We again reach the monthly circus: Non-Farm Payrolls. And in this publication, it is of high importance due to the critical impact on the upcoming lengthened FOMC meeting due later in the month. NFP Preview. Last month’s Non-Farm Payrolls report was finally good: not extraordinary, but a gain of 117K still points to growth, and … “Non-Farm Payrolls Critical For QE3 Decision – Preview”
Month: August 2011
USD/JPY Weakens, USD/CAD Bearish Threat
USDJPY: Weakens, Closing In On The 75.92 Level. USDJPY: With continued bearish threats seen, further weakness is expected to shape up towards its 2011 low at 75.92. A decisive clearance of that level will eventually resume its long term downtrend towards the 74.00 level and then the 73.00 level, all representing its psycho levels. Guest … “USD/JPY Weakens, USD/CAD Bearish Threat”
Aussie defiance
It could be argued that it has been a terrible month for the Aussie. The economy down under is clearly slowing, there is speculation that the RBA might even lower rates before the end of the year, house prices are declining, some of the world’s major advanced economies may be lurching back into recession and … “Aussie defiance”
AUD/USD: Recovery Since Aug 9th still Searching For A
Aussie rallied into a new high in recent sessions, after the prices were unable to break through the swing lows that we paid attention on in the past week. So as long this pair will be forming higher highs and higher lows, trend will be considered as a bullish, but still corrective! We are now … “AUD/USD: Recovery Since Aug 9th still Searching For A”
USD/CHF: Trading the Swiss GDP
The Gross Domestic Product (GDP), a quarterly index which measures the production and growth of the economy, is one the most important economic indicators of the health of the economy. The publication of Swiss GDP may have a critical effect on USD/CHF. Here are all the details, and 5 possible outcomes for USD/CHF. Published on Thursday at … “USD/CHF: Trading the Swiss GDP”
USD/JPY: Trading the US ADP NFP August 31 2011
The ADP Private Sector Job Indicator is a significant index which estimates the change in employment figures. It is an important indicator of job creation, which in turn impacts on consumer spending and economic growth. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Wednesday at 12:15 GMT. Indicator Background Together … “USD/JPY: Trading the US ADP NFP August 31 2011”
Swedish Krona Falls on Growth & Interest Rates Outlook
The Swedish krona today fell against all its most-traded peers as the government slashed its growth forecast for the nation’s economy, spurring speculation that the central bank won’t be able to increase lending rates. Sweden cut its growth forecast for this year from 4.6 percent to 4.1 percent. The forecast for the next year was slashed from 3.8 percent to 1.3 percent. The Riksbank will announce its decision on interest … “Swedish Krona Falls on Growth & Interest Rates Outlook”
USD Gains vs. EUR & CHF, Falls vs. JPY
The US dollar managed to gain against the euro and the Swiss franc today, but fell against the Japanese yen as mixed fundamentals left traders unsure about prospects for the US currency. The Standard & Poor’s Case-Shiller House Price Index fell 4.5 percent in June on year-over-year basis. That’s better result than the predicted 4.7 percent decline and the drop by 4.6 percent in May. On the other hand, Conference Board consumer sentiment was … “USD Gains vs. EUR & CHF, Falls vs. JPY”
Building Permits in Australia & New Zealand Rise, Aussie & Kiwi Gain
The Australian and New Zealand currencies rose today, before declining later, after the reports showed that number of building permits in these countries increased in July. New Zealand building consents rose 6.3 percent in July, following a fall of 4.3 percent in June. Australian building consents increased 1.0 percent in July on a seasonally adjusted monthly basis after falling 3.6 percent in June. Currently, the kiwi tends to decline, while the Aussie … “Building Permits in Australia & New Zealand Rise, Aussie & Kiwi Gain”
Euro Ends Rally as ECB Expected to End Interest Rates Hikes
The euro slumped today, ending its two-day rally against the dollar, on the speculation that the European Central Bank will stop to increase interest rates as economic outlook became uncertain. ECB President Jean-Claude Trichet said yesterday during the Hearing at the Committee on Economic and Monetary Affairs of the European Parliament: Incoming information since our last regular hearing in June continue to point towards ongoing growth in the euro area, although â as expected … “Euro Ends Rally as ECB Expected to End Interest Rates Hikes”