The world of automated Forex solutions is very lucrative and is the scammer’s paradise. You may have already been subjected to the heavy marketing campaigns of one or more of these devices and the recipient of those long driveling sales letters.
Friday marked the last full week in March and the end (for me anyway) of the first quarter of 2010 for these reviews. So it is time to look back at March and also see how things have changed over the quarter.
Investors eye US data This week the US economy will gather most of investors’ attention as the week will be loaded with highly significant market moving figures. The Week will open with the US PCE price index one of the Fed’s leading indicators for inflation and a known factor in the Fed’s inflationary outlook. The PCE is expected to point on a balanced inflationary picture with consensus bets pointing on a 2% gain for the PCE index yy in line with the Fed target of 2% annual inflation. Consumer confidence will follow alongside US manufacturing and housing data.
Investors eye US data This week the US economy will gather most of investors’ attention as the week will be loaded with highly significant market moving figures. The Week will open with the US PCE price index one of the Fed’s leading indicators for inflation and a known factor in the Fed’s inflationary outlook. The PCE is expected to point on a balanced inflationary picture with consensus bets pointing on a 2% gain for the PCE index yy in line with the Fed target of 2% annual inflation. Consumer confidence will follow alongside US manufacturing and housing data.
USDCAD bears overcome bulls position and are succesfully sliding further downside towards support barrier at 1.0205. Below this level, bears can extend their prior movement and reach new lows in a long a run. In order for bears to continue sliding downside, bullish trend line needs to be broken.
Friday marked the last full week in March and the end (for me anyway) of the first quarter of 2010 for these reviews. So it is time to look back at March and also see how things have changed over the quarter.
Earlier gains in the common currency Euro were given up against the U.S. Dollar in Asian trading today following a rise in short covering.
Each technical indicator being below it's centerline has a chance to enjoy enforcing it's desire in continuing the upward retracement that began late last week. The lack of heavily weighted news being released today will allow this.
This Forex article discusses how to neutralize your Forex fear and Forex emotion, so you can focus on Forex trading and your Forex strategy.
Price action showed comfort at 1.3350 level for the EUR/USD pair yesterday. Bollinger Bands, Full Stochastics, StochRSI and RSI are all screaming for a lift from the depths.
