Major events to focus on in the Forex market today:
Tic Long Term Purchases – USD – 13:00 GMT
- Difference in value between foreign long-term securities purchased by US citizens and US long-term securities purchased by foreigners during the reported period
- Basically measure the attractiveness of US Dollar vs. other currencies.
- Important measure as it gauges international investment in US (and therefore in US currency).
Industrial Production – USD – 13:15 GMT
- Change in the total inflation-adjusted value of outp... ( read more )
Archive for October, 2009
October 15, 2009 - Daily Forex Tips – October 15th 2009
The 16 nation currency experienced one of its most bullish trading days in recent weeks on Wednesday. The EUR made significant gains against many of its most traded currency pairs, such as the USD and JPY.[caption id="attachment_1818" align="alignright" width="128" caption="Daily Forex Tips"][/caption]
Gold climbed to a record high of $1,070 on Wednesday, as a weakening Dollar boosted demand for the commodity as an alternative investment. As for today, Gold is set to be in the spotlight again with important publications data from U.S. and Euro... ( read more )
October 14, 2009 - Daily Forex Tips – October 14th 2009
Watch out for today's events:
8:30 GMT: GBP -Claimant Count Change
- This is the most important release of the week for the British pound. This is the earliest employment figure in Britain.
- The British Pound made attempts to rise in the past week, but finished lower. All in all, the Pound is trading in a range defined by two lines: 1.5720 supports from below and 1.6130 from above.
- The number of people claiming unemployment benefits has been on the rise since April 2008. In the last three months, the rise has stabilized at ab... ( read more )
October 13, 2009 - Daily Forex Tips – October 13th 2009
The Dollar experienced, in most cases, a bearish trading day on Monday as it fell against the EUR, the CAD and the CHF. With regards to the British Pound, the British currency tumbled vs. the USD, EUR and JPY.
Crude Oil and Gold, rising significantly on Monday, helped put additional downward pressure on the USD. This trend accelerated as the trading day continued to unfold.[caption id="attachment_1818" align="alignright" width="128" caption="Daily Forex Tips"][/caption]
08:30 GMT – GBP CPI
Measures the change in the price of goods a... ( read more )
October 12, 2009 - Will The EUR Strengthen More?
Following a week in which most of the major currencies remained at relatively steady rates, the Euro stood out in its appreciation against the Dollar, the Yen and the Pound. Will this continue to be the trend this week as well? In addition, during last week, Crude Oil continued to strengthen, and reached over $72 a barrel. Go ahead and make profits from this week's major trends as well. [caption id="attachment_2029" align="alignright" width="126" caption="Euro"][/caption]
The Dollar saw an extremely volatile session during last week's tradin... ( read more )