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Deflation expectations are well anchored – will Draghi deliver?

Deflation expectations are well anchored – will Draghi deliver?

Aug 27, 2014 16:25
ECB president Mario Draghi began accepting that low inflation is not solely related to temporary factors, but also to changes in expectations. He also hinted of imminent...

Majors»

GBP/USD Forecast Aug. 25-29

GBP/USD Forecast Aug. 25-29

Aug 24, 2014 16:22
The British pound had another rough week, losing about 150 points. The pair closed the week at 1.6563, its lowest level since early April. The upcoming week has a light...
  • USD/JPY Forecast Aug. 25-29
    USD/JPY Forecast Aug. 25-29
    USD/JPY moved higher as the Japanese yen surrendered to the greenback’s strength across the board. Inflation...
    on Aug 24, 2014 11:22
  • EUR/USD Forecast August 25-29
    EUR/USD Forecast August 25-29
    EUR/USD suffered for yet another week, dropping to an 11 month low and dipping below long term downtrend support....
    on Aug 23, 2014 15:00
  • Forex Weekly Outlook August 25-29
    Forex Weekly Outlook August 25-29
    The dollar dominated once again, with multi-month gains against major currencies. Is it time for a correction or...
    on Aug 22, 2014 16:36

Minors»

USD/CAD Forecast Aug. 25-29

USD/CAD Forecast Aug. 25-29

Aug 24, 2014 19:43
USD/CAD came close to the 1.10 line, but  then retracted and showed little change over the week. This week’s highlight is GDP. Here is an outlook on the major events...
  • NZD/USD Forecast Aug. 25-29
    NZD/USD Forecast Aug. 25-29
    The New Zealand dollar continued struggling and dipped below 0.84. The calendar builds up with trade balance...
    on Aug 24, 2014 11:33
  • AUD/USD Forecast Aug. 25-29
    AUD/USD Forecast Aug. 25-29
    AUD/USD showed some downward movement, but ended the week unchanged, as the pair closed at 0.9315. This week’s...
    on Aug 24, 2014 09:48
  • USD/CHF Likely to Extend Gains
    USD/CHF Likely to Extend Gains
    The US dollar blasted higher against most major currencies, including the Swiss franc yesterday post the FOMC meeting...
    on Aug 21, 2014 10:24

Basics & Industry»

Copy Trading. Pitfalls and Tips

Copy Trading. Pitfalls and Tips

Aug 25, 2014 10:52
Copy Trading or Mirror Trading is catching on for better and worse. Having traded and worked in the retail CFD/spread betting arena for some years I made all the mistakes...

Recent Articles

Market Movers Episode #12: The Fed, the economy and markets

Market Movers Episode #12: The Fed, the economy and markets

Welcome to a new episode of Market Movers, presented by Lior Cohen of Trading NRG and Yohay Elam of Forex Crunch.You are welcome to listen, subscribe and provide feedback. In today’s episode, we focus on the Fed and its huge impact on financial markets, currencies and commodities: Post crisis Fed action: we review what the Fed has

Deflation expectations are well anchored – will Draghi deliver?

Deflation expectations are well anchored – will Draghi deliver?

ECB president Mario Draghi began accepting that low inflation is not solely related to temporary factors, but also to changes in expectations. He also hinted of imminent action regarding an ABS program (aka QE or printing euros). The current level of inflation, 0.4%, is too just too far from the ECB’s mandate, and improvement is out of sight. The

Financial Markets in Limbo Ahead of Month-End

Financial Markets in Limbo Ahead of Month-End

The economic data calendar from around the globe remains sparse as we approach the half-way point of the trading week, though action will begin to pick up as we get ready to close out the month of August and the end of the week.  Yesterday’s close above the important 2,000 line for the S&P was enough

USD/CAD: Weakens, Targets The 1.0850 Level

USD/CAD: Weakens, Targets The 1.0850 Level

USDCAD: With USDCAD selling off strongly, further downside is likely in the days ahead. On the downside, support lies at the 1.0850 level followed by the 1.0800 level where a break will aim at the 1.0750 level and then the 1.0700 level. Its daily RSI is bearish and pointing lower supporting this view. On the

QE seems imminent in the euro-zone; BOE could raise rates in November

QE seems imminent in the euro-zone; BOE could raise rates in November

With the risks of sustained deflation becoming more real and the ongoing talk about QE, there is no reason to delay this move, says Simon Smith of FxPro, even though the effectiveness isn’t that clear. In the interview below, Smith also explains why the cycle of rate hikes could commence in the UK already in

Bonds and yields continue to stir FX markets

Bonds and yields continue to stir FX markets

We are likely to cruise into the end of the week and month end, with the major data releases and events of the month behind us. That said, there are three underlying themes to FX markets that continue to drive the price action. The first is the growing yield differential in favour of the dollar.

EUR/USD Aug. 27 – Marks lower range in ongoing erosion

EUR/USD Aug. 27 – Marks lower range in ongoing erosion

EUR/USD is getting comfortable in a lower range below 1.3175, after yet another slide. It seems there is no mercy for the pair. After seeing very strong consumer confidence from the US yesterday was the latest excuse to buy the greenback. Today’s light calendar also supports that direction, with more disappointments from Germany. What’s next?  Here

AUD/USD – Make It Or Break It For The Aussie?

AUD/USD – Make It Or Break It For The Aussie?

Technical Bias: Neutral Key Takeaways • Australian dollar pushing higher against the US dollar, but faces a major hurdle around the 0.9325-30 levels. • A break and close above the 0.9335 level might call for more gains in the AUDUSD pair. • AUDUSD support seen at 0.9335 and resistance ahead at 0.9300. The US dollar

Is the consolidation over? EUR/USD loses support

Is the consolidation over? EUR/USD loses support

After starting with a significant gap lower, EUR/USD got comfortable but was unable to close the gap. Not so impressive US data and then a better batch left the pair in range. Perhaps this consolidation has ended with EUR/USD falling to new lows below support. The pair is trading at 1.3164 at the time of writing,

CB Consumer Confidence jumps to 92.4 – now at pre-crisis levels

CB Consumer Confidence jumps to 92.4 – now at pre-crisis levels

The better than expected numbers return to the US: CB Consumer confidence rises to 92.4 points, the highest since the Great Recession. The Richmond Manufacturing Index climbs to 12 points, above 8 expected. Currency markets were steady towards the publication, with EUR/USD clinging to 1.32, GBP/USD around 1.6590 and USD/JPY at about 103.8. The market’s reaction

Durable Goods Orders Surge – Financial Markets Shrug

Durable Goods Orders Surge – Financial Markets Shrug

Financial markets are consolidating this morning, with the overnight Asian session failing to mimic the optimism displayed on Wall Street during yesterday’s trading.  Despite a lack of economic news flow from the region, the Yen is displaying some moderate strength against the big dollar, which likely added to the offer tone permeating through Asian equity markets,