The calendar is crowded today with major releases: Australian jobs, a rate decision in Switzerland and important figures in the US are the highlights today. Let’s see what’s up. As seen in the Non-Farm Payrolls and also beforehand, the commodity currencies continue to show strength while the Euro and the Pound are weak. This will probably continue, although the Euro seems to be stabilizing . After making a move upwards , Australia provides... 

EUR/USD is trading in a range for over a month. While the long term trend is bearish, some bullish hints can be found within this range. Since February 4th, EUR/USD plunged into a range between 1.3423 to 1.3850. At the beginning the trend in the hourly charts was negative. On February 19th, the bottom line of 1.3423 was approached for the first time. And later, the peak was lower than previous peaks – 1.3690 on February…  Read More →

After two light days, today’s calendar is quite busy: a rate decision in New Zealand and the Federal Budget Balance are the highlights. Let’s see what’s awaiting us toady. We’ve already see one hesitant break of the Australian dollar and we’ve seen the USD/CAD edge down, still not breaking 1.02. In these currencies, the action will probably be seen after they post employment data. OK, let’s start the review:... 

The dollar gained back some of the losses amid a light calendar. Also today, there aren’t any huge events, but there are some indicators that will move currencies. Let’s see what’s up for today. British BRC Retail Sales Monitor began the day with a rise of 2.2%. This can hint about the official retail sales figure. The RICS House Price Balance was quite disappointing with a drop to 17%, half the expectations. More regions are... 

The market took its time to digest last week’s good Australian news, but now it finally made the break above the stubborn resistance line. Update on this strong currency. AUD/USD finally broke above the stubborn resistance line of 0.9090 for the first time after 6 weeks. The pair currently trades at 0.9130, settling above the line. After dropping below 0.9090 on January 21st, there were immediate attempts to break above this line, but... 

Off-topic post. My associates and I are proud to present TheWadi – a blog and company index for Israeli technology companies and start-ups. We have one major goal: providing maximal and constant exposure to Israeli technology worldwide. After a few months of research, design, programming and last minute touches, we’ve launching it today. TheWadi’s content consists of: Launches of web start ups. New features and products by web companies.... 

The week starts without major releases. German industrial production and Swiss retail sales will stand out. Here’s the daily outlook. Note that the weak, yet expected Non-Farm Payrolls will still echo in the markets. The dollar enjoyed some strength against the majors last week but lost ground to the commodity currencies. OK, let’s see the events: Japan starts the day with a few …  Read More →

EUR/USD is getting used to a range also after the NFP . The upcoming week contains many events that will move the Euro. Here’s the outlook for these events and an updated technical analysis for EUR/USD. EUR/USD graph with support and resistance lines on it. Click to enlarge: A lot of progress has been made in resolving the Greek crisis , but it will probably be in the headlines this week as well and might continue to overshadow the regular... 

Mervyn King sure got a weaker Pound this week – it collapsed across the board. The upcoming week consists of 8 events that will move the Pound. Here’s an outlook for these events and updated technical analysis for GBP/USD in its lower ground. GBP/USD graph with support and resistance lines on it. Click to enlarge: The rate decision that we saw this week wasn’t different than previous ones , but the chance of renewing the Quantitative... 

With interest rate rising to 4% , the Aussie continued north. Australia’s employment figures will be watched this week, among other releases. Here’s an outlook for the Australian events and an updated technical analysis for AUD/USD. AUD/USD graph with support and resistance lines on it. Click to enlarge: The Aussie hardly felt the American Non-Farm Payrolls . This shows its strength, also seen in the strong Q4 growth. Let’s... 

The Canadian dollar broke lower. It’s now awaiting the all-important employment figures . Here’s an outlook for the upcoming events in Canada and an updated technical analysis for USD/CAD. USD/CAD graph with support and resistance lines on it. Click to enlarge: One of the things that helped the loonie was the GDP release – it showed that the Canadian economy is growing at a faster rate than …  Read More →

After the NFP, the upcoming week is somewhat less busy. Nevertheless, rate decision in Switzerland and New Zealand, job figures from Australia and Canada and two major American releases on Friday among other events, will provide lots of action. Here’s the weekly outlook. On Monday and Tuesday, there are many events on the calendar, but not too many important ones. The effect of the Non-Farm Payrolls will still strongly felt at the beginning... 

As mentioned in my NFP previews , the low expectations were in favor of the dollar, but not all against all currencies – Euro, Pound, Swissy and Yen weaken, while the Aussie and loonie beat the dollar. This NFP is different: Non-Farm Payrolls came out a little bit better than expected: they showed a loss of 36,000 jobs, better than about 50,000 that…  Read More →

Earlier in the week, I’ve written a Nonfarm Payrolls preview in which I explained how the low expectations from the outcome serve the US dollar. The low expectations now became lower. Here are some updates about expectations, ways to follow the event and possible ways to trade it. During the week, the expectations for a loss of 40K jobs was revised to a loss of 50K to 56K according to various news agencies. Unemployment Rate is still expected... 

In the last day of the week, the scene is clear for the king of forex – Non-Farm Payrolls. Let’s see what it’s expected to bring us, and what other events are out there. Trading during this day, and especially around the release is different than normal days. The markets trade in high volatility. I recommend reading my 5 notes for Non-Farm Payrolls trading . Britain’s producer prices jumped last month, and are expected to...