Impending Bearishness for the USD/ZAR
July 3, 2009 by Anton Eljwizat• Below are the hourly chart and 4-hour chart for the USD/ZAR.
• The indicators used are the Slow Stochastic, RSI, and MACD. Read the rest of this entry »
EUR Retail Sales on Tap
July 3, 2009 by Anton EljwizatThere is likely to be less volatility than usual in the market today with almost no market, as there is the U.S bank holiday. However, Europe appears to be releasing events that may indeed create a remarkable wave of volatility in the market. Read the rest of this entry »
Silver Upward Direction Taking Place
July 2, 2009 by Anton Eljwizat• The charts below are the hourly chart and 4-hour chart for Silver by ForexYard.
• The technical indicators used are the Slow Stochastic and RSI. Read the rest of this entry »
Crude Oil Forecast
July 2, 2009 by Jonathan MilletCrude Oil currently stands at $67.70 a barrel, the lowest price level it has been for the whole week. There are a number of important factors that have led to this drastic slide in Crude prices. Firstly, Crude Oil has been overvalued in the past several weeks; therefore the current rate may be a price correction. Read the rest of this entry »
U.S. Non-Farm Employment Change on Tap
July 2, 2009 by Jonathan MilletToday’s U.S. Non-Farm Employment Change data release is set to dominate the trading between the Dollar and its major currency pairs. A number of other factors are also likely to impact the forex market today, such as the EUR Minimum Bid Rate at 11:45 GMT. The results of today’s data are likely to determine the USD’s trend going into next week’s trading.
U.S Economic Fundamentals are Still Shaky
July 2, 2009 by Ashley SmithThe ADP Non Farm Employment Change report, which was released Wednesday 12:30 GMT showed a worse than expected result of -473,000. This report is viewed as a good forecast for the Non-Farm Employment report released by the Bureau of Labor Statistics. The report indicates that the labor market is still in a state of decline.
USD TRY Anticipating a Bullish Run
July 1, 2009 by Anton Eljwizat• Below is the hourly chart for the USD/TRY by ForexYard.
• The indicators used are the Slow Stochastic and RSI.
EUR Minimum Bid Rate Forecast
July 1, 2009 by Jonathan MilletThe main economic event that is likely to impact the forex market this week is the release of the EUR Minimum Bid Rate on Thursday at 11:45 GMT. This decision is highly important as it may determine the rate of the EUR, GBP, as well as USD crosses in the next several days. Since the start of the recession, all the major industrialized countries have cut their Interest Rates.
ADP Non-Farm Employment Change to Rock Today’s Market!
July 1, 2009 by Greg HoldenToday will be an important day for forex traders. Wednesdays typically act as the day with the most trading volume and volatility, and with events such as the US’s ADP Non-Farm Employment Change report being released just prior to the US market open, we will no doubt see a very intense trading session for all USD pairs and crosses, as well as dollar-based commodities (Gold, Crude Oil, Silver). The technical charts for the USD this morning are showing a lot of pressure mounting towards volatile price jumps, which will likely occur just after the ADP’s release at 12:15 GMT.
GBP – Halifax HPI - Housing Report
June 30, 2009 by Jonathan MilletThe figures for the Halifax HPI (also known as the House Price Index, Halifax Bank of Scotland) are set to be released at 8:00 am GMT this coming Wednesday. These results are set to have a very high significance on the British Pound. The data release in itself measures the alteration in the price of homes that are funded by the Halifax Bank of Scotland (HBOs).
