Jun 1, 2011

Forex Crunch ADP Non-Farm Payrolls Very Weak – Yen and Franc Jump

Forex Crunch ADP Non-Farm Payrolls Very Weak – Yen and Franc Jump

ADP Non-Farm Payrolls Very Weak – Yen and Franc Jump

Posted: 01 Jun 2011 05:20 AM PDT

The US private sector gained only 38K jobs in May, according to ADP. This falls short of early expectations for a gain 177K jobs. The “safe haven” currencies soar against the dollar: USD/JPY drops sharply and USD/CHF digs deeper into fresh all-time highs. Other currencies move more slowly. This is a huge disappointment. EUR/USD is

EUR/USD June 1 – Remaining Strong As Greek Deal Anticipated Soon

Posted: 01 Jun 2011 05:00 AM PDT

EUR/USD remains at a safe distance above high support as hopes that a Greek deal will be published as soon as tomorrow boost the common currency. Also US weakness aids the pair. We have important US data towards today. Here's a quick update on technicals, fundamentals and what's going on in the markets. EUR/USD Technicals

Forex Crunch Key Metrics May 2011

Posted: 01 Jun 2011 04:59 AM PDT

As a means of showing greater transparency, I hereby present key site metrics for Forex Crunch. All in all May was a positive month. The eruption of the Greek crisis throughout the month, contributed to traffic, as well the uncertainty regarding rate decision. The figures are from Google Analytics. I plan on doing this every

GBP/USD Loses Support As Economy Shows More Signs of Slowdown

Posted: 01 Jun 2011 01:31 AM PDT

British Manufacturing PMI printed 52.1 points, weaker than 54.2 that was expected. This reflects a further slowdown. GBP/USD drops sharply, losing support. GBP/USD now trades at 1.6417, down from almost 1.65 before the release. Support at 1.6430 was pierced through. The next support area is the region of 1.6280 to 1.63, which is still far.

Forex Daily Outlook – June 1 2011

Posted: 31 May 2011 03:00 PM PDT

ISM Manufacturing Index in the US and PMI  in Europe are the main events today.  Here is an outlook on the market-movers awaiting us In the US, ISM Manufacturing Index, the Institute for Supply Management is an important measurement indicator for manufacturing activity on the previous month. Is expected to be 58.8 points. Meanwhile the

AUD/USD June 01– Aussie Down Against US Dollar on US Economic Data

Posted: 31 May 2011 12:10 PM PDT

The Aussie traded lower Tuesday against the US Dollar following a US report on Chicago PMI.  The data showed a greater than expected fall. The Aussie was trading at 1.0658, down 0.31% at the time of this writing. Here's a quick update on technicals, fundamentals and community trends.  AUD/USD Technicals Previous sessions: The Aussie fell

AUD/USD and USD/CHF Technical Analysis

Posted: 31 May 2011 06:19 AM PDT

AUDUSD: Recovery Halts, Weakens AUDUSD: The pair now faces bear pressure as a further attempt at building on its recovery started from the 1.0439 has stalled at the 1.0754 level. The risk of this development if a return above the 1.0754 does not occur will mean possible lower prices towards the 1.0439 level with a

USD/CAD Dives To Support on Hawkish Outlook by the BOC

Posted: 31 May 2011 06:10 AM PDT

The Bank of Canada left the benchmark interest rate unchanged, but its tone in the accompanying statement became more hawkish, pushing USD/CAD down to support. The statement consists of some optimistic words: In Canada, the economic expansion is proceeding largely as expected … The possibility of greater momentum in household borrowing and spending in Canada represents
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