December 2009
13 posts
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Forexpros Daily Analysis Dec 30, 2009
Fundamental Analysis: Chicago PMI
The Chicago PMI will be published tomorrow (Dec 31). The Chicago Purchasing Managers Index determines the economic health of the manufacturing sector in Chicago region. Any reading above 50 indicates expansion of the manufacturing sector, while a reading below 50 indicates contraction. The Chicago PMI can be of some help in forecasting the US ISM and usually has...
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Forexpros EUR/USD Technical Analysis
The Euro broke the resistance specified in Thursday’s report 1.4371, but settled for a test of the resistance 1.4410 (Thursday’s high was 1.4416). The technical outlook is still gaining positivity after breaking the falling channel that we talked about all last week, but failure at 1.4410 might be the first signal indicating a new wave of weakness. And since it is an important resistance, we will...
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Forexpros Daily Analysis Dec 28, 2009
Fundamental Analysis: CB Consumer Confidence
The CB Consumer Confidence report will be published tomorrow (Dec 29).
The Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict the consumer spending, which is a major part in the total economic activity. Higher readings point to higher consumer optimism.
A higher than...
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Will USD Weaken Into The New Year | StockTwits FX →
My article for StockTwits at the beginning of the last trading week of 2009. It presents a contrarian view to the current down trend in the GBP/USD. Although I am a long term GBP/USD bear, I also see several technical developments that point to a possible rally in cable that could take price to the 1.6100 level.
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Forexpros Daily Analysis Dec 23, 2009
Fundamental Analysis: Core Durable Goods Orders
Traders await the announcement of the Core Durable Goods Orders tomorrow (Dec. 24). The Core Durable Goods Orders measures the change in the total value of new orders for durable goods, excluding transportation. Because aircraft orders are very volatile, the core number gives a better gauge of orders trends. Higher reading indicates activity...
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Forexpros Daily Analysis Dec 22, 2009
Fundamental Analysis: Monetary Policy Committee
The Bank of England (BoE) Monetary Policy Committee (MPC) Meeting Minutes will be published tomorrow (Dec 23). The minutes are a detailed record of the committee’s interest rate meeting held about two weeks earlier. It gives a picture of economic conditions in the UK. It also records the votes of the individual members of the Committee
If the...
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Playing The Range | StockTwits FX →
My article on StockTwits FX describing how to best take advantage of rangebound currency pairs.
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Forexpros Daily Analysis Dec 21, 2009
Fundamental Analysis: GDP
Tomorrow, Dec 22, the Gross Domestic Product will be published in the UK, USA and New Zealand.
The Gross Domestic Product (GDP) is the broadest measure of economic activity and is a key indicator for the economy’s health. The quarterly percent changes in GDP shows the growth rate of the economy as a whole.
A higher than expected reading should be taken as...
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Holiday Gifting for GBP Bears | StockTwits FX →
I wrote this article last week and it played out today as GBP/USD completed the quarter to 1.6000 major whole number.
