Trading Economic Releases: Don’t Jump In

Have you ever asked yourself why did a currency fall if the economic figure was positive. Shouldn’t the currency continue rallying?
The answer is: not necessarily
Markets have the keen concept of speculating. According to Investopedia, the main purpose of speculation is “to profit from betting on the direction in which an asset will be moving.”
Another way [...]

U.S. Retail Sales Unexpectedly Rise 0.3%

Retail sales in the U.S. for February were $355.5 billion, an increase of 0.3%, following 0.5% increase in the previous month, according to the U.S. Census Bureau. Core retail sales, which exclude sales of autos were $297.6 billion, an increase of 0.8% from January’s reading of 0.1%.
“Total sales for the December 2009 through February 2010 [...]

GBP/USD Key Support at 1.5030

The Pound found strong demand at the aforementioned 1.4873 level and has extended a rally towards the previous high just under 1.5200.
Near term bias is slightly turned to the upside as a correction in the pair seems imminent. Medium to longer term continues to be set to the downside on deficit and political concern.
In the [...]

NZD/USD Recovers Above 0.7000

The New Zealand Dollar recovered some the gains lost post-RBNZ rate decision as risk appetite spurred demand for riskier assets.
All eyes will now turn to the U.S. retail sales figures expected to come in on the weak side. Data should help shape the pairs next move.

Trend:
Weekly : Sideways
Daily: Sideways
Hourly: Sideways
Support & Resistance:
From current levels, [...]

EUR/USD Key Resistance Level at 1.3884

The Euro finally broke higher and above the 1.3700 handle as a rise in stocks spurred demand for riskier assets. The S&P500 reached its highest level since October 2008 adding bets a second leg higher may be forthcoming.
Industrial production data out of the euroZone today was also supportive of the pair as it rose by [...]

Intraday Market Update

Stocks rallied in the last hour of trading after struggling through most of the day on disappointing economic data and fears that China will tighten policy. Citigroup led a bank rally today as CEO Vikram Pandit said the bank should be consistently profitable, going forward.
The Dow Jones Industrial Average gained 44.51 points, or 0.42%, to [...]

AUD/USD First Target Met at 0.9145(+20)

AUD/USD rose to an intraday high at 0.9168, to reach our short entry point at 0.9165. First target was met for +20 points (0.9045). Move stops to break even or leave room to breath. Next target 0.9077.
View Original analysis Here.

DISCLAMER: The above post is for information only. Before making your investment decisions please acknowledge that [...]

EUR/USD: U.S. Retail Sales to Guide the Pair (1.3660)

The pair continues to trade within a consolidation range as developments in the EuroZone continue to linger.
Concerns over Greece have eased, helping the Euro hold ground. Focus will now be on the proposed IMF-style institution, economic data from the US and the EuroZone, and performance in stocks.
The ECB is still expected to leave rates unchanged [...]

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