Forex-Butler.com

Posts Tagged ‘Outlook’

Hi everyone. Aside from the Yen, which lost a lot of ground after newly appointed Japanese finance minister Naoto Kan said he prefers the Yen to continue its current decline, the markets remained within ranges, most likely waiting for the NFP release later today. We do expect the data to possibly cause a breakout, and in our case, we dont care in which direction. The 1.42 level has held nicely and most recently the 1.4300 figure on EUR/USD. Fundamentals are mixed all across the world, except in Australia, where retail sales jumped to 1.4% last month, much higher than the anticipated .4%; however, if you take a look at historic figures, the data is very volatile and should be taken with a grain of salt. We favor a break below 1.4200 to test 1.4000. Were setting this up for the News! Trade service. If youd like to see how we trade the news, please register at the following link: www2.gotomeeting.com News! Trade: Trading Non-Farm Payrolls Live When: Friday, January 8, 8:00am US Eastern time (2:00pm Amsterdam, 5pm Dubai, 10pm Tokyo) We look forward to seeing you there. Until then.

Forex Strategy Outlook: US Dollar Forecast to Trend Against Euro, Japanese yen
Forex options market volatility expectations have dropped noticeably into a relatively empty week of economic event risk, signaling that price action may slow in the days ahead. Yet across the board we see that US Dollar and Japanese Yen-based currency pairs are making new highs and new lows.

Read more on Daily FX via Yahoo! Finance

www.moneyshow.com?scode=013356 Watch forex trading expert Rob Booker discuss the outlook for the dollar, major currencies, technical and fundamental analysis, and strategies for FX trading.

Last week, Eurozone’s debt issues and announcement of tightening in Chinese banks extended the current atmosphere of risk aversion, which weakened the Euro, but boosted the US Dollar and Yen. This week, the Yen and Greenback consolidated, but the Greenback broke out and continued its strength. The USD was boosted…

Read the rest of this entry »

Daily afternoon analysis of the US Forex market trading session with dailyfx Currency Analyst John Kicklighter. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas. www.dailyfx.com

Happy Friday everyone. To finish off the week, an update on the EUR/USD trade from the previous video and a look at a fresh GBP/JPY opportunity

Hey everyone, today I prepare a currency buffet for you, I analyze the Euro USD, Cable, Pound Swissy, Aus USD and an old favorite, the Aussie Yen cross. Very simple analysis, I think much of todays market direction will depend on where we start London relative to support and resistance. Good luck and I hope you enjoy the video!! David Pegler