Sep 25, 2011

Forex Crunch GBP/USD Outlook – September 26-30

Forex Crunch GBP/USD Outlook – September 26-30

GBP/USD Outlook – September 26-30

Posted: 25 Sep 2011 04:00 AM PDT

The British pound had another week of suffering. Where will it find a bottom? The upcoming week leans towards housing indicators. Here is an outlook for the British events, and an updated technical analysis for GBP/USD.

Britain is getting closer to another round of QE, perhaps as early as next month. This is what was seen in the meeting minutes, and it hurt the pound. On the same day, Ben Bernanke didn’t provide any hints whatsoever for QE3 and settled for Operation Twist. This was a huge blow for the pound.

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NZD/USD Outlook – September 26-30

Posted: 25 Sep 2011 02:00 AM PDT

The New Zealand dollar tumbled down and returned to levels seen before it surged to all times highs. Building Consents  and NBNZ Business Confidence are the major events this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD

The biggest blow came from Operation Twist launched by Bernanke and the lack of QE3 in the US. Last week Current Account indicated growth in imports reaching a deficit of 0.92B and GDP growth narrowed to 0.1% following 0.9% increase in the previous month. Is the global economic situation drag down NZ economy?

Read the rest of the article NZD/USD Outlook – September 26-30

USD/JPY Outlook – September 26-30

Posted: 25 Sep 2011 01:22 AM PDT

Dollar/yen remained very calm in a wild week in the markets. Will this narrow range trading continue? Retail sales, Household spending and Tokyo core CPI are the main market-movers this week.  Here's an outlook for the Japanese events and an updated technical analysis for USD/JPY.

Last week a Big sigh of relief in Japan following Bernanke’ announcement of "Operation Twist" resulting in USD/JPY rises taming the high yen problem which threatens Japanese exports. Will this move help to further control the yen?

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AUD/USD Outlook – September 26-30

Posted: 24 Sep 2011 04:15 PM PDT

The Aussie had a horrible reaching levels last seen in 2010. The upcoming week is relatively light in indicators, but this doesn’t mean it will be light with movements. Here is an outlook for the events awaiting us, and an updated technical analysis for AUD/USD, now in much lower ground.

The big blow for the Aussie came from Ben Bernanke’s twist. As a risk currency that is also dependent on commodities, the Aussie was hit bad. Also Chinese weakness didn’t really help.

Read the rest of the article AUD/USD Outlook – September 26-30

Greek Default: 6 Critical Weeks for 6 Countries

Posted: 24 Sep 2011 02:20 PM PDT

Finally, a Greek default is on the cards and has a tentative timing: the first week of November. The G-20 and IMF discussions in Washington have reportedly resulted in enough pressure on Europe to get its act together.

6 countries are in the heart of the crisis at its current situation, together with one institution with a critical role: the ECB. Here are the implications for all of them. And yes, this means a weaker euro, well before the default occurs. Here are expectations for these countries, and the implications for the single currency.

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USD/CAD Outlook – September 26-30

Posted: 24 Sep 2011 09:00 AM PDT

One Canadian dollar is now worth significantly less than one US dollar as the loonie surrendered to the greenback . GDP is the highlight of this week. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD.

The lack of QE3 in Bernanke’s statement and especially the comment about downside risks to the economy weighed heavily on the loonie. This was exacerbated by the accompanying fall in oil prices.  Last week Inflation rates increased but retail sales contracted due to a reduced demand for automobile, Core retail sales remained flat indicating less activity in the market. Will this trend continue?

Read the rest of the article USD/CAD Outlook – September 26-30

EUR/USD Outlook – September 26-30

Posted: 24 Sep 2011 06:00 AM PDT

Euro/dollar slid to a 7 month low. Greece continues to float between the next tranche of aid to the trenches. Will the fate of this debt hit country be known this week? Apart from Greece, the calendar is very busy and we will get hints on a possible rate cut by the ECB. Here is an outlook for the upcoming events, and an updated technical analysis for EUR/USD.

The big blow to the euro and to most currencies came from Ben Bernanke. The Fed announced “Operation Twist” but provided downbeat language on the economy and no further easing steps such as QE3. The impact of Bernanke on financial markets will likely accompany us for many months to come.

Read the rest of the article EUR/USD Outlook – September 26-30
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