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ECB Preview: Draghi to hit the euro when it’s down? 5 topics to watch out for

ECB Preview: Draghi to hit the euro when it’s down? 5 topics to watch out for

Oct 1, 2014 16:56
The euro has certainly fallen, but this isn’t reflected in inflation. Will Draghi call for patience, expressing optimism but risking a rise in the value of the euro?...

Majors»

GBP/USD Forecast Sep. 29-Oct. 3

GBP/USD Forecast Sep. 29-Oct. 3

Sep 28, 2014 22:02
The British pound ended the week with slight losses, as GBP/USD closed the week at 1.6234. This week’s key events are Current Account and the PMI releases. Here...
  • USD/JPY Forecast Sep. 29-Oct. 3
    USD/JPY Forecast Sep. 29-Oct. 3
    USD/JPY was almost unchanged last week, as the pair closed at 109.22. The upcoming week has 10 events, led by...
    on Sep 28, 2014 18:48
  • EUR/USD Forecast Sep. 29 – Oct. 3
    EUR/USD Forecast Sep. 29 – Oct. 3
    EUR/USD continued deteriorating and broke down to the lowest levels since November 2012. Is it getting close to...
    on Sep 27, 2014 15:00
  • Forex Weekly Outlook Sep 29-Oct 3
    Forex Weekly Outlook Sep 29-Oct 3
    The US dollar had another superb week, crushing its peers. A rate decision in the euro-zone, US Consumer confidence,...
    on Sep 26, 2014 17:56

Minors»

AUD/USD Forecast Sep. 29-Oct. 3

AUD/USD Forecast Sep. 29-Oct. 3

Sep 28, 2014 12:37
The Australian dollar continues to sag, as AUD/USD lost close to 200 points last week. The upcoming week promises to busy, with three major events on the calendar –...
  • NZD/USD Forecast Sep. 29 – Oct. 3
    NZD/USD Forecast Sep. 29 – Oct. 3
    The New Zealand dollar accelerated its losses and closed the week with a 3% drop well below 0.80 in one of the...
    on Sep 28, 2014 09:50
  • USD/CAD Forecast Sep. 29-Oct. 3
    USD/CAD Forecast Sep. 29-Oct. 3
    The Canadian dollar dropped sharply last week, surrendering about 200 cents against the US dollar. USD/CAD closed...
    on Sep 28, 2014 00:00
  • AUD/USD Forecast Sep. 22-26
    AUD/USD Forecast Sep. 22-26
    AUD/USD continued its losing ways last week, losing close to 100 points, as the pair closed at 0.8922. AUD/USD...
    on Sep 21, 2014 16:23

Basics & Industry»

Market Movers Episode #18: Questions for every trader and a preview for October’s big events

Market Movers Episode #18: Questions for every trader and a preview for October’s big events

Oct 1, 2014 10:47
Are you really prepared to trade? We ask some questions you should ask yourself as well, before diving into the big events of October, which is a very promising month, especially...

Recent Articles

Market Movers Episode #18: Questions for every trader and a preview for October’s big events

Market Movers Episode #18: Questions for every trader and a preview for October’s big events

Are you really prepared to trade? We ask some questions you should ask yourself as well, before diving into the big events of October, which is a very promising month, especially on the background of September’s turmoil. Welcome to a new episode of Market Movers, presented by Lior Cohen of Trading NRG and Yohay Elam of

Dollar unmoved by strong ADP  release

Dollar unmoved by strong ADP release

Once again, the ECB finds itself with a great weight of expectations upon its shoulders ahead of its policy meeting today. This week has seen both further falls in inflation and yesterday saw weaker than expected PMI data for the Eurozone and particularly Germany, which saw the manufacturing reading fall to a 15 month low.

EUR/USD Sep. 2 – Getting of a sense of high ground ahead of Draghi

EUR/USD Sep. 2 – Getting of a sense of high ground ahead of Draghi

EUR/USD has seen some excitement, with a rise to 1.2673 and a slide all the way back down to the previous range. A weak figure from the US already accumulated into a significant correction for the US dollar. Is the pair changing direction or is it just a correction? A lot depends on Mario Draghi. The ECB meeting

USD finally corrects – AUD hits resistance, USD/JPY loses 109

USD finally corrects – AUD hits resistance, USD/JPY loses 109

The weak ISM manufacturing PMI was the straw that broke the camel’s back: after the dollar withstood quite a few disappointing indicators, it surrendered to the latter one and sold off across the board. Is this a turnaround or just a correction that has already come to an end? We will know soon enough. The Australia

Weak ISM Manufacturing PMI already accumulates to a darker picture for USD

Weak ISM Manufacturing PMI already accumulates to a darker picture for USD

The US ISM manufacturing PMI disappointed with a drop to 56.6 points, significantly below the 58.6 points expected by the markets. The employment component, relevant for the Friday’s NFP, was also below last month’s number. While the dollar remains strong, the weak PMI joins mostly negative US releases this week and opens the door for a correction. Also

ECB Preview: Draghi to hit the euro when it’s down? 5 topics to watch out for

ECB Preview: Draghi to hit the euro when it’s down? 5 topics to watch out for

The euro has certainly fallen, but this isn’t reflected in inflation. Will Draghi call for patience, expressing optimism but risking a rise in the value of the euro? Or will he keep pushing the “ready to do more” mantra and hit the euro when it’s down, sending EUR/USD to the comfort zone closer to 1.20? Here

ADP a Snoozer; Greenback Still in Vogue

ADP a Snoozer; Greenback Still in Vogue

The prevailing theme in financial markets as of late is once again asserting itself this morning, with global economic weakness lending to the greenback’s outperformance as broad-based USD strength dominates the tape.  Managing to shrug off yesterday’s weaker than anticipated Chicago PMI and Consumer Confidence readings as potential outliers, the main event risk on the

ADP Non-Farm Payrolls 213K – slightly above expectations

ADP Non-Farm Payrolls 213K – slightly above expectations

An OK jobs figure: the US private sector gained 213K jobs in September. August’s number was marginally revised to the downside: 202K from 204K. The US dollar is slightly stronger, in line with the with the outcome. Update: the US dollar is now retreating after the initial rise. Perhaps this gain isn’t convincing enough after last month’s poor NFP.

EUR/USD and AUD/USD could stage big corrections from lower levels – Elliott Wave Analysis

EUR/USD and AUD/USD could stage big corrections from lower levels – Elliott Wave Analysis

We see that the USD keeps moving higher across the board. AUDUSD reached new lows during the Asian session, while GBPUSD just fell to 1.6160 once again after worse than expected UK Sep Manufacturing PMI figures. Our attention in the days ahead will be on EURUSD where we expect a corrective rally in sessions ahead,

UK manufacturing PMI falls to 51.6 – lowest in 17 months – GBP/USD follows

UK manufacturing PMI falls to 51.6 – lowest in 17 months – GBP/USD follows

The weakest link in the UK economy has just become weaker: the manufacturing sector is growing at a slower pace than expected: 51.6 points according to the manufacturing PMI for September. In addition, last month’s number has been revised down to 52.2 from 52.5 points. GBP/USD is falling towards 1.6160, around 40 pips in the immediate