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  1. EUR/USD Outlook – October 24-28

    by , 10-23-2011 at 01:24 AM
    Euro/dollar lost a lot of ground as serious doubts about European seriousness came to light. Apart from the all-important EU Summit during the weekend and the apparent follow up on Wednesday, we have quite a few important indicators, with PMI numbers in the limelight.Here is an outlook for the market moving events, and an updated technical analysis for EUR/USD.

    The potential haircut for Greece can reach 60%. Bank recapitalization is between 100 and 200 billion euros, but the big dispute is about the EFSF bailout fund, its uses and its leverage. Germany and France are working on a solution. A happy compromise might not be sufficient to settle the markets. Here are 4 reasons why the summit will fall short.

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  2. AUD/USD Outlook – October 24-28

    by , 10-22-2011 at 11:59 PM
    The Aussie traded in a choppy manner and eventually managed to recover early losses and close a bit higher.Where is it going from here? Quarterly inflation figures are the highlights of this week. Here is an outlook for the Australian events and an updated technical analysis for AUD/USD

    The big question of the character of the Chinese “landing” (slowdown) is looming on the markets. Official Chinese GDP in Q3 came out lower than expected. We’ll now get an independent assessment of the Chinese economy.

    AUD/USD daily graph with support and resistance lines on it. Click to enlarge:Read the rest of the article [B][I][URL="http://www.forexcrunch.com/audusd-outlook-october-24-28/"]AUD/USD Outlook – October 24- ...
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  3. USD/CAD Outlook – October 24-28

    by , 10-22-2011 at 01:44 PM
    The Canadian dollar continued making gains against the greenback getting closer to parity. Will it reconquer it now? The interest rate decision and retail sales are the highlights of this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD.

    Inflation is on the rise in Canada, and this lowers the chances of a rate cut. But not all the figures are positive. Last week disappointing figures for the Canadian market with an unexpected decline to 7.92 billion in Foreign securities purchases after 12.13 billion in the preceding month, a negative reading of 0.1% in the leading index, contrary to the 0.2% gain predicted, and a smaller than expected increase of 0.2% in Wholesale sales.
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  4. Forex Weekly Outlook – October 24-28

    by , 10-22-2011 at 06:56 AM
    The US dollar fell for another week as the panic seen early in the money continues to unwind. Will this weakness come to an end? The EU economic summit, rate decisions in Canada, Japan and New Zealand and US housing and employment figures are the major events this week. Here is an outlook on the main market-movers awaiting us.

    Last week The Philly Fed Manufacturing Index scored +8.7 points unlike predictions for a negative reading of-9, a good sign of recovery after the serious 30.7 drop in September. Nevertheless, all eyes are turned to Europe and the EU Summit this Sunday and a follow up later on.

    Read the rest of the article [B][I][URL="http://www.forexcrunch.com/forex-weekly-outlook-october-24-28/"]Forex Weekly ...
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