In the weekly interview on Forex TV, I spoke with Julie Sinha about key events this week and technical level of three pairs – EUR/USD, GBP/USD and AUD/USD. This is an eventful week for the British pound in particular. Enjoy! British inflation is above target, but the labor market is also suffering. Will we see … “Video – Key Events and Technical Levels”
Month: January 2011
The Long Trend for GB
How should we regard the UK Claimant Count Figures due Weds 0930 GMT? There could be a temporary dip in the count, but will this actually mean unemployment has gone done, or more importantly that more people are economically active? Guest post by Bob Nielsen People are thrown off the count for transgressions of the complex … “The Long Trend for GB”
CAD Drops Following BoC Decision to Leave Rate at 1%
The Bank of Canada left the overnight interest unchanged and stated its opinion on the possibility of future rate hikes, sending the Canadian dollar straight south against all other major currencies today. The loonie declined even against the US dollar, which is experiencing a rather bad day as of now. The CAD has been bullish before the rate decision was released by the BoC. While the market participants expected that the overnight rate target … “CAD Drops Following BoC Decision to Leave Rate at 1%”
Pound Up on Accelerated Inflation
The Great Britain pound rose against all other major currencies (except euro) today, as the December inflation in United Kingdom surged above the expectations. UK Office of National Statistics reported the consumer price index at 3.7 percent for December 2010 — above 3.3 percent November reading and 3.4 percent forecast by the major economists surveyed by Bloomberg. The value is also above the Bank of England target of 3 percent. Such inflation level … “Pound Up on Accelerated Inflation”
Euro Drops Against Majors — Germany Reluctant to Increase Help
Euro declined against almost all other top-traded currencies today as the commentaries from the Eurozone’s financial officials didn’t add optimism to the major European debt holders. Investors believe that the indebted Eurozone countries (such as Greece, Ireland and Spain) will require additional bail-out funds to keep their debt from defaulting. Meanwhile Finance Minister of Germany Wolfgang Schäuble is reluctant to increase the size of the help fund for those economies: … “Euro Drops Against Majors — Germany Reluctant to Increase Help”
Irish Banks Scavenging Central Bank
After taking bonuses, the Irish banks are now seizing money from Ireland’s central bank. In urgent need for cash, banks such as Allied Irish Bank (nyse:aib) and the Bank of Ireland (nyse:ire) are now using unknown funds – not from European Central Bank (ECB) but rather the local one. The Telegraph reports that the vast … “Irish Banks Scavenging Central Bank”
BabyPips Interview
BabyPips interviewed me for their December edition of their Q&A corner. In the interview, I’ve discussed trading experiences, becoming a successful trader, correlation between personality and trading style and lots more. The page also features interviews with Casey Stubbs and Rafael Rosa. Enjoy! BabyPips is a great forex education site, especially for beginners.
Lebanon Indictments Submitted to Tribunal
The prosecution in the Special Tribunal for Lebanon handed in their conclusions to the judge. The conclusions probably include indictements of Hezbollah members in the murder of former Lebanese prime minister Rafik Hariri. Daniel Bellemare handed the papers today to pre-trial judge Daniel Fransen, but an official statement will be released tomorrow, January 18th. His son, Saad … “Lebanon Indictments Submitted to Tribunal”
Hezbollah Taking Over Lebanon?
Hezbollah is preparing to take over Lebanon – perhaps by creating an alternative government, or by ousting Saad Hariri, which is now the prime minister of a temporary government. The Hezbollah indictments, by the Special Tribunal for Lebanon (STL), might be released as early as Monday, January 17th. Hezbollah pushed Hariri to disconnect himself and … “Hezbollah Taking Over Lebanon?”
5 Reasons to Doubt the Euro Rally
EUR/USD made a remarkable recovery in the past week, but it didn’t manage to break above critical resistance. Is this a sign? Or is the common currency taking it step by step? 5 reasons to challenge this rise. 1. Portugal At the beginning of the week, Portugal seemed to be very close to getting a … “5 Reasons to Doubt the Euro Rally”