Forex Crunch Dollar Outlook For 2011

Forex Crunch Dollar Outlook For 2011

Dollar Outlook For 2011

Posted: 03 Jan 2011 04:30 AM PST

Guest post by NewstraderFX With the Federal Reserve still committed to adding liquidity by purchasing another $800 billion of Treasuries through June, and an economy which is likely to grow between 3% and 4%, we can still look for the dollar to weaken against currencies like the euro, pound and Australian dollar as stocks continue to

AUD/USD Uptrend Continuation-Elliott Wave

Posted: 03 Jan 2011 04:26 AM PST

Aud/Usd is trading nicely higher, already since start of December 2010 when pair bounced from the 0.9828 support where a corrective wave 2) has finished. With this being said, on a 4h chart pair should now be trading in a red wave 3), sub-wave of a blue wave (5) from a daily chart, which will

EUR/USD Dec. 3 – Losing the Hot Air

Posted: 02 Jan 2011 10:58 PM PST

EUR/USD started the year with losing the hot air it enjoyed at the end of 2010, and dropping to a lower range. Volume is still thin, but we already have some fresh indicators. Where will it go? Here's a quick update on technicals, fundamentals and community trends. Euro/Dollar now falling to lower range. EUR/USD Technicals

AUD/USD Jan. 3 – New Year Continues Bullish Trend

Posted: 02 Jan 2011 05:34 PM PST

The AUD continued its strong highs against the USD into the new year with a slight pull back. This trend is expected to continue in the week ahead with a number of key data releases by the US Federal Reserve. Here's a quick update on technicals, fundamentals and community trends. AUD to USD on high ground

Forex Daily Outlook – January 3 2011

Posted: 02 Jan 2011 02:00 PM PST

We start the week with ISM Manufacturing PMI in the US and some more exiting events .Let’s see what awaits us today. In the US, The Institute for Supply Management (ISM), Manufacturing Purchasing Managers’ Index (PMI) Survey of about 400 purchasing managers to rate the relative level of business conditions. indicates industry expansion with 57.1

EUR/USD 2011 Forecast

Posted: 02 Jan 2011 10:59 AM PST

After a roller coaster year for Euro/Dollar, 2011 promises to be no less dramatic. The main factors moving the currencies are far from being resolved, and the actions that policymakers and market makers will take are unknown. Full year predictions in forex are from being an exact science, but there’s a general direction. 2010 –

NZD/USD Outlook – January 3-7

Posted: 02 Jan 2011 07:00 AM PST

The kiwi had an excellent ending to 2010. Yet again, there are no events are due this week in New Zealand, so the outlook will focus on technicals. Here’s an outlook for NZD/USD. Note that these rises came despite the contraction that the economy underwent in Q3 and despite the Chinese rate hike. The rise

Canadian Dollar – January 3-7

Posted: 02 Jan 2011 06:00 AM PST

Ivey PMI and Employment data are the major Canadian forex events to open 2011. Here is an outlook on the market movers this week and an updated technical analysis for USD/CAD, now under parity. Last week, Canada’s dollar advanced the strongest since April against the USD reaching C$0.9959. The market seems optimistic towards 2011. For
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