Jan 4, 2012

Forex Crunch EUR/USD Jan. 4 – Returns to Normal and Falls Sharply

Forex Crunch EUR/USD Jan. 4 – Returns to Normal and Falls Sharply

EUR/USD Jan. 4 – Returns to Normal and Falls Sharply

Posted: 04 Jan 2012 05:34 AM PST

Euro dollar made a big move downwards, losing the New Year optimism and refocusing on new worries from Spain and Italy. Recession seems more and more real. The pair reached the pivotal line. Will it stop here? The move higher seems indeed like short covering. The first sign for the US Non-Farm Payrolls was very positive.

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

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AUD/USD: Trading the Australian Trade Balance

Posted: 04 Jan 2012 12:40 AM PST

Australian Trade Balance measures the change in the value of goods and services which are exported and imported every month. This indicator is particularly important for currency traders, as foreigners need to purchase Australian dollars in order to purchase Australian exports. A reading that is higher than the market forecast is bullish for the aussie.

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

Read the rest of the article AUD/USD: Trading the Australian Trade Balance

A weak commitment from the Fed

Posted: 04 Jan 2012 12:35 AM PST

There was no great surprise last night with the Fed's decision to start publishing forecasts for the policy rate.  This will be included in the regular summary of economic projections from the board members, the next one due at the end of this month. 

The Fed has already made a commitment to keeping rates steady until the middle of next year.  The expectation is that the forecasts could enhance this even further, by signalling steady rates until at least the early part of 2014.

Read the rest of the article A weak commitment from the Fed

Forex Daily Outlook January 4 2012

Posted: 03 Jan 2012 02:00 PM PST

Factory Orders in the US and Construction PMI in the UK are the main events today.  Here is an outlook on the market-movers awaiting us

In the US, Factory Orders, production leading indicator to value the new manufacturers' orders over the past month, rise is expected from -0.4% up to 1.9%

Read the rest of the article Forex Daily Outlook January 4 2012

ISM Manufacturing PMI Provides Hope for NFP

Posted: 03 Jan 2012 07:00 AM PST

The US ISM Manufacturing PMI scored 53.9 points. The employment component rose from 51.8 to 55.1 points. This indicates faster growth and is a positive sign for the Non-Farm Payrolls.

Early expectations stood on a rise to 53.3 points from 52.7 points initially reported for November. The New Orders component ticked up to 57.6 points, production rose to 59.9 and inventories are now contracting at a faster pace: the score is 47.1.

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Canadian Housing Bubble to Burst in 2012?

Posted: 03 Jan 2012 04:56 AM PST

Canada has weathered the financial crisis quite well, especially in comparison with its southern neighbor. Perhaps it has been even too successful when it comes to house prices.

After Australia’s prices began sliding, is Canada the next market to drop? Some fear that prices are bloated beyond the peak seen in the US.

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Making Plans for the Year

Posted: 03 Jan 2012 04:22 AM PST

Did you make any forex related New Year’s Resolutions? If so, was it simply “make money in forex” or something a bit more detailed than that?

2012 already began but it’s definitely not too late to make some plans for the new year.

Read the rest of the article Making Plans for the Year

British Manufacturing Recovers Nicely – Still in Contraction

Posted: 03 Jan 2012 01:35 AM PST

The British manufacturing sector has improved nicely. The purchasing managers’ index jumped to 49.6 points, much better than a drop to 47.4 that was expected.

This is still in contraction zone: under 50 points, for the third month in a row.

Read the rest of the article British Manufacturing Recovers Nicely – Still in Contraction

EUR/USD Jan. 3 – Limited Gains on Limited Hope

Posted: 03 Jan 2012 12:39 AM PST

Euro dollar prefers to remain optimistic in the new year, as the market returns to full gear. Part of the optimism comes from European leaders Merkel and Sarkozy. Is this optimism justified or is it just short covering? Today we have an initial hint towards this week’s big event: the Non-Farm Payrolls.

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

Read the rest of the article EUR/USD Jan. 3 – Limited Gains on Limited Hope

GBP/USD: Trading the British Construction PMI

Posted: 03 Jan 2012 12:05 AM PST

The British Construction PMI Index, published in the first week of each month,  is  based on a survey of purchasing managers in the construction industry. Respondents are surveyed for their view of business conditions and sentiment on the economy.

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

Read the rest of the article GBP/USD: Trading the British Construction PMI

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