Forex Signals

As this morning’s Dow rallies past the gap close on the YM Dow futures contract, the stall that would be expected at that resistance level and further up into the major psychological level at 13,000 will play a significant part in where the near-term risk ON attitude can shift what is a growing sentiment of [...]

What’s on the Economic Horizon
Fresh off the press: Australian building approvals and retail sales
Swiss foreign currency reserves and CPI reports on tap
Euro zone investor confidence index to inch lower
Canadian building permits said to fall 0.5%
U.S. Dollar (USD)
Risk aversion is back in style, baby! The U.S. NFP report gave a very poor showing last Friday, leading [...]

What’s on the Economic Horizon
U.S. NFP report expected to print higher than 120,000
Canada to release its IVEY PMI report at 3:00 pm GMT
Swiss retail sales on tap
U.S. Dollar (USD)
Traders played tug-o-pips at the release of the ECB’s statement and mixed reports from the U.S., so the Greenback ended the day unchanged against most of its [...]

What’s on the Economic Horizon
U.K. services PMI seen at 54.4
ECB rate decision scheduled to shake markets at 11:45 am GMT
U.S. ISM non-manufacturing PMI expected to slide to 55.5
U.S. Dollar (USD)
Surprisingly enough, the dollar gained ground against most of its counterparts even though yesterday’s ADP report was a total bust. As a matter of fact, it [...]

What’s on the Economic Horizon
Swiss retail sales to grow 1.2%?
Euro zone employment data on tap
U.K. construction PMI seen at 54.1
U.S. ADP expected to show increase of 178,000
New Zealand unemployment data set to rock NZD
U.S. Dollar (USD)
Better-than-expected U.S. economic data propped the U.S. dollar up against its major counterparts in yesterday’s trading. EUR/USD fell short of [...]

Usually the conversation surrounding a Dow rally is dollar weakness but not today, the market’s fallen down the “QE” rabbit hole.
Here’a are some ideas to consider. It connects the dots to reveal a bullish outlook.
– Fed member Lacker has come out to say that rates could rise in mid-2013. Add to the solid ISM [...]

What’s on the Economic Horizon
ISM Manufacturing PMI on Deck
Reserve Bank of Australia Expected to Cut Rates by 0.25%
U.S. Dollar (USD)
Is that a ranging market I see? Ah, why yes it is! Due to the absence of high impact economic reports, the safe haven Greenback found itself simply trading within tight horizontal channels versus other major [...]

What’s on the Economic Horizon
RBA to cut rates by 0.25% this week?
Canadian monthly GDP reading due today
U.S. core PCE price index and personal spending data on tap
U.S. Dollar (USD)
Did the Greenback just anger the Incredible Hulk? Then why, oh why, did it get heavily clobbered last Friday? EUR/USD jumped to its three-week high of [...]

What’s on the Economic Horizon
BOJ set to rock markets with monetary policy statement
GfK German consumer climate index to stay at 5.9
KOF economic barometer on deck
U.S. advance GDP expected to show 2.6% expansion
U.S. Dollar (USD)
Even though the Fed left the door open for QE3 in its FOMC statement on Wednesday, the dollar was able to limit [...]

What’s on the Economic Horizon
Bernanke Still Open to QE3
RBNZ Keeps Rates Steady
U.K. Officially in a Technical Recession
BOJ Interest Rate Decision On Tap!
U.S. Dollar (USD)
Way to burn the Greenback, Big Ben! Thanks to the Fed head’s dovish remarks yesterday, the dollar continued to extend its losses against most of its counterparts. EUR/USD closed 33 pips higher [...]