http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-11-17.htmlLast week’s currency trading review The Dollar continued to lose ground as US stocks markets soared to year highs and Gold traded to fresh all time highs. Economic data was light but multiple FED speakers all re-emphasized that US rates will remain low for some time. Weekly Jobless Claims improved to 502k vs. 512k forecast. Trade Balance -36.5bn vs. -31.8bn forecast. UoM consumer Sentiment fell to 66 vs. 71.1 previously. The Euro was volatile but ended higher as stocks helped to lift whilstTue, 17 Nov 2009 06:41:14 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-11-17.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-11-10.htmlLast week’s currency trading review The Dollar was on the back foot giving up most the of gains from the week before as risk was turned back 'on' after the Federal Reserve kept rates at 0.25% and stated they would keep rates low for an extended period of time. A greater than expected rise in the October Unemployment Rate to 10.2% could not stem the positive sentiment. ISM Manufacturing jumped to 55.7 vs. 52.6 previously. The Euro rebounded off multi week lows at 1.4630 to test 1.4900 on theTue, 10 Nov 2009 06:21:35 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-11-10.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-11-02.htmlLast week’s currency trading review The Dollar even a stunning 3.5% Q3 GDP could not help stock markets finish the week in positive territory as fresh banking concerns caused a spike in risk aversion. The VIX also known as the fear index climbed over 20% on Friday and commodities fell aggressively from recent highs. The Euro fell heavily from the 1.5000 levels as the sentiment turned and key levels were breached. German Unemployment Change was strong at -26k vs. 15k forecast. German RetailMon, 02 Nov 2009 07:16:46 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-11-02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-10-26.htmlLast week’s currency trading review The Dollar lost ground against the Euro and Aussie but was strong against the Yen as traders pared back USD shorts. The CAD had a correction after the BOC released a dovish outlook at their Interest Rate meeting. Strong Chinese data helped Equity Markets with Q3 GDP at 8.9% q/y. Existing Home sales jumped 8.9% in September. The Euro broke above 1.5000 for the first time this year but failed to follow through as the USD found support. Concern about theMon, 26 Oct 2009 07:13:40 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-10-26.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-10-20.htmlLast week’s currency trading review The Dollar retreated across the board as global stocks extended gains. The key 10000 level on the Dow Jones was broken mid week with risk currencies benefiting the most. Core CPI was 0.2% m/m and Unemployment Claims improved to 514k vs. 524k previously. October Preliminary Consumer Confidence fell to 69.4 vs. 73.6 previously. The Euro traded to the mid 1.49 levels as EUR/JPY soared and dollar weakness extended. German Zew survey continued to fall to 56 vs.Tue, 20 Oct 2009 07:38:51 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-10-20.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-09-29.htmlLast week’s currency trading review The Dollar rallied off multi-month lows against a spectrum of currencies to finish on a slightly better footing. The major event risk of the week was the FOMC meeting at which the FED kept rates lows although they upgraded the economic outlook and stated there intention to keep rates low for some time. Speculation from the market that stimulus would have to be withdrawn sooner rather than later helped pare back stock market gains which led to fresh USDTue, 29 Sep 2009 06:07:03 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-09-29.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-09-21.htmlLast week’s currency trading review The Dollar was broadly weak against nearly all currencies for a second week as Gold consolidated gains above $1000 and the Euro and Aussie hit fresh year highs. US stocks markets traded at year highs above 9800 on the Dow Jones. Helping risk sentiment was the large jump in August Retail Sales up 2.7% vs. 2.0% forecast. The Euro traded at 2009 highs of 1.4768 but finished well off these levels on Profit taking into the weekend. EUR/GBP buying help support asMon, 21 Sep 2009 11:08:15 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-09-21.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-09-07.htmlLast week’s currency trading review The Dollar lost ground against risk currencies as the jump in US Unemployment was shrugged off on Friday and stocks finished on a positive note. Some big moves were seen on Tuesday as the stock market took a dive and the Dollar benefited from safe haven flows. The rest of the week saw a return to USD weakness as equities recovered. August Unemployment Rate Jumped to 9.7% vs. 9.4% previously and the net change was -213K vs. -225k forecast. AugustMon, 07 Sep 2009 13:11:28 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-09-07.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-09-01.htmlLast week’s currency trading review The Dollar was mixed with gains on safe haven flows against the GBP and CAD being offset by losses against the Yen. Data wise the US did well with better than forecast Q2 GDP at -1.0% vs. -1.4% expected and New Home Sales jumping 9% in July. The Euro was helped by German Unemployment data showing job creation in July. Somewhat less helpful was the drop in EU CPI dipping to -0.6% vs. -0.4% previously. Large gains were seen against the Hapless GBP with EUR/GBPTue, 01 Sep 2009 12:01:01 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-09-01.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-08-25.htmlLast week’s currency trading review The Dollar finished the week on a low note as the stock market finished at year highs. The catalyst on Friday was a decade high jump in Existing home Sales in July +7%. Also helping on Friday was a speech from Ben Bernanke about the end of the global recession. Most of the week was good for the dollar until these events which forced a massive reversal of fortune. China had multiple stumbles during the week and caused sporadic USD strength on safe havenTue, 25 Aug 2009 11:47:16 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-08-25.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-08-18.htmlLast week’s currency trading review The Dollar was mixed to stronger against most currencies except the Yen which took back all of Non Farm Payrolls gains during the week. Data was a lot weaker than expected with US retail Sales down -0.1% vs. 0.8% forecast and August UoM Consumer Confidence slumping to 63.2 vs. 68.5 forecast. The Fed Meeting was a non event with a slight improvement in economic outlook being countered by a slight extension of the Treasury buying program with the net resultTue, 18 Aug 2009 07:28:21 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-08-18.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-08-11.htmlLast week’s currency trading review The Dollar rebounded against every currency on Friday showing surprising strength after the NFP report resulted in US interest rate hike expectations increasing. The end of the US recession talk also help inspire fresh strength. July Non Farm Unemployment Change was -247k vs. -320k forecast and the Unemployment rate dropped to 9.4% vs. 9.6% forecast. ISM July Manufacturing at 48.9 vs. 44.8 previously and ISM Non Manufacturing at 46.4 vs. 47 previously.Tue, 11 Aug 2009 06:23:39 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-08-11.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-08-04.v02.htmlLast week’s currency trading review The Dollar broke to the downside on the back of soaring global stock markets and extremely strong global data. New Home Sales jumped 10% in June and Q2 GDP beat expectations down -1.0% vs. -1.4% previously. The Dollar was relatively unchanged against its two largest partners in the EURO and YEN but fell significantly against the Risk currencies and Commodities. The Euro tried twice to break above 1.4300 and was repelled making the currency under perform theTue, 04 Aug 2009 11:09:13 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-08-04.v02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-07-28.htmlLast week’s currency trading review The Dollar was under pressure but did not fall as much as the rise in stocks would have predicted with key levels on the EURO and GBP keeping most other currencies rangebound. Traditional risk currencies such as the AUD and CAD were the main gainers at the expense of the safe haven YEN. Existing Home Sales gained to 4.89m vs. 4.72m previously. June Consumer Confidence was also revised higher to 66.0 vs. 64.6 previously. The Euro broke above 1.5250 but didn'tTue, 28 Jul 2009 06:00:09 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-07-28.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-07-21.htmlLast week’s currency trading review The Dollar fell broadly as the stock market rallied over 8% in 5 days of gains that reversed the bearish sentiment and safe haven flows dried up on renewed optimism. US data was strong with Retail Sales in June up 0.6% vs. 0.4% previously. Core CPI was +0.2% m/m as expected and the FOMC minutes focused less on deflation reports. June Building Permits jumped 3.6% to 0.56m vs. 0.52m previously. The Euro gained heavily against the USD and YEN but was outpacedTue, 21 Jul 2009 07:53:05 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-07-21.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-07-14.htmlLast week’s currency trading review The Dollar was stronger against most currencies with the exception of the Yen with USD/JPY making a major move to the downside. The DOW fell 2.6% and Oil slid to the $60 level. ISM Non Manufacturing jumped to 47 vs. 44 previously and added to speculation that the confidence was improving. The G8 meeting took place but little new was announced. The demise of ‘green shoots’ rally was a major theme. July US Consumer Confidence also took a dip to 64.6 vs. 70.9Tue, 14 Jul 2009 10:59:49 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-07-14.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-07-06.htmlLast week’s currency trading review The Dollar gained on the back on the US June Non Farm Payrolls which came in at -467K vs. -375K and changed the mood of the market sending the Dow Jones down over 200 points Thursday. The Unemployment rate increased to 9.5% vs. 9.4% previously. The trading week was shortened by July 4th Holidays on Friday. Also of note was the drop in CB consumer confidence down to 49.7 from 55 previously seen and combined with the Jobs data to send Oil down over 10% fromMon, 06 Jul 2009 14:03:09 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-07-06.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-06-16.htmlLast week’s currency trading review The Dollar managed to stall the recent losses against the Euro but lost more ground against riskier currencies as stock markets tested highs around the world. The break above 10000 on the Nikkei helped most Yen crosses to test fresh year highs. US retail sales were at expectations of 0.5% in May. Also June Consumer Sentiment increased to 69 vs. 68.7 previously. Oil broke above $70 a barrel for the first time this year. The Euro couldn’t muster fresh gainsTue, 16 Jun 2009 12:10:46 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-06-16.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-06-05.htmlLast week’s currency trading review The Dollar continued to be sold off in a broad based fashion after key levels on multiple currencies was breached. South Korean state pension fund exacerbated the negative mood stating that it was planning to reduce exposure to US treasuries. Also hurting was talk that the next BRIC meeting of the world’s biggest commodity bloc will consider de-dollarization as part of its agenda. Q1 GDP was revised lower to -5.7% vs. -6.1%. The Euro broke above 1.4000 andFri, 05 Jun 2009 09:31:33 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-06-05.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-05-26.htmlLast week’s currency trading review The Dollar moved dramatically lower on concerns that the AAA debt rating for the US is not sustainable. The focus was initially on the UK economy when Moody’s put that rating on negative watch. The other major negative USD story was the FOMC minutes which showed expansion of the Fed Bond buying program was a possibility. US April housing starts dropped to 0.46M vs. 0.53M previously. The Euro surged towards the 1.4000 level as the market aggressively sold theTue, 26 May 2009 09:01:42 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-05-26.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-05-19.htmlLast week’s currency trading review The Dollar found a level of support after equities gave up some of the gains in a post stress test comedown. Concerns about GM survivability also helped to pare back risk appetite. On the data front retail sales fell -0.4% vs. 0.0% forecast. April CPI was flat vs. -0.1% drop last week. The Euro fell on profit taking although the market gave up gains only grudgingly. Support at the 200 day moving average at 1.3420 should provide a major test. HurtingTue, 19 May 2009 06:41:05 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-05-19.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-05-12.htmlLast week’s currency trading review The Dollar continued to weaken for the 8th week as the market found more reasons to rally on Economic data and the Bank Stress tests. News that $75 Billion would be needed by the 19 largest US banks was welcomed by the Market and Global stocks continued to soar. Also helping risk appetite was April Non-Farm Payrolls at -539K vs. -590K forecast. The Unemployment rate jumped to 8.9% as forecast. The Euro made large gains after the ECB cut rates on Thursday andTue, 12 May 2009 10:34:14 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-05-12.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-05-06.htmlLast week’s currency trading review The Dollar came under pressure this week as stock markets continued to push for fresh highs and dips were well supported. USD/JPY showed life and provided most of week’s major moves. Economic data continued to beat forecasts, with ISM manufacturing forecast at 40.2 vs. 36.3 previously and CB Consumer confidence at 39.2 vs. 26.9 previously. Q1 GDP was terrible but encouraging for the bulls was the -6.1% y/y print was shrugged off in the equity markets. TheWed, 06 May 2009 06:44:08 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-05-06.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-04-21.htmlLast week’s currency trading review The Dollar had a very mixed week with risk appetite encouraging selling while Euro weakness improved USD demand. The stock market remained buoyant bringing a 6 th week of gains but this failed to translate to fresh gains in risky trades such as the AUD/JPY. US retail salesdropped -1.1% vs. +0.3% forecast and revived fresh concerns about theUS consumer. CPI (Mar) fell -0.1% and raised the question of deflation.Also weaker than expected was IndustrialTue, 21 Apr 2009 06:45:22 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-04-21.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-04-13.htmlLast week’s currency trading review The Dollar struck back at losses seen over the last 2 weeks to gain heavily after better than expected US data led some analysts to see the US coming out of the economic crisis before Japan and Europe. The FOMC minutes talked of more downside risks to the economy with the Fed cutting the GDP 2009-10 outlooks. The Euro was the main currency in the action last week with extreme weakness against some crosses underpinning the concern investors have with the EU.Mon, 13 Apr 2009 06:37:26 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-04-13.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-04-07.htmlLast week’s currency trading review The Dollar finished the weak sharply lower after an action packed week of events. Stock markets around the globe rallied as the G20 met and discussed further ways to help stoke the world economy. On Friday we had the Non Farm Payrolls dropping -663K vs. -654K forecast. The Unemployment Rate jumped to 8.5% vs. 8.1% previously. The Euro was under pressure at the start of the week in anticipation of a 0.5% rate cut and possible ‘unconventional measures” out ofTue, 07 Apr 2009 08:36:35 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-04-07.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-04-01.htmlLast week’s currency trading review The Dollar managed to gain even as risk sentiment improved with the majors givingup some of last weeks large up moves. The Major news that swept themarkets was Treasury Secretary Geithner’s Toxic partnership plan thatled to a 5% rally in Dow Jones. Also helping sentiment was the reboundin housing data with new and existing home both jumping over 5% lastmonth. Of concern late in the week worries about GM and Chrysler’sviability led to a sharp stock pullback.Wed, 01 Apr 2009 09:50:52 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-04-01.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-03-25.htmlLast week’s currency trading review The Dollar accelerated the weakness seen last week as the FED let the market know about a 1 Trillion $USD Quantitative Easing program. Such programs amount to printing money and severely undermined Dollar support as equity continued to rally. The FED held rates at 0.25% band and Core Retail Sales jumped 1.3% vs. -3.1% previously. The Euro surged on the back on the FED QE plan outpacing other currencies as the key 1.31 level gave weigh further adding toWed, 25 Mar 2009 07:43:36 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-03-25.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-03-17.htmlLast week’s currency trading review The Dollar weakened considerable as stock markets around the world reboundedsharply and risk sentiment improved considerably. Data was on the backburner with Retail Sales the main focus slightly better than forecastat -0.1% vs. -0.5% expected. Also showing some improvement the Tradebalance falling to -36Bn in January. The Euro endedmuch stronger at EUR/JPY broke higher and the Dollar weakened. GermanIndustrial Production showed another slump down -7.5% onTue, 17 Mar 2009 11:01:09 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-03-17.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-03-09.htmlLast week’s currency trading review The Dollar finished slightly stronger on the week as stock markets hit new 12 year lows and weak US data kept safe haven flows dominate. US February Nonfarm Payrolls dropped by 650K at expectations but the Unemployment rate increased to 8.1% vs. 7.9% forecast. ISM data was better than forecast with Manufacturing at 35.8 vs. 34.0F and Non Manufacturing at 41.6 vs. 41.2F. Dollar weakness was seen on the commodity front though with Oil rallying above $45 aMon, 09 Mar 2009 06:48:12 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-03-09.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-03-04.htmlLast week’s currency trading review The Dollar continued to strengthen across the board as stocks approached 7000 on the Dow Jones index. US data was weak with CB Consumer Confidence falling to its lowest level on record in February at 25. US Q4 GDP was revised to -6.2% vs. -3.85 initially recorded. Also very weak was housing data with January New Home Sales falling to 309K vs. 344K previously. The Euro ended lower although kept to familiar ranges as EUR/JPY buying was countered by USDWed, 04 Mar 2009 06:56:15 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-03-04.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-02-26.htmlLast week’s currency trading review The Dollar was mixed against the majors with USD strength on the back of risk aversion being countered by concerns of quantitative easing and possible nationalization of banks. Housing starts plummeted to 25 year lows at 0.47m vs. 0.53m forecast. The FOMC minutes contained the usual gloom reports and CPI dropped to 0%y/y during January. Weekly Jobless claims remained high at 627K. The Euro came under pressure due to mounting concerns about eastern EuropeanThu, 26 Feb 2009 06:42:57 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-02-26.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-02-16.htmlLast week’s currency trading review The Dollar managed small gains during the week as the risk aversion theme remained dominant. Treasury Secretary Geithner’s failure to convince the markets of the revised banking bailout plan and the lack of specific details sent the market into freefall. In data releases, Retail Sales beat expectations in January climbing 1.0%. Of Concern though was the drop in Consumer sentiment falling to 56.2 in Feb vs. 61.2 previously. The Euro kept to a tight range withMon, 16 Feb 2009 06:56:05 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-02-16.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-02-10.htmlLast week’s currency trading review The Dollar came under pressure this week as investor sentiment improved on speculation that the Second Stimulus package would be passed quickly through the Senate. Also helping stocks off lows was rumors that the Financial Rescue Plan being developed by new Treasury Secretary Geithner would create a bad bank to hold toxic assets. These developments overshadowed a record drop in employment of -600k in January brining the Unemployment rate to 7.6%. The EuroTue, 10 Feb 2009 07:55:45 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-02-10.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-02-03.htmlLast week’s currency trading review The Dollar continued to be well supported even as the US entered a recession with Q4 GDP dropping -3.8%. Safe Haven Flows continued to support. Other data out included CB Consumer Confidence which dropped to new lows of 37.7 in January and Core Durable Goods falling -3.6% in December. The Euro took another leg lower as market sentiment continued to hurt. George Soros warned about the EURO’s possible demise and the unwinding on the EUR/GBP took another pillarTue, 03 Feb 2009 10:31:20 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-02-03.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-01-27.htmlLast week’s currency trading review The Dollar continued to strengthen against all currencies except the Yen as stocks plumbed new lows for the year. Recession concerns mounted on weekly Jobless claims which jumped to 589K from 545K previously. Building Permits also dropped to .55m vs. .6m forecast. The Dow pivoted 8000. The Euro broke below 1.3000 as GBP weakness dragged the neighbor down. The German Zew Survey improved to -31 from -45.2 previously. EUR/JPY hit multi year lows as stocks cameTue, 27 Jan 2009 07:59:20 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-01-27.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-01-20.htmlLast week’s currency trading review The Dollar was able to make solid gains last week as risk aversion increased and banking concerns reemerged. The market was troubled by Citibank and BoA earnings but received well the news that the second half of the $750 TARP had been approved by the Senate. US stocks finished down -3.7% on the week. December Retail Sales dropped -2.7% vs. -1.2% forecast but CPI kept positive at +0.1% y/y. PPI registered its first negative y/y reading at -0.9% in December.Tue, 20 Jan 2009 06:05:46 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-01-20.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-01-14.htmlLast week’s currency trading review The Dollar had a mixed trading weak gaining against the Euro but falling against the Pound and Yen as the markets recent rally topped out and the downside came back into view. Wednesday’s ADP employment report for December at -700K accelerated the selling pressure which remained into the weekend. The big data release was the Non Farm payrolls which at -525K were not as bad as some feared and allowed the USD to gain as stocks fell. The December UnemploymentWed, 14 Jan 2009 07:01:17 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-01-14.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-01-06.htmlLast week’s currency trading review The Dollar was little last changed over the holiday period with quiet markets. Stocks did experience a rally on the first trading day in 2009 and this helped to improve risk sentiment. On the data front December Consumer confidence slipped to a record low 38 vs. 45.2 previously. Improvement was seen in the weekly Unemployment Claims falling to 492K vs. 586K previously. On Friday we saw the December Manufacturing ISM drop to 32.4 vs. 35.5 previously. The EuroTue, 06 Jan 2009 07:55:30 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2009-01-06.htmlhttp://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2008-12-15.htmlLast week’s currency trading review The Dollar experienced a shift of sentiment as repatriation demand dried up and key technical levels were broken on multiple pairs. General buoyancy in the Equities markets saw safe haven flows decrease but even in moments of heightened concern the USD didn’t gain like previous months raising fears it status as a safe haven was under threat. On the data front Pending home sales fell -0.7% in October vs. -3.2% forecast. The Trade balance deficit widened toMon, 15 Dec 2008 08:01:11 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@easy-forex.com (Easy Forex)http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2008-12-15.html