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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

Dec 18, 2014 16:07
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...

Majors»

GBP/USD Forecast Dec. 15-19

GBP/USD Forecast Dec. 15-19

Dec 14, 2014 19:25
The British pound posted strong gains last week, as GBP/USD climbed about 120 points. The pair closed just shy of the 1.57 line. The upcoming week is a busy one, highlighted...
  • 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
  • Forex Weekly Outlook Dec.15-19
    Forex Weekly Outlook Dec.15-19
    The US dollar retraced some of the previous gains but managed to retrace the retracement as well. Japan’s Lower...
    on Dec 12, 2014 16:43

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

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,

UK retail sales leap 1.6% – GBP/USD follows

UK retail sales leap 1.6% – GBP/USD follows

Quite a beat in UK retail sales: a rise of 1.6% m/m or 6.4% y/y. for the month of November. This comes on top of upward revisions for October. Core retail sales rose 1.7% m/m and 6.9% y/y. These numbers are much better than expected. Christmas shopping has certainly begun in the UK. GBP/USD was already moving

German IFO Business Climate rises to 105.5 as expected – sell opportunity on EUR/USD?

German IFO Business Climate rises to 105.5 as expected – sell opportunity on EUR/USD?

No surprises from Germany’s highly regarded IFO business climate: it advanced for a second month in a row to 105.5 points, within expectations. Current conditions stand at 110.1 points, also as expected. EUR/USD is ticking marginally higher. The German IFO Business Climate was expected to move up, showing more confidence in Germany in the month of

EUR/USD gets Swiss sugar rush – tests lows and bounces

EUR/USD gets Swiss sugar rush – tests lows and bounces

The Swiss National Bank made a move: they set a negative deposit rate of 0.25%, even lower than the the ECB’s -0.20% deposit rate. It also changed the Libor Rate to a range of -0.75% to +0.25%. This was an emergency meeting by the SNB. The move also has implications on EUR/USD. While the timing of the