US Durable Goods Orders on Tap
July 29, 2009 3:25 pm by Natalie R.After a modest return to risk aversion yesterday following a disappointing Consumer Confidence report, it will be interesting to follow today whether or not this trend will continue. Several indicators due to be released today are likely to influence this ...
GBP Prediction
July 28, 2009 7:40 pm by Dan EduardThis week's prediction for the British Pound is very interesting, as the British currency continues to go volatile on a number of different economic factors. However, the underlying reason for this behavior may be Britain's inability to squeeze out of ...
AUD/USD Provides Bearish Signals
July 28, 2009 6:38 pm by Anton EljwizatThe AUD/USD has been experiencing some very bullish behavior in the past two weeks, and it currently stands between the 0.8250-0.8300 levels. However, as I will demonstrate below, the AUD/USD pair may very well be heading for a reversal.
How to Use Stochastic and MACD
July 28, 2009 4:36 pm by Greg HoldenTwo of the most common indicators used by traders when performing technical analysis is the Stochastic and the MACD. Below is the description for how these two indicators work and how to read them. Stochastic: The Stochastic has two sub-features, Slow and ...
EUR and AUD Forecasts
July 28, 2009 3:15 pm by Natalie R.EUR The EUR holds firm against the U.S Dollar today after it hit its highest in 8 weeks Monday, when a jump in U.S. New Home Sales encouraged investors to seek riskier assets. The EUR edged up 0.1% to $1.4243 after ...
Consumer Confidence Reports this Week!
July 28, 2009 10:54 am by Dan EduardYesterday's most important economic news was the 11% rise in new U.S. home sales. The result is likely to dominate forex trading today ahead of the CB Consumer Confidence figures coming out at 14:00 GMT. The USD's mid-day gains yesterday leveled ...
Krone Rally Highlights Growth in Scandinavia
July 28, 2009 10:28 am by Greg HoldenThe Scandinavian currencies have experienced a strong bullish rally over the past week due to the sudden drop in the demand for the USD safe-haven. Last week's housing data in the United States has convinced many investors that the worst ...
Impending Bullishness for EUR/AUD
July 24, 2009 10:37 am by Anton EljwizatThe EUR/AUD has recorded a bearish behavior in the past several days. However, the technical data indicates that this trend may reverse anytime soon. Forex traders can take advantage of this imminent upward movement by entering long positions at an ...
Is Britain on the Path to a Speedy Recovery?
July 23, 2009 10:33 pm by Natalie R.Gross Domestic Product (GDP) is the market value of all final goods and services made within the borders of a nation in a year. This is a broad measure of economic activity and a primary estimate of economic health as ...
Movements in Equity Markets to Dominate Forex Trading Today
July 23, 2009 1:26 pm by Natalie R.Movements in global equity markets are likely to dominate forex trading today. This is as earning reports continue to be published. For today, however, the dominant mood will likely be caution, as the expectation is for poor results. Furthermore, the ...
