A variety of Australian releases and one Chinese release will move the Aussie in the upcoming week. Here’s an outlook for the Australian events, and an updated technical analysis for AUD/USD, now in higher ground. AUD/USD daily chart with support and resistance lines. Click to enlarge: The Australian economy enjoys a bubbling job market . The fresh figures came out significantly better than expected, and this gave a big boost to AUD/USD.... 

A very interesting rate decision expects us in Britain, with inflation becoming a threat. There are many more indicators in this busy week. Here’s an outlook for the British events, and an updated technical analysis for GBP/USD. GBP/USD daily graph with support and resistance lines on it. Click to enlarge: The pressure for a rate hike now comes from the inside as well, with Andrew Sentance voting for it last time . Will there be a rate... 

The emergency budget that the new government will bring to parliament is the main event for the upcoming week. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD chart with resistance and support lines on it. Click to enlarge: The past week saw positive news from Britain: unemployment made a nice drop and retail sales jumped . Inflation didn’t exceed expectations but remained high, keeping... 

The Aussie enjoyed a positive week and began struggling with higher barriers. Here’s an outlook for the events that will move the Aussie and an updated technical analysis for AUD/USD. AUD/USD chart with resistance and support lines on it. Click to enlarge: The meeting minutes showed that the central bank is worried about European developments, but seems confident about the Australian economy. Indeed,  the Aussie rose quite nicely in the... 

The kiwi enjoyed the rate hike in the past week to make gains against the dollar. Here’s an outlook for the single event that is due in New Zealand, and an updated technical analysis for NZD/USD. NZD/USD graph with support and resistance lines on it. Click to enlarge: Alan Bollard was the third central banker in the West to raise the interest rate , lifting it from 2.50% to 2.75%. While this cycle won’t result in the 8.25% rate seen... 

A very busy week awaits the British Pound, with the rate decision being the highlight. Will Mervyn King tackle inflation? Here’s an outlook for the events that will rock the Pound, and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines on it. Click to enlarge: The Pound enjoyed the failure of the Prudential -AIG Asia deal. This deal would have sent billions of pounds overseas, and its failure strengthened... 

This week is critical for the kiwi – a rate hike is expected from the central bank. Here’s an outlook for the events in New Zealand and an updated technical analysis for NZD/USD. NZD/USD chart with support and resistance lines on it. Click to enlarge: The kiwi suffered from the American Non-Farm Payrolls , like all the other currencies, and lost the higher range it traded earlier. This week…  Read More →

The Canadian dollar didn’t really enjoy the rate hike and the better-than expected GDP , in a very busy week. The governor of the central bank will have a chance to explain the rate hike and talk about future moves, and there are additional releases as well. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. USD/CAD chart with support and resistance lines marked on it. Click to enlarge: Job... 

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... 

After another week of tense range trading, another busy week expects the Aussie, with employment data being the climax. Here’s an outlook for the Australian events, and an updated technical analysis for AUD/USD. AUD/USD chart with support and resistance lines on it. Click to enlarge: The past week saw two important releases: GDP and the rate decision that were OK. The Aussie didn’t fully enjoy them. Will employment numbers boost... 

The kiwi managed to end a volatile week higher, moving mostly on  higher inflation expectations and an improved surplus in its trade balance. The kiwi will move mostly on technicals in the upcoming week. Here’s an outlook for the events in New Zealand and an updated technical analysis for NZD/USD. NZD/USD graph with support and resistance lines marked. Click to enlarge: NBNZ Business Confidence : Published on Monday at 3:00 GMT. This... 

Another intense week ended with a significant recovery for the common currency. Will the recovery continue? Or was it just a temporary correction? Here’s an outlook for the events that will rock the Euro, and an updated technical analysis for EUR/USD. EUR/USD chart with support and resistance lines marked. Click to enlarge: The contagious debt problems sent the pair to four year lows, but it managed to end the week higher after the German... 

A revised version on the GDP and 5 other events will shake the Pound, now at lower ground. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines marked. Click to enlarge: While the political uncertainty didn’t stay too long, the Pound’s situation is still dire. It’s fate cannot be detached from the fate of the Euro. Contagion also reached... 

Everything turned against the Aussie, and it closed a terrible week with a loss of about 550 pips. The upcoming week consists of 5 events that will move the Aussie, and an updated technical analysis for AUD/USD, now at lower ground. AUD/USD chart with support and resistance lines marked. Click to enlarge: Indications for a pause in rate hikes, lower inflation expectations, a drop in consumer confidence and the European debt issues (risk aversion),... 

The Canadian dollar managed to correct some of its losses on positive data on Friday, but is already far from parity. Here’s an outlook for Canadian events and an updated technical analysis for USD/CAD. The focus is on the technicals this week. USD/CAD chart with support and resistance lines marked. Click to enlarge: The higher-than-expected rise in prices raises expectations for a rate hike in the upcoming meeting on June 1st. This event...