … “USD/BRL – A pair to notice in 2010”
GBP/JPY – Popular with Action Loving Traders
GBP/JPY is the king of crosses. There are many reasons why it’s popular. Looking at the Geppy again, it looks like the popularity comes from specific traders,but they aren’t always on the winning side. Looking over and over again at the social indicators at Currensee, I see the same picture over and over again: no … “GBP/JPY – Popular with Action Loving Traders”
Fed Decision – No Middle Ground
There is no consensus about the outcome of the FOMC Meeting. This makes any decision a market major market mover. The option of a calm reaction in the forex market doesn’t exist. Here’s a preview for the upcoming FOMC meeting. Image credit: Gage Skidmore There is a consensus about the unchanged interest rate. It won’t … “Fed Decision – No Middle Ground”
Finding Predictable Currency Pairs
Newcomers to forex trading usually start off with the popular pairs: EUR/USD or GBP/USD. While these pairs are OK, these might not always be the best pairs to start trading with. I’m fond of the Australian dollar – AUD/USD, and I find it the most predictable pair. I chose this pair based on my experience … “Finding Predictable Currency Pairs”