Category: Forex News

Market Movers Episode #22: Preview of November’s big events, FOMC, recent events rundown

There is a lot of action in markets and more to come: we preview the big events of November, which promise to be exciting. And before looking forward, we look back and run through the Fed bullishness, the impact of US GDP, ECB stress tests and more.

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 Market Movers Episode #22: Preview of November’s big events, FOMC, recent events rundown
Euro-zone inflation stands at 0.4%, core at 0.7% – EUR/USD recovers

Euro-zone inflation stands at 0.4%, core at 0.7% – EUR/USD recovers

Euro-zone inflation defies gravity and stands at 0.4%. It could have been worse. Core inflation is indeed worse at 0.7%, but the ECB’s mandate is the headline inflation, and that came out OK – very low, but not terrible as German numbers implied. The unemployment rate stands at 11.5% as expected. EUR/USD recovers to 1.2580. Official

Gold falls as low as $1167.17 – lowest in 4 years

Gold falls as low as $1167.17 – lowest in 4 years

Gold finally collapsed below the “taper tantrum” lows from 2013 and fell to $1167.17 – the lowest level since August 2010. Can the precious metal fall even lower? Or has it reached a level in which the intrinsic demand (weddings in India, industrial use) will keep it bid? What’s behind the fall? Basically, the Fed ended

Next Leg Of USD Strength Is Just Around The Corner – Citi

Next Leg Of USD Strength Is Just Around The Corner – Citi

The US dollar strengthened after the Fed decision, but the internal data in the GDP report cast some doubt about the strength of the US economy and allowed profit taking on dollar longs. So what’s next for the dollar? Citi sees that the next dollar strength around the corner: Here is their view, courtesy of eFXnews:

EUR/USD erases recovery – 5 reasons

EUR/USD erases recovery – 5 reasons

EUR/USD managed to recover from the Fed fallout (which sent it below the H&S line) but this may be over now, with the pair digging to fresh lows. Can it challenge 1.25? Here are the reasons for the fall. Japanese Blitz: The BOJ surprised by taking the baton from the Fed announcing a huge addition to

USD/JPY shoots up to 111.50 on fresh BOJ easing – 80 trillion yen monetary base, GPIF reallocation

USD/JPY shoots up to 111.50 on fresh BOJ easing – 80 trillion yen monetary base, GPIF reallocation

Dollar/yen at 111.50 – it is no mistake. The Bank of Japan announced further monetary stimulus to battle falling inflation expectations and showed it is determined to reach its goal. USD/JPY was trading under 109.50 before the announcement and shot 200 pips higher and continues to trade in a volatile manner. Update: 111.52 seems to

RBNZ To Give NZD Another Nudge Soon – BNZ

RBNZ To Give NZD Another Nudge Soon – BNZ

NZD/USD was first hit by the Federal Reserve and its hawkishness, and then by the Reserve Bank of New Zealand and its dovish. The team at BNZ assesses that the RBNZ could give another nudge to the NZD quite soon and explains: Here is their view, courtesy of eFXnews: The following is Bank of New Zealand

American GDP Validates FOMC

American GDP Validates FOMC

The morning after the much anticipated FOMC interest rate statement has left financial markets exhibiting hangover-like symptoms, as a risk-off feel engulfed price action during the overnight session in the wake of the Fed removing the QE-punchbowl and showing a vote of confidence in the state of the American economy.  The relatively hawkish (or not

German CPI falls 0.3% m/m, +0.8% y/y, HICP only +0.7% – below expectations

German CPI falls 0.3% m/m, +0.8% y/y, HICP only +0.7% – below expectations

While inflation is stronger in Germany than the euro-zone average, it remains depressed, also in October: prices fell 0.3%, worse than 0.1% expected, and y/y, they remained at a rise of 0.8%. The HICP number, which is the EU standard, also shows a slide of 0.3%, but year over year, it is down to 0.7%. This

US GDP growth +3.5% – internals mixed

US GDP growth +3.5% – internals mixed

Good news from the US: the economy grew 3.5% in Q3, slightly better than expected. Government spending rises 4.6%, the highest since Q2 2009. Consumer spending is 1.8%, business investment +5.5%, exports 7.8. The GDP price index is at 1.3%, a bit lower than 1.4% expected.  In addition, jobless claims remained low at 287K with