Post Tagged with: "Industrial Production"
EUR/USD Feb.15 – Rising in Downtrend Channel on Milder Recession
Euro dollar is trading in a downtrend channel as the pressure on Greece continues. A video conference replaces today’s planned Eurogroup meeting, and the second bailout is expected to be approved only on Monday. Initial GDP figures for the euro-zone came out better than expected and helped the pair stabilize. Today we’ll get to see the
Forex Daily Outlook February 15 2012
FOMC Meeting Minutes in the US and BOE Inflation Report in the UK are the main events today. Here is an outlook on the market-movers awaiting us In the US, Federal Open Market Committee (FOMC) Meeting Minutes that is scheduled 8 times a year, shows the FOMC’s most recent meeting latest record and provides the
EUR/USD Rises to Resistance on Strong ZEW Economic Sentiment
The German ZEW Economic Sentiment provided a very positive surprise: it jumped to positive ground: +5.4 points. This actually expresses optimism for a change. EUR/USD climbs but cannot break resistance. The ZEW survey is usually more pessimistic than other figures. It was expected to advance from -21.6 to -11.8, reflecting less pessimism. After 8 months
EUR/USD Feb.14 – No Love for the Euro on Valentine’s Day
Euro dollar is sliding slower within the range, as cracks appear in the upcoming package for Greece. This includes the long awaited haircut deal (PSI) which might not see too many happy volunteers after all. The multiple downgrades from Moody’s don’t improve the mood either. We have a busy day ahead on both sides of the
Forex Daily Outlook February 14 2012
Japan’s rate decision, German ZEW Economic Sentiment and US retail sales figures are the main evets today. Let’s preview the major market-movers lined up for us. In the US, Retail sales value increased 0.1% in December lower than the 0.3% gain predicted following 0.4% rise in the previous month while Core sales unexpectedly declined 0.2%
EUR/USD Outlook February 13-17 2012
Euro/dollar couldn’t hold to gains, as the second Greek bailout deal couldn’t be sealed. Is Greece close to a breaking point? The initial GDP releases are the highlights this week, as news from Athens continues flowing. Here is an outlook for this week’s events and an updated technical analysis for EUR/USD. ECB President Mario Draghi left
Forex Daily Outlook February 9 2012
Unemployment Claims in the US and MPC Rate Statement in the UK are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, The number of individuals who filed for unemployment insurance over the last week, is due to rise up from 367K to 390K. More in the US, Wholesale Inventories,
Forex Daily Outlook February 7 2012
In the US Fed Chairman Bernanke Testifies and Building Permits in Canada are the main events lined up, let’s see what awaits us today. In the US, Ben Bernanke, Federal Reserve Chairman, is due to testify in Washington DC. More in the US, Investor’s Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP), Economic Optimism
EUR/USD Jan. 18 – Slips From Double Top on New Debt Crisis Worries
Euro dollar is slipping from high range, after finding limits for the rally. Strong German indicators and a yet another positive bond auction in Spain certainly help. On the other hand, the growing chance of a Greek default, the deterioration of Portugal and a new threat on Italy all weigh heavily on the common currency. Here’s
Forex Daily Outlook January 18 2012
TIC Long-Term Purchases in the US and Claimant Count Change in the UK are the main events today. Here is an outlook on the market-movers awaiting us In the US, Producer Price Index (PPI); primary sign of consumer inflation that value the producer’s price change of finished goods and services, deduction is expected from 0.3%