Euro on its Marks…Ready to Go?
September 3rd, 2009 admin
The big day for Europe is here, as ECB will announce its decision regarding the monetary policy. The euro is trading within tight ranges since early morning against its major counterparts and although it is widely awaited that rates will remain unchanged, investors are anticipating Trichet’s press conference which may give markets a glimpse of the banks future plans. The latest European data suggest that recovery is a reality in Germany and France and other European countries are getting ready to exit their recessions. However, by any means that does not imply that the bank will start rising…
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SpotEuro Forex Daily Outlook August...US DATA CONTINUES TO DISAPPOINT. Another terrible day in terms of US economic data releases, showing a further slowdown in the US as durable goods orders grew only .3% vs. 2.9% expected; even worse, the core figure came in at a negative 3.8%! Our belief is that the majors will gain ground against the dollar in the short term, over the next few days. The markets were once again talking about the difference in spread between the German and Greek bonds. Yesterday we mentioned that we won't see dollar strength until we start to see more and more depressing news out of the Euro-zone, which we think will start to build between now and the 1st or 2nd week of September. We may be wrong, but all signs are pointing to a further move in favor of the dollar, its just a matter of time as well as a trigger. The main reason we're not seeing strength in the dollar right now is because the data has surprised to the downside MUCH more than traders had anticipated and a lot of people are now talking about the possibility of more quantitative easing.Don't forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the "Members Downloads" section. The room will be open 15 minutes prior to trading. If you'd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member's area.
SpotEuro Forex Daily Outlook July 2...Every report that I've read today has mentioned that price action over the past few trading sessions has been nothing short of typical summer day. With the euro still at the 1.30 figure, things aren't looking any clearer. We're still going to target 1.3120 if the current top of 1.3050 is broken, and if rejected, we will then look for a move down to 1.2750 in the short term. With the week nearly coming to an end, we remind ourselves of next Friday's very important Non-Farm Payrolls release. That may be the trigger that causes risk aversion, if the numbers released are worse than expected. For now, we remain on the sidelines, waiting for the next signal. If you'd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member's area.
SpotEuro Forex Daily Outlook July 2...Yesterday's mixed trading session didn't confirm the current market direction and left us wondering what's going to be the next big move. With most of the pairs trading at recent highs, there is some hesitation in some of the other pairs - EUR/USD, USD/CHF, USD/JPY and USD/CAD. Will the current levels turn out to be the point at which the market reverses or will we see another push? In today's analysis, we cover several scenarios that may occur over the next two weeks.Don't forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the "Members Downloads" section. The room will be open 15 minutes prior to trading. If you'd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member's area.
SpotEuro Forex Daily Outlook July 1...Happy Friday Traders! With a few more economic releases left before the weekend, we're looking forward to a good NY trading session. As the dollar continues to lose ground against the majors, we're looking for resistance, and we think we'll see it during the London session. We're looking for a counter trend as the global recovery is waning. Economic data releases over the past few weeks have been mixed, and some signs are pointing to a double dip. We're looking towards US CPI, TICS, and UoM Consumer Sentiment to guide us into the following week. We'll be trading those releases Live with our members, so please join us later today. Don't forget, we will be hosting a News! Trading session today, Friday, July 16, 8amEST. Premium members may access the direct link in the "Members Downloads" section. The room will be open 15 minutes prior to trading. If you'd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member's area.
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forexeritaly (Forex informazioni) : Acetrader-Daily Market Outlook 23-6-2010 http://ameblo.jp/mediationline/entry-10571195204.html #FX #forex.. Updated : 2010-09-04T04:30:20Z | Reply | View Tweet |
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kitanoau (Kitano Holdings P/L) : Forex, Forex - UFXBank - Daily Outlook - 19-Mar-2009 :10-01 - English - http://forextradingadvices.com/WgV.. Updated : 2010-09-04T04:29:32Z | Reply | View Tweet |
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megapip (Megapip) : Forex Daily Outlook ? September 2 2010: U.S. Unemployment Claims, U.S. Pending Home Sales and the Euro-zone GDP ar... http://bit.ly/cZew41.. Updated : 2010-09-04T04:27:55Z | Reply | View Tweet |
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