Jan 8, 2012

Forex Crunch EUR/USD Outlook January 9-13 2012

Forex Crunch EUR/USD Outlook January 9-13 2012

EUR/USD Outlook January 9-13 2012

Posted: 08 Jan 2012 12:10 AM PST

Euro/dollar dropped sharply as fears around banks and sovereigns intensified in the euro year. Where will it stop? The highlight of this week is the rate decision by the ECB. Here is an outlook for the upcoming events, and an updated technical analysis for EUR/USD.

Troubles in Unicredit, rumors about issues at Deutsche Bank and the anticipation for a downgrade of France all weigh on the euro, in addition to weak economic figures from all over the continent. Is Draghi ready for QE? On the other side of the Atlantic, the US continues seeing growth in jobs and a drop in unemployment. The IMF has doubts about Greece’s ability to avoid default, and a German politician talks about a need for a bigger haircut. This doesn’t bode well for the euro.

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USD/JPY Outlook January 9-13

Posted: 08 Jan 2012 12:00 AM PST

Dollar/yen managed to recover only marginally in the first week of  2012. Leading indicators and Prelim Machine Tool Orders are the main events this week. Here's an outlook for the Japanese events and an updated technical analysis for USD/JPY.

On one hand, the positive US data pushed the pair higher, but these rises were limited by the ongoing flow of bad news from Europe, which triggered safe haven flows.

Read the rest of the article USD/JPY Outlook January 9-13

NZD/USD Outlook January 9-13

Posted: 08 Jan 2012 12:00 AM PST

The New Zealand dollar had success in weathering the strength of the US dollar in a busy week. Trade balance and building consents are the major events lined up. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD

The improvement seen in the US job market began helping the US dollar against risk currencies, contrary to behavior seen beforehand. Yet this change might be temporary.

Read the rest of the article NZD/USD Outlook January 9-13

USD/CAD Outlook January 9-13

Posted: 07 Jan 2012 12:29 PM PST

The Canadian dollar had a rough week, and surrendered to the greenback’s superiority. BOC Business Outlook Survey and Building Permits are the main events this week. Here’s an outlook for the Canadian events and an updated technical analysis for the Canadian dollar.

Last week, Ivey PMI figures increased unexpectedly to 63.5 from 59.9 in the previous month suggesting expansion in the industrial sector. However employment data disappointed with higher unemployment rate of 7.5% from 7.4% in the prior month and a bit lower than expected job increase of 17,500 while 17,800 was predicted. Let’s see what this week has in store for us.

Read the rest of the article USD/CAD Outlook January 9-13

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