Today’s Summary: Industry Faltering, GDP Sluggish, Dollar Bearish
April 28, 2011 8:25 pm by Greg HoldenAn ominous trend has developed among the top global economies in regards to industrial production. Great Britain initially published a report which showed industrial order expectations sinking rapidly for the month of April. Then the euro zone released its industrial ...
Japanese Spending in Sharp Decline
April 28, 2011 8:16 pm by Greg HoldenThe Japanese economy rarely publishes enough data to drive the direction of its foreign capital flows. That being said, this morning’s unusual string of data out of the island economy has filled in several numerical gaps in our analysis.
Scandinavia Quiet ahead of Swedish Rate Announcement
April 19, 2011 4:10 pm by Greg HoldenThe Scandinavian currencies have been trading mildly within the same trends which they possessed over the past week or more. The Swedish krona is still gaining on statements by the central government that it would raise taxes next year, continue ...
Aussie Slumps to 4-Day Low vs. USD
April 19, 2011 2:37 pm by Greg HoldenThe Australian dollar (AUD) remains bullish in spite of monetary tightening in China. However, the concerns that restricted bank requirements for Chinese banks would impact its Pacific neighbors initially drove the Aussie to a 4-day low against the US dollar ...
S&P Spooks Market with Downgrade of US Outlook
April 19, 2011 2:35 pm by Greg HoldenStandard and Poor’s (S&P) rating agency downgraded its US long-term outlook from stable to negative today, citing indecisiveness among US policymakers as the main reason. The agency commented on how the downgrade was necessary considering that over two years have ...
US Government Shutdown Likely
April 8, 2011 8:19 pm by Russell GlaserThe euro continued to move higher in New York trading as the US Federal Government may shut down this weekend over the budget impasse.
Oil Prices Climb above $111 a Barrel
April 8, 2011 7:27 am by Anton EljwizatCrude oil prices rose significantly yesterday and peaked at $111.36 per barrel. However, the daily chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders involved with commodities like this can ...
USD May See Bullish Reversal Against NOK
April 6, 2011 8:08 am by Anton EljwizatAfter tumbling throughout the last week, technical indicators are now showing that the USD/NOK may be due for an upward correction. As we will see, now may be a good time for traders to open long positions for ...
Sell Signals on AUD/USD
March 25, 2011 8:51 am by Anton EljwizatThe AUD/USD experienced much bullishness in the past few days, as it now stands at 1.0240. However; it seems that this trend may be coming to an end. I will illustrate below that the AUD/USD may very well be heading ...
EUR/CAD Uptrend Might be Near the End
March 21, 2011 7:44 am by Anton EljwizatThe volatile of the EUR/CAD pair continues to be affected by the volatile forex market. The last two weeks has seen a lot of bullish strength in the EUR/CAD pair. However, as I demonstrated below, it seems that the pair’s ...
