Bernanke fails to feed markets

It was clear that after the recent run of soft data, some were desperate for Fed Chairman Bernanke to drop hints about further QE when he spoke yesterday.  As it was, whilst he was fairly cautious on the economic outlook (describing the recovery as “frustratingly slow”), he didn’t throw out any bones for commodity, FX

Forex Daily Outlook – June 7 2011

Consumer Credit Change in the US and BRC Shop Price Index in the UK are the main events lined up.  Let’s see what awaits us today. In the US, Consumer Credit Change, measuring the volume of money that individuals lent. Shows if consumers can afford large expenses, and encourage economic growth or overheating, a positive

Consumer Credit Change in the US and BRC Shop Price Index in the UK are the main events lined up.  Let’s see what awaits us today. In the US, Consumer Credit Change, measuring the volume of money that individuals lent. Shows if consumers can afford large expenses, and encourage economic growth or overheating, a positive

EUR/USD Outlook June 6-10

The Euro had a great week, recovering some of the losses it encountered during May. The upcoming week’s highlight is the rate decision with the press conference of Trichet. Here’s an outlook for 9 events awaiting us, and an updated technical analysis for EUR/USD. We’ve seen some risk averse moves in the past week: Bad

GBP/USD Outlook June 6-10

The British pound had a bad week as many indicators have shown a slowdown in the British economy. The upcoming is very busy as well, with the rate decision being the highlight. Here’s an outlook for the British events, and an updated technical analysis for GBP/USD, now in lower ground. Only the construction sector was

Canadian Dollar – June 6-10

Many important events await traders of the Canadian dollar with Employment and Housing Data, Ivey PMI and Trade Balance. Here’s an outlook for the 7 events that will rock the loonie this week, and an updated technical analysis for USD/CAD. The Bank of Canada provided a very hawkish outlook for the future, and this boosted

Forex Weekly Outlook –June 6-10

Another week saw another sharp downfall of the US dollar. Will this continue into the next week? We have rate decisions in the Euro-Zone, the UK, Australia and New Zealand as well as  employment data from the Canada and Australia among other events.  Here is an outlook on the important events ahead. Signs of a

Forex Daily Outlook – May 31 2011

Consumer confidence, Chicago PMI in the US, employment and inflation in the Euro-zone and a rate decision in Canada are the main events lined up in this busy day.  Let’s see what awaits us today. In the US, Chicago Purchasing Managers Index - Monthly release measuring business conditions purchasing managers from Illinois, Indiana and Michigan. An

Forex Daily Outlook – May 30 2011

GDP in Canada and New Home Sales in Australia are the main highlight on today’s outlook. Let’s see what awaits us today. In Canada, Gross Domestic Product (GDP), the broad measure of the Eurozone, total value of all goods and services produced by the Eurozone. Is expected to rise by 0.4% on the monthly repot

NZD/USD Outlook –May 30 – Jun 3

The kiwi made an impressive move upwards and is very close to the all time high. Can it break higher? NBNZ Business Confidence and Building Consents are the major events this week. Here is an outlook on the market-movers lined up and an updated technical analysis for NZD/USD. 2-Year Inflation Expectations in New Zealand is forecasted