Nov 7, 2011

Forex Crunch USD/CAD: Trading the Canadian Housing Starts Release

Forex Crunch USD/CAD: Trading the Canadian Housing Starts Release

USD/CAD: Trading the Canadian Housing Starts Release

Posted: 07 Nov 2011 02:41 AM PST

The Housing Starts indicator is an important economic leading indicator, considered by analysts as a good measure of consumer spending. A higher reading than forecast by the market points to a growing economy and is bullish for the loonie.

Here are all the details, and 5 possible outcomes for USD/CAD.

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EUR/USD Nov. 7 – Falls on Italian Mess, Weak Indicators

Posted: 07 Nov 2011 02:22 AM PST

Euro dollar starts the week on a low note, sliding lower on more weak retail sales and investor confidence. Berlusconi’s shaky ground in Italy sends Italian bond yields to alarming levels and weighs heavily on the euro, while the political progress in Greece is already forgotten.

Here's a quick update on technicals, fundamentals and what's going on in the markets.

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Berlusconi’s last throw of the dice?

Posted: 07 Nov 2011 12:51 AM PST

Last week's obsession with Greece is destined to switch to Italy this week, with Prime Minister Berlusconi's coalition in serious danger of fracturing. In recent days, three members of his party have left, while another six have written an open letter to one of the major Italian newspapers calling on his resignation.

Repubblica claims that at least ten party members want to leave Berlusconi's coalition, As a result, the embattled leader is facing a significant revolt tomorrow when the lower house votes on a budget report. Berlusconi squeaked through a confidence motion last month by the slimmest of margins but if he loses the vote tomorrow, he will be obliged to call another confidence vote and this time he may well be out of luck.

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Forex Daily Outlook November 7 2011

Posted: 06 Nov 2011 02:00 PM PST

We start the week with some interesting events like Halifax HPI in the UK and ANZ Job Advertisements in Australia as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, Consumer Credit, value of unpaid requires payments consumers credit that over the previous month, due to rise from -9.5B on October up to 5.2B now.

Read the rest of the article Forex Daily Outlook November 7 2011

5 Reasons Why Israel Will Not Attack Iran – But if It Will, How will Currencies React?

Posted: 06 Nov 2011 07:59 AM PST

On November 8th, The International Atomic Energy Agency(IAEA) is due to publish an updated report about Iran’s nuclear program. It is expected to provide new and worrying details about Iran’s nuclear capabilities. Towards this event, news about an upcoming Israeli attack on Iran have emerged. 

The chances of an airstrike to happen are low. 5 reasons are detailed below. But if tensions rise, how will this impact currencies?

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USD/CHF Outlook – November 7-11

Posted: 06 Nov 2011 06:44 AM PST

The Swiss franc climbed against the dollar at the start of last week, but then gave up those gains. The upcoming week has two important indicators, as well as more news from the Euro Zone, which is completely focused on the Greek debt crisis. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF.

The Swiss economic indicator dropped for the sixth consecutive month in October, signalling a deepening economic slowdown. Exports have taken a hit due to the surging Swiss franc, which has gained 12% in the past year against the Euro.

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GBP/USD Outlook November 7-11

Posted: 06 Nov 2011 05:00 AM PST

The British pound couldn’t escape the debt crisis in continental Europe and slid lower in an exciting week. The upcoming week is very busy, with the rate decision being the star of the show. Here is an outlook for the upcoming events and an updated technical analysis for GBP/USD.

Britain enjoyed some nice growth in Q3, but fresh figures from October are not so good: The manufacturing sector is contracting once again, while construction is doing better and the services sector is struggling.

Read the rest of the article GBP/USD Outlook November 7-11

USD/JPY Outlook November 7-11

Posted: 06 Nov 2011 04:40 AM PST

Dollar/yen jumped on another intervention by the authorities. Will this succeed? Or fail like previous interventions? Core Machinery Orders and Tertiary Industry Activity are the main events lined up.  Here's an outlook for the Japanese events and an updated technical analysis for USD/JPY.

Last week BOJ Governor Masaaki Shirakawa spoke about the necessity of world leaders to prevent EU debt crisis from generating another global recession and ensure market stability. Shirakawa was criticized in the meeting in Osaka for failing to lower the surging yen hindering Japan’s recovery. Will Japan succeed to depreciate the yen?

Read the rest of the article USD/JPY Outlook November 7-11
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