Dec 22, 2011

Forex Crunch Forex 2011 – The Year of the Tortoise and the Hare

Forex Crunch Forex 2011 – The Year of the Tortoise and the Hare

Forex 2011 – The Year of the Tortoise and the Hare

Posted: 22 Dec 2011 03:16 AM PST

Trading volume is thinning down towards the holiday season that marks the end of the year and it’s a good time to look back at movements of currencies in the past year. The fable of the tortoise and the hare seems appropriate to describe this year.

The most volatile currency pairs had quite a limited net movement, while the slower moving and sometimes frustrating pairs scored made bigger gains. This is how it looks:

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British GDP Revised to the Upside, But Current Account Disappoints

Posted: 22 Dec 2011 01:32 AM PST

The economy in the UK grew by 0.6% in Q3 according to the final publications. This is a surprise and an upwards revision from 0.5%. This upwards revision came on top of a downwards revision for Q2: the economy didn’t grow at all, contrary to a rise of 0.1% reported in the “final” release. Nothing is final.

Britain’s current account deficit leaped to 15.2 billion pounds. Early expectations were much lower, a deficit of only 5.6 billion in Q3. In Q2, the deficit stood on only 2 billion pounds.

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EUR/USD Dec. 22 – Rising in Range on Thin Air

Posted: 22 Dec 2011 01:00 AM PST

Euro dollar is making another attempt to move higher, after a breakout yesterday proved to be temporary. Yesterday’s huge indirect QE operation by the ECB is still digested as volume gets thinner before the holiday season. The highly anticipated French downgrade didn’t happen yet. Is S&P waiting for even thinner volume? Today we have important US indicators.

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

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Forex Daily Outlook December 22 2011

Posted: 21 Dec 2011 02:00 PM PST

Unemployment Claims in the US and Current Account in the UK are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claim, weekly report to measure who filed for the first time for unemployment cover, is due to rise by 10K from 366K up to 376K

Read the rest of the article Forex Daily Outlook December 22 2011

8 Basic Must Know Forex Trading Terms

Posted: 21 Dec 2011 08:23 AM PST

The Forex market is a crazy place, full of terms that a lot of people have never heard before. While having some previous experience trading stocks or futures is helpful to a budding Forex trader, there are a few terms that can be misleading to someone with no prior experience.

The following is a short list of some extremely basic terms that no one trading Forex can stand to be ignorant of.

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US Existing Home Sales Disappoints – only 4.42 million (annualized)

Posted: 21 Dec 2011 07:01 AM PST

US Existing Home Sales disappoint printing only 4.42 million on an annual basis. This exacerbates the falls seen earlier – an intensified risk off behavior. Expectations stood on 5.04 million.

Also last month’s figure was revised to the downside quite sharply: from 4.97 to 4.25 million. So, the fresh figure is actually a gain, but coming on top of a weakened number. These figures come after yesterday’s building permits and housing starts exceeded expectations.

Read the rest of the article US Existing Home Sales Disappoints – only 4.42 million (annualized)
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