Category: Forex News

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 in the land down under.

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.

Read the rest of the article Fed rundown, GDP outlook, Greek elections analysis and AUD down under – Market Movers #35
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

Euro-zone sees deeper deflation: -0.6%, core only +0.5%

Euro-zone sees deeper deflation: -0.6%, core only +0.5%

Deeper deflation in the euro-zone: prices fell by 0.6% y/y, worse than expected but not extremely surprising after the German data. Perhaps even more worrying for Draghi and co. is the core number: a rise of only 0.5%, worse than expected and a new record low – the lowest since July 2007. The unemployment rate

Spain grows 0.7% in Q4 2014 – prices fall 1.4% – growth & deflation hand in hand

Spain grows 0.7% in Q4 2014 – prices fall 1.4% – growth & deflation hand in hand

The euro-zone’s fourth largest economy grows more than expected: 0.7% q/q and 2% year over year, significantly better than expected. Prices dropped 1.4% y/y close to 1.5% predicted. If Spain is to be taken as an example, is the fall in prices good for the economy? EUR/USD doesn’t rise to much. Spanish was expected to

EUR/USD: No Defying Parity; New Targets – BNPP

EUR/USD: No Defying Parity; New Targets – BNPP

Euro/dollar lost around 20% from the highs in early May. After the recent drop, has it found a bottom? Not yet. The team at BNP Paribas revised the targets to the downside. Here is their view, courtesy of eFXnews: The speed of EUR/USD’s decline since the start of the year is causing investors to question the

AUD/USD Continues Its Descent: Levels & Targets – BofA Merrill

AUD/USD Continues Its Descent: Levels & Targets – BofA Merrill

The Australian dollar seemed to be protected from the rout in commodity currencies after inflation came out stronger than expected, contrary to the figures in New Zealand and Canada. However, after the Australian press raised the chances of a rate cut already on February 4th and together with a stronger USD, the Aussie continued a fast deterioration.

4 reasons for the CAD Crash

4 reasons for the CAD Crash

The Canadian dollar was the first currency to react to the seemingly balanced Fed decision, thus showing its vulnerability with USD/CAD rising above 1.25. The weakness now turned into a crash. USD/CAD made a strong move upwards and hit yet another level last seen in 2009: 1.2680. Is the road to 1.30 clear? Here are the

US Dollar Rises on FOMC Outlook

US Dollar Rises on FOMC Outlook

The US dollar continues to trend higher almost one day after the most recent FOMC meeting. Policy makers in the US decided to take no action, and were fairly neutral in their statement, but the greenback continues to move higher as this stagnant policy differs from other major central banks taking easier policy action. German

US jobless claims plunge to 265K – lowest since April 2000

US jobless claims plunge to 265K – lowest since April 2000

A very positive surprise from the US job market: after long weeks of disappointing numbers, we now get a fall to 265K. This si the lowest since April 2000 but may have been distorted by the MLK holiday. When the Fed said “strong labor market”, did they see the numbers? This is a fall of 43K. Continuing

Germany in deflation – prices fall 0.5% in January – more than expected

Germany in deflation – prices fall 0.5% in January – more than expected

Prices in Germany fell to negative territory on all accounts: national CPI is down 1% m/m and 0.3% y/y. EU standard HICP fell 1.3% m/m and 0.5% y/y. While this is mostly due to oil prices, the deep falls more than justify the ECB’s QE that Germany was opposed to. EUR/USD is struggling around 1.13. This