A very busy week awaits cable traders. Every day provides a major economic indicator to rock the pound. Here is an outlook for the British events, and an updated technical analysis forGBP/USD.

The British economy continued growing in Q2, by 0.2%. This slow growth rate…

Oil prices didn’t change much during the past couple of weeks; last week wasn’t any different as crude oil prices moderately declined after they had moderately inclined the week before. The US GDP 2011 Q2 didn’t grow by a high rate (only 1.3%); this news might have affected traders to trade down crude oil prices on Friday. By the end of the week, Brent  lost 1.23% of its value, and WTI…

Gold bounced back and finished the week strong during the last week of July; silver price, on the other hand, finished the week below the price level it had started the week at; both precious metals’ prices finished the last day of the month rising; this might be related, in part to the disappointing …

Here is a news calendar for the week of August 1^st to August 5^th that highlights the main news items and reports related to U.S, Europe, Australia, Japan, China and Canada.   

(all times GMT):

for the complete weekly outlook report see…

Employment data, Building permits and Ivey PMI are the main events this week. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD.

Last week wildfires and maintenance shutdowns brought GDP down by 0.3% in May compared to April slowing mining and gas extraction. The Price of raw materials dropped unexpectedly by 2.2% and the price of finished goods declined by 0.3%. Is this only a temporary setback…

Hi,

Its the end of the weekend trade and also month end, but certainly looks like a beginning of some interesting moves for EURUSD coming weeks in the month of August. I am quoting few possibilities out of my chart here and any discussions/feedback are welcome.

 …

Paper currencies are less in value, debt crisis and nearly zero percent interest.

However the Swiss Franc is an exception as investors are worried about the Euro and US Dollar.

The Swiss Franc trade weighted index however reached new highs.

The only negative is in the banking sector…

$EURUSD

WHAT ProAct Traders SEE: We are currently sitting @ 1.4365 just below the Day chart trendline and the .786 Fibo. A clear head and shoulders has formed with a set of twins and all of that is bearish for the cross from a technical standpoint. 2 scenarios: A bounce to the upside targets the double top @ 1.4537. If the cross respects the .786 and the trend line look for a break of the neckline and a move back to the S5 @ 1.4162. The average daily trading range for the cross…

Next Monday early European opening breakouts based on the previous week data.

On request we changed USD/NOK to EUR/CHF.

To view, click on the table below.

Hello Everyone,



Thought I'd share some of the most interesting articles of the week regarding the markets and trading:



Jesse Livermore - the trials, successes and lessons from one of the greatest traders of all time



GDP grows at 1.3% - worse than…

In spite of constant headlines about debts and deficits, most Americans don’t really believe the U.S. dollar will collapse.

From knowledgeable investors who study the markets to those seemingly too busy to worry about such things, most dismiss the idea of the dollar actually going to zero.

See what happen with other countries before by clicking of the picture below.

(c)…

USD/CHF (daily chart) as of Friday (7/29/2011) has established yet a new all-time low, this time breaking below the 0.7900 level for the first time. This breakdown occurs within the context of a remarkably strong and technically-behaving long-term, medium-term, and short-term downtrend. This bearish…

Putting price action in perspective of Fibonacci level, pivots, recent highs and lows, and psychological levels are all part a of a chartist's typical day. But what about price movement ranges and volatility. It's difficult to gauge without sufficient historical price data but that's where I use the PowerStats plug-in on my MT4.*

* By the way, most brokers that offer Autochartist and MT4…

Currently @0.7955 and breaking out of the rectangle pattern. The cross has moved though  the 1.270 fibo and is poised to hit the S5 target @ 0.7916  Not looking for any bounce until the 0.7900.…

Gold and silver remained unchanged in recent days: during the first couple of weeks of July (1^st to 18^th of July), gold rose by 8.08% and silver by 19.69%; on the other hand, during this week (July 25^th to 28^th), gold rose by only 0.11% and silver declined by 1.4%. This slowdown might continue until the cards will fall on the matter of the debt ceiling talks in the US.  In the mean time the forex and commodities prices don't move much. Today,…

Oil prices moderately inclined yesterday. The EIA natural gas market report was published yesterday and presented an increase in natural gas storage of 43 Bcf. Today, the following reports will be published: Euro Area inflation rate, the U.S. advance estimate of second quarter of GDP and Canada's GDP by industry.…