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Free Forex Trading Signal For September 9 2010
Written on 9 Sep, 2010 at 13:35 in Forex | viewed 25 times | 0 Comments
For three days now the Usd/Cad had been dipping in the 1.0340 area, but it lacked the strength to break any lower. However, we reckon that this will be different now due to the bullish momentum seen in the market after Wednesday’s interest rate increase. As such, we favor short Usd/Cad plays for the moment, [...]... (Continue reading)
Bank Of Canada Raises To 1% – An Overview
Written on 9 Sep, 2010 at 1:26 in Forex | viewed 25 times | 0 Comments
The Bank of Canada decided to increase the Overnight Rate by another 0.25%, up to 1%. This is the third consecutive interest rate hike that the BoC operates in a time span of a little more than 3 months. The Bank’s official statement has remained broadly unchanged from July’s rate hike: the global economy is [...]... (Continue reading)
The Word Of The Day: Safety
Written on 7 Sep, 2010 at 18:58 in Forex | viewed 46 times | 0 Comments
Tuesday’s Asian and European sessions held one very clear message: no one is risking a single dime, it is all about safety now. Investors rushed into the safety of the German Bunds even from the early hours of the European session, and continued to buy the (relative) shelter of the debt market during the U.S. [...]... (Continue reading)
Free Forex Trading Signal For September 7 2010
Written on 7 Sep, 2010 at 12:38 in Forex | viewed 46 times | 0 Comments
The market had a sudden change in sentiment over the last few trading sessions. The S&P 500 futures lost nearly 10 points in overnight trading, while the sell-off was even stronger in the currency market. As such, we tend to favor short Usd/Gbp positions, on the break of the 1.5350 support area. Full details for [...]... (Continue reading)
Prepare For The Upcoming Week: Four Interest Rates Meetings
Written on 6 Sep, 2010 at 1:11 in Forex | viewed 37 times | 0 Comments
The prior week of trading saw some pretty impressing moves, with the main financial indexes making 180-degree turns. The Nasdaq 100 index gained 4.4%, the Russel 2000 rose 4.2%, the S&P 500 added 3.7%, while the Dollar Index lost 0.9% and the 10-year Treasuries fell 1.0% (Futures quotes) Most of these moves came on the [...]... (Continue reading)
Credit Crisis Effects On Unemployment
Written on 5 Sep, 2010 at 14:53 in Forex | viewed 31 times | 0 Comments
I just thought to post this chart, to show a comparison between the effects of the current recession compared to the prior recessions. Chart via NY Time’s Economix... (Continue reading)
Employment Data Calls For An L-Shaped Recovery
Written on 1 Sep, 2010 at 16:48 in Forex | viewed 40 times | 0 Comments
The ADP numbers for the month of August hit the newswires at -10K, meaning that the U.S. economy lost jobs for the first time in 6 months. This release together with the latest macroeconomic data confirms that the U.S. economy is moving away from the recovery path. Going beyond the -10K number, private employment for [...]... (Continue reading)
No Quantitative Easing 2.0 For Now
Written on 31 Aug, 2010 at 22:34 in Forex | viewed 43 times | 0 Comments
Taken as a whole, the minutes show that the Fed is starting to acknowledge that the main macroeconomic indicators are in a visible downtrend. Taking into account the sell-off seen in August in both equities and currencies, this isn’t something new to investors. However, the FOMC minutes hold something very important, outlined in the following [...]... (Continue reading)
A New Opportunity To Buy The Usd On The FOMC Minutes?
Written on 31 Aug, 2010 at 17:37 in Forex | viewed 41 times | 0 Comments
On Tuesday and Wednesday, the macroeconomic calendar is packed with a long list of news releases, but in reality just a few of them really matter and have the strength to influence the market. By a large distance, Tuesday’s FOMC minutes will be the most important. If the Fed sees again evidence that growth in [...]... (Continue reading)
BoJ Aftermath: The Usd/Jpy Will Continue To Decline
Written on 30 Aug, 2010 at 16:56 in Forex | viewed 40 times | 0 Comments
[ForexChaser.com] The Bank of Japan held an unscheduled interest rate meeting during the early hours of the Asian session, but rumors about it surfaced even as of late Friday, taking out some of its surprise element. The unscheduled meeting comes in a very difficult moment for the Bank of Japan: the Usd/Jpy is trading at [...]... (Continue reading)
