Forex Crunch http://www.forexcrunch.com Forex Trading with a Personal Touch Wed, 23 May 2012 14:21:01 +0000 en hourly 1 http://wordpress.org/?v= ForexCrunchhttp://feedburner.google.com FX Solutions Awarded 3 Times at Middle Eastern Expos http://feedproxy.google.com/~r/ForexCrunch/~3/_dUsZB2Ka9o/ http://www.forexcrunch.com/fx-solutions-awarded-3-times-at-middle-eastern-expos/#comments Wed, 23 May 2012 14:21:01 +0000 Yohay http://www.forexcrunch.com/?p=35753 Forex broker FX Solutions received 3 significant awards in two separate Middle Eastern events. Two awards were won in Jordan and one in Saudi Arabia. 

In the interview I had with Michael Cairns, CEO of FX Solutions, he mentioned growth in Middle East operations.

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]]> http://www.forexcrunch.com/fx-solutions-awarded-3-times-at-middle-eastern-expos/feed/ 0 http://www.forexcrunch.com/fx-solutions-awarded-3-times-at-middle-eastern-expos/ EUR/USD May 23 Can EU Summit Ease Market Jitters? http://feedproxy.google.com/~r/ForexCrunch/~3/Sk9I0vT9wlY/ http://www.forexcrunch.com/eurusd-may-23-can-eu-summit-ease-market-jitters/#comments Wed, 23 May 2012 09:50:58 +0000 kenny http://www.forexcrunch.com/?p=35748 The euro continues to slide, as the currency is dropping close to levels not seen since August 2010. With the EU Summit underway, the markets will be hoping that there are some tangible results and not just handshakes and hugs. The leaders will need to reach some compromise on how to fix the crisis gripping the Euro-zone. With all the bad news coming out of the Euro-zone, the markets finally had something to cheer about this morning, with a sparkling Euro-zone Current Account. The indicator posted a reading of  9.1 Billion, its best performance in over five years. Will the ailing euro respond? Today’s key release is US New Home Sales, a key indicator.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

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]]> http://www.forexcrunch.com/eurusd-may-23-can-eu-summit-ease-market-jitters/feed/ 0 http://www.forexcrunch.com/eurusd-may-23-can-eu-summit-ease-market-jitters/ GBP/USD Digs Lower on Terrible Retail Sales http://feedproxy.google.com/~r/ForexCrunch/~3/RLfwZllHFh4/ http://www.forexcrunch.com/gbpusd-digs-lower-on-terrible-retail-sales/#comments Wed, 23 May 2012 08:32:23 +0000 Yohay http://www.forexcrunch.com/?p=35747 The volume of retail sales in the UK dropped sharply in April, by 2.3%, much worse than a drop of 0.8% that was expected.

GBP/USD, which already dropped beforehand below 1.5720, dipped below 1.57 and reached 1.5675. The move is still going on.

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]]> http://www.forexcrunch.com/gbpusd-digs-lower-on-terrible-retail-sales/feed/ 0 http://www.forexcrunch.com/gbpusd-digs-lower-on-terrible-retail-sales/ The Dollar keeps its head up http://feedproxy.google.com/~r/ForexCrunch/~3/E7H07Fr8IPc/ http://www.forexcrunch.com/the-dollar-keeps-its-head-up/#comments Wed, 23 May 2012 08:16:32 +0000 Yohay http://www.forexcrunch.com/?p=35745 The dollar index made a new high for the year yesterday, 3.8% higher than the level seen at the start of the month.  This follows on from two sessions of downward pressure on the dollar, which was more down to the extent of short positioning on some of currencies under pressure for most of the month. 

As we start the European session, EUR/USD itself is not that far off the lows for the year at 1.2624 as EU leaders meet for an informal summit in Brussels.  Germany is looking increasingly isolated with its austerity – with no Plan B stance – and continues to rule out any sort of common debt for the eurozone.

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]]> http://www.forexcrunch.com/the-dollar-keeps-its-head-up/feed/ 0 http://www.forexcrunch.com/the-dollar-keeps-its-head-up/ OANDA has a New CEO: K Duker http://feedproxy.google.com/~r/ForexCrunch/~3/DuIAiCkakQM/ http://www.forexcrunch.com/oanda-has-a-new-ceo-k-duker/#comments Wed, 23 May 2012 08:13:02 +0000 Yohay http://www.forexcrunch.com/?p=35742 The largest forex broker in the US, Oanda, has a new CEO: K. Druker. He replaces long running CEO Michael Stumm after over 20 years in this position. Stumm remains on the board. The move is effective immediately.

Duker’s expertise is in the Asia-Pacific region, where he worked as a managing director for OANDA and beforehand has the of Deutsche Bank’s eFX business in this region.

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]]> http://www.forexcrunch.com/oanda-has-a-new-ceo-k-duker/feed/ 0 http://www.forexcrunch.com/oanda-has-a-new-ceo-k-duker/ GBP/USD: Trading the British GDP http://feedproxy.google.com/~r/ForexCrunch/~3/hoeKP3kIWoc/ http://www.forexcrunch.com/gbpusd-trading-the-british-gdp-4/#comments Wed, 23 May 2012 07:10:05 +0000 kenny http://www.forexcrunch.com/?p=35740 The British Gross Domestic Product (GDP) provides a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is higher than the market forecast is bullish for the British pound.

Here are all the details, and 5 possible outcomes for GBP/USD.

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]]> http://www.forexcrunch.com/gbpusd-trading-the-british-gdp-4/feed/ 0 http://www.forexcrunch.com/gbpusd-trading-the-british-gdp-4/ Forex Daily Outlook May 23 2012 http://feedproxy.google.com/~r/ForexCrunch/~3/eANmuBiZywE/ http://www.forexcrunch.com/forex-daily-outlook-may-23-2012/#comments Tue, 22 May 2012 21:00:25 +0000 anat http://www.forexcrunch.com/?p=35739 New Home Sales in the US and Retail Sales in the UK are the main events today.  Here is an outlook on the market-movers awaiting us

In the US, USD, New Home Sales, measures the number of new homes sold on the last month, rise is forecasted from 328K up to 335K

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]]> http://www.forexcrunch.com/forex-daily-outlook-may-23-2012/feed/ 0 http://www.forexcrunch.com/forex-daily-outlook-may-23-2012/ Top 5 Characteristics of a Successful Forex Trader http://feedproxy.google.com/~r/ForexCrunch/~3/8iHwK_TDfWw/ http://www.forexcrunch.com/top-5-characteristics-of-a-successful-forex-trader/#comments Tue, 22 May 2012 14:51:03 +0000 Yohay http://www.forexcrunch.com/?p=35734 Not anybody can be a Forex trader. Trading occasionally, as a side income or professionally requires certain skills and characteristics.

Are you up for it? Here are 5 critical traits that any trader needs.

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]]> http://www.forexcrunch.com/top-5-characteristics-of-a-successful-forex-trader/feed/ 0 http://www.forexcrunch.com/top-5-characteristics-of-a-successful-forex-trader/ US Existing Home Sales Tick Up http://feedproxy.google.com/~r/ForexCrunch/~3/DfrnzhrUseg/ http://www.forexcrunch.com/us-existing-home-sales-ticks-up/#comments Tue, 22 May 2012 14:07:59 +0000 Yohay http://www.forexcrunch.com/?p=35736 US Existing Home Sales ticked up to an annual pace of 4.62 million units. This is from 4.47 million last month. This is within expectations. 

EUR/USD is reacting positively to the news, moving up from the lows of the day, but well within the recent range. This is a “risk on” reaction. USD/JPY is on the rise as well.

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]]> http://www.forexcrunch.com/us-existing-home-sales-ticks-up/feed/ 0 http://www.forexcrunch.com/us-existing-home-sales-ticks-up/ USD/CAD: Trading the US New Home Sales http://feedproxy.google.com/~r/ForexCrunch/~3/RTqMXE-4_Qs/ http://www.forexcrunch.com/usdcad-trading-the-us-new-home-sales/#comments Tue, 22 May 2012 12:08:06 +0000 kenny http://www.forexcrunch.com/?p=35735 USD/CAD: Trading the US New Home Sales

The US New Home Sales report is a leading indicator for measuring activity in the housing sector, a critical component of the economy. A higher reading than the market forecast is bullish for the US dollar.

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