Post Tagged with: "G20 summit"
EUR/USD Rally – Very Problematic
The Euro has all the reasons to celebrate today: G20 resolution, Trichet’s defiance, and bad jobless claims. The Euro will soon meet resistance, since this rally is problematic. Very problematic. G20 leaks suggest that the leaders will succeed in reaching a joint agreement for stimulating the world. A $750 billion strong IMF can do much
G20 Verdict: To Spend! Dollar Falls
G20 Summit in London is set deliver results – increasing the IMF’s budget to $750 billion and to tighten regulation. This dollar spending and these hopes of world economic revival hurt the dollar, and hurt the Yen even more. Contrary to early expectations, the leaders of G20 are getting closer and might deliver significant results.
Forex Daily Outlook – April 2nd 2009
Big day in the forex market: G20 summit leaks and statements, and the ECB rate decision will dominate the day. And there’s more… G20 summit talks are now in progress in London. Will the leaders act together? Will they decide on a huge spending plan? What about regulation? All the official and unofficial news from
Continued American Housing Doesn’t Help The Dollar
Housing data in the US continues to shine, with Pending Home Sales showing strength and surprising. But the markets have their heads in the next two days: G20 Summit and NFP. Tension is high… Pending Home Sales have been very positive: A rise of 2.1%, compared to early expectations of 0.2%. Comparing to last month, it
Forex Daily Outlook – March 31st 2009
There are lots of economic indicators today, from all over the globe. The main events are the European CPI Flash Estimate, Canadian GDP and the American CB Consumer Confidence . The leaks from the G20 summit will continue to move the dollar also today. British GfK Consumer Confidence was a positive surprise despite being negative: it printed -30
Yen Dollar Correlation – Upside Story
The US dollar and the Yen continue to work in correlation, and today, the dollar made gains – the Yen extended them. I’ve written in the past about the Dollar Yen Correlation. In previous events, such as the FOMC Trillion dollar printing statement, the dollar weakened, and then the Yen weakened even more. Today, it
AUD/USD New Resistance Line Formed
AUD/USD fails to extend its gains despite good economic indicators and strong momentum. A new resistance line has been formed, and might be tested later this week. Last week, the Aussie settled above the 0.70 line. There was no technical resistance there – just psychological. After a short struggle, AUD/USD traded nicely above this line,
EUR/GBP Locked Between Uptrend Support and Strong Resistance
EUR/GBP found strong resistance at the magical 0.95 line, and slipped downwards. It doesn’t have much room to move due to uptrend support. This week’s high volatility should push it over the top – breaking resistance on the road to parity. EUR/GBP traded this week in a 250 pips range, from 0.9420 to 0.9170. In
Forex Weekly Outlook – March 30 – April 3 2009
Big week ahead in the forex market. Non Farm Payrolls, ECB rate decision and the G20 summit talks will be the highlights of the week. There are lots of other major indicators this week, that begins with important indicators on Sunday night! Here’s what’s cooking for us this week: Sunday, March 29th: There are important
G20 Summit – To Spend Or Not To Spend?
The G20 summit is due on Thursday. The US and the UK tend to call for a global stimulus plan while Germany wants to slow down. Will money be spent? Who will spend? And how will the forex market move? Heads of state from the top 20 industrialized nations are getting together in London, on