Post Tagged with: "EUR/USD"
Will Draghi Hint About a Rate Cut and Send EUR/USD Below Range?
The ECB meeting are held in Barcelona, under heavy security. Mario Draghi and his colleagues aren’t expected to change the interest rates nor announce another LTRO. But hinting about future plans is certainly possible. EUR/USD is in the middle of the narrowing channel after a failed attempt to break higher. Will it break lower? Follow the
ADP Shows Weak Job Growth in US Private Sector
The ADP report for private sector jobs showed a gain of only 119K jobs. Early expectations stood on a gain of 178K for the month of April. The initial figure for March was a gain of 209K, far better than the private sector gain reported in the official Non-Farm Payrolls report. Also this number underwent
US Economy Grows Slowly, Only 2.2%, Dollar Retreats
The first release of US GDP for Q1 2012 shows a growth rate of 2.2%. Estimates stood on an annual growth rate of 2.6%, after a strong rise of 3% in Q4 2011. This is a big disappointment. Also the secondary figures were lower than expected: Employment Cost Index rose by 0.4% (exp. +0.5) and
EUR/USD: Trading the US Advance GDP
The Advanced Gross Domestic Product (GDP) provides a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. This indicator is published every quarter, and may impact on EUR/USD. A reading which is higher than the market forecast is bullish for the dollar. Here are all the details, and 5
FOMC Mentions Inflation Picked Up, No Change in Policy, No Hint for QE3
The Federal Open Market Committee (FOMC) left policy unchanged, as expected, yet the tone about inflation is somewhat different. Instead of treating inflation as “subdued”, the wording is that inflation “picked up”. The dollar is a bit stronger following the publication. EUR/USD is sliding in range, while USD/JPY is moving upwards. The moves aren’t big. EUR/USD
EUR/USD April 25 All Eyes on Fed, ECB Statements
Euro dollar moved upwards yesterday (April 24th), breaking the 1.32 level. The markets will be in a listening mode today, as ECB President Mario Draghi and Federal Reserve make statements today. This will be followed by an FOMC economic report, a press conference, and a speech by the US Treasury Secretary. In the US, the key releases of Consumer Confidence
EUR/USD Gaps Lower on French Election Uncertainty
The fist round of the presidential elections in France resulted in a minor victory for Hollande over incumbent Sarkozy. This was widely expected, yet looking deeper into the results leaves room for a lot of uncertainty towards the second round. EUR/USD reacted with a Sunday gap and lost the line it hardly managed to conquer
Hollande First, Sarkozy Second in First Round of French Presidential Elections
As expected, socialist opposition leader Françios Hollande and incumbent Nicolas Sarkozy win the first round of France’s presidential elections. They will challenge the presidency in a duel on May 6th. Data leaked to independent French bloggers shows that Hollande got around 28-29% of votes, while Sarkozy trails behind with 26%. EUR/USD gaps lower as the market opens
French Presidential Elections and the Euro
Europe’s second largest economy is facing the first round of presidential elections on April 22nd. Incumbent Nicolas Sarkozy and the main opposition leader Françios Hollande are expected to emerge as the candidates for the second round, held on May 6th. Update: According to data leaked to French bloggers, Hollande got 28-29% of votes while Sarkozy got
Spanish Auction: Full Cover but High Yields – EUR/USD Bounces Off Resistance
Spain exceeded the target of its fund raising, and received 2.541 billion euros, just above the 1.5 – 2.5 target. On the other hand, yields continued rising: fir the closely watched 10 year bond: 2022 bond yield 5.743% (last 5.403%). The short term funding was OK in terms of yields: 2014 yield 3.463% (last 3.495%) EUR/USD rose