Jan 11, 2012

Forex Crunch EUR/USD: Trading the European Industrial Production

Forex Crunch EUR/USD: Trading the European Industrial Production

EUR/USD: Trading the European Industrial Production

Posted: 11 Jan 2012 12:37 AM PST

The European Industrial Production indicator measures production in the important manufacturing, energy supply and mining sectors. A reading that is higher than the market forecast is bullish for the Euro.

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

Read the rest of the article EUR/USD: Trading the European Industrial Production

EUR/USD Jan. 11 – Well Balanced. For Now.

Posted: 11 Jan 2012 12:33 AM PST

Euro dollar is trading in narrower ranges as Germany prepares for another bond auction. With a light calendar, it seems that the markets are waiting for tomorrow’s rate decision. The one thing that can break the current calm is Greece. The debt struck country is getting closer to an outright hard default.

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

Read the rest of the article EUR/USD Jan. 11 – Well Balanced. For Now.

Cable: Bearish Scenario For 2012 (Elliott Wave)

Posted: 11 Jan 2012 12:21 AM PST

A decline from 2008 peak into 2009 low was in five waves, which in Elliott Wave theory indicates a direction of a larger trend.

This is called an impulse wave, and once this leg is complete you will see a reversal in price, against the trend, normally into a slow, choppy and overlapping price action which is personality of a correction.

Read the rest of the article Cable: Bearish Scenario For 2012 (Elliott Wave)

Forex Daily Outlook January 11 2012

Posted: 10 Jan 2012 02:00 PM PST

FOMC Member Lockhart Speaks in the US and Trade Balance In the UK are the main events today.  Here is an outlook on the market-movers awaiting us

In the US, Dennis Lockhart, Federal Reserve Bank of Atlanta President is due to lecture in Atlanta.

Read the rest of the article Forex Daily Outlook January 11 2012

Conveying a Message of “Business as Usual”? ECB Preview

Posted: 10 Jan 2012 04:23 AM PST

The first rate decision of the ECB for 2012 will likely not consist of any new unconventional measures nor rate cuts. This comes as the chances of a Greek default are rising, together with distrust among banks.

Will Draghi surprise with a bigger move? Probably not, and this may be painful for the single currency. ECB Preview.

Read the rest of the article Conveying a Message of “Business as Usual”? ECB Preview
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