Forex Crunch » growth

EU Leaders Finally Address Growth – More Steps Needed

Yohay — Thu, 21 Jul 2011 12:59:52 +0000

According to leaked documents from the EU summit, there is indeed some hope for the euro-zone: the leaders are shifting their focus on growth and not on austerity. This is a good first step that helps the euro, but more needs to be done. The EU provided 3 positive decisions. Two more are missing, and they are at the hands of ECB.

Growth is the key to getting out of this mess. Without growth, the debt to GDP ratio just grows and the chances of standing back up on the feet are lower – a vicious cycle. Up to now, austerity medicine was prescribed. This medicine isn’t going away, but also some positive measures.

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USD/CAD: Trading the Canadian GDP Release

Yohay — Thu, 28 Apr 2011 15:00:11 +0000

Canada’s is unique by providing GDP on a monthly basis, providing action for USD/CAD each time. This release is expected to cut the winning streak. Here’s an outlook for this event 5 possible outcomes for USD/CAD.

Indicator Background

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Britain’s Economy Jumps by 1.1% in Q2 – Pound Leaps

Yohay — Fri, 23 Jul 2010 08:38:24 +0000

The British economy grew by 1.1% in the second quarter of 2010 according to the first release. This is a very impressive leap, much higher than 0.6% that was expected. GBP/USD reacts with a leap against the dollar, breaking the 1.5350 resistance line and continuing north. Update on the recovering Pound.

Early expectations stood on a growth rate of 0.6%, double the growth rate of Q1. The actual result, 1.1%, is almost double the early forecasts and almost 4 times the growth rate in Q1. Let’s see the lines:

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How a Jobless Recovery Looks in Forex – Non-Farm Payrolls Preview

Yohay — Mon, 01 Mar 2010 13:15:42 +0000

The US economy is growing, but without a gain in jobs. A loss of jobs will also be seen in the upcoming Non-Farm Payrolls release on March 5th. How will this impact forex trading? Here’s a preview.

On one hand, the American economy is growing nicely. I had doubts about the first release that showed an annual growth rate of 5.7%, but these doubts were erased with the second release, that was revised to 5.9%. But that’s only one side of the story.

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Pound Unimpressed From Better GDP

Yohay — Fri, 26 Feb 2010 10:06:12 +0000

British GDP was revised to the upside, and even better than expected. This hardly helps the Pound, that struggles under a strong resistance line.

According to the second release of British GDP (Gross Domestic Product), the economy grew by 0.3% in the fourth quarter of 2009. This is an upwards revision from the initial release that showed only 0.1% growth.

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Forex Daily Outlook – February 24th 2010

Yohay — Tue, 23 Feb 2010 22:00:51 +0000

Ben Bernanke’s testimony will be the centerpiece of today’s events, including releases from many countries. Let’s see what’s awaiting us.

For those of you who haven’t noticed, I have a spot on Forex TV, where I talk about the markets. In these interviews I speak about currencies that I cover in the weekly outlooks, and also to additional ones. Here’s the latest video outlook. OK, let’s start the review:

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Forex Weekly Outlook – February 22-26

Yohay — Sat, 20 Feb 2010 21:00:35 +0000

After another wild week and a very surprising rate hike, the last week of February also has its share of big events. Bernanke will continue to dominate the scene with two testimonies and revised GDP in the UK and the US will supply an exciting end to the week. And there are more market moving events. Here’s the weekly outlook.

Ben Bernanke stole the show with a surprising hike of the discount bank rate. This came after the close of the American stock markets but forex trading continues all the time – the dollar leaped. Some currencies took a bigger hit than others. This event will continue to dominate trading on Monday when there aren’t any major releases. Later there are more issues…OK, let’s start the review:

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Pound to climb up the mound?

Yohay — Tue, 08 Dec 2009 21:53:49 +0000

Some good news for the Pound today – growth has returned to the UK according to the unofficial NIESR GDP estimate. This news was unnoticed. Looking at the near past, this institute was very accurate. Here is how you can use this info in the future.

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Forex Daily Outlook – November 24th 2009

Yohay — Tue, 24 Nov 2009 00:16:11 +0000

After some dollar weakness but continuing range trading, at least for EUR/USD, an extremely busy day expects traders: revised GDP in the US, and Germany are only a few of the upcoming events in this long day. Here’s the (long) daily outlook:

Japan’s BOJ Monthly Report starts the day, with an insight into the economy. On the other side of the day, Japanese Trade Balance surplus is predicted to rise significantly.

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EUR/USD hesitates on slow growth in Europe

Yohay — Fri, 13 Nov 2009 10:11:59 +0000

The Euro zone is out of recession, with another quarter of growth in the large countries and a first quarter of growth for the whole continent. Although these results were expected, EUR/USD reacted positively to this growth.

Germany, the continent’s largest country, was the first to release Gross Domestic Product for the third quarter, at 7:00 GMT. After the surprising growth figures in the second quarter, Germany’s economy expanded at a faster pace, 0.7%.

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