Oct 30, 2011

Forex Crunch GBP/USD Outlook – Oct. 31 – Nov. 4

Forex Crunch GBP/USD Outlook – Oct. 31 – Nov. 4

GBP/USD Outlook – Oct. 31 – Nov. 4

Posted: 30 Oct 2011 03:30 AM PDT

The British pound shared the fate of the euro, and enjoyed a very strong ride. The upcoming week is very busy, with the first release of Q3 GDP being the highlight. Here’s an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

The pound also enjoyed a relatively small current account deficit. This provided a boost for the pound.

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AUD/USD Outlook – Oct. 31 – Nov. 4

Posted: 30 Oct 2011 03:00 AM PDT

The Aussie had another volatile week that provided quite a few opportunities and it eventually ended it on higher ground. The upcoming week is very busy, with the rate decision being the highlight of 12 events. Here’s an outlook for these events, and an updated technical analysis for AUD/USD.

The moderate rise in prices leaves room for a rate cut that will weaken the Aussie. On the other hand, the fresh signs of strength from China helped the Australian dollar. We have more data from China alongside Australian data.

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USD/CAD Outlook – Oct. 31-Nov. 4

Posted: 30 Oct 2011 01:07 AM PDT

The Canadian dollar made more gains against the US dollar and crossed the line of parity. GDP and employment data are the major events this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD.

Last week, despite positive figures reflecting improvement in the Canadian economy, the BOC remains quite cautious. The last rate statement did not include any hints of rate hikes due to the high uncertainty in the global scene. Will the Canadian market escape the global financial turmoil?

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EUR/USD Outlook – Oct. 31 – Nov. 4

Posted: 29 Oct 2011 06:00 AM PDT

Euro/dollar had a very exciting week around the European summits. It managed to climb back up to the previous range. Will it stay there? The upcoming week features the first rate decision by Mario Draghi, as well as other important indicators. Here is an outlook for the European events, and an up dated technical analysis for EUR/USD.

The European leaders went far by agreeing on a 1 trillion EFSF fund, a 50% Greek haircut and also on Italian reforms. Together with nice US growth, the markets were in a euro-phoria mode on Thursday, that faded out only a bit during Friday. Will the rally resume, or is the move over?

Read the rest of the article EUR/USD Outlook – Oct. 31 – Nov. 4
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