Inflation Becoming Irrelevant in Forex
Inflation data, that is published all the time is becoming less and less important in these days of a global economic crisis. It doesn’t ignite price action as it used to up to the last summer. Up to the summer of 2008, Consumer Price Index (CPI) and Producer Price Index (PPI), played a big role [...]
What to Expect in Forex from GDP
America Prelim GDP is going to be published at 13:30 GMT. Expectations are low. This week’s course sees American data disappointing and the dollar rising afterwards – risk aversion at its best. Will the Euro make the dive? Forex Traders are expecting a severe downgrade of data from the Advance GDP that was published a [...]
Forex Daily Outlook – February 27th 2009
American Prelim GDP dominates Friday’s news. A whopping fall of 5.4% is expected in the world’s largest economy. Other than that, European Unemployment Rate, and important Canadian data will also be released. At midnight GMT, the GfK Consumer Confidence will be published in Britain. It’s expected to deepen its fall, and stand at -39. In Australia, the Private [...]
USD/JPY Heading For 100, US Data Awful
USD/JPY is going up steadily in the past few two weeks. It just made another leap, breaking the 98 line. This happened as the US session began, and continued on American data which was very bad. The next stop is the most round number – 100. Terrible US Data Core fell by 2.5%, worse than [...]
Forex Daily Outlook – February 26th 2009
Lots of data is due today, with 3 major releases in the US: Core Durable Goods Orders, Unemployment Claims and New Home Sales. Important figures are also released in Britain and New Zealand. Take a deep breath… In Australia, Private Capital Expenditure rose by 6%, much much better than expected (-3.1%). AUD/USD now trades at 0.6470. [...]
Forex Daily Outlook – February 25th 2009
Today’s main event is the Existing Home Sales in the US. British Revised GDP didn’t surprise. Also note Bernanke’s testament. Big price action is seen in the Japanese Yen: USD/JPY is at 97, a price not seen for a long time. Are Carry Trades returning? The day began with Australian data, which was good. Australia continues to be [...]
Euro Got Direction – Down
EUR/USD was looking for a direction at the beginning of the week. With the release of the disappointing German Ifo Business Climate, it got a direction for the rest of the week – down. The German Ifo Business Climate is a major figure in Europe’s biggest economy, and it was disappointing: it fell to 82.6, less [...]
Forex Daily Analysis – February 24th 2009
Tuesday features lots of economic figures. German Ifo Business Climate, British CBI Realized Sales and American CB Consumer Confidence stand out. Let’s dive into it… In Europe, French Consumer Spending opens the day. Later on, at 9:00 GMT, the German Ifo Business Climate will shake the Euro. It’s expected to be stable, at 83.2 points. Also Europe’s Current Account (-14.3 billion) [...]
Forex Daily Outlook – February 23rd 2009
The beginning of the Forex week doesn’t feature too many events in the economic calendar but bank nationalization fears in Europe and in the US are looming over the forex markets. After supplying some headlines yesterday, Jean Claude Trichet will speak again today, this time in Paris. Core Retail Sales in Canada will be closely watched [...]
Bank Nationalization Fears To Hurt Euro
The European mini summit in Berlin supplied so headlines about bank nationalization and regulation. This could trigger the EUR/USD to open the forex trading week lower – with a weekend gap. Bank Nationalization was highly debated in the European mini-summit in Berlin. Although both EU leaders and ECB’s Trichet talked against nationalization, this issue is [...]
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