Sam Shenker is a Technical Currency Analyst for Forex Capital Markets (FXCM). Sam is the author of the Daily and Weekly Technical Research reports at FXCM. His reports include: Daily Technicals, Weekly Crosses and the Weekly Futures Commitment of Traders Report. Prior to joining FXCM, Sam spent a number of years on Wall St and has traded many different products, including: equities, equity derivatives and futures. He also specialized in research and analysis of high yield bonds, corporate bankruptcies, restructurings, reorganizations and venture capital. He holds a Bachelors degree in Finance and Business Management from Pace University and is an active currency trader. Sam is frequently quoted on FXStreet.
US Consumer Prices Fall Most On Record
Consumer prices fell 1.0% in October, which was the biggest decline on record, dragging the annualized inflation rate to 3.7% from 4.9% -- the lowest since last October.
US Consumer Prices Fall Most On Record
Consumer prices fell 1.0% in October, which was the biggest decline on record, dragging the annualized inflation rate to 3.7% from 4.9% -- the lowest since last October.
US Consumer Prices Fall Most On Record
Consumer prices fell 1.0% in October, which was the biggest decline on record, dragging the annualized inflation rate to 3.7% from 4.9% -- the lowest since last October.
US Consumer Prices Fall Most On Record
Consumer prices fell 1.0% in October, which was the biggest decline on record, dragging the annualized inflation rate to 3.7% from 4.9% -- the lowest since last October.
US Dollar Trading Ranges Could Break Amidst US, UK, Canadian Event Risk
Forex market volatility has remained high, but many of the major currency pairs have simply range-traded between key support and resistance levels. Event risk for the US dollar, British pound, and Canadian dollar will pick up quite a bit this week, providing potential for breakouts across the majors.
Euro Forecast Remains Dim On Euro Zone Recession Concerns
Euro forecasts against the US ollar took a turn for the worse on the week, as generally dismal European economic data and further losses in the US Dow Jones Industrials Average led to similar euro-US dollar weakness.
5 Key Events For The Currency Market This Week
Given the mounting fears of a global recession, indicators of economic growth have been drawing quite a bit of attention lately. As a result, the release of Euro-zone Q3 GDP and US retail sales along with speeches by Fed Chairman Bernanke and ECB President Trichet are sure to make the headlines and spur volatility in the forex markets this week.
Larry Connors is a 22-year veteran of Wall Street. He was a vice president with Donaldson Lufkin and Jenrette, before starting his own trading and information companies. He is CEO and founder of TradingMarkets.com and is author of numerous books on trading including Street Smarts (with Linda Raschke) which was selected by Stocks and Commodities Magazine as one of the classics of the past century.
Sam Shenker is a Technical Currency Analyst for Forex Capital Markets (FXCM). Sam is the author of the Daily and Weekly Technical Research reports at FXCM. His reports include: Daily Technicals, Weekly Crosses and the Weekly Futures Commitment of Traders Report. Prior to joining FXCM, Sam spent a number of years on Wall St and has traded many different products, including: equities, equity derivatives and futures. He also specialized in research and analysis of high yield bonds, corporate bankruptcies, restructurings, reorganizations and venture capital. He holds a Bachelors degree in Finance and Business Management from Pace University and is an active currency trader. Sam is frequently quoted on FXStreet.
