The AUDUSD fell lower today after hitting the key resistance up near 0.9374 as we discussed in our August 28th commentary. Next week, we see potential for continued bearish price action in this market if it can stay contained under that key resistance 0.9374.
Everyone who runs a website has the same thought going through their minds at some point every day – how do I generate more traffic to my site?? Especially when it comes to a small business with a tight SEO/marketing budget! There are a few options that cost money – ie SEO, PPC and banner ads – however there are a few ways to generate traffic without spending any extra money. Let’s review those options! After all, why spend money when you don’t have to?
The euro was the big loser in a week that otherwise saw some profit taking on dollar longs. The first week of September is packed with top tier events as traders return from their vacations. Rate decisions in Australia, Canada, Japan, the UK, and most importantly the euro-zone, and US PMIs
The last US figures for August are out, and they contribute to happy end.
This weeks Free Shirt Friday T-Shirt comes from SEO Rank Monitor.
The US GDP data beat estimates giving boost to the US Dollar which has started to gain strength, rallying against most of its peers. The GBPUSD, EURUSD, NZDUSD have been flirting with 3 month lows riding on the Greenback’s strength
First, you may have seen yesterday the abrupt announcement that Google is, at least for the moment, discontinuing their Authorship functionality for search results and webmaster tools.
Two Important Announcements for Writers
The biggest surprise from US economic indicators came from personal spending, that dropped 0.1% instead of rising by 0.2% as expected. This is the first fall since January. Personal income also disappointed by rising only 0.2% and the Core PCE Price Index did not surprise and rose by 0.1% once again.
US personal spending slides – USD follows but recovers
The Canadian economy grew by 3.1% in the second quarter, better than 2.7% expected. Month over month, we have a growth rate of 0.3%, also better than predicted. It’s important to note that the growth in Q2 came on top of a significant revision of growth in Q1: