Category: Opinions
7 Scenarios for FOMC: Many Measures are Needed for the Dollar to Fall
Ben Bernanke and his colleagues will be discussing a wide range of monetary stimulus options. Quite a few options are on the agenda, as the Federal Reserve is urged to do something to kick start the economy. QE3 is low on the list. The statement published on Wednesday, 18:15 GMT will be closely watched and will likely
EUR/USD: Trading the US Unemployment Claims
The US Unemployment Claims indicator is released weekly, and measures the number of people filing for unemployment for the first time during the previous week. An increase in unemployment figures will dampen consumer spending and could hurt the dollar as well. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Thursday at
NZD/USD: Trading the New Zealand GDP
The Gross Domestic Product (GDP), is a quarterly index which measures the production and growth of the economy. Analysts consider GDP one of the most important economic indicators, thus the publication of the New Zealand GDP may well have a critical effect on NZD/USD. Here are all the details, and 5 possible outcomes for NZD/USD.
Market Direction To Become Clearer After Wednesday
Christopher Vecchio, a currency analyst with DailyFx.com discusses the upcoming FOMC meeting and sees a small chance for big move. He analyzes the impact on commodity currencies, oil and gold and sees a negative outcome for them. Vecchio also discusses the situation in the euro zone and lays out an option of a split with
USD/JPY: Trading the Existing Home Sales Release
The Existing Home Sales Report is an important economic indicator, considered by analysts as a good measure of consumer demand in the housing sector. As a house is likely to be the largest purchase that a consumer will make, this indicator provides critical data about the mood of consumers and the health of the economy.
USD/JPY and GBP/JPY Under Bear Pressure
USDJPY: Bearish, Weakness Pressures the 75.92 Level USDJPY: With a follow through lower on the back of its past week gains now seen, further weakness is now envisaged towards the 75.92 level, its 2011 low. USDJPY has been under bear pressure since topping out at the 124.13 level in Jun’2007 and with that downtrend remaining
How will this Greek tragedy come to an end?
With key European officials in crucial talks with the Greek government at the start of this week, the next round of Greek bailout funding is firmly in focus. The Greek situation has prompted some serious discontent from European voters, and this was perfectly expressed in Germany where Angela Merkel is beginning to feel the heat.
EUR/USD: Trading the German ZEW Economic Sentiment Index
The German ZEW Economic Sentiment Index is based on a monthly economic survey of economists and analysts and their views of the German economy. A higher reading than the previous month signals growth and bodes well for the Euro, while a lower reading could send the Euro downwards. Here are all the details, and 5
Is The Dollar Liquidity Move a Preparation for the Greek Default?
The dramatic announcement by 5 major central banks about providing dollar liquidity for European banks could precede a bigger announcement about an official Greek default. The liquidity move, similar to the one made after Lehman, could help make the default more orderly, and prevent a Lehman like turmoil. Here are 3 reasons why this move
USD/JPY: Trading the University of Michigan Consumer Sentiment Index
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. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Friday at 14:00 GMT. Indicator