Jan 10, 2012

Forex Crunch EUR/USD Jan. 9 – Continues Consolidating – Before Another Fall?

Forex Crunch EUR/USD Jan. 9 – Continues Consolidating – Before Another Fall?


EUR/USD Jan. 9 – Continues Consolidating – Before Another Fall?

Posted: 10 Jan 2012 12:03 AM PST

Euro dollar continues to hold on to higher ground as the consolidation continues. Strong industrial output from France helped a bit. There are many doubts if it can move higher from here. The Merkozy summit didn’t provide exciting solutions. Uncertainty remains high regarding Greece, and Italy continues having sky high yields.  Is another fall coming?

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

Read the rest of the article EUR/USD Jan. 9 – Continues Consolidating – Before Another Fall?

GBP/USD Trading the British Trade Balance

Posted: 09 Jan 2012 11:44 PM PST

The British Trade Balance indicator, published monthly, focuses on the difference in value between exported and imported goods. A reading which is higher than the market forecast is bullish for the pound.

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

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Forex Daily Outlook January 10 2012

Posted: 09 Jan 2012 02:00 PM PST

FOMC Member Williams Speaks in the Us and Building Approvals in Australia are the main events lined up. Let’s see what awaits us today.

In the US, John Williams, Federal Reserve Bank of San Francisco President, is about to speak in Vancouver.

Read the rest of the article Forex Daily Outlook January 10 2012

Hildebrand Resignation May Weaken EUR/USD

Posted: 09 Jan 2012 06:12 AM PST

The head of the Swiss National Bank resigned from his post. The resignation, effective immediately, leaves the SNB without a leader at a time when it is already having trouble defending the floor under EUR/CHF.

This may pave the way for EUR/CHF to fall, with EUR/USD following suit, especially after it already retraced some of its losses. Any new wave of drops may come.

Read the rest of the article Hildebrand Resignation May Weaken EUR/USD

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