Post Tagged with: "Flash Services PMI"
EUR/USD Challenges Lows on Weak European PMIs
Purchasing managers’ indices in the euro-zone fell short of expectations, with the services sector in the whole region being the biggest disappointment. This gave the euro another push down, extending the big losses that followed Bernanke. EUR/USD made a dive from almost 1.38 to 1.3570 after Bernanke announced Operation Twist but nothing else. and traded
EUR/USD Sep. 22 – Trying to Stabilize After Bernanke’s Blow
Euro dollar is settling in low ground after the big blow it got from the action and especially the inaction by the FOMC. Today’s busy calendar could open the door for more falls. Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian session: Falls were slightly extended, and
Forex Daily Outlook – September 22 2011
US unemployment claims and Canadian retail sales are the major events this day. Let’s see what awaits us today. In the US, Unemployment Claims the number of Americans filing their initial unemployment claims increased more than predicted to 428,000 from 417,000 in the preceding week indicating uncertainty in the job market. A drop to 419,000
EUR/USD Outlook – September 19-23
The euro managed to recover, but didn’t get too far, as a Greek default is still on the cards. The upcoming week consists of important surveys and PMIs that will show if conditions continue to worsen. Here is an outlook for the upcoming events, and an updated technical analysis for EUR/USD. This week’s rate decision by the
EUR/USD Aug 23 – Pushes Higher
Euro dollar enjoyed some positive PMIs and managed to break resistance. The gains held even as the all important ZEW survey was back to Lehman levels. Before Berannke speaks on Friday, there are still many events to move the markets today. Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD
Forex Daily Outlook – August 23 2011
New Home Sales in the US and ZEW Economic Sentiment in Europe are the main events lined up. Let’s see what awaits us today. In the US, New Home Sales, important monthly indicator to rate the new homes that were sold, rise to 313K is expected from 312K on July. Later in the US, Richmond Manufacturing
EUR/USD Outlook – August 22-26
Euro/dollar had another volatile week, in which hopes switched to growing fear about the banks. The upcoming week consists of many important surveys. Here is an outlook for the upcoming events, and an updated technical analysis for EUR/USD. Merkel and Sarkozy didn’t provide the eurobonds that many had wished for. Nevertheless, the euro enjoyed the
EUR/USD July 21 – Falling Sharply As a Greek Default Replaces Hope
Euro dollar rose to resistance on talks about a positive outcome for the EU Summit. This was dampened by fresh indicators showing a further slowdown in the euro-zone and a big confusion about the details of the agreements, and it now seems that a Greek default is going to be agreed by the leaders. Details are
EUR/USD Retreats from Resistance On the European Slowdown
Euro/dollar is backing down on its efforts to break higher. The manufacturing sector in the euro-zone is on the verge of contraction: Flash PMI has scored only 50.4 points, hardly clinging on to the positive side and significantly lower than 51.6 that was predicted. Services PMI also disappointed with a score of 51.4 points, lower
Forex Daily Outlook – July 21 2011
US Unemployment claims, Ben Bernanke’s speech and US Philly Fed Manufacturing Index are the major market-movers. Let see what awaits us today. In theUS, Unemployment Claims measuring the number of Americans filing initial jobless claims dropped unexpectedly to 405,000 last week from427,000 inthe week before. This reading was below the 413,000 expected. A small increase