Post Tagged with: "Jean-Claude Trichet"
ECB Rate Decision – A non event
Today, the European Central Bank will make a decision about the interest rate in the Eurozone. This is supposedly the biggest event this week, after last week’s Non Farm Payrolls in the US. Most economists and analysts are expecting a half a percent cut, from 2.5% to to 2%. But Jean Claude Trichet and his friends
Forex Daily Analysis – January 13th 2009
The second day of this week sees the dollar strengthening on almost all fronts: only the Japanese Yen makes gains against the dollar. USD/JPY is now at 89.13. The big event today is Bernanke’s speech. Oil prices have fallen significantly, now under $37 a barrel. The Gaza war currently isn’t flaring the whole middle east,
Forex Daily Analysis – January 8th 2009
Big day today in the Forex market: The BOE will publish new interest rates in Britain, Ivey PMI in Canada, Unemployment Claims in the US, and many important speeches. Oil prices fell yesterday to$42.23 after the Crude Oil Inventories rose to 6.7M, much higher than expected. This large storage of oil eases oil prices, and weakens
Forex Daily Analysis – January 7th 2009
The peak of the day is the ADP Non-Farm Employment Change in the USA, building up expectations for the Non Farm PAyrolls on Friday. Important economic data begins early on Wednesday: In Austtralia, the monthly Retail Sales Trend is expected to show stability, at 0.1%. Also the HIA New Home Sales is a good indicator of the
Forex Weekly Outlook – January 5-9 2008
Finally, after two weeks of holidays, we have a full trading week. And it’s expected to be very exciting! Monday begins easily, with a speech by FOMC Member Yellen. Federal Reserve Bank of San Francisco President Janet Yellen might give some direction about the money printing that the Federal Reserve plans to spend. More from the US
Unemployment Claims Better Than Expected – Dollar Rises
Today’s Unemployment Claims in the USA were much better than expected – 492,000. It showed a significant drop from the numbers in the past few weeks, always above 550,000. It was also much better the Forex market’s expectations that were at 575K. This surprise is a sweet candy just before New Years. This figure send the
Forex Daily Analysis – December 31st 2008
The last day of 2008 is here. Markets are becoming thinner and thinner, as New Years celebrations get closer. Yesterday’s big news was the CB Consumer Confidence in the US, which is at a record low number of 38. Not only is it under 50 – which means contraction, it’s also well under the market’s expectations
Forex Daily Analysis – December 23rd 2008
In yesterday’s trading sessions, the US dollar strengthened against most currencies. The USD/JPY is back over 90, EUR/USD is under 1.40 and the GBP/USD is a little above 1.48. In New Zealand, the GDP retracted, but not as bad as expected: 0.4%. That did little to move the NZD/USD, currently at 0.5742. Today, there a