Jun 4, 2011

Forex Crunch Forex Weekly Outlook –June 6-10

Forex Crunch Forex Weekly Outlook –June 6-10

Forex Weekly Outlook –June 6-10

Posted: 04 Jun 2011 02:00 AM PDT

Another week saw another sharp downfall of the US dollar. Will this continue into the next week? We have rate decisions in the Euro-Zone, the UK, Australia and New Zealand as well as  employment data from the Canada and Australia among other events.  Here is an outlook on the important events ahead. Signs of a

Forex Crunches for the Weekend – June 4

Posted: 03 Jun 2011 02:00 PM PDT

A very exciting week has ended. Apart from the non stop buzz around the Greek crisis, the week ended with the all-important Non-Farm Payrolls. Now that the markets are closed, it is time to sit back and enjoy some long term forex reads. Here are my picks, from selected sites. Enjoy! The past week has

EUR/USD Rally Stopped on Good US Services PMI

Posted: 03 Jun 2011 07:03 AM PDT

The US services sector provided some good news for a change: The ISM Non-Manufacturing PMI rose to 54.6 points, exceeding expectations of 53.8 points. This halts the rally of EUR/USD. The services sector is the largest in the US. This indicator is usually released before the Non-Farm Payrolls, providing an important hint. If it would

EUR/USD and USD/CHF Technical Analysis

Posted: 03 Jun 2011 06:08 AM PDT

EURUSD: Pressured To The Upside. EURUSD: With a reversal of its Wednesday losses seen on Thursday, risk of further strength is likely though hesitating. In such a case, its May 06'2011 high at 1.4586 will be targeted and ultimately the 1.4938 level, its 2011 high. EUR will have to cut through the latter level to resume

Non-Farm Payrolls Disappoint Everybody – Yen and Franc Biggest Movers

Posted: 03 Jun 2011 05:33 AM PDT

US Non-Farm Payrolls disappointed the even the economists that lowered their expectations: only 54K jobs were gained during May, around a third of what was expected after modifications. Also the unemployment rate rose more than expected, and reached 9.1%. This time, not only safe haven currencies jump, but also EUR/USD follows and temporarily breaks resistance
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