Dec 20, 2011

Forex Crunch EUR/USD Dec. 20 – Waiting for the Hammer to Fall

Forex Crunch EUR/USD Dec. 20 – Waiting for the Hammer to Fall

EUR/USD Dec. 20 – Waiting for the Hammer to Fall

Posted: 20 Dec 2011 04:44 AM PST

Euro dollar remains in a tight range, that is becoming narrower. Will the pair break out and make a sharp move? A positive German Ifo Business Climate figure helps the pair, but only in range. Decisions made in the EU Summit seem hard to implement, especially regarding the IMF loan. The ECB refuses to step up  bond buying as Spain has another bond auction. Rating agencies are active, but they haven’t reached the shores of France.

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

Read the rest of the article EUR/USD Dec. 20 – Waiting for the Hammer to Fall

Austerity packing a punch in the UK

Posted: 20 Dec 2011 04:43 AM PST

At we reach the back end of this year, UK property prices are having a proper reality check as austerity and Europe's debt crisis combine to curtail spending down on all but the bare essentials. According to the property website Rightmove, asking prices dropped by 2.7% this month, after a 3.1% decline in November.

Over the second half of this year, average property prices fell by 6%. It would have looked a great deal worse if not for the resilience of London prices, down less than 1% since the middle of the year although in the last two months they have fallen by 3.4%. Separately, retailers generally confirm that the climate has been 'challenging' which, translated, means utterly miserable. The City will have been be startled by the report in the Sunday Telegraph claiming that RBS could cut its investment banking division in half.

Read the rest of the article Austerity packing a punch in the UK

Trade Responsibly Chapter 8: Learn How to Lose

Posted: 20 Dec 2011 02:00 AM PST

Winning is fun and useful, but losing is also part of the game. Successful traders lose quite a few trades, but know how to minimize their losses and cope with the situation. In order to win in the long run, you often need to know how to lose in the short run and remain in the game.

Have you lost the trade? Analyze it. Analyzing doesn't have to take place immediately. Perhaps you will find it more useful taking some distance from the actual trade. This will allow you to be less emotional and to analyze the trade without the emotional stress.

Read the rest of the article Trade Responsibly Chapter 8: Learn How to Lose

Indirect Euro-zone QE at Play?

Posted: 20 Dec 2011 02:40 AM PST

Spain had a winning streak of bond auctions. It managed to sell more bonds than expected and with falling yields. One reason is the high hopes for the new government, set to assume power soon.

Yields rose towards the elections and have been falling since then. Yet not only the high expectations send money towards the euro-zone’s fourth largest economy. The ECB also has a part in this:

Read the rest of the article Indirect Euro-zone QE at Play?

EUR/USD Trapped In Correction Within Downtrend; 1.2800 Next!

Posted: 20 Dec 2011 12:06 AM PST

We expect further weakness on Eur/Usd after a fall in the past week with and type of a price action which suggests that decline from 1.3550 is impulsive.

With this being said, our bias is very bearish now within impulsive structure, and will look for more weakness ideally into 1.28/1.27 zone, while 1.3280 critical level holds! But already a break of the upper channel resistance line would threaten the bearish outlook.

Read the rest of the article EUR/USD Trapped In Correction Within Downtrend; 1.2800 Next!

Forex Daily Outlook December 20 2011

Posted: 19 Dec 2011 02:00 PM PST

US housing data and Euro-Zone business and consumer sentiment as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, Building Permits the annualized amount of residential permits released in October was well beyond predictions reaching 650,000 after 590,000 in the prior month. A small drop to 630,000 is expected now.

Read the rest of the article Forex Daily Outlook December 20 2011

Cracks Widen in EU Summit Deal – IMF Loan Plan In Trouble

Posted: 19 Dec 2011 12:21 PM PST

One of the plans made in the recent EU Summit was that European governments would lend money to the IMF, and that this money would help the indebted countries.

The plan was to present the details by now. Well, not everyone wants to participate, and some of the participants need aid by themselves. This is weighing on the euro. Here are 5 skeptic countries:

Read the rest of the article Cracks Widen in EU Summit Deal – IMF Loan Plan In Trouble

11 Most Popular Forex Articles of 2011

Posted: 19 Dec 2011 08:40 AM PST

The holiday season that marks the year’s end is getting close. 2011 was a very volatile year, with many dramatic events. Here is a list of 11 most popular articles published on Forex Crunch in 2011.

The list doesn’t include the regular sections, such as EUR/USD weekly outlook or the forex news section. It also excludes news items with a limited scope – items that were relevant for only day. A list of the top 5 sections follows.

Read the rest of the article 11 Most Popular Forex Articles of 2011
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