The first quarter of 2013 should be a fairly active one for the EUR/USD pair. Currently, the United States is dealing with “fiscal cliff.” This is a set of tax increases & spending cuts at the end of the year if Congress cannot come up with some type of spending compromise. The next three months will see nothing short of an emotional roller coaster for this currency pair. Essentially, we could have a sudden drop in EUR/USD pair. Also, we should not forget the European debt crisis that will continue. After all, nothing's constructively been done other than the European Central Bank accepting that it is willing to buy peripheral that if the countries ask for it. I do not see this currency pair be able to break above the 1.35 level anytime soon, and do not see the likelihood of a break down below 1.25 either. If EUR/USD does manage to break above the 1.35 level however, I believe that this pair will actually skyrocket. There we will see extreme choppiness with a slightly upward bias. Read Full article
Sunday, December 16, 2012
Friday, December 31, 2010
We have published a new Video that reveals a shocking 2011 Stock Market Forecast forecast.
Click the Link below to see the Video
Shocking Video-2011 Stock Market Forecast
Friday, September 3, 2010
The EUR/USD pair went up by over 100 pips reaching at 1.274 levels during early trading hours. The pair closed at around the 1.268 level.
The Euro soared by about 100 pips against the Great British pound and it gained about 50 pips against the Japanese yen.
The Euro strengthened yesterday as economic indicators published from the U.S. and the Euro-Zone have put down to rest the concerns about the global economic slowdown.
Home Prices in United States
Friday, August 27, 2010
A fall in new US home sales and fragile orders for durable goods has again unearthed prevailing weakness in the US economy. As per analysts such data has failed to fuel demand for the dollar. US dollar is losing its value as safe heaven investment.
US unemployment claims although improved as compared to last week could not make much difference as the investors are still waiting for more important data to be released today that is Prelim GDP .
Traders are closely monitoring the announcement as a stronger than expected result may boost the USD in the short-term. Traders are also advised to follow Fed Chairman Bernanke's speech at 14:00 GMT. This speech is very likely to impact dollar volatility. Traders are advised to watch closely, as this is likely to set the pace of the dollar going into next week's trading.
Monday, August 23, 2010
The total retail sales are calculated by gathering all the sales receipts from selected retailers on a monthly basis. The sales nominal values are adjusted for the taxes, sales return etc.
The Advance Retail Sales facilitates the determination of consumer demand on a monthly basis as against the GDP figures which are calculated only annually.
The Advance Retail Sales measure provides the information about the consumer activity on a timely basis which makes the timely decision making possible.
The name Bollinger Bands has its origin in the name of the person who has created it. John Bollinger has created this technical trading tool in early 1980s. The Bollinger Bands are basically lines of a chart which shows the movement of Prices for a particular stock.
The Bollinger Bands consist of three lines first is the central line the second one is High line (the line above the central line on the chart) & third the Low line (the line below the central line on the chart).
Friday, July 2, 2010
Today the US economic data was released & was not very good for investors. The data shows negative points raising concerns over the economic recovery in United States. As the data suggests the economic recovery is slowing in United States. The manufacturing growth in US has also been slowed as can be seen from the manufacturing index as published by The Institute for Supply Management. The manufacturing index dropped to 56.2 in the month of June from 59.7 in the month of May 2010. The home sales in US tumbled by almost 30 percent in the month of May.
Thursday, June 24, 2010
Today Japanese Yen appreciates against USD after the Federal Reserve announces in its policy meeting that the economic conditions are not much supportive for economic recovery. This has increased the demand for Japanese Yen as it seems to be safer.
The Japanese Yen gained to 89.62 per dollar from 89.84 per dollar.
The Chinese Foreign Ministry Spoke person Qin Gang said that politicizing the issue of Yuan revaluation would not help to solve US economic distress.
The statement came as there is continuous pressure being put on President Barack Obama by the Law Makers in US to keep pressurizing China to revalue its currency. As per US Law makers the Chinese currency is undervalued & is giving undue benefit to Chinese Producers due to weak currency & there should be additional tarrif levied on imports to even out this advantage.
Tuesday, June 1, 2010
Thursday, April 29, 2010
Tuesday, April 27, 2010