EUR/USD got out of the perfect range and dipped lower, retreating quickly. Today is a rather light day in terms of events. Will it lose the critical support line? Here is a quick update on technicals, fundamentals and community trends. EUR/USD supported twice (red line) at 1.2660, twice resisted at 1.2770 and dipped lower. Click to enlarge. EUR/USD Technicals Asian session:  A dip lower to 1.2640 and a retreat back to the range. Current Range... 

After a great week, another busy one expects Aussie traders. The RBA’s rate decision and employment figures are the highlights. Here’s an outlook for Australian events and an updated technical analysis for AUD/USD. AUD/USD daily graph with support and resistance lines on it. Click to enlarge: The Aussie enjoyed lots of good figures, with the Q2 GDP growth of 1.2% being a great positive surprise. The better-than-expected retail sales... 

The upcoming week consists of industrial production publications among other figures. Here’s an outlook for European indicators and an updated technical analysis for EUR/USD. EUR/USD daily graph with support and resistance lines on it. Click to enlarge: EUR/USD managed to cling to the uptrend channel, even through Friday’s release of US Non-Farm Payrolls , which came out better than expected. This week is rather mild regarding US... 

U.S. Non-Farm Employment Change, US Unemployment Change, Canada Employment Situation and Unemployment Rate and many other important events await us today. Here is an outlook on the final day of another trading week. In the US, Non-Farm Payrolls and Employment Situation Report, one of the most important indicators of economic health, measuring the number of new jobs created or lost in the world’s largest economy is expecting another month of job... 

American Federal Reserve nomination vote, US producer price index, US Unemployment Claims and Industrial Production are among the major market moving events. Here is an outlook on today’s busy event schedule. In the US, American Federal Reserve nomination vote will focus on the appointment of 3 FOMC members. The US Senate will vote on Sarah Bloom Raskin, Peter Diamond and Janet Yellen, in a vote that will shape future decisions for quite... 

American Federal Reserve nomination vote, US producer price index, US Unemployment Claims and Industrial Production are among the major market moving events. Here is an outlook on today’s busy event schedule. In the US, American Federal Reserve nomination vote will focus on the appointment of 3 FOMC members. The US Senate will vote on Sarah Bloom Raskin, Peter Diamond and Janet Yellen, in a vote that will …  Read More →

US Building Permits and PPI are released, Federal Reserve Chairman Ben Bernanke speaks in New York and Capacity Utilization Rate is expected to grow. Let’s see what’s awaiting us today. In the US, Building Permits expected to rise this month by 20,000 units following the unpredicted drop to 0.61M in the previous month while Housing Starts anticipated to drop by 20,000 reaching 0.65M. Later in the US, Producer Price Index predicted to decrease... 

We start the week with James Bullard speech, New Motor Vehicle Sales, suprizing change in New Zealand Retail Sales and more; let’s see what awaits us this today. In the US, Federal Reserve Bank of St Louis President James Bullard, delivers a speech titled “The Global Recovery and Monetary Policy” at the Institute of Regulation and Risk, in Tokyo. And drops subtle clues regarding future monetary policy; In Canada, New Motor Vehicle... 

US Core Retail Sales, Retail Sales and Preliminary UoM Consumer Sentiment are the main events today. Let’s see what’s on the menu at present: In the US, Core Retail Sales and Retail Sales are expected to show a decline in the US economy; Core Retail Sales, from 4.0% to 1.0% and Retail Sales, from 0.4% to 0.2%. Later in the US, Preliminary UoM Consumer Sentiment is climbing up again to 74.7 points which is 1.1 points higher than the... 

The troubled Euro, hit by Hungary and risk aversive trading following the Non-Farm Payrolls , is facing a busy week, with the rate decision being the climax. Here’s an outlook for the European events, and an updated technical analysis for EUR/USD. EUR/USD chart with support and resistance lines on it. Click to enlarge: No matter how the debt issues are handled, it now seems clear that the Euro-zone, either united or split, is facing a... 

Consumer confidence is rising and so is Industrial Production and Capacity Utilization Rate showing a good climate in the US market. In Canada, BOC Deputy Governor John Murray speaks in Ottawa and Manufacturing Sales are up showing an overall positive air to the leading economies. Let’s see what’s on the menu today. In the US, consumer confidence is rising according to the Prelim UoM Consumer Sentiment report. It is expected to show... 

US expects another negative trade balance while decreased federal budget deficit raises optimism in the market; Federal Reserve Bank of St Louis President James Bullard speaks, in Nashville and good news for Canada’s economy with a positive Trade Balance and Housing Price Index. A busy day full of events awaits us today. In the US, Trade Balance is expected to increase trade deficit by $200,000,000 from 39.7B in the…  Read More →

U.S. IBD/TIPP Economic Optimism is expected to rise and the Wholesale Inventories indicate a rising demand in the market while Britain’s Manufacturing Production and Industrial Production predicted to drop reflecting market deceleration. Here is today’s review.  In the US, IBD/TIPP Economic Optimism is expected to rise in 0.5 points bringing more optimism to the market after Non -Farm Employment Change showed a rise of 35000 in the... 

The rumor that  Spain will ask for 280 billion euros of aid began the avalanche that sent the Euro and the other currencies tumbling down. The upcoming week is quite busy, with GDP figures standing out. Here’s an update for the European events and an updated technical analysis for EUR/USD now at lower ground. EUR/USD graph with support and resistance lines on it. Click to enlarge: The Greek tragedy was only the tip of the iceberg  - ... 

China’s GDP was very strong. The currency that benefits the most is the Aussie , which settled above an important line. Update on this strong currency. Growth in China was very strong – an annual rate of 11.9% in the first quarter of 2010. This is better than Q4’s growth of 10.7%, and also better than early expectations. This figure isn’t alone: Update: 10:00 GMT – it seems that the fresh worries about Greece are endangering...