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Swiss gold vote has potential to unsettle forex markets

Swiss gold vote has potential to unsettle forex markets

Nov 20, 2014 17:11
A public referendum to be held on November 30 in Switzerland over whether the Swiss National Bank should have 20% of its holdings in gold could create volatility for CHF and...

Majors»

USD/JPY Forecast Nov. 17-21

USD/JPY Forecast Nov. 17-21

Nov 16, 2014 13:35
The US dollar continues to hammer the yen, as USD/JPY jumped about 160 points last week. The yen is in free-fall, having lost a staggering 900 points in the past three weeks. This...
  • EUR/USD Forecast Nov. 17-21
    EUR/USD Forecast Nov. 17-21
    EUR/USD traded well within known ranges, supported by some news of growth. A busy week awaits us with an important...
    on Nov 15, 2014 15:00
  • Forex Weekly Outlook Nov. 17-21
    Forex Weekly Outlook Nov. 17-21
    The US dollar had a mixed week, ending higher against the yen and the pound while retreating against the euro and...
    on Nov 14, 2014 16:31
  • GBP/USD Forecast November 10-14
    GBP/USD Forecast November 10-14
    The British pound continues to slide, as GBP/USD lost about 100 points for a second straight week. The pair closed...
    on Nov 9, 2014 18:39

Minors»

AUD/USD Forecast Nov. 17-21

AUD/USD Forecast Nov. 17-21

Nov 16, 2014 18:27
AUD/USD bounced back last week, gaining close to 100 points. The pair closed at 0.8736. This week has six events, led by the RBA minutes. Here is an outlook on the major...
  • GBP/USD Forecast Nov. 17-21
    GBP/USD Forecast Nov. 17-21
    The British pound lost over 200 points last week, closing at 1.5658. This is the GBP/USD’s lowest level...
    on Nov 16, 2014 16:43
  • NZD/USD Forecast Nov. 17-21
    NZD/USD Forecast Nov. 17-21
    The New Zealand dollar had a positive week, climbing back up. Is 0.80 within sight? The main event is the release...
    on Nov 16, 2014 11:40
  • USD/CAD Forecast Nov. 17-21
    USD/CAD Forecast Nov. 17-21
    The Canadian dollar posted modest gains last week, as USD/CAD closed the week at 1.1286. This week’s highlights...
    on Nov 16, 2014 11:25

Basics & Industry»

The Hollywood Indicator

The Hollywood Indicator

Nov 12, 2014 12:51
It is no secret that we traders love it when Hollywood takes a look at our industry, even when we consider that mostly, the treatise will not be complimentary. Is this some...

Recent Articles

Swiss gold vote has potential to unsettle forex markets

Swiss gold vote has potential to unsettle forex markets

A public referendum to be held on November 30 in Switzerland over whether the Swiss National Bank should have 20% of its holdings in gold could create volatility for CHF and of course gold. If the Swiss vote for the SNB to hold more gold that would send gold prices higher, whilst pushing CHF lower

Yen Continues Slide as Market Prepares for Abe Election Victory

Yen Continues Slide as Market Prepares for Abe Election Victory

The Japanese yen pushed to another 7-year-high on expectations that Prime Minister Abe will win re-election in December and his Liberal Democratic Party will have to ease further to get inflation on track. Economic data was limited overnight as a slew of European manufacturing and services PMIs paced the market, but it was more yen

US inflation at 1.7%, core 1.8% – more than expected, jobless claims 291K – USD higher

US inflation at 1.7%, core 1.8% – more than expected, jobless claims 291K – USD higher

US inflation came out above expectations: unchanged m/m and 1.7% y/y. Core inflation rose 0.2% and 1.8% y/y. All the numbers are 0.1% above expectations. Weekly jobless claims are at 291K, worse than expected. Continuing claims are at 237.43K The US dollar is stronger after the publication, despite the small disappointment in jobless claims. The greenback is slightly stronger

What’s Next For USD Bull Market, EUR/USD, & USD/JPY? – Goldman

What’s Next For USD Bull Market, EUR/USD, & USD/JPY? – Goldman

EUR/USD paused its fall and is looking for a direction while USD/JPY is going vertical. These major pairs may have a longer way to go in favor of the dollar. The team at Goldman Sachs looks at the bigger picture: Here is their view, courtesy of eFXnews: “USD strength has been a feature of our

EUR/USD Nov. 20 – Sliding to 1.25 on FOMC minutes, weak PMIs

EUR/USD Nov. 20 – Sliding to 1.25 on FOMC minutes, weak PMIs

EUR/USD was unable to break higher above 1.2570 and found its way down and for good reasons. The FOMC Meeting Minutes were indeed somewhat more dovish than the statement, but only just. The dollar fell only temporarily. From the euro-zone, weakness came from PMIs, with German manufacturing being especially worrying. It is still a very busy

Fed concerned with the global economy

Fed concerned with the global economy

The minutes to the October FOMC meeting in the US reflected a greater concern with the global economy, a theme that has become increasingly prevalent in recent weeks. There was also an increased focus on inflation expectations against this background of slower growth. In addition, there was a wider discussion regarding the Fed’s continued pledge

UK retail sales jump 0.8% – GBP/USD follows

UK retail sales jump 0.8% – GBP/USD follows

Pound sterling gets another boost from the domestic economy: a gain of 0.8% in retail sales, better than 0.3% expected. Year over year, this is a rise of 4.3%, better than 3.8% predicted. Core retail sales rose 0.8% and y/y 4.6%. The negative points are that the previous data was revised to the downside, with monthly

German PMIs disappoint – EUR/USD slides

German PMIs disappoint – EUR/USD slides

The markets ignored weakness in French manufacturing PMI, but it is sliding on German manufacturing PMI that stands on 50 flat – no growth, vs. 51.5 expected. Services is also below expectations at 52.1 instead of 54.5 expected. The composite PMI is naturally below predictions. EUR/USD slides in range, falling away from the 1.2570 line to below 1.2550,

FOMC Minutes: USD unable to sell off on dovish tilt – a sign – BofA Merrill

FOMC Minutes: USD unable to sell off on dovish tilt – a sign – BofA Merrill

The FOMC Meeting Minutes were more dovish than the original statement in late October. However, it is hard to say that the dollar sold off following the release. The team at BofA Merrill has 4 takeaways from the minutes: Here is their view, courtesy of eFXnews: The US dollar was little changed, on net, following the release of

GBP/USD: Trading the British Retail Sales

GBP/USD: Trading the British Retail Sales

British Retail Sales is considered one of the most important indicators of consumer spending. A reading that is higher than the market forecast is bullish for the British pound. Update: UK retail sales jump 0.8% – GBP/USD follows Here are all the details, and 5 possible outcomes for GBP/USD. Published on Friday at 9:30 GMT.  Indicator Background