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Fed rundown, GDP outlook, Greek elections analysis and AUD down under – Market Movers #35

Fed rundown, GDP outlook, Greek elections analysis and AUD down under – Market Movers #35

Jan 30, 2015 12:22
The US returns to the limelight with the Fed decision and the first release of US GDP. What are the implications for the dollar? Before diving into this, we analyze the...

Majors»

EUR/USD Forecast Feb. 2-6

EUR/USD Forecast Feb. 2-6

Jan 31, 2015 12:23
EUR/USD managed to stabilize after the Greek elections in the last week of a turbulent month. Has it bottomed out or is gravity here to pull it lower? PMI figures are the...
  • Forex Weekly Outlook Feb. 2-6
    Forex Weekly Outlook Feb. 2-6
    The dollar experienced a mixed week, in which its gains were focused against commodity currencies. The focus is...
    on Jan 30, 2015 17:21
  • GBP/USD Forecast Jan.  26-30 2015
    GBP/USD Forecast Jan. 26-30 2015
    The British pound sustained sharp losses last week, as GBP/USD closed the week below the 1.50 level. This was...
    on Jan 25, 2015 19:01
  • EUR/USD Forecast Jan. 26-30 2015
    EUR/USD Forecast Jan. 26-30 2015
    EUR/USD had one of its worst weeks, collapsing by nearly 400 pips in total on the massive QE decision. The pair...
    on Jan 24, 2015 15:45

Minors»

NZD/USD Forecast Jan. 26-30 2015

NZD/USD Forecast Jan. 26-30 2015

Jan 25, 2015 19:00
The New Zealand dollar had a terrible week, falling to multi-year lows on weak inflation and a stronger US dollar.After the pair finally broke out of range, is it set to...
  • USD/JPY Forecast Jan. 26-30
    USD/JPY Forecast Jan. 26-30
    Despite the turmoil in the currency markets last week, USD/JPY was unchanged last week, closing at 117.73. There...
    on Jan 25, 2015 18:16
  • AUD/USD Forecast January 26-30 2015
    AUD/USD Forecast January 26-30 2015
    AUD/USD tumbled over 300 points last week, as the pair closed below the 0.80 line, its lowest level since July...
    on Jan 25, 2015 15:58
  • USD/CAD Forecast Jan. 26-30
    USD/CAD Forecast Jan. 26-30
    The Canadian dollar was in free-fall lost week, falling a remarkable 450 points. USD/CAD closed the week at 1.2411,...
    on Jan 25, 2015 13:22

Basics & Industry»

FXCM to forgive most clients with negative balances – more to follow?

FXCM to forgive most clients with negative balances – more to follow?

Jan 28, 2015 16:38
As many others and we have been calling for long days, FXCM joins the list of brokers forgiving negative balances following the SNBomb. While it is not forgiving all traders...

Recent Articles

EUR/USD Forecast Feb. 2-6

EUR/USD Forecast Feb. 2-6

EUR/USD managed to stabilize after the Greek elections in the last week of a turbulent month. Has it bottomed out or is gravity here to pull it lower? PMI figures are the highlights of the first week of February. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Anti-austerity SYRIZA

EUR/USD wedge – where will it break to?

EUR/USD wedge – where will it break to?

EUR/USD had a seemingly never-ending losing streak: 6 weeks of consecutive losses. During this time it traded under downtrend resistance. However, after the most recent dip, the pair made some kind of correction, and this is downtrend support. So, the pair is trading in this nice triangle that is not symmetric in the length of the lines, but

Forex Weekly Outlook Feb. 2-6

Forex Weekly Outlook Feb. 2-6

The dollar experienced a mixed week, in which its gains were focused against commodity currencies. The focus is on the US with a full buildup to the Non-Farm Payrolls, but also rate decisions stand out. These are forex market movers for this week. Check out these events on our weekly outlook US jobless claims plunged 43,000

Mo’ Dollars, Mo’ Problems

Mo’ Dollars, Mo’ Problems

In 1971, U.S. Secretary of the Treasury John Connally told a group of visiting finance ministers; “the dollar is our currency, but it’s your problem”. It’s 2015, and his words remain accurate – exchange rates across the planet are plumbing multi-year lows today as interest differentials shift further in the dollar’s favour. While the Federal

Canadian GDP falls 0.2% – USD/CAD shoots above 1.27

Canadian GDP falls 0.2% – USD/CAD shoots above 1.27

Another big disappointment from Canada: the economy squeezed by 0.2% in November, much worse than expected. Canada is unique in releasing GDP numbers on a monthly instead of a quarterly basis. Year over year, output grew 1.9%, below 2.1% predicted. USD/CAD is shooting above 1.27. Update: the pair already reaches 1.2770. This is not the first disappointment

US GDP 2.6%, Employment Cost Index 0.6% q/q – USD stable

US GDP 2.6%, Employment Cost Index 0.6% q/q – USD stable

GDP rose 2.6% annualized. The ECI rose 0.6% as expected. Year over year, wages have risen 2.2%.  Personal consumption is up 4.3%, better than expected and strong in general – the fastest since Q1 2006. Government spending dropped 2.2%, taking 0.4% off of GDP. Fixed investment rose 2.3%. The details are better than the headline. The USD

This week in the markets: Greek elections set the eurozone on edge

This week in the markets: Greek elections set the eurozone on edge

EUR/USD fell to an eleven year low this week, not only because of the ECB’s pledge to begin a huge quantitative easing programme but also following the weekend’s Greek elections. Anti-austerity party Syriza were voted in, putting further downward pressure on the single currency. With this victory there are growing fears that that Greek bail-out

Fed rundown, GDP outlook, Greek elections analysis and AUD down under – Market Movers #35

Fed rundown, GDP outlook, Greek elections analysis and AUD down under – Market Movers #35

The US returns to the limelight with the Fed decision and the first release of US GDP. What are the implications for the dollar? Before diving into this, we analyze the impact of the Greek elections for the euro in the short and long terms. And AUD is also on the agenda with a possible rate cut

CAD Sell-Off Intact; Don’t Buy The JPY – Credit Agricole

CAD Sell-Off Intact; Don’t Buy The JPY – Credit Agricole

The Canadian dollar continues suffering in the aftermath of the surprising BOC rate cut. The pressure continues, says Credit Agricole. The bank also analyzes the Japanese inflation data among other figures and does not see reasons to buy the Japanese yen. Here is their view, courtesy of eFXnews: The CAD has been steadily depreciating since the

EURUSD, USDJPY, GBPUSD TA & Pivot Points – Jan. 30 2015

EURUSD, USDJPY, GBPUSD TA & Pivot Points – Jan. 30 2015

EURUSD Daily Pivots R3 1.1476 R2 1.1421 R1 1.137 Pivot 1.1315 S1 1.1264 S2 1.1209 S3 1.1158   EURUSD was weaker yesterday but managed to continue staying above its lows, giving the possible hints that further upside, to testing 1.14 levels cannot be ruled out. Currently, price action has managed to break above the adjusted