Adam Horak's Blog (92)
AUD/USD: Demand is noted at 1.0020. 1.0018 was today's Asian session low.USD/CAD: Bids are tipped near 0.9835 with sell stops touted below 0.9830 (0.9832 was the Feb 4, 33-month low).GBP/USD: Buy St…
USD/CAD: Bids are tipped near 0.9835 with sell stops touted below 0.9830 (0.9832 was the Feb 4, 33-month low).
GBP/USD: Buy Stops are tipped above 1.6120/25
EUR/JPY: Bracketed On 113-Handle
EUR/JPY offers remain ahead of 114.00. Stops above. Bids from around 113.00. Some stops mixed in sub-112.90.
USD/JPY: Bids Firm From 83.50-Area, Offers Pre-84.00. The word is that some $2 yards or so of offers… Continue
Added by Adam Horak on February 17, 2011 at 11:52am — No Comments
feb 3rd fx outlook.
Over night the Green back hit its lowest levels of the year and on to a three month low against most major currencies. As the start of the US session gives way to a better then expected ADP report coming in just ahead of expectations a little life was breathed into the dollar as traders looked for risk aversion into the start of the trading day on a little profit taking for the day.
…
ContinueAdded by Adam Horak on February 2, 2011 at 3:13pm — No Comments
FED buys bonds causing USD and JPY to surge in late morning trading.
At this point… Continue
Added by Adam Horak on September 30, 2010 at 12:11pm — No Comments
FOMC
Release Date: March 16, 2010
For immediate release
Information received since the Federal Open Market Committee met in January suggests that economic activity has continued to strengthen and that the labor market is stabilizing. Household spending is expanding at a moderate rate but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software has risen…
ContinueAdded by Adam Horak on April 6, 2010 at 2:19pm — No Comments
surprise FOMC meeting
Price actions has been mixed today throughout the US session as the FED started its surprise FOMC meeting today at 1530 GMT time. The USD is likely to face increased volatility throughout the first part of the trading week as the FED may look to adjust the discount arte by 25 bps to 0.75% following February’s adjustment. According to the FOMC “these changes are intended as further…
ContinueAdded by Adam Horak on April 5, 2010 at 2:09pm — No Comments
BOJ
The Japanese economy threaten by the continues deflation risks with a continuing decline in prices which increases the pressure on the BOJ to combat the decline in the inflationary rates which affect negatively on the economic recovery for the second largest global economy.
The Japanese economic has announced today the consumer price index during January which fall by %1.3 compared with the pervious decrease by %1.7 and the expectations was leading to a decrease with %1.4, while the…
ContinueAdded by Adam Horak on February 26, 2010 at 12:12am — No Comments
money management formula
Account balance times percent of acceptable loss gives you the amount of money you are willing to lose in a trade divided by the numbers of pips in your stop equals the number of lots you can trade.
This is really is a simple calculation, but a few simple rules too follow.
1) Your account balance; account balance multiplied by no more than .05 equals (5)% of your account balance, which is the most I want to have at risk at any one… Continue
Added by Adam Horak on November 9, 2009 at 2:09pm — No Comments
money management
Most beginning traders believe that a good entry into the market is the key to success. Unfortunately most are very wrong. Money Management is by far the most important criteria of trading, whether it’s stocks, futures or FOREX. Every successful trader will agree that managing your trades correctly is the #1 key to consistent profits.
Loosing a trade or several trades in a row is just part of trading, period! Having a plan and trading your plan is key to… Continue
Added by Adam Horak on November 9, 2009 at 2:07pm — No Comments
Nov 9 outlook
Traders await tomorrows release of the Economic Sentiment report by The German Zentrum für Europäische Wirtschaftsforschung (ZEW).
The report determines the sentiment of German institutional investors over the past month.
The ZEW report, which is concluded from survey of about 350 German institutional investors and analysts, is considered a leading indicator of business conditions.
A higher than expected reading should be taken as… Continue
Added by Adam Horak on November 9, 2009 at 10:53am — No Comments
Nov 4 outlook
The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
A higher than expected rate is positive/bullish… Continue
Added by Adam Horak on November 3, 2009 at 10:32am — No Comments
FOREX outlook Oct 29th
The report is a measure of the number of people who file for unemployment benefits for the first time during the given week. This data is collected by the Department of Labor, and published as a weekly report.
The number of jobless claims is used as a measure of the health of the job market, as a series of increases indicates that there are fewer people being… Continue
Added by Adam Horak on October 28, 2009 at 10:52am — No Comments
FOREX outlook
The meeting gives a picture of economic conditions in the UK, and records the votes of the individual members of the Committee.
If the BOE is hawkish about the inflationary outlook, it should be taken as positive/bullish for the GBP.
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Euro Dollar
The Euro broke the yesterday's resistance… Continue
Added by Adam Horak on October 20, 2009 at 3:12pm — No Comments
sept non farm
The Labor Department said the unemployment rate was the highest since June 1983 and payrolls had now dropped for 21 consecutive months.
As I discused on my daily radio show prior to todays release, I was looking for payrolls to come… Continue
Added by Adam Horak on October 2, 2009 at 8:53am — No Comments
weekly unemployment claims ending Sept 19
SEASONALLY ADJUSTED DATA
In the week ending Sept. 19, the advance figure for seasonally adjusted initial claims was 530,000, a decrease of 21,000 from the previous week's revised figure of 551,000. The 4-week moving average was 553,500, a decrease of 11,000 from the previous week's revised average of 564,500.
The advance seasonally adjusted insured unemployment rate was 4.6 percent for the week ending Sept. 12, a… Continue
Added by Adam Horak on September 24, 2009 at 8:46am — No Comments
New statistics released today by the U.S. Bureau of Economic Analysis show that the slowdown in U.S. economic growth was widespread: 60 percent of metropolitan areas saw economic growth slow down or …
Added by Adam Horak on September 24, 2009 at 8:39am — No Comments
after the Fed, where to next.
Added by Adam Horak on September 23, 2009 at 10:20pm — No Comments
greenback mid day outlook
Added by Adam Horak on September 22, 2009 at 11:10am — No Comments
dollar sell off starts early...
Added by Adam Horak on September 10, 2009 at 10:39pm — No Comments
weekly unemployment claims
SEASONALLY ADJUSTED DATA
In the week ending Sept. 5, the advance figure for seasonally adjusted initial claims was 550,000, a decrease of 26,000 from the previous week's revised figure of 576,000. The 4-week moving average was 570,000, a decrease of 2,750 from the previous week's revised average of 572,750.
The advance seasonally adjusted insured unemployment rate was 4.6 percent for the week ending Aug. 29, a decrease… Continue
Added by Adam Horak on September 10, 2009 at 9:09am — No Comments
Latest Blog Posts
- AUD/USD: Demand is noted at 1.0020. 1.0018 was today's Asian session low.USD/CAD: Bids are tipped near 0.9835 with sell stops touted below 0.9830 (0.9832 was the Feb 4, 33-month low).GBP/USD: Buy St…
- feb 3rd fx outlook.
- FED buys bonds causing USD and JPY to surge in late morning trading.
- FOMC
- surprise FOMC meeting
- FOMC rate decision
- BOJ
Most Popular Blog Posts
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