Forex Crunch GBP/USD Outlook – October 3-7 |
- GBP/USD Outlook – October 3-7
- USD/JPY Outlook – October 3-7
- NZD/USD Outlook – October 3-7
- GBP/CHF Maintains Upside Bias, EUR/GBP Under Downside Pressure
- AUD/USD Outlook – October 3-7
- EUR/USD Outlook – October 3-7
- USD/CAD Outlook – October 3-7
- Slovakia Wants a Plan for a Greek Default as Talks are Stuck
| Posted: 02 Oct 2011 03:00 AM PDT The British pound managed to correct its falls very nicely. The upcoming week will be much more challenging: the fourth quarter begins with many key indicators, and a rate decision that will be closely watched. Here is an outlook for the British events, and an updated technical analysis for GBP/USD. Britain managed to distance itself from the worsening debt crisis in Europe and enjoyed the diversification of funds towards the sterling, that were proposed by the SNB. This week, a lot depends on the British fundamentals, which are somewhat worrying. Read the rest of the article GBP/USD Outlook – October 3-7 |
| Posted: 02 Oct 2011 02:40 AM PDT Dollar/yen moved slightly higher, but remained in range. Will the pair move now, at the beginning of Q4? Tankan Manufacturing Index and the rate decision are the main events this week. Here's an outlook for the Japanese events and an updated technical analysis for USD/JPY. Last week retail sales dropped unexpectedly by 2.6% following 0.6% in the previous month on a yearly base; household spending plunged 4.1% from 2.1% decrease in the preceding month and industrial production gained 0.8% while 1.5% increase was predicted. Are these weak readings an ominous sign for the future or just a temporary slowdown in the path to recovery? Read the rest of the article USD/JPY Outlook – October 3-7 |
| Posted: 02 Oct 2011 12:34 AM PDT The New Zealand dollar continued lower for another week. Where will it stop? NZIER Business Confidence is the major event this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD The kiwi got a double blow from rating agencies, which downgraded the credit rating of the country. This wasn’t fully anticipated and sent the kiwi to a 6 month low. Last week building consents continued to surprise with 12.5% increase and 30.3% of businesses participating in a survey believed economic conditions will improve in the next few months compared to 34.4 in the previous month indicating an overall optimistic view of NZ economy. Will things continue to improve? Read the rest of the article NZD/USD Outlook – October 3-7 |
| GBP/CHF Maintains Upside Bias, EUR/GBP Under Downside Pressure Posted: 01 Oct 2011 04:48 PM PDT GBPCHF: Maintains Upside Bias, Pressure Builds up On The 1.4296 Level. GBPCHF: With a weekly higher close recorded the past week, the cross now looks to build up on its recovery gains triggered from the 1.1465 level in the new week. Read the rest of the article GBP/CHF Maintains Upside Bias, EUR/GBP Under Downside Pressure |
| Posted: 01 Oct 2011 03:00 PM PDT The Aussie dropped for a fourth week in a row. Will it continue lower at the beginning of the fourth quarter? We have a very busy week, with the rate decision in the limelight. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD, now in lower ground. More signs of slowdown in China and the double downgrade for New Zealand weighed on the Aussie. As risk aversion eventually took over, the Aussie, which is considered a risk currency, dropped as well.Apart from the rate decision, housing figures will be of interest this week. Read the rest of the article AUD/USD Outlook – October 3-7 |
| Posted: 01 Oct 2011 09:00 AM PDT Euro/dollar enjoyed some consolidation and correction, but this was eventually lost as a Greek default remains high on the cards. Time is running out. In addition to Greece, we have a very busy week for the beginning of Q3. The highlight will be the last rate decision for Jean-Claude Trichet, in which he might reverse his policy and cut the rate. Here is an outlook for the upcoming events, and an updated technical analysis for EUR/USD, The Slovak finance minister joined the voices calling to prepare for a Greek default. He probably has a good reason. The troika demands job cuts in Greece, and constitutional complications might prevent it. Leaders will meet towards the end of the week to discuss the situation. If they act too slowly, the default will not be orderly. Let’s start: Read the rest of the article EUR/USD Outlook – October 3-7 |
| Posted: 01 Oct 2011 06:00 AM PDT The Canadian dollar continued to retreat against its southern neighbor. Where will it stop? Ivey PMI and especially employment figures in Canada and in the US are the highlights of this week. Here’s an outlook for the Canadian events and an updated technical analysis for the USD/CAD. Last week GDP growth rate for July rose in line with expectations by 0.3%. This hardly cheered the loonie. Will the Canadian economy evade the current global slowdown? Read the rest of the article USD/CAD Outlook – October 3-7 |
| Slovakia Wants a Plan for a Greek Default as Talks are Stuck Posted: 01 Oct 2011 05:28 AM PDT The finance minister of Slovakia said that the euro zone should prepare for a scenario of a coordinated default of Greece in order to prevent contagion. He awaits the report of the troika regarding Greece. The report might show that Greece’s debt is unsustainable. The voices speaking about a default are becoming louder as the troika and Greece find it hard to a agree on measures for the next tranche of aid. Read the rest of the article Slovakia Wants a Plan for a Greek Default as Talks are Stuck |
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