Forex Crunch Forex Weekly Outlook – December 6-10

Forex Crunch Forex Weekly Outlook – December 6-10

Forex Weekly Outlook – December 6-10

Posted: 04 Dec 2010 01:00 AM PST

A busy week with multi-national rate decisions, US Unemployment Claims, Trade Balance, Prelim UoM Consumer Sentiment and Federal Budget Balance. Here is an outlook on the influential events that will shape Forex traders for the coming week. Last week a new plan by President Barack Obama's deficit-reduction commission was revealed aiming to cut $3.8 trillion from [...]

QE3 – Bernanke Wants to Print More Bucks – Another Dollar Downer

Posted: 03 Dec 2010 02:41 PM PST

Ben Bernanke, the chairman of the Federal Reserve, gave an interview to 60 minutes and said that the central bank might be spending more than $600 billion on buying bonds, to stimulate the economy. I guess that when the European Central Bank led

Forex Articles for the Weekend, Dec. 4

Posted: 03 Dec 2010 02:00 PM PST

Another exciting week is behind us, with Non-Farm Payrolls providing a strong finish to the week. Before markets open again with fresh talks about QE3 (yes, 3), here are selected articles from various places on the web - long term reads for the weeke

Non-Farm Payrolls Very Weak – Dollar Drops Across the Board

Posted: 03 Dec 2010 05:31 AM PST

Non Farm Payrolls show a gain of only 39,000 jobs. The unemployment rate unexpectedly rose to 9.8%. This isn't good. Initial reaction - EUR/USD rises above resistance to 1.33 in choppy trading and moves quickly to encounter the next resistance.  
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