Post Tagged with: "recession"
EUR/USD Nov. 8 – Stalls Before Italian Vote
Euro dollar is now trading in a narrow range awaiting the votes in the Italian parliament. There is a chance that Berlusconi might lose the votes and might be forced to resign. Italian bond yields continue soaring and this risks higher margin – the same path Greece, Ireland and Portugal went through. More meeting by finance
Euro Weakness: Not Only the Debt Crisis
The euro is trading lower and will likely to be heavy towards the upcoming summit. But the euro’s problems are not limited to the debt crisis. In the interview below, David Song of DailyFx discusses the euro, the hopes for the US in averting recession, the weight on the pound and other current fundamental questions.
Greek Default Could Trigger Euro Rally, US Recession Could Aid Dollar
A default in Greece could already be significantly priced in, and a US recession, which also looks imminent, could help the US dollar. Not necessarily what you were thinking? It’s the “buy the rumor, sell fact phenomenon. But there’s one currency and one event to which this phenomenon will not likely apply. In the interview
FOMC Expresses Concern – Rates Low up to Mid 2013 – USD/CHF Plunges
Ben Bernanke and his colleagues released a statement expressing concern about the slow pace of the faltering economic recovery, stating that rates sill likely remain at low levels up to mid 2013 Three members dissented from this policy change and a preferred the previous, more hawkish tone. No hints about QE3 were seen in the
Bernanke Prints Dollars – Greenback Back Down
Ben Bernanke prints more dollars as expected from early hints. The methods that the central bank will now use, and the worries about the slowdown, end the dollar’s round trip, and makes the break down of EUR USD a false break – at least for now. In my post about scenarios for the Fed decision,
GBP/JPY Breaking Higher
The British Pound got some great news, managed to climb. While GBP/USD stopped at a resistance line, GBP/JPY managed to break higher. Update on both pairs. British Nationwide HPI rose by 0.7%, significantly higher than the early expectations for a 0.2%. This important house prices index showed that the dip in house prices last month
Pound Unimpressed From Better GDP
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
Forex Daily Outlook – February 26th 2010
The week ends with two revised GDP figures in Britain and in the US, as well as other moving figures. Let’s see what’s awaiting us today. Early in the day, British GfK Consumer Confidence isn’t expected to move from the negative score of -17. This will stop months of slow improvement. Nationwide HPI is an important
Forex Weekly Outlook – February 22-26
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
EUR/USD Falls on Stagnant Europe
EUR/USD breaks to a new 9 month low after GDP is very worrying. An no – the Greek crisis is far from over. Next stop – 1.3420. European GDP figures were very disappointing. Germany’s economy didn’t grow in Q4. This followed weak growth in Q3. According to the initial release, the German economy stalled. This