Dec 19, 2011

Forex Crunch EUR/USD Dec. 19 – Back to Range After North Korean Dip

Forex Crunch EUR/USD Dec. 19 – Back to Range After North Korean Dip

EUR/USD Dec. 19 – Back to Range After North Korean Dip

Posted: 19 Dec 2011 02:56 AM PST

Euro dollar starts the week in the same range. The news about the death of North Korean leader Kim Jung Il sent the pair lower for a short while, but the focus quickly returns to Europe. The refusal of the ECB to buy bonds sends Italian yields higher once again. Will the debt issues continue into the holiday season?

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

Read the rest of the article EUR/USD Dec. 19 – Back to Range After North Korean Dip

EUR/USD:Trading the German Ifo Business Climate

Posted: 19 Dec 2011 12:21 AM PST

The German Ifo Business Climate is a monthly composite index of about 7,000 businesses which are asked to rate current business conditions and their expectations over the next six months.   This makes it a leading indicator of economic health and a major market mover for EUR/USD. A reading that is higher than forecast is bullish for the Euro.

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

Read the rest of the article EUR/USD:Trading the German Ifo Business Climate

Forex Daily Outlook December 19 2011

Posted: 18 Dec 2011 02:00 PM PST

We start the week with some interesting events like ECB President Draghi Speaks in Europe and Rightmove HPI in the UK as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, National Association of Home Builders (NAHB) Housing Market Index is expected to rise by 1 point up to 21 points on this monthly survey.

Read the rest of the article Forex Daily Outlook December 19 2011

GBP/USD Outlook December 19-23

Posted: 18 Dec 2011 01:55 PM PST

The British pound lost ground against the surging US dollar, but managed to recover somewhat, losing about 100 pips over the course of the week. The upcoming week is quite busy with seven important indicators being released. Highlights include GDP and current account. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

The eurozone crisis and the global slowdown continue to batter Britain’s weak economy. The Treasury is forecasting that growth in 2011 will be a weak 1.1%, well down from the 2% projection at the beginning of the year. There is a strong chance that the economy will dip into a recession in early 2012. The economic indicators do not paint a pretty picture. Consumer confidence is very low, unemployment is high, at 8.3%, and keys sectors such as retail and manufacturing continue to struggle.

Read the rest of the article GBP/USD Outlook December 19-23

AUD/USD Outlook December 19-23

Posted: 18 Dec 2011 01:38 PM PST

The Australian dollar was down sharply against its US counterpart, dropping almost 300 pips last week. The upcoming week is a quiet one, with three economic indicators, and the markets watching to see if the impressive run by the US dollar continues. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD.

Australia’s GDP rose 1 percent in the third quarter, which was higher than the markets had anticipated. The areas of strongest growth were consumer spending and investment in the mining sector. With the cheery economic news, a third consecutive interest rate cut in February by the central bank appears less likely.

Read the rest of the article AUD/USD Outlook December 19-23
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