Post Tagged with: "Ben Bernanke"
Forex Daily Outlook March 20 2012
Building Permits in the US and CPI in the UK are the main events lined up. Let’s see what awaits us today. In the US, Building Permits, excellent indicator of upcoming construction activity that value the new residential building permits that were issued on the past month, rise of 1M from February is predicted up
EUR/USD Mar. 19 – Sliding from High Ground
Euro dollar started the week with a slide from the high ground it reached on Friday. Credit Default Swaps on Greek debt will be settled today, as talks about a “second Greece” loom over Portugal. US bond yields play a bigger role also in EUR/USD as does inflation on both sides of the Atlantic. Here’s an
EUR/USD Mar. 16 – Fails to Gain Momentum After Breaking Downtrend Resistance
Euro dollar managed to escape downtrend resistance and move higher, but it failed to gain momentum and is falling once again. After the IMF approved its share in the second Greek bailout, the debt crisis issues have certainly calmed down, but this was already priced in. More positive figures from the US support the dollar. To
EUR/USD Mar. 15 – Settling Above Closely Eyed Support as Dollar Storm Pauses
Euro dollar is holding so far above the 1.30, within the downtrend channel. The dollar storm ignited by Bernanke takes a pause for now. Will the storm resume and send the pair fall below this level? The Eurogroup finally gave its final green light to the Greek bailout, and today’s its the turn of the IMF.
EUR/USD Mar. 14 – Slide Continues After Relative Bernanke Bullishness
Euro dollar continues to slide in lower range, in a downtrend channel. The Federal Reserve didn’t change its policy and upped its tone regarding employment and inflation. Bernanke will continue moving markets in a speech later in the day. In Europe, a final seal of approval is expected for Greece’s second bailout program, a few days
Forex Daily Outlook March 14 2012
Forex Daily Outlook March 14 2012 In the US Fed Chairman Bernanke Speaks and Claimant Count Change in the UK are the main events today. Here is an outlook on the market-movers awaiting us In the US, Ben Bernanke, Federal Reserve Chairman is about to speak in Nashville. More in the US, Current Account, quarterly
Fed Leaves Policy Unchanged – Dollar Marching Higher
The Federal Reserve decided not to introduce any policy changes this time. Those that expected QE3, QE3 Lite or anything of that sort are retreating. The initial reaction is a stronger dollar. EUR/USD dropped under 1.31. USD/JPY is a bit higher. It is challenging the 82.87 line. Trading is still choppy – the dollar retreated
EUR/USD Mar. 13 – Dropping from Highs Before the Fed
Euro dollar climbed gradually and is now on the retreat once again, awaiting the decision by Ben Bernanke and his colleagues. QE3 has very low chances, but the Fed could surprise with other means. The Eurogroup endorsed Greece’s second bailout, but the final approval is due only for tomorrow. Apart from the Fed decision, there are
4 Scenarios for the Fed Decision
The FOMC is not expected to make any significant policy changes. While Bernanke is certainly unimpressed from the situation of the economy, he did acknowledge that employment is improving, and the scenario of QE3 has little chances. What can the Fed do? Here are 4 scenarios and the potential reaction for the US dollar. First,
EUR/USD Mar. 12 – World Doesn’t End After Official Greek Default
Euro dollar kicked off the new week around the same levels it saw late on Friday. After the pair tumbled, ISDA finally called a credit event following the bond swap, and also Moody’s said that Greece is in default. The Eurogroup still needs to provide the green light to the full second bailout, and so does