Forex Crunch » German Ifo Business Climate

EUR/USD Jan. 25 – Vulnerable Ahead of the Fed

Yohay — Wed, 25 Jan 2012 11:09:28 +0000

Euro dollar is vulnerable ahead of a busy day. The US rate decision is highly anticipated, but may disappoint. More positive signs are seen from Germany today, while Greece and its bondholders are still in a standoff regarding the “voluntary” haircut – this hurts the euro. The ECB is also under pressure to undergo a haircut on its Greek bonds. It’s going to get even more busy.

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

Read the rest of the article EUR/USD Jan. 25 – Vulnerable Ahead of the Fed

German Ifo Business Climate Rises to 108.3 – Germany Drifts Away from Recession

Yohay — Wed, 25 Jan 2012 09:02:22 +0000

German Ifo Business Climate rose to 108.3 points. Early expectations stood on a rise to 107.6 points from last month’s 107.3.

EUR/USD trades in the 1.30 to 1.3060 range and now pushes higher.

Read the rest of the article German Ifo Business Climate Rises to 108.3 – Germany Drifts Away from Recession

EUR/USD Outlook January 23-27

Yohay — Sat, 21 Jan 2012 14:00:05 +0000

Euro/dollar had a very positive week, riding on new hope for the old continent. Is this a desired correction, or a change in trend?The euro-zone will now receive fresh growth indicators, an important survey and other events. Here is an outlook for the upcoming events, and an updated technical analysis for EUR/USD.

After talks about the Greek haircut broke down last week, they resumed and apparently yielded a deal. Also Spain’s auctions distanced it from the danger zone and helped the euro. Yet in Greece’s case, it’s important to remember that a 50% haircut isn’t a 50% reduction of debt, and that only the fragile banks will suffer and not the ECB. Not yet.

Read the rest of the article EUR/USD Outlook January 23-27

Forex Weekly Outlook January 23-27

anat — Sat, 21 Jan 2012 10:00:27 +0000

The dollar dropped sharply in a very positive week. Is this temporary or a does it represent a big change? Initial GDP figures for the US and the UK and two rate decisions are the major events this week. Here is an outlook on the main market-movers coming our way.

The upcoming Greek debt deal certainly helped improve market atmosphere. In the US, jobless claims plunged dramatically to a nearly four-year low of 352,000 claims, 50,000 down from the prior week, while early expectations stood on 387K. The Philly Fed Index reached 7.3 points with a dominant employment factor. These good employment readings give further boost to the recovering job market. Will the job market continue to improve? Let’s start:

Read the rest of the article Forex Weekly Outlook January 23-27

EUR/USD Dec. 20 – Waiting for the Hammer to Fall

Yohay — Tue, 20 Dec 2011 12:44:35 +0000

Euro dollar remains in a tight range, that is becoming narrower. Will the pair break out and make a sharp move? A positive German Ifo Business Climate figure helps the pair, but only in range. Decisions made in the EU Summit seem hard to implement, especially regarding the IMF loan. The ECB refuses to step up bond buying as Spain has another bond auction. Rating agencies are active, but they haven’t reached the shores of France.

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

Read the rest of the article EUR/USD Dec. 20 – Waiting for the Hammer to Fall

Forex Daily Outlook December 20 2011

anat — Mon, 19 Dec 2011 22:00:04 +0000

US housing data and Euro-Zone business and consumer sentiment as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, Building Permits the annualized amount of residential permits released in October was well beyond predictions reaching 650,000 after 590,000 in the prior month. A small drop to 630,000 is expected now.

Read the rest of the article Forex Daily Outlook December 20 2011

EUR/USD:Trading the German Ifo Business Climate

kenny — Mon, 19 Dec 2011 08:21:32 +0000

The German Ifo Business Climate is a monthly composite index of about 7,000 businesses which are asked to rate current business conditions and their expectations over the next six months. This makes it a leading indicator of economic health and a major market mover for EUR/USD. A reading that is higher than forecast is bullish for the Euro.

Here are all the details, and 5 possible outcomes for EUR/USD.

Read the rest of the article EUR/USD:Trading the German Ifo Business Climate

EUR/USD Outlook December 19-23

Yohay — Sat, 17 Dec 2011 14:00:45 +0000

Euro/dollar finally gave in to all the bad news and fell to levels last seen in January. Will we see a new year to date low, or will trading calm down from here? We have quite a few events just before the Christmas holiday. Here is an outlook for these events and an updated technical analysis for EUR/USD.

The lack of an immediate remedy from the EU Summit was the main reason out of many why the euro fell. This came despite some positive signs from PMIs and successful bond auctions in Spain. The IFO business climate could provide good news for Germany, but the Italian worries are due to continue, especially with the GDP report.

Read the rest of the article EUR/USD Outlook December 19-23

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: Trading the German Ifo Business Climate Index

kenny — Wed, 23 Nov 2011 08:00:13 +0000

The German Ifo Business Climate is a monthly composite index of about 7,000 businesses, which are surveyed on current business conditions and their expectations concerning economic performance over the next six months.

Here are all the details, and 5 possible outcomes for EUR/USD.

Read the rest of the article EUR/USD: Trading the German Ifo Business Climate Index