May 31, 2011

Forex Crunch AUD/USD: Trading the Australian GDP Release

Forex Crunch AUD/USD: Trading the Australian GDP Release

AUD/USD: Trading the Australian GDP Release

Posted: 31 May 2011 03:03 AM PDT

Expectations are very low for Australia’s Q1 GDP: a first contraction of the economy in over two years. This broad measure of the economy will rock the Aussie on any result. Here are the details and 5 expected outcomes for AUD/USD. Published on Wednesday at 1:30 GMT. Indicator Background Australia’s economy never went into a

Another Pause in Strong Vigilance? European Inflation is Easing

Posted: 31 May 2011 02:04 AM PDT

According to the initial release of CPI in the Euro-zone, inflation eased to an annual rate of 2.7%, lower than 2.8% in April and expectations that stood on the same level. The drop in the consumer price index reflects the drop in commodity prices seen in May. One of the triggers to the drop in

EUR/USD Shows Impressive Strength Despite Weak Figures

Posted: 30 May 2011 11:53 PM PDT

French consumer spending dropped sharply: 1.6%, much more than 0.3% that was expected. Also German retail sales fell short of expectations. But the Euro remains resilient, holding on to gains at higher support. Update. The Euro-zone’s second largest country saw consumer spending drop sharply in April: -1.6%. This is not only significantly below expectations, but

USD/CHF Bounces Off Lows on Weak GDP

Posted: 30 May 2011 11:06 PM PDT

The Swiss economy grew by only 0.3% in Q1 2011, falling short of expectations for a growth rate of 0.6%. USD/CHF, is bouncing off all time lows and moving higher, still capped by resistance. Switzerland had a great 2010, with growth rates at almost 1% per quarter. But now, the strong value of the Swiss

Forex Daily Outlook – May 31 2011

Posted: 30 May 2011 03:00 PM PDT

Consumer confidence, Chicago PMI in the US, employment and inflation in the Euro-zone and a rate decision in Canada are the main events lined up in this busy day.  Let's see what awaits us today. In the US, Chicago Purchasing Managers Index - Monthly release measuring business conditions purchasing managers from Illinois, Indiana and Michigan. An

AUD/USD May 31– Aussie Down Against US Dollar on Greek Debt Uncertainty

Posted: 30 May 2011 12:12 PM PDT

The Aussie traded lower Monday against the US Dollar on thin holiday trading following investor doubt on a resolution to Greece’s looming debt crisis.  The Aussie was trading at 1.0681, down 0.23% at the time of this writing. Here's a quick update on technicals, fundamentals and community trends.  AUD/USD Technicals Previous sessions: The Aussie traded

USD/CAD Rises As Current Account Outweighs GDP

Posted: 30 May 2011 05:33 AM PDT

The Canadian economy grew by 0.3% in March, better than 0.2% that was expected. But the deficit in the current account was three times the early estimations. USD/CAD bounces off support and rises. In February, the Canadian economy squeezed by 0.1% (revised from -0.2% initially reported) – the first contraction in 5 months. This disappointed
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