Category: Opinions
Weaker Euro Can Help Spain Fight Unemployment
Spain has the highest unemployment rate in the euro-zone 23.6% according to the latest data with more than double for younger workers. Many multinational companies have a presence in Spain, but so far this doesn’t help battle the high unemployment. Perhaps a lower euro can help? Foreign Presence The unemployment picture is quite different for
USD/JPY: Trading US Building Permits
The US Building Permits indicator, released monthly, measures the number of new residential permits issued. It provides analysts with important data about consumer demand as well as activity in the construction sector. A higher reading than the market prediction is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Tuesday
Fed Buys 61% of US Treasuries in 2011, with QE2 Running Only 6 Months
QE2 in the size of $600 billion was announced in November 2010 and was completed at the end of June 2011 – in the middle of the year. Looking at the annual figures, the Fed bought 61% of all debt. Buying more than 50% of US debt in 50% of the time smells a bit
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, as consumer spending is critical for economic growth. Thus, a reading that is higher than predicted by the markets will be bullish for the
AUD/USD: Trading the Australian Employment Change
The Australian Employment Change is an important leading indicator which may have a significant impact on the direction of AUD/USD. Traders and analysts carefully examine employment figures, since strong employment numbers are critical for the growth of the economy. Here are the details and 5 possible outcomes for AUD/USD. Published on Thursday at 1:00 GMT. Indicator Background
5 Reasons Why the Weak Non-Farm Payrolls Could Be Temporary
The US dollar is weaker on the very disappointing gain in US non-farm jobs: only 120K. The small drop in the unemployment rate to 8.2% is “blamed” for the drop in the participation rate. But not all is bad in the US jobs report. Here’s why it could be only a temporary pause. Participation: Let’s start with
EUR/USD: Trading the US Non-Farm Payrolls
The Non-Farm Employment Change, released by the US Government, measures the change in the number of employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Published on Friday at 12:30 GMT.
Fed Doves Could Easily Return to Rule the Roost
Headwinds outnumber tailwinds in the US economy, and only a small string of poor US figures could tip control in the Fed back to the doves. So says Christopher Vecchio of DailyFX. In the interview below, Vecchio discusses the situation of monetary policy, the bigger issues facing Spain, the key for China and the Australian
USD/CAD: Trading the Canadian Ivey PMI
The Canadian Ivey PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers. Respondents are surveyed for their view of the economy and business conditions in Canada. A reading which is higher than the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Thursday
Euro Under Pressure; Now Back To 1.3000?
The Euro moved sharply lower in this week from 1.3380 area, and closed below previous 1.3250 swing. And also because of the sharp bearish price action, we came out with an idea that a recovery from 1.3000, labeled as wave (c) of 2 is finished and that market will move even deeper in days ahead;