Forex Bull

Recognizing positive trends in any market is difficult and in the forex market, getting in or out too late could mean your entire bankroll. You do not have to be the best of the best in order to make a profit, but you do need to get in at a low enough point and get

Here’s the video for the upcoming week. We are slightly oversold and sitting at the bottom of a descending channel on the indices, so we could bounce a bit early next week, but if that happens, I really think it will be a gift. I haven’t seen much leadership this entire year, and the few areas I did see are now breaking down hard (health care and education).

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US Dollar Testing 3-Year Highs as NFPs and Nationalization Loom Euro Forecast at Risk Ahead of European Central Bank Rate Decision Japanese Yen May Fall Further on Broken Risk Link, Disappointing Data British Pound to See Volatility on Conflicting BOE Expectations Swiss Franc To Hold Bearish Trend as Growth and Inflation Falter Canadian Dollar Finally Taken To Task For Interest Rates And Growth Australian Dollar Sentiment May Shift on Key GDP, RBA Results New Zealand Dollar At Critical Support Level, More Losses Ahead?

A week of bearish fundamental data and a bout of risk aversion would end up leading the New Zealand dollar to break below the 0.500 price level. The RBNZ lowered its inflation forecast to 2.3% from 2.

The Swiss franc is likely to face increased selling pressures over the following week as the economic docket is expected to show a deteriorating outlook for growth and inflation, and as the low-yielding currency?s safe-haven status comes under question, the USD/CHF should hold its bullish trend over the near-term as the flight to quality continues.

Will the Canadian economy weather the global recession better than its G10 counterparts? Will the central bank holds the nation?s benchmark lending rate up to provide a yield advantage to the loonie when the risk appetite returns?

The British Pound is nearly assured a volatile week ahead as a multitude of conflicting leads ahead of the interest rate announcement from the Bank of England is sure to catch at least some market participants off-guard.

The world?s most liquid currency ended the week in a precarious technical and fundamental position. For those watching the charts, the Dollar Index closed Friday just off a three-year high.

Posted By: Patti Domm Stocks limp into March at 12-year lows, amid signs the market could still be heading south.     Read More Topics: Banking | Congress | Currencies | Stock Market | Investment Strategy Sectors: Banks | Oil and Gas Companies: General Electric | Citigroup Inc Permalink