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USD/CAD Outlook February 13-17

posted by forexcrunch 6 hours ago in USD, CAD, Weekly

The Canadian dollar retreated after 4 weeks of gains, but USD/CAD managed to stay below parity. Inflation data is the highlight of this week. Here’s an outlook for the Canadian events and an updated technical analysis for the Canadian dollar.

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Forex Weekly Outlook February 13-17

posted by forexcrunch 13 hours ago in USD, Fundamental, Weekly

After some temporary attention to the US, the focus certainly returned to Athens in a very busy week, that left the greenback almost unchanged. Apart from Greek news, we have GDP in the euro-zone and Japan, employment figures in the UK and Austra

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EUR/USD Loses Support as Greek Leader Opposes Bailout Deal

posted by forexcrunch 1 day 11 hours ago in USD, EUR made popular 1 day 11 hours ago

Greek leader Karatzaferis came out with a harsh statement: “we don’t need the German boot” and said he would vote against the bailout program proposed by the troika.

EUR/USD lost distinct support and other currencies are slammed against the sa

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EUR/USD Pressured by Sisyphean Greek Negotiations

posted by forexcrunch 1 day 12 hours ago in USD, EUR

Euro dollar is sliding a bit lower after another late night Greek drama. The level of distrust in Brussels is high: Greece is expected to pass tough austerity and commit to the terms also after the elections before getting any aid. At least the E

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EUR/USD:Trading the University of Michigan Consumer Sentimen

posted by forexcrunch 2 days ago in USD, EUR made popular 2 days ago

The University of Michigan Consumer Sentiment Index surveys consumer attitudes and expectations about the US economy. An increase in consumer confidence is a positive sign about the health of the economy and can help strengthen the US dollar. As

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EUR/USD On Higher Ground After Greek Progress, Before Draghi

posted by forexcrunch 2 days ago in USD, EUR made popular 2 days ago

Euro dollar broke another minor resistance line and reached new 2012 highs as Greek leaders managed to agree almost on everything, in the hide of the night. The focus now moves to the ECB. Mario Draghi is expected to leave rates unchanged and wil

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5 Reasons Not To Cut Rates – ECB Preview

posted by forexcrunch 3 days ago in USD, EUR made popular 3 days ago

Those expecting a third rate cut from Draghi might be disappointed. The ECB will likely repeat the “business as usual” stance that worked so well last month.

There are 5 reasons for the ECB to wait and see for another month.

After rate cuts

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EUR/USD Bouncing from High Resistance on Slow Greek Progress

posted by forexcrunch 3 days ago in USD, EUR made popular 3 days ago

Euro dollar bounced off high resistance after the break higher yesterday. Political leaders in Greece made significant steps forward, and also the ECB may be willing to indirectly accept losses on Greek bonds, lowering the debt load on the Hellen

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GBP/USD: Trading the British Manufacturing Production

posted by forexcrunch 3 days ago in USD, GBP

The British Manufacturing Production indicator provides analysts and traders with a snapshot of the health of the UK manufacturing sector. A reading which is higher than the market prediction is bullish for the pound.

Here are all the details,

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NZD/USD: Trading the New Zealand Employment Change

posted by forexcrunch 4 days ago in NZD

The New Zealand Employment Change indicator is an important leading indicator which often has a significant impact on the markets. Traders and analysts carefully examine employment figures, looking for any trends which could affect NZD/USD. A re

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EUR/USD Breaks Resistance On Greek Hope, Bernanke’s Gloom

posted by forexcrunch 4 days ago in USD, EUR made popular 4 days ago

Serious progress has been made among Greek politicians in accepting the troika’s demands. In the US, Ben Bernanke refused to cheer the drop in the unemployment rate and found negative aspects to cling to.

Both events sent EUR/USD above the 1.3

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Walk Before You Run

posted by forexcrunch 4 days ago in Trading Psychology made popular 4 days ago

If you are new to forex trading, taking things slowly and gradually will help you not only survive, but will also increase your chances of long term success.

Taking this slowly applies to the time and money spent in trading and also your educa

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