Forex Crunch » Existing Home Sales

US Housing Still Dragging its Feet – QE3 Still on the Cards

Yohay — Fri, 20 Jan 2012 15:24:57 +0000

US Existing Home Sales rose by around 5% to an annual pace of 4.61 million, from a revised 4.39 million last month. This is within expectations of 4.65 million.

Yet while this is a rise, the pace is still far from the good years. The tendency for another round of Quantitative Easing leans towards the aiding mortgage based assets.

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EUR/USD Jan. 20 – Dropping from High Ground as Greek Talks Continue

Yohay — Fri, 20 Jan 2012 08:53:30 +0000

Euro dollar tried to reach the 1.30 line but is now retracing the rise and dropping. A third day of talks in Greece yield talk about progress to avert a default in March, yet no deal is done yet. Positive US figures also supported the risk environment, with more coming to close the week. Will the euro close on high ground? Or are we set for another falling Friday?

Here’s an update on technicals, fundamentals and what’s going on in the markets.

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Forex Daily Outlook January 20 2012

anat — Thu, 19 Jan 2012 22:00:07 +0000

Forex Daily Outlook January 20 2012

We summarize this week Existing Home Sales in the US and Retail Sales in the UK are the major events this day. Here is an outlook on the market-movers awaiting us.

Read the rest of the article Forex Daily Outlook January 20 2012

Forex Weekly Outlook January 16-20

anat — Sat, 14 Jan 2012 10:00:38 +0000

The dollar made an impressing comeback at the end of a very eventful week. Will this continue? German ZEW Economic Sentiment, a rate decision in Canada, employment data in Australia and US housing figures are the highlights of this week. Here is an outlook on the main events in the week ahead.

Last week, the European Central Bank President Mario Draghi communicated calm and satisfaction with the central bank’s LTRO program saying it has successfully combated credit erosion. That move only provided temporary calm to the markets, until the massive downgrade by S&P for euro-zone countries and the collapse of talks between Greece and the banks. Also US data is beginning to worsen.

Read the rest of the article Forex Weekly Outlook January 16-20

Forex Daily Outlook December 21 2011

anat — Tue, 20 Dec 2011 22:00:37 +0000

Existing Home Sales in the US and MPC Meeting Minutes in the UK are the main events today. Here is an outlook on the market-movers awaiting us

In the US, Existing Home Sales, monthly report to value the inhabited houses that were sold on the last month (the previous month (not including new building), rise from 4.97M on November up to 5.04M is predicted now.

Read the rest of the article Forex Daily Outlook December 21 2011

Forex Weekly Outlook December 19-23

anat — Sat, 17 Dec 2011 10:00:21 +0000

The US dollar reached levels last seen in January, as the European troubles continued. The week before Christmas will likely see lower volume, but there still quite a few interesting events on the agenda, with US home sales and durable goods orders being the highlights. Here is an outlook for the main market movers awaiting us this week.

Last week US unemployment claims dropped to a three year low with 366,000 initial jobless claims suggesting a real recovery trend in the job market. Another surprise coming from the Euro-Zone with an unexpected improvement in the PMI; French Flash Services rose above the 50 point line and Germany service sector expanded to 52.7 from 50.3. Will these encouraging trends continue this week? Let’s Start

Read the rest of the article Forex Weekly Outlook December 19-23

EUR/USD Nov. 21 – Leans Lower as French Rating Endangered

Yohay — Mon, 21 Nov 2011 12:24:44 +0000

Euro dollar started the week lower, getting close to the bottom border of the range. In Spain, the center-right PP party won a landslide victory and has a mandate for austerity. This doesn’t cheer the markets. France’s perfect AAA is now endangered, and yields remain high. More significant bond buying action from the ECB is still awaited.

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

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Forex Daily Outlook November 21 2011

anat — Sun, 20 Nov 2011 22:00:31 +0000

We start the week with some interesting events like Existing Home Sales in the US and Wholesale Sales in Canada as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, Existing Home Sales, monthly indicator to value the sold uptown houses over the last month (without new building), reduced is forecasted from 4.91M on October down to 4.82M now.

Read the rest of the article Forex Daily Outlook November 21 2011

Forex Weekly Outlook November 21-25

anat — Sat, 19 Nov 2011 10:00:50 +0000

The European debt crisis worsened, and a credit crunch is now feared. This resulted in a stronger greenback. US GDP figures, Unemployment claims and German Ifo Business Climate are the major events this week. Here is an outlook on the main market-movers ahead.

Apart from Germany,a bond sell off was seen in every European country. Will German bonds sell as well? Will the benchmark break? If this happens, the euro’s losses will accelerate. Last week Weekly jobless claims dropped to 388K indicating a gradual improvement in the US job market. Most other US figures were upbeat. These favorable figures give room for cautious optimism in light of the global financial turmoil. Will this improvement continue?

Read the rest of the article Forex Weekly Outlook November 21-25

EUR/USD Oct. 20 – Drifts Lower in Channel as Summit Hopes Fade

Yohay — Thu, 20 Oct 2011 07:20:17 +0000

Euro dollar good moody again after a mini-summit in Frankfurt failed to produce the necessary headlines and hope for a grand plan in the bigger summit on Sunday. Some of the proposes may be a violation of the Maastricht treaty. It’s trending lower within a channel. Protests in Greece continue as the parliament is set to approve yet more austerity measures. Later we have key US figures.

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

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