Simultaneous Release at www.thegeekknows.com

Follow me on twitter

Good day to all. Hope your weekend is fine so far.

This week was an interesting week.

After the EUR/USD sliced through the bullish trendline from March 09, there was no turning back.

Riding on further positive news from the US, the week was mostly a bearish one.

I mentioned in one of my EUR/USD Daily Review an observation that i made and i would like to reiterate it here again. While the EUR/USD and in a greater picture the US Dollar gained, the S&P 500 stood it’s ground. This suggest that the recent move may be due to the confidence in the US which is a return to the fundamental theme instead of the risk aversion theme. This is something that i will be observing closely as this will affect how we interpret economic releases.

Commodities like oil and gold dropped in value as these are priced in US Dollars. Furthermore, risk seekers may be exiting these low yield and hence relatively safer assets in search of higher yield assets.

One of the highlight this week was the great US Retail Sales results and the subsequent US Dollar rally. Keep a look out for next month’s US Retail Sales as the Christmas / new year festive period may bring a boost to the retail industry. If the fundamental theme is still around then, we may see further US Dollar strength.

Next week presents us a couple of German sentiment reports. These are reports that are highly regarded and hence we may see some spikes. On the US side, releases are stacked pretty high with the likes of the US Producer Price Index during the early week and the Federal Fund Rate in the later half. You can view the economic calender i have for you koalas below for a quick reference.

From a technical point of view, poor economic performance from the US or great performance from the EURO Zone may result in bullish advances towards 1.4800/40+. Likewise, poor economic performance from the EURO Zone or great performance in the US may give the bears an opportunity to test a previous low at 1.4480+.

Trade safe and remember to plan your trades.

Stay tuned next week for another EUR/USD Weekly Review.

Read more Forex Articles and Views by The Koala at www.thegeekknows.com

Follow me on twitter

Good day to all. Hope your weekend is fine so far.

This week was an interesting week.

After the EUR/USD sliced through the bullish trendline from March 09, there was no turning back.

Riding on further positive news from the US, the week was mostly a bearish one.

I mentioned in one of my EUR/USD Daily Review an observation that i made and i would like to reiterate it here again. While the EUR/USD and in a greater picture the US Dollar gained, the S&P 500 stood it’s ground. This suggest that the recent move may be due to the confidence in the US which is a return to the fundamental theme instead of the risk aversion theme. This is something that i will be observing closely as this will affect how we interpret economic releases.

Commodities like oil and gold dropped in value as these are priced in US Dollars. Furthermore, risk seekers may be exiting these low yield and hence relatively safer assets in search of higher yield assets.

One of the highlight this week was the great US Retail Sales results and the subsequent US Dollar rally. Keep a look out for next month’s US Retail Sales as the Christmas / new year festive period may bring a boost to the retail industry. If the fundamental theme is still around then, we may see further US Dollar strength.

Next week presents us a couple of German sentiment reports. These are reports that are highly regarded and hence we may see some spikes. On the US side, releases are stacked pretty high with the likes of the US Producer Price Index during the early week and the Federal Fund Rate in the later half. You can view the economic calender i have for you koalas below for a quick reference.

From a technical point of view, poor economic performance from the US or great performance from the EURO Zone may result in bullish advances towards 1.4800/40+. Likewise, poor economic performance from the EURO Zone or great performance in the US may give the bears an opportunity to test a previous low at 1.4480+.

Trade safe and remember to plan your trades.

Stay tuned next week for another EUR/USD Weekly Review.

If you are looking for more Forex articles, Casey tackles the EUR/USD at his blog while Forex Crunch covers most of the currency pairs!