In the weekly forex outlook on Forex TV , I spoke with Julie Sinha about the continuing dollar strength, the position of the kiwi dollar and the calendar, following the dollar’s storm last week, which came to a peak after the nonfarm payrolls . Enjoy the video! Want to see what other traders are doing in real accounts? Check out Currensee . It’s free.  Read More →

The week is warming up with a busier calendar today. Let’s see what’s awaiting us. Britain starts the day early with two interesting indicators: the BRC Retail Sales Monitor will supply an early indication to retail sales, while the RICS House Price Balance is expected to be weaker than last month, showing a drop in the places where the prices of homes are rising. Later in Britain, Trade Balance is predicted to show a smaller …  Read More →

Price action on GBP/USD, a daily chart of which is shown, has finally begun to show a bearish emergence from the sideways consolidation that has characterized this currency pair on a long-term basis for several months now. A clean breakdown below the 1.5700 support region last Friday represented a tentative breakdown below the consolidation, in line with a medium-term downtrend that has been in place since mid-November 2009. In the process of... 

Just last week I’ve introduced the Tweet My Trades feature, and there’s already a new and interesting announcement: 3 widgets from Thomson Reuters are now available to Currensee members. The 3 new widgets can be purchased by Currensee members , and they offer information. Trading Desk contains trading ideas with stop loss and take profit points among other figures. Squawk Box shows fundamental and technical articles with Reuters’... 

I have been researching social security (and Medicare). Below are some of the articles I intend to blog about in greater detail tomorrow. (I will also explain why I am looking into Social Security (and Medicare) tomorrow) The Washington Post reports that Social Security could be next to need a bailout . (emphasis mine) [my comment] Social Security could be next to need a bailout By Allan Sloan Tuesday, February 2, 2010; A13 Don’t look now.... 

Yesterday proved to be a bit of a milestone for your author. For the first time since his knee injury a year ago, Macro Man held a golf club in his hand, as he made it down to the driving range to hit a hundred balls. The good news: there was no noticeable change in his swing due to the layoff. The bad news: there was no noticeable change in his swing due to the layoff, as he sprayed an astonishing assortment of slices, scuffs, and duck hooks... 

The weeks starts with a light calendar, as the echoes of Friday’s Non-Farm Payrolls are still heard. Let’s see what’s up for today. In Switzerland, the Unemployment Rate is predicted to edge up from 4.2% to 4.3%. This is a late and usually unsurprising event. The more important event is Retail Sales. After rising by an annual rate of 0.6% last month, this rise is expected to double to 1.3%. In Europe, the Sentix Investor Confidence... 

In December, I posted about Ben Bernanke ( Bernanke’s Background and Near-Term US Monetary Policy ), specifically about how a basic understanding of Bernanke’s academic background and philosophical approach to monetary policy could be useful for predicting the general direction of interest rates, irrespective of prevailing economic conditions. This post, is somewhere between a follow-up and a step back. By this, I mean that when I last... 

The Euro broke down once again, and lost key support this time. The upcoming week is full with events, culminating with the initial releases of GDP on Friday. Here’s an outlook for this week’s events, and an updated technical analysis for EUR/USD, with a look downwards. EUR/USD chart with support and resistance lines marked on it. Click to enlarge: Apart from the …  Read More →

Like other currencies, the Aussie surrendered to the dollar before and after the NFP . The upcoming week brings important employment figures among other events. Here’s an outlook for the events in Australia and an updated AUD/USD technical analysis. AUD/USD chart with support and resistance lines marked on it. Click to enlarge: The Aussie suffered from a disappointing rate decision. Glenn Stevens left the rates unchanged at 3.75%, weakening... 

The Pound sure was a victim of the dollar’s storm, especially after the Non-Farm Payrolls . It’s at a nine-month low. The upcoming week consists of an important report by the BOE among other events. Here’s an outlook for British events and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines marked on it. Click to enlarge: Mervyn King “missed” an opportunity to hurt the Pound... 

The Canadian dollar retreated against the greenback on a wild week  but was less damaged than other currencies. The upcoming week provides a double-feature trade balance release among other events. Here’s an updated outlook for Canadian events and an updated technical analysis for USD/CAD. USD.CAD chart with support and resistance lines marked on it. Click to enlarge: Canadian employment figures were excellent , with a nice drop in the... 

After one of the wildest weeks that we’ve seen in quite a while, the upcoming week seems more quiet, at least at the beginning. The echoes of the Non-Farm Payrolls will be heard during this time. Later on, some major market moving events are due. Here’s the outlook for the second week of February. Finance ministers of the G7 nations are meeting in the remote Canadian town of Iqaluit …  Read More →

Price action on EUR/USD, a daily chart of which is shown, has displayed continued marked bearishness recently, strongly confirming a new downtrend in the pair. This new downtrend was initiated after the previous long-term uptrend was broken decisively to the downside in early December. After that breakdown, the bearish trend has been characterized by several short-term bullish retracements and consolidations in the form of inverted flag patterns,... 

I was on the Business News Network talking about this morning’s U.S. and Canadian employment reports. Click on the image to access the video:  Read More →