Sep 11, 2011

Forex Crunch GBP/USD Outlook – September 12-16

Forex Crunch GBP/USD Outlook – September 12-16

GBP/USD Outlook – September 12-16

Posted: 11 Sep 2011 03:47 AM PDT

The pound dropped under the global weight and British weakness. The upcoming week is also busy, with key inflation and employment figures. Here is an outlook for these events and an updated technical analysis for GBP/USD.

The weakness spans from the services sector to house prices. While members at the Bank of England might be discussing more quantitative easing, this didn’t happen in the last rate decision, and this temporarily held the pound.

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NZD/USD Outlook – September 12-16

Posted: 11 Sep 2011 12:49 AM PDT

The New Zealand dollar lost the momentum and surrendered to the global slowdown. Will it recover now? The rate decision and especially the press conference that follows it are the major events this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD

Big worries from Europe and weakness all over the world weighed on the kiwi. It did outperform some other currencies against the greenback, and still enjoys significant demand for agricultural goods, but this wasn’t enough to stay firm against the soaring US dollar.

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AUD/USD Outlook – September 12-16

Posted: 10 Sep 2011 03:00 PM PDT

The Aussie finished a very busy week lower. Will it break lower and follow other currencies? Or remain in range? The upcoming week also provides quite a few events. Here is an outlook for these events, and an updated technical analysis for AUD/USD.

The Aussie enjoyed an excellent GDP report: the economy in Australia grew by 1.2% in Q2, on top of a smaller drop in Q1, which was revised to the upside. On the other hand, employment data was very disappointing in August: a drop in jobs and a rise in the unemployment rate weighed on the Australian dollar.

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USD/CAD Outlook – September 12-16

Posted: 10 Sep 2011 12:00 PM PDT

The Canadian dollar couldn’t resist the global worries and ended with the weakest close against the dollar since the beginning of the year. Production data and Foreign Securities Purchases are the highlight of this week. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD.

The Canadian job market surprisingly lost 5500 jobs in August contrary to expectations for 24.2K gain. The US slowdown affects Canada who is strongly dependent on US market demand. Will this slowdown continue?

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EUR/USD Outlook – September 12-16

Posted: 10 Sep 2011 09:00 AM PDT

The euro finally broke out of range, and took a big dive of 550 pips for the week. Will this continue or will we see some consolidation? It depends a lot on Greece, as well as on Trichet, which will have more opportunities to rock the euro.

Here is an outlook for the upcoming events, and an updated technical analysis for EUR/USD, now on lower ground and below long term support.

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Forex Weekly Outlook –September 12-16

Posted: 10 Sep 2011 06:00 AM PDT

A dramatic week with a dramatic ending sent the dollar to levels unseen for many months. Will this continue? US retail sales; PPI, inflation rate Unemployment rate and consumer sentiment are the main market-movers this week. Here are the main events awaiting us ahead.

Last week Jean-Claude Trichet has announced at the last ECB press conference that the rate will remain 1.50% with no intention on executing rate cuts, but with much lower growth and inflation forecasts. He criticized governments for "benign neglect" of commitments and urged them to act on deficits. His speech started the avalanche in EUR/USD .

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