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Forex Resources

DailyForex Blog Reviews: Forex Initiate

Monday, June 29, 2009

As part of our blog review program, we will be reviewing a Forex blog that is quite different than the previous blogs we reviewed, ForexInitiate.


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The Fundamental Principles of Forex Auto Trading

Sunday, June 28, 2009

With the growing popularity of the Forex market, a new trend of Auto trader is gaining momentum. There are many individuals, especially in today's shaky economy, who are looking to the Forex market for a safe investment. The problem with a lot of these people is that they have no experience in trading Forex, nor are they interested in spending days and weeks studying it. As a result, they turn to auto trading systems.
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Euro Edges up on Poor U.S. Consumer Confidence Data

Wednesday, July 01, 2009

Yesterday’s disappointing reading in U.S. consumer confidence suppressed investor risk appetite and prevented the Euro from holding onto a 3-week high versus the U.S. Dollar in Monday’s trading.
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U.S. Dollar Slips Broadly in Asian Trading

Tuesday, June 30, 2009

The U.S. Dollar fell in Asian trading today as improved Euro zone sentiment, together with higher share and oil prices, combined to spur on investor risk appetite.
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DescriptionActualForecast
GBP Nationwide House Prices s.a. (MoM) (JUN)0.9%-0.5%
GBP Nationwide House Prices n.s.a. (YoY) (JUN)-9.3%-10.8%
EUR French Housing Permits (3MoY) (MAY)  
NZD Trade Balance (New Zealand dollars) (MAY)858.0M250.0M
NZD Imports (New Zealand dollars) (MAY)3.10B3.42B
NZD Exports (New Zealand dollars) (MAY)3.96B3.70B
NZD Building Permits (MoM) (MAY)3.5% 
NZD Trade Balance YTD (MAY)-3044.0M 
GBP Hometrack Housing Survey (MoM) (JUN)0.0% 
GBP Hometrack Housing Survey (YoY) (JUN)-8.7% 
JPY Industrial Production (MoM) (MAY P)5.9%7.0%
JPY Industrial Production (YoY) (MAY P)-29.5%-28.8%
JPY Retail Trade s.a. (MoM) (MAY)0.0%0.0%
JPY Retail Trade (YoY) (MAY)-2.8%-2.6%
JPY Large Retailers' Sales (MAY)-6.5%-6.2%
NZD Money Supply M3 (YoY) (MAY)5.6% 
JPY Vehicle Production (YoY) (MAY)-41.4% 
EUR Bloomberg Italian Retail Purchasing Manager Index (JUN)47.0 
EUR Bloomberg Franch Retail Purchasing Manager Index (JUN)49.4 
EUR Bloomberg German Retail Purchasing Manager Index (JUN)46.0 
EUR Bloomberg Euro-Zone Retail Purchasing Manager Index (JUN)47.5 
GBP Net Consumer Credit (MAY)0.3B0.3B
GBP Mortgage Approvals (MAY)43.4K46.0K
GBP Net Lending Sec. on Dwellings (MAY)0.3B1.0B
GBP M4 Money Supply (MoM) (MAY F)0.2% 
GBP M4 Money Supply (YoY) (MAY F)16.6% 
EUR Euro-Zone Economic Confidence (JUN)73.371.0
EUR Euro-Zone Business Climate Indicator (JUN)-2.97-3.00
EUR Euro-Zone Consumer Confidence (JUN)-25-30
EUR Euro-Zone Industrial Confidence (JUN)-32-32
EUR Euro-Zone Services Confidence (JUN)-20-23
USD Chicago Fed National Activity Index-2.30 
USD Dallas Fed Manufacturing Activity (JUN)-20.4%-16.5%
GBP GfK Consumer Confidence Survey (JUN)-25-25
JPY Nomura/JMMA Manufacturing Purchasing Manager Index (JUN)48.2 
JPY Job-To-Applicant Ratio (MAY)0.440.45
JPY Household Spending (YoY) (MAY)0.3%-1.5%
JPY Jobless Rate (MAY)5.2%5.2%
AUD HIA New Home Sales (MoM) (MAY)-5.7% 
AUD Private Sector Credit (MoM) (MAY)-0.1%0.2%
AUD Private Sector Credit (YoY) (MAY)3.9%4.2%
JPY Labor Cash Earnings (YoY) (MAY)-2.9%-2.5%
AUD Foreign Reserves (Australian dollar) (JUN)  
NZD AON 1-Year Inflation Expect (JUL)  
JPY Small Business Confidence (JUN)38.0 
JPY Housing Starts (YoY) (MAY)-30.8%-27.7%
JPY Annualized Housing Starts (MAY)0.758M0.800M
JPY Construction Orders (YoY) (MAY)-41.9% 
CHF UBS Consumption Indicator (MAY)0.772 
EUR French Producer Prices (MoM) (MAY)-0.3%-0.2%
EUR French Producer Prices (YoY) (MAY)-7.8%-7.5%
EUR German Unemployment Change (JUN)31K45K
EUR German Unemployment Rate s.a. (JUN)8.3%8.3%
EUR Euro-Zone M3 s.a. (YoY) (MAY)3.7%4.6%
EUR Euro-Zone M3 s.a. (3M) (MAY)4.5%4.9%
GBP Gross Domestic Product (QoQ) (1Q F)-2.4%-2.1%
GBP Gross Domestic Product (YoY) (1Q F)-4.9%-4.3%
GBP Total Business Investment (QoQ) (1Q F)-7.6%-5.5%
GBP Total Business Investment (YoY) (1Q F)-9.7%-6.8%
GBP Current Account (Pounds) (1Q)-8.5B-6.8B
EUR Italian Consumer Price Index (NIC incl. tobacco) (MoM) (JUN P)0.1%0.2%
EUR Italian Consumer Price Index (NIC incl. tobacco) (YoY) (JUN P)0.5%0.7%
EUR Italian Consumer Price Index - EU Harmonized (MoM) (JUN P)0.2%0.2%
EUR Italian Consumer Price Index - EU Harmonized (YoY) (JUN P)0.6%0.6%
EUR Italian Producer Price Index (MoM) (MAY)-0.2%0.1%
EUR Italian Producer Price Index (YoY) (MAY)-6.7%-6.5%
EUR Euro-Zone Consumer Price Index Estimate (YoY) (JUN)-0.1%-0.2%
CAD Gross Domestic Product (MoM) (APR)-0.1% 
CAD Industrial Product Price (MoM) (MAY)-1.1%-0.6%
CAD Raw Materials Price Index (MoM) (MAY)2.2%2.0%
USD S&P/Case-Shiller Home Price Index (APR)139.18 
USD S&P/Case-Shiller Composite-20 (YoY) (APR)-18.12%-18.63%
USD Chicago Purchasing Manager Index (JUN)39.939.0
USD Consumer Confidence (JUN)49.355.3
USD NAPM-Milwaukee (JUN)50.045.0
USD Fed's Bullard Speaks on Fed Exit Strategies in Philadelphia  
USD Fed's Hoenig Speaks at New York University  
USD Bloomberg Financial Conditions Index (APR) (JUN)-1.7 
USD ABC Consumer Confidence (JUN 28)-51-51
AUD AiG Performance of Manufacturing Index (JUN)38.4 
JPY Loans & Discounts Corp (YoY) (MAY)2.3% 
JPY Tankan Large Manufacturers Index (2Q)-48-43
JPY Tankan Large Manufacturers Outlook (2Q)-30-34
JPY Tankan Non-Manufacturing Index (2Q)-29-27
JPY Tankan Large All Industry Capex (2Q)-9.4%-6.9%
JPY Tankan Non-Manufacturing Outlook (2Q)-21-23
AUD DEWR Skilled Vacancies (MoM) (JUN)-3.7% 
USD Fed's Yellen Speaks to Commonwealth Club in San Francisco  
AUD Retail Sales s.a. (MoM) (MAY)1.0%0.5%
AUD Building Approvals (MoM) (MAY)-12.5%3.0%
AUD Building Approvals (YoY) (MAY)-22.4%-6.9%
USD Total Vehicle Sales (JUN)9.7M9.8M
USD Domestic Vehicle Sales (JUN)7.2M7.4M
JPY Vehicle Sales (YoY) (JUN)-14.0% 
EUR German Retail Sales (MoM) (MAY)0.4%0.0%
EUR German Retail Sales (YoY) (MAY)-2.9%-1.5%
AUD RBA Commodity Index SDR (YoY) (JUN)-29.3% 
CHF SVME-Purchasing Managers Index (JUL)41.841.0
EUR Italian Purchasing Manager Index Manufacturing (JUN)42.742.5
EUR French Purchasing Manager Index Manufacturing (JUN F)45.945.5
EUR German Purchasing Manager Index Manufacturing (JUN F)40.940.5
EUR Euro-Zone Purchasing Manager Index Manufacturing (JUN F)42.642.4
GBP Purchasing Manager Index Manufacturing (JUN)47.046.4
GBP Index of Services (3Mo3M) (APR)-1.2% 
USD MBA Mortgage Applications (JUN 26)-18.9% 
USD Challenger Job Cuts (YoY) (JUN)-9.0% 
USD ADP Employment Change (JUN)-473K-394K
USD ISM Manufacturing (JUN)44.844.9
USD ISM Prices Paid (JUN)50.047.0
USD Pending Home Sales (MoM) (MAY)0.1%0.0%
USD Pending Home Sales (YoY) (MAY)4.6% 
USD Construction Spending (MoM) (MAY)-0.9%-0.6%
EUR Italian New Car Registrations (YoY) (JUN)12.4% 
EUR Italian Budget Balance (euros) (JUN)6.6B 
EUR Italian Budget Balance (euros) (YTD) (JUN)-49.5B 
JPY Monetary Base (YoY) (JUN)6.4% 
JPY Foreign Buying Japan Stocks (Yen) (JUN 26)-195.1B 
JPY Foreign Buying Japan Bonds (Yen) (JUN 26)-666.7B 
JPY Japan Buying Foreign Stocks (Yen) (JUN 26)150.5B 
JPY Japan Buying Foreign Bonds (Yen) (JUN 26)1533.7B 
AUD Trade Balance (Australian dollar) (MAY)-556M-125M
NZD ANZ Commodity Price (JUN)0.2% 
EUR Italian Deficit to GDP (YTD) (1Q)9.30% 
GBP Purchasing Manager Index Construction (JUN)44.546.0
EUR Euro-Zone Unemployment Rate (MAY)9.5%9.4%
EUR Euro-Zone Producer Price Index (YoY) (MAY)-5.8%-5.6%
EUR Euro-Zone Producer Price Index (MoM) (MAY)-0.2%0.1%
*EUR European Central Bank Interest Rate Decision1.00%1.00%
*USD Change in Non-Farm Payrolls (JUN)-467K-365K
*USD Unemployment Rate (JUN)9.5%9.6%
USD Change in Manufacturing Payrolls (JUN)-136K-150K
USD Average Hourly Earnings (MoM) (JUN)0.0%0.1%
USD Average Hourly Earnings (YoY) (JUN)2.7%2.9%
USD Average Weekly Hours (JUN)33.033.1
*USD Initial Jobless Claims (JUN 27)614K615K
USD Continuing Claims (JUN 20)6702K6740K
USD Factory Orders (MAY)1.2%0.9%
AUD AiG Performance of Service Index (JUN)50.2 
CHF Consumer Price Index (MoM) (JUN) 0.0%
CHF Consumer Price Index (YoY) (JUN) -1.1%
EUR Italian Purchasing Manager Index Services (JUN) 42.9
EUR French Purchasing Manager Index Services (JUN F) 47.5
EUR Euro-Zone Purchasing Manager Index Services (JUN F) 44.5
EUR Euro-Zone Purchasing Manager Index Composite (JUN F) 44.4
GBP Purchasing Manager Index Services (JUN) 51.5
GBP Official Reserves (Changes) (JUN)  
GBP Bank of England Housing Equity Withdrawal (Pounds) (1Q) -£9.0B
EUR Euro-Zone Retail Sales (MoM) (MAY) -0.1%
EUR Euro-Zone Retail Sales (YoY) (MAY) -2.7%

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Forex Daily Analysis

USDCAD drops sharply from 1.1654

Wednesday, July 01, 2009

After breaking above 1.1636 resistance, USDCAD drops sharply from 1.1654 and breaks below the lower border of the rising price channel.
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EUR/USD 1.4107 - 2 July

Wednesday, July 01, 2009

Yesterday Euro/Dollar attempted to drop, reaching a bottom at 1.4001, but further decreasing momentum was limited and the currency couple rose to the top 1.4190, closing the day at 1.4141.
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