Post Tagged with: "trade balance"
Big Day for EUR/USD: Falling After Greek PSI, Before Eurogroup and NFP
Euro dollar is sliding in range after the results of the Greek PSI were published. 85.8% was the participation rate before activating CACs. It will reach 95.7% afterwards. ISDA will discuss triggering a credit event due to the CACs at the same time that the Eurogroup will discuss how to proceed with Greece. Some hedge funds
Forex Daily Outlook March 9 2012
We summarize this week Unemployment Rate in the US and Manufacturing Production in the UK are the major events this day. Here is an outlook on the market-movers awaiting us. In the US, Unemployment Rate, measures in percentage the total work of unemployed that are actively seeking for jobs on the past month, 8.3% is
AUD/USD Outlook March 5-9
The Australian dollar was up slightly against the US dollar last week, climbing above the 1.07 level to close at 1.0730. The upcoming week has six releases. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD. AUD/USD made some strong upward moves, taking advantage of continuing trouble in the eurozone, as the euro continues to sag. AUD/USD
USD/CAD Outlook March 5-9
USD/CAD finally moved to lower ground. Gradual rises in oil prices are exactly what’s needed to help Canada without hurting US demand. The rate decision and employment data are the major events this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Updates: A rise in GDP of 0.4% lifted the
Forex Weekly Outlook March 5-9
The US dollar reversed its losses as QE3 is closer to the back burner and Greece is still wallowing in the mire. A long list of heavyweight US figures leading to the Non-Farm Payrolls, 5 rate decisions (including the euro-zone) and a possible decision on Greece all await us on this very busy week. Here
Forex Daily Outlook February 27 2012
We start the week with some interesting events like Pending Home Sales in the US and M3 Money Supply Europe as the main highlight on today’s outlook. Let’s see what awaits us today. Group of Twenty (G20) Meetings, is scheduled in Mexico City for the 2nd day to discuss global financial and the Eurozone debt
NZD/USD Outlook Feb. 27- Mar 2
The New Zealand dollar reached new highs, but couldn’t hold on to them. Greece will continue influencing the kiwi also now. NBNZ Business Confidence is the highlight of this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD. Last week RBNZ inflation expectations survey revealed a decline to 2.5% for
Forex Daily Outlook February 21 2012
Public Sector Net Borrowing in the UK and Retail Sales in Canada are the main events lined up. Let’s see what awaits us today. In Canada, Retail Sales, key gauge of consumer spending is about to reduce from 0.3% down to -0.2%,. Meanwhile the Core Retail Sales (excluding automobiles) is due to remain 0.3% similar
Forex Daily Outlook February 20 2012
We start the week with some interesting events like Rightmove HPI in the UK and PPI Input in New Zealand as the main highlight on today’s outlook. Let’s see what awaits us today. In Great Britain, Rightmove House Price Index (HPI), important housing industry’s to measures the homes for sale asking price, is predicted to
USD/JPY Outlook February 20-24
Dollar/yen is finally on the move. The pair surged higher and touched levels last seen in the summer. Will this continue? Adjusted Merchandise Trade Balance is the highlight of this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY. Last week Japan’s economy shrank by 0.6% in the fourth quarter amid floods in