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EUR/USD: Trading the German Flash Manufacturing PMI

EUR/USD: Trading the German Flash Manufacturing PMI

Oct 23, 2014 08:40
German Flash Manufacturing PMI (Purchasing Manager Index) is based on a survey of purchasing managers in the manufacturing. Respondents are surveyed for their view of the...

Majors»

GBP/USD Forecast Oct. 20-24

GBP/USD Forecast Oct. 20-24

Oct 19, 2014 13:50
The British pound showed some movement during the week but closed unchanged, at 1.6091. This week’s key events are Retail Sales and Preliminary GDP. Here is an outlook...
  • USD/JPY Forecast Oct. 20-25
    USD/JPY Forecast Oct. 20-25
    The Japanese yen showed some strength last week, as USD/JPY touched 5-week lows. The pair closed at 106.87,...
    on Oct 19, 2014 12:12
  • EUR/USD Forecast Oct. 20-24
    EUR/USD Forecast Oct. 20-24
    EUR/USD had a wild week, where the weakness of the dollar beat the weakness of the euro and sent the pair higher...
    on Oct 18, 2014 15:00
  • Forex Weekly Outlook October 20-24
    Forex Weekly Outlook October 20-24
    The US dollar was on the back foot against most currencies as volatility spiked and big moves provided opportunity...
    on Oct 18, 2014 09:48

Minors»

AUD/USD Forecast Oct. 20-24

AUD/USD Forecast Oct. 20-24

Oct 19, 2014 17:26
AUD/USD was marked by choppy trading this week and posted modest gains. AUD/USD closed at 0.8743. This week’s highlights are the RBA minutes and CPI. Here is an outlook...
  • NZD/USD Forecast Oct. 20-24
    NZD/USD Forecast Oct. 20-24
    The New Zealand dollar had an exciting week, alongside all the market, and in general, showed a lot of strength....
    on Oct 19, 2014 11:16
  • USD/CAD Forecast October 20-24
    USD/CAD Forecast October 20-24
    The Canadian dollar returned to its losing ways last week, as USD/CAD gained about 100 points, closing at 1.1275. This...
    on Oct 19, 2014 11:14
  • AUD/USD Forecast Oct. 13-17
    AUD/USD Forecast Oct. 13-17
    AUD/USD posted strong gains last week but then retracted, as the pair was unchanged at the end of the week. AUD/USD...
    on Oct 12, 2014 12:05

Basics & Industry»

Market Movers Episode #20: Questions for every trader, crashing oil, state of the UK and global gloom

Market Movers Episode #20: Questions for every trader, crashing oil, state of the UK and global gloom

Oct 17, 2014 10:43
The markets are storming and we cover it all: from the still strong economy of the UK  through the big tumble in oil prices and finally with a wide coverage of everything...

Recent Articles

German manufacturing PMI returns to growth – EUR/USD bounces up

German manufacturing PMI returns to growth – EUR/USD bounces up

German manufacturing PMI stands at 51.8 points, better than expected. Services PMI slightly disappoints with 54.8 but the composite is OK at 54.3 points. Manufacturing is critical here, and the return to growth territory adds some confidence. EUR/USD is bouncing back up to 1.2640. Markit’s manufacturing PMI for Germany was expected to slide from 49.9 to

French PMIs disappoints – EUR/USD extends slide

French PMIs disappoints – EUR/USD extends slide

Markit’s French manufacturing PMI falls to 47.3 points, worse than expected. The services PMI is also unimpressive at 48.1 points. This points to contraction. On the other hand, we have good news from Spain: the unemployment rate fell from 24.5% to 23.7%, significantly better than expected. EUR/USD is extending its slide, falling to 1.2625.Update: EUR/USD extends

EUR/USD: Trading the German Flash Manufacturing PMI

EUR/USD: Trading the German Flash Manufacturing PMI

German Flash Manufacturing PMI (Purchasing Manager Index) is based on a survey of purchasing managers in the manufacturing. Respondents are surveyed for their view of the economy and business conditions. A reading which is higher than expected is bullish for the euro. Update: German manufacturing PMI returns to growth – EUR/USD bounces up Here are all the

NZD/USD Trashed As NZ CPI Disappoints

NZD/USD Trashed As NZ CPI Disappoints

The New Zealand dollar was decimated earlier during the Asian session against a number of currencies, including the US dollar. The reason for the decline was the New Zealand consumer price index data released by the Statistics New Zealand. The market was expecting the New Zealand consumer price index to increase by 1.3% (YoY). However,

2 Reasons For Staying Bearish EUR/USD Targeting 1.25 – Deutsche Bank

2 Reasons For Staying Bearish EUR/USD Targeting 1.25 – Deutsche Bank

The recovery in EUR/USD has already somewhat eroded, but where is the pair headed next? The team at Deutsche Bank explains why staying bearish is the way to go, and points to the next level: Here is their view, courtesy of eFXnews: Deutsche Bank’s bearish EUR/USD view over the last few months has relied on two

Daily CADJPY Indecision Candle – Potential Breakout to the Downside

Daily CADJPY Indecision Candle – Potential Breakout to the Downside

The CADJPY market has been falling under pressure every since the prior uptrend over extended, and was exhausted. The CADJPY has fallen into a strong weekly level where the market found strong support. The daily chart printed a bullish rejection candle and pushed prices higher in what appears to be a correctional move. The countertrend

EUR/USD: Risk Turns Lower, Extends Weakness

EUR/USD: Risk Turns Lower, Extends Weakness

EURUSD: With EUR turning lower on Tuesday and following through lower on Wednesday, further bearishness is now envisaged. On the other hand, support lies at the 1.2600 level where a break will expose the 1.2550 level. Below here will pave the way for a move lower towards the 1.2500 level. If this continues, expect further

The Case For A Strong USD And A Weaker AUD & NZD – ANZ

The Case For A Strong USD And A Weaker AUD & NZD – ANZ

Both the Australian and the New Zealand dollars have shown some relative strength and traded in ranges. What is the next direction for both? ANZ sees both falling against the dollar and provides 4 arguments. Here is their view, courtesy of eFXnews: Australia and New Zealand Baking Group (ANZ) is out with a note presenting some feedback from

Canadian dollar strengthens on BOC wording on the background of the Ottawa shooting

Canadian dollar strengthens on BOC wording on the background of the Ottawa shooting

The Canadian dollar is strengthening with USD/CAD battling the 1.12 level once again. The Bank of Canada is finally acknowledged the rise in inflation and called it “balanced”. It previously saw inflation as related to temporary factors. In the background of the rate decision, there is a shooting event in Ottawa. It began in the War Memorial and triggered

Here Is Why The USD Will Rally Even Without Higher US Rates? – RBS

Here Is Why The USD Will Rally Even Without Higher US Rates? – RBS

Bond markets were a significant part of the global storm, we’ve seen recently. A fall in the greenback was accompanied with a fall in US bond yields. Do they have to be linked also in the future? Not necessarily. Is the dollar ready for a new rally? Greg Gibbs from RBS offers his interesting views: Here is