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Yellen run down, oil running down, Russian run and the currency down under

Yellen run down, oil running down, Russian run and the currency down under

Dec 19, 2014 09:00
It’s hard to believe the holidays are here with so much action in the markets. We try to make sense of it all by understanding the different elements of the important...

Majors»

Forex Weekly Outlook December 22-26

Forex Weekly Outlook December 22-26

Dec 19, 2014 15:05
GDP data from Canada and the US, US Durable Goods Orders, New Home Sales, Unemployment claims, Haruhiko Kuroda’s speech are the major topics in Forex calendar. heck out...
  • GBP/USD Forecast Dec. 15-19
    GBP/USD Forecast Dec. 15-19
    The British pound posted strong gains last week, as GBP/USD climbed about 120 points. The pair closed just shy...
    on Dec 14, 2014 19:25
  • USD/JPY Forecast Dec. 15-19
    USD/JPY Forecast Dec. 15-19
    USD/JPY continues to show movement in December, as the yen gained close to 300 points last week. This week’s...
    on Dec 14, 2014 16:17
  • EUR/USD Forecast Dec. 15-19
    EUR/USD Forecast Dec. 15-19
    EUR/USD experienced new lows but made a big comeback, riding on USD weakness . In the last full week of the year,...
    on Dec 13, 2014 12:30

Minors»

NZD/USD Forecast Dec. 15-22

NZD/USD Forecast Dec. 15-22

Dec 14, 2014 20:19
The New Zealand dollar reached new lows but certainly managed to recover, thanks to the RBNZ. We now have quarterly GDP among other events in a busy week for the kiwi. Here...
  • AUD/USD Forecast Dec. 15-19
    AUD/USD Forecast Dec. 15-19
    The Australian dollar lost more ground last week, as AUD/USD dropped to its lowest level since June 2010. The...
    on Dec 14, 2014 13:08
  • USD/CAD Forecast Dec. 15-19
    USD/CAD Forecast Dec. 15-19
    The Canadian dollar resumed its losing ways, dropping over 100 points last week. USD/CAD closed the week...
    on Dec 14, 2014 11:36
  • AUD/USD Forecast Dec. 8-12
    AUD/USD Forecast Dec. 8-12
    The Australian dollar lost over 100 points last week, as AUD/USD dropped to its lowest level since July 2010....
    on Dec 7, 2014 11:29

Basics & Industry»

Interview with Itai Furman, Run down of TLTRO, NFP and oil – Market Movers #28

Interview with Itai Furman, Run down of TLTRO, NFP and oil – Market Movers #28

Dec 12, 2014 08:23
Itai Furman, a treasurer at Intel, lays out his views on investing, market liquidity, the impact of the Fed on money markets and lots more. In addition to his interesting...

Recent Articles

Forex Weekly Outlook December 22-26

Forex Weekly Outlook December 22-26

GDP data from Canada and the US, US Durable Goods Orders, New Home Sales, Unemployment claims, Haruhiko Kuroda’s speech are the major topics in Forex calendar. heck out these events on our weekly outlook. Last week, Federal Reserve Chair Janet Yellen switched the phrase “considerable time” with the word “patience” in referral to rate hikes, at

Closing last full trading week of 2014

Closing last full trading week of 2014

We reach the last day of the last full trading week of 2014. Yesterday was all about equities and the reversal of some of the recent losses in the wake of the FOMC press conference. We’ve seen these gains mirrored in Asia, which should provide a firmer open in Europe. Some stability has emerged on

Yellen run down, oil running down, Russian run and the currency down under

Yellen run down, oil running down, Russian run and the currency down under

It’s hard to believe the holidays are here with so much action in the markets. We try to make sense of it all by understanding the different elements of the important Fed decision, the impact of oil prices various countries, a focus on Russia’s ruble, the resulting emergency SNB decision and the fate of the currency

Patient Fed No Match For Strong Dollar ; SNB Goes Negative

The US dollar is on the rise one day after the Federal Reserve struck a more cautious tone with respect to 2015 interest rate increases. At the final policy meeting of the year, Chairman Janet Yellen and her colleagues took a delicate step toward raising rates, confirming the central bank was on course, though not

Cheap oil good for consuming countries, but won’t help EUR or JPY

Cheap oil good for consuming countries, but won’t help EUR or JPY

Cheap oil is good for the economies of the US, Europe and Japan and the recent plunge in prices should support the USD, but for the EUR and JPY the dynamics are more nuanced. The interpretation many commentators are drawing from plunging oil and commodity prices is that the global economy is slowing and that

Philly Fed Manufacturing Index slides to 24.5 points

Philly Fed Manufacturing Index slides to 24.5 points

The Philly Fed number dropped from the very high levels and hit 24.5 points, slightly below expectations but still a positive score. This is the number for December. The Philly Fed manufacturing index was expected to slide from the sky high level of 40.8 to 26.3 points this time. Among the components, we have a

EURUSD has more room to fall; USDJPY could extend gains soon – Elliott Wave Analysis

EURUSD has more room to fall; USDJPY could extend gains soon – Elliott Wave Analysis

On EURUSD we have seen a strong sell-off yesterday after the FED said that rates are rising in 2015. So, traders are positioned for long USD on speculation for higher rates which is obviously good for the buck. On the intraday chart of EURUSD we see a bearish impulse in progress with room for more weakness

Glory Days for USD: Strength Set To Extend – Goldman Sachs

Glory Days for USD: Strength Set To Extend – Goldman Sachs

Goldman Sachs is certainly bullish on the US economy and the consequent US dollar strength. They see more “glory days” for the greenback and set targets for EUR/USD and USD/JPY: Here is their view, courtesy of eFXnews: In its last ‘Global Economics Weekly’ note for this year, Goldman Sachs makes the case for a stronger

EURUSD, GBPUSD, USDJPY TA & Pivot Points – Dec. 18 2014

EURUSD, GBPUSD, USDJPY TA & Pivot Points – Dec. 18 2014

EURUSD Daily Pivots R3 1.2657 R2 1.2586 R1 1.2463 Pivot 1.2391 S1 1.2269 S2 1.2196 S3 1.2074   EURUSD failed to break above the resistance of 1.257 levels and promptly shifted lower and is currently supported by the falling trend line. If this level holds, we could see a move higher, preferably above 1.23695 which

Russian ruble stabilizes

Russian ruble stabilizes

In 564 words, the US Federal Reserve yesterday told us that policy may rise next year, but it may not. The pre-meeting speculation centred around their stated intention to keep rates near zero “for a considerable period”. Now, they can be “patient” in normalising policy, but state that this consistent with their previous language. So,