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22

Dec

The Week Ahead - Holiday Time?

Posted by Jerry Furst  Published in FX, Forex, Fundamental Analysis, GDP, News: Scheduled and Breaking, currency trading, economic calendar

Festival of Lights - Happy Happy - Joy Joy

Holiday Greetings to All - The Calendar is light this week - as it should be - and to give the volatile markets a much needed rest and break - but will the volatility calm down as the banks and corporations around the world turn off the office lights? A Happy Hanukkah to all celebrating the festival of lights.

Light News Calendar

There are several GDP Reports scheduled to be released for the US, UK, Canada, and New Zealand. Will the numbers really be a surprise to anyone if they come out a bit worse than expected?

Tuesday will have the UK GDP released at 4:30 EST and can serve as a heads up as to the volatility for the US GDP at 8:30 EST.  Other news on Tuesday for the US include Consumer Sentiment, New and Existing Home Sales Data, and Investor Confidence all coming out at 10 EST.

Wednesday has Jobless claims- Durable Goods - and Personal Income and Spending Data also clustered at 8:30 EST. The EIA will release both Petroleum and Natural Gas data on Wednesday to accommodate the Christmas Holiday on Thursday.  Canada releases GDP data at 8:30 on Wednesday.

For more scheduled news events … Check out my consolidated event calendar and

You are invited to attend my weekly webinar “The Week Ahead” to register click the link below.

The Week Ahead Calendar and Webinar - Click Here

Jerry Furst  is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients  Click Here for a Free Self Evaluation Survey.

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15

Dec

FOMC Announcement - Drop Rates to Zero?

Posted by Jerry Furst  Published in Aussie, Canadian, Fundamental Analysis, News: Scheduled and Breaking, Technical Analysis, charts, economic calendar, fomc, interest rates, webinar
By Jerry Furst- Sr Analyst “1st on Forex”
at Investors Education Network.com

Bens Last Hurrah?

After Tuesday’s meeting - The next scheduled FOMC meeting is January 28, will there be a new Fed Chairman at the helm, or will Bernanke be held over? Will there be any more rate cuts available at that time? There are expectations that rates could be lowered to 0.25% - making the US rates even lower than Japan.

The Dollar Continues to Give Up Ground

USD-CAD 30 Min Chart - (Click To Enlarge)
Shows continuing downslide after Triangle Break last week.

 

AUD-USD 30 Minute Chart (Click to Enlarge)

Continuing Up Trend Channel

***  Attend A Free Live Market Coverage and Technical Analysis Webinars ***

FOMC Live Webinar Tue December 16  - Click Here to Register

The “1st on Forex”  Week Ahead Condensed Economic Calendar-  Click Here

Jerry Furst  is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients  Click Here for a Free Self Evaluation Survey.

 

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