Dec 13, 2011

Forex Crunch US Retail Sales +0.2%, Core Sales +0.2%

Forex Crunch US Retail Sales +0.2%, Core Sales +0.2%

US Retail Sales +0.2%, Core Sales +0.2%

Posted: 13 Dec 2011 05:30 AM PST

US Retail Sales +0.2%, Core Sales +0.2%, worse than expected.

Early expectations stood on a gain of 0.6% in the headline figure and a rise of 0.5% in the core figure.

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FOMC Preview: 3 Reasons for No Changes and 3 For Action

Posted: 13 Dec 2011 03:30 AM PST

The FOMC will  likely remain on the sidelines for a second meeting in a row. The balance between the different members remains unchanged and so do indicators.

Any action by the Fed will indicate a very worrying situation among banks, probably on the other side of the Atlantic, but the chances are small. The only hope for action comes from the fact that policy changes were made when there was no accompanying press conference, as it is now. FOMC Preview.

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Trade Responsibly Chapter 7: Pacing

Posted: 13 Dec 2011 02:00 AM PST

In order to improve your trading, the frequency of your trading deserves special attention.  In order to have better control over your account, it is advisable to pace yourself.

Some traders have a winning streak and they extend the times in which they trade. Eventually, their nose is attached to the screen for too many hours, and they begin seeing trades that are never there. This also has bad implications on other things in life, and isn't healthy at all.

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Spain Enjoys Successful Auction: Lower Yields and High Funding

Posted: 13 Dec 2011 02:01 AM PST

Spain raised 4.98 billion euros, higher than a range of 3.25 to 4.25 billion. The yields for all maturities were lower than previous auctions.

This helps stabilize the euro, and keep it above critical support at 1.3145.

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British Inflation Ticks Down to 4.8%

Posted: 13 Dec 2011 01:40 AM PST

Headline CPI in the UK ticked down from 5% to 4.8%, exactly as expected. This is still far off from the official target of around 2%, but the BOE sees a big downfall coming in 2012.

Core CPI dropped from 3.4% to 3.2%, a bit lower than 3.3% that was predicted. On the other hand, the Retail Price Index (RPI), which is of importance, dropped from 5.4% to 5.2%, while a drop to 5.2% was expected.

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EUR/USD Dec. 13 – At Critical Support, Awaiting the Fed

Posted: 13 Dec 2011 01:33 AM PST

Euro dollar is holding on to critical support after the big fall yesterday. It’s a busy day today, with the Fed decision seeming the most important event. But, more bad news about Commerzbank or any additional repercussion from the EU Summit could tip the pair lower. Will we see another big breakdown now? Or will we see a recovery?

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

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GBP/USD: Trading the British Claimant Count Change

Posted: 13 Dec 2011 12:22 AM PST

The UK Claimant Count Change measures the change in the number of people claiming unemployment benefits. Along with the unemployment rate indicator, which is released at the same time, it provides a snapshot of the employment situation in the UK. Traders should pay close attention to this release, as it is a market-mover for GDP/USD.

Here are the details and 5 possible outcomes for GBP/USD.

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Forex Daily Outlook December 13 2011

Posted: 12 Dec 2011 02:00 PM PST

Retail Sales in the US and ZEW Economic Sentiment in Europe are the main events lined up.  Let’s see what awaits us today.

In the US, Retail Sales, key measurement for consumer spending, due to rise up by 0.1% to 0.6% this month, while the Core Retail Sales (not including cars) is predicted to decreased by 0.1% down to 0.5%.

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EUR/USD Breaks Down to 2 Month Low – 7 Reasons

Posted: 12 Dec 2011 09:45 AM PST

Euro/dollar finally made a move – the pair took a dive through support at 1.3380 and then through a second support line at 1.3212 and is now at a two month low.

The hangover from the EU Summit is only one reason in a series that took the pair down. Here is a quick update on 7 reasons for this fall:

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