Jan 22, 2010

Forex Crunch Forex Daily Outlook – January 22nd 2010

Forex Crunch Forex Daily Outlook – January 22nd 2010

Forex Daily Outlook – January 22nd 2010

Posted: 21 Jan 2010 02:00 PM PST


The dollar is sweeping the board. Today we have no releases from the US, but important events elsewhere, with British and Canadian retail sales standing out. Let’s see what’s closing this volatile week.

Australian Import Prices start the day with an expected fall of 1.7%, following last month’s drop. The Aussie has lost a lot of ground due to China’s tightening this week.

In Britain, Retail Sales will close an eventful week. They are predicted to rise by 1.3% after a drop of 0.3% last month. Despite getting good figures this week, Mervyn King made it clear that no rate hikes will be seen soon, so the Pound is suffering as well.

In Europe, Industrial New Orders are expected to rise by 0.6% after dropping by 2.2% last month. Later in the day, the Belgium NBB Business Climate is predicted to improve, but still remain in the negative zone.

EUR/USD has fallen to a new range, between 1.40 and 1.42. These lines are described in the EUR/USD forecast.

If you’re into EUR/GBP, that fell a lot, you’re welcome to read an interesting analysis on Casey’s site.

Also the Canadian dollar is having an eventful yet unsuccessful week, with a dovish rate decision on top of everything. The loonie’s week will close with Retail Sales which are predicted to drop by 0.3% after rising last month. Core Retail Sales are expected to continue rising steadily by 0.2%.

For USD/CAD technical lines, read the Canadian dollar forecast.

That’s it for today and this week. Happy forex trading!

Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.

Follow Thy Trader

Posted: 21 Jan 2010 06:18 AM PST


You don’t always have the time trading by yourself. And robots aren’t a good substitute for a human. Managed accounts aren’t always accessible. A new program announced by Currensee aims to supply trade experts that you can follow and trade like them. And those experts are rewarded as well…

The advantage for expert, leader traders is that they get paid for successful trades with extra cash for having their followers follow them and trade as well. This is an extra leverage for them. Currensee’s platform saves them the hassle of finding traders, managing accounts and having to create reports.

If you’re a professional trader who wants extra leverage and confident of your success, you can sign up for being a trade leader through this page. If you’re accepted to the program, you will receive a bonus of 30 Currensee bucks good towards purchases in their marketplace.

For more on this very interesting program, check out the official press release:

Currensee announces success-based Trade Leader program

Compensates top Forex traders for superior trading performance

Boston, MA – January 20, 2009 – Today, Currensee (www.currensee.com), the first Forex trading social network that connects traders from around the world based on real-time trades, announced an open call for successful Forex traders to become Currensee Trade Leaders. As Currensee Trade Leaders, experienced Forex traders can attract and acquire trade "followers" from the fast growing Currensee trader network and be compensated for trading without the tedious effort of recruiting customers, managing money and reporting results.

"The call for Trade Leaders is being met with overwhelming excitement by top Forex traders from around the world," said Dave Lemont, CEO of Currensee. "Whether they are successful retail traders who have been doing this for a few years or professional traders who are managing money, traders want to be able to spend more time doing what they do best, and that's trading. The Trade Leader program is a great fit for traders who are confident in their success, open to the transparency of real trade performance and looking for a way to be compensated for trading successfully without all of the administration and effort. It's a win for the Trade Leader and a win for our Forex trading social network."

Currensee is in the selection process for Trade Leaders and invites successful Forex traders to join the program at www.currensee.com/tradeleaders. Trade Leaders are currently being reviewed against selection criteria and must establish a track record on Currensee based on real performance, which provides full transparency. Trade Leaders have the opportunity to realize a new revenue stream and will be compensated based on the success of their trading.

"I am excited about the opportunity to be a Trade Leader on Currensee," said Alex Kazmarck, Currency Strategist at SpotEuro. "I have been trading for years and am always looking for new business opportunities that let me do what I love and help others. Currensee gives me the chance to focus on my trading and generate income based on successful trades, while helping Forex traders at the same time. The best part is they handle all the administration and headaches. Any great Forex trader should want to participate."

About Currensee:

Currensee brings trust and transparency to retail Forex trading.  The Currensee social trading network connects retail Forex traders from around the world, so they can share and collaborate on actual trading information in real-time.  The unique Currensee social indicators aggregate the wisdom of the network and provide a new approach to Forex market analysis and trade decision-making.  Currensee supports over 100 Forex brokers and education partners and is a member of the National Futures Association. Currensee is funded by North Bridge Venture Partners and the company is headquartered in Boston, Massachusetts. For more information, visit us at www.currensee.com.   Follow us on Facebook (www.facebook.com/currensee) and Twitter (www.twitter.com/currensee)

Disclosure: I’m affiliated with Currensee.
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)