Forex Market Outlook

Source: www.fxstreet.com --- 38 days ago
--------------------------------------------------------- INTRA-DAY AUD/USD Outlook :                     +0.8452+ Updating time : 02 Sep 2008 06:22 GMT As aussie has met renewed selling at 0.8534, suggesting correction fm intra-day low at 0.8468 has ended n re-test of this sup is seen but below is needed to confirm recent decline has once again resumed n extend to 0.8440/45. Sell again on minor ...

Source: www.fxstreet.com --- 36 days ago
-------------------------------------------------------- INTRA-DAY EUR/USD Outlook :              1.4480 Updating time : 03 Sep 2008 16:37 GMT    Euro's rebound after finding renewed buying at 1.4441 suggests upmove fm intra-day low of 1.4385 has resumed n further gain to 1.4510/15 is envisag- ed, abv wud extend to 1.4548 res, however, reckon 1.4575 shud cap upside n yield selloff later.      Buy on dips ...

Source: www.dailyfx.com --- 11 days ago
The Treasury’s sweeping new plan to stabilize the financial system and dramatic efforts by the Fed to support money markets promise to reduce sharply the... ...

Source: podcast.streetiq.com --- 6 days ago
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Source: forum.etoro.com --- 36 days ago
hi all , after a new low for the EURUSD yesterday, we had a small correction to 1.45 ahead of some news today. the Market is still focused on bad economical expectations from Europe. The assumption is that the American economy would outperform the European one- resulting in higher interest rates for the dollar compared to the EUR. the oil price is still a major element in the Forex Market. Since it has already dropped to $109 after worries of a Hurricane last weekend which might disturb oil production capacity in U.S has faded. The ECB ( european central bank) is expected to keep interest rates on hold today, However if the ECB will acknowledge that the economic Outlook has worsened, this will fuel EUR selling, and might send us down to meet the major support area of EURUSD at 1.43 However, if the ECB will not sound as pessimistic as expected, this might bring the Dollar's advance into a temporary halt.Main events 12:00pm GBP Official Bank Rate -- Forecast 5.00% Previous 5.00% 1:15pm USD ADP Non-Farm Employment Change -- Forecast -30.k Previous 9K1:30pm EUR ECB Press Conference1:30pm USD Unemployment Claims -- Forecast 422k Previous 425K3:00pm USD ISM Non-Manufacturing PMI -- Forecast 49.5 Previous 49.5 Happy Trading ...

Source: forex.net46.net --- 18 days ago
Forex Market Commentary for September 22, 2008 by Cornelius Luca GFT Daily Market Commentary The dollar rallied aggressively versus the yen and reversed gains against the European currencies on a sudden increase in the appetite for risk after Treasury Secretary Paulson urged the government to extract the toxic mortgage assets from the financial system and the Federal Reserve pledged to provide loans for purchases of high-quality asset-backed commercial paper from money Market funds. Commodities surged again. There are incipient, but crucial, steps in returning to normal trading conditions in FX. On Monday, the dollar fell across the board and should now consolidate. The Market remains illiquid though and fortunes will continue to change very quickly.  Euro/dollar Euro/dollar reversed sharp early losses to close higher on Friday.  My model is long and more strength is likely.   Above 1.4625, resistance is still seen at 1.4810.    Immediate support is at 1.4540. This is followed by 1.4375. The next level is 1.4290.  Oscillators are rising. NEAR-TERM: Slightly bullish MEDIUM-TERM: Mixed LONG-TERM: Bearish Dollar/yen Dollar/yen rallied further on Friday and fell early Monday, as the yen remains an ingredient for crosses. My model went long. The medium-term Outlook is mixed.    Initial support is at 106.25. The next level is 105.60 from a 50-point pivot that targets 105.10 and 106.10. Immediate resistance is at 106.75 from another 50-point ...

Source: forex.net46.net --- 18 days ago
Down under currencies and FX trading The Australian dollar is surging ahead right now in Forex trading on the currency Market. Indeed, the forecast for the down under currencies in FX trading is showing some strength for the near term. Right now, the $700 billion Wall Street bailout plan is seen as positive for risk appetite as traders seek high yielding currencies. This is boosting the yen carry trade with down under currencies. However, the Australian dollar and New Zealand dollar Forex trading forecast for the long term may be different. If things change for the U.S. dollar Outlook, it is quite possible to see downward pressure in the future on the Aussie and the kiwi, reports the news.com.au : Mr Morriss said the Australian dollar could face downward pressure if the US Congress proposes aspects of the plan be admended, before allowing it to pass. "There does seem to be uncertainty over what the final form will be and what the add-ons will be," he said. See Also More on the Australian Dollar and New Zealand Dollar in Forex Trading Down under currencies in FX trading Australian Dollar in Forex Trading Currency trading on the FX Market ...

Source: forex.net46.net --- 10 days ago
Aussie down against the greenback in Forex trading The Australian dollar is dropping in currency trading on the FX Market, thanks to worries over the world economy. The Aussie is faltering against the greenback in Forex trading, since the currency is vulnerable to changes in the global economic scene. Even though the $700 billion bailout likely to pass Congress this week is supposed to loosen the credit markets, there are still indicators that the world economy is in trouble. Bloomberg reports on the connection between the Aussie in Forex trading and the world economy : ``The only real issue is what U.S. politicians are going to end up deciding on,'' said Joseph Capurso , a currency strategist in Sydney at Commonwealth Bank of Australia. ``After a while the idea will sink in that the world economic Outlook is still weak and that's bad news for the Aussie,'' he said referring to the currency by its nick-name. See Also Aussie in Forex Trading Currency trading on the FX Market ...

Source: gbpforex.com --- 2 days ago
GBP Forex Technical Outlook It is likely to fall towards 1.7138 unless a corrective rally breaks the 1.7557 resistance. Stop above 1.7636 zone. - weekly : trend down R3 : 1.7816 R2 : 1.7686 R1 : 1.7606 Pivot : 1.7476 S1 : 1.7346 S2 : 1.7266 S3 : 1.7135 Today prediction range Gbp/Usd : 1.7275-1.7620 Other Technical Outlooks EUR-USD Market should pop up towards 1.3728 or [...] ...

Source: alansforexblog.com --- 35 days ago
Forex Daily Economic Video - Comprehensive Market Outlook. ...