Forex technikal and fundamental analysis: Forex Crunch AUD/USD Outlook

Sep 5, 2011

Forex Crunch AUD/USD Outlook – September 5-9

AUD/USD Outlook – September 5-9
GBP/USD Outlook – September 5-9
UK Services PMI Weakens – Pound Holds On
Leverate Introduces Economic Calendar and Live News Feed
Fed must re-evaluate their policy options
Where To Invest During The Stock Market Collapse?
Forex Daily Outlook – September 5 2011

Posted: 05 Sep 2011 03:38 AM PDT

The Aussie gained steadily through most of the week, marking its longest winning streak since April before falling off slightly Friday. Post Bernanke’s speech, the AUD has benefited from a modest improvement in risk sentiment taking hold in the markets. The upcoming week is very busy, and consists of no less than 9 events. Here is an outlook for these events and an updated technical analysis for AUD/USD.

The Aussie was buoyed by Thursday’s release of higher than expected Australian retail sales. Positive manufacturing data out of China also helped to drive the AUD, easing concerns of a stalling economic recovery in China. With the RBA expected to leave interest rates unchanged at the next meeting, the AUD has been increasing against the USD.

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GBP/USD Outlook – September 5-9

Posted: 05 Sep 2011 02:54 AM PDT

Continuing last week's reversal the British pound fell further against the dollar this week. This week is very busy, with the rate decision in the limelight. Here is an outlook for this week's events, and an updated technical analysis for GBP/USD.

Sterling lost ground as the UK reported a lower August manfacturing PMI and a decrease in housing prices, signalling a stalling economic recovery.

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UK Services PMI Weakens – Pound Holds On

Posted: 05 Sep 2011 02:04 AM PDT

Britain’s services sector has significantly slowed down in August. The purchasing managers’ index dropped to 51.1 points, not too far from the contraction zone. GBP/USD manages to hold on to support for now.

Early expectations stood on a slide from 55.4 to 54.3 points, similar to figures seen in previous months. This disappointment is the lowest score since December (which saw a one time drop to contraction) and the biggest drop in years.

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Leverate Introduces Economic Calendar and Live News Feed

Posted: 05 Sep 2011 01:49 AM PDT

Leverate, a software provider for forex brokers, launches a real time news feed and calendar in its products.

The feed is available in 13 languages and can be integrated to all type of trading platforms. The calendar is updated in real time, without a need to refresh the page, and is available in 17 languages at the moment.

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Fed must re-evaluate their policy options

Posted: 05 Sep 2011 12:37 AM PDT

The continuing malaise in the US jobs market lifted hopes that the Fed may need to re-consult their policy tool-kit, with renewed speculation that QE3 would be back on the table. The difficulty for the Fed Chairman in terms of implementing further QE is numerous. The success of previous rounds of QE has been mixed – they certainly lifted both commodity and asset prices, and thereby possibly thwarted a dangerous lurch into deflation, but failed to materially impact on growth, weighed heavily on the dollar, and alarmed foreign creditors.

An additional challenge for the Fed Chairman is that some of his fellow policy officials are becoming increasingly uncomfortable with the extraordinary risks that the central bank are running, in terms of both credibility and long term inflation. Quite rightly, many Fed officials maintain that Washington should be doing more to reduce America's fiscal obesity through a root-and-branch review of entitlements and a program of structural reforms designed to raise productivity and growth potential.

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Where To Invest During The Stock Market Collapse?

Posted: 04 Sep 2011 04:22 PM PDT

The US stock market moved significantly lower in August, with S&P500 down to 1100 region once the critical region at 1249 (March 2011 lows) was taken out.

Below we have a weekly chart, where you will notice that prices also broke through the lowest support line of a corrective channel which is a very strong indication of a completed wave B)/II) around 1370. In such case we know that market is headed much lower, and the reason is a recovery since March 2008 which was clearly in three waves.

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