Forex Crunch AUD/USD Nov. 3 – Flirt With Parity Before QE2

Forex Crunch AUD/USD Nov. 3 – Flirt With Parity Before QE2


AUD/USD Nov. 3 – Flirt With Parity Before QE2

Posted: 03 Nov 2010 03:21 AM PDT

AUD/USD is playing around with parity, hours before the long-awaited QEII decision in the US. Will the Aussie enjoy US weakness and settle at the uncharted zone?  Here's a quick update on technicals, fundamentals and community trends. AUD to USD just under parity, at 0.9996. AUD/USD Technicals Asian session:  AUD/USD dropped to 0.9960 before recovering [...]

Pound Breaking Higher on Services PMI

Posted: 03 Nov 2010 02:55 AM PDT

GBP/USD made a breakout above another resistance level, riding on a positive PMI this time. It fully recovered from the blow it got yesterday and is better positioned for QE2. Will it jump higher? British purchasing managers' index for the service

QE2 Update – Expectations Narrowing Down

Posted: 03 Nov 2010 02:11 AM PDT

The QE2 decision is getting closer - at 18:15, the FOMC will release its long awaited decision about a second dollar printing program. Here are the latest estimations, and a song for the event. Out of the 5 scenarios for the quantitative easing de

EUR/USD Nov. 3 – Improving Positions Before Big Bang

Posted: 03 Nov 2010 01:38 AM PDT

EUR/USD managed to settle above 1.40, but is still struggling with resistance, hours before the long-awaited QEII decision. Here's a quick update on technicals, fundamentals and community trends. EUR/USD holding on to 1.40 EUR/USD Techn

Forex Daily Outlook – November 3 2010

Posted: 02 Nov 2010 03:00 PM PDT

Very exciting events await us today, FOMC Statement in the US, Halifax HPI in UK and much more. Let's see what awaits us today. In the US, Federal Open Market Committee (FOMC) that is scheduled 8 times per year  discusses the economic outlook and

Fundamental Overview – Market Movers Last Week – 11/01/2010

Posted: 02 Nov 2010 01:37 PM PDT

The U.S. Dollar had a mixed week against the major currencies, falling against most of them, but gaining slightly against the Australian Dollar and the Euro. The set of economic data out from the United States had a net negative effect on the Greenba

More US Dollar Strength? Elliott Wave Review

Posted: 02 Nov 2010 06:45 AM PDT

Global markets are trading higher since the GDP numbers were released on Friday, pushing the US dollar lower across the board, especially against the Australian dollar as the RBA unexpectedly hikes rates to 4.75%. Guest post by Gregor Horvat H

Treats, Not Tricks

Posted: 02 Nov 2010 06:14 AM PDT

As an alternative to the traditional stop loss, forex binary options come in handy for many traders. We now have a special Halloween promotion - an 85% return on hourly options. StartOptions, a trusted provider of binary options, offers this pro

Pound Pounded on Growth Doubts

Posted: 02 Nov 2010 05:29 AM PDT

GBP/USD lost a key level and pound crosses are dropping on a relatively weak Construction PMI. This second tier figure didn't make a terrible drop, but the currency did. How come? Some answers. Purchasing managers' index for October disappointed -

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