Category: Opinions
Central Banks Summary (Video)
The dust settled after Draghi’s confident press conference and the expanded QE in the UK. We now see the dollar regaining some of its losses. Where are markets headed? Michael Derks of FxPro summarizes the central banks action seen earlier (and other topics) in the day in the video below. You can follow more commentary
EUR/USD:Trading the University of Michigan Consumer Sentiment
The University of Michigan Consumer Sentiment Index surveys consumer attitudes and expectations about the US economy. An increase in consumer confidence is a positive sign about the health of the economy and can help strengthen the US dollar. As well, a reading which is higher than the market forecast is bullish for the greenback. Here
5 Reasons Not To Cut Rates – ECB Preview
Those expecting a third rate cut from Draghi might be disappointed. The ECB will likely repeat the “business as usual” stance that worked so well last month. There are 5 reasons for the ECB to wait and see for another month. After rate cuts in November and December, the European Central Bank left the rates
Commodities Supportive For Majors – Video Analysis
Hello traders! Stocks are higher and the USD reached new lows against the majors during Asian session. It seems that this type of a price action will continue this week, especially after a sharp impulsive break on EUR/USD yesterday out of its 6-day consolidation range. USD weakness is also seen across the board because of higher
GBP/USD: Trading the British Manufacturing Production
The British Manufacturing Production indicator provides analysts and traders with a snapshot of the health of the UK manufacturing sector. A reading which is higher than the market prediction is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Thursday at 9:30 GMT. Indicator Background The British
NZD/USD: Trading the New Zealand Employment Change
The New Zealand Employment Change indicator is an important leading indicator which often has a significant impact on the markets. Traders and analysts carefully examine employment figures, looking for any trends which could affect NZD/USD. A reading which is better than the market forecast is bullish for the New Zealand dollar. Here are the details and 5 possible outcomes for NZD/USD. Published
QE3 in March has Little Chance
A new jobs report in the US and a deterioration in Europe could still push Bernanke to ease in March, but the chances are very low now. Regarding Greece, it is hard to fully price any outcome of the current round of the crisis, as there are too many moving parts that make the situation
Dollar Stronger Under Obama
The US dollar performed in a better manner under US president Barack Obama, than his predecessor, George W. Bush. Supporters of Obama claim that his policies helped the nation recover from a horrible economic crisis, while his opponents claim that his policies significantly slowed the recovery. The numbers will not persuade either side, but they
Elliott Wave Market Overview February 6 2012
Hello Traders! Hope you all had a great weekend! USD is trading higher after a gap lower on Euro and S&P Futures seen at the open. Commodity currencies are also looking weak after lower metals, with gold down more $40 from Friday highs. Looks like we could see more USD strenght in this week, but
EUR/USD: Trading the German Industrial Production
The German Industrial Production indicator measures change in production in the important manufacturing, utilities and mining sectors. A reading which is higher than the market forecast is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 11:00 GMT. Indicator Background The German Industrial Production gives analysts a snapshot of economic conditions in