Euro is lower today, dropping as speculation arises regarding the eurozone economy, and the possibility of recession. Manufacturing in the 17-nation currency zone has contracted for the eighth month in a row, and unemployment is at a level not seen for 14 years. Economists and analysts are speculating that the eurozone has slipped into a recession. While it will be a few weeks until all the data can be compiled to create a picture of the eurozone’s economic growth … “Euro Drops on Speculation that Eurozone Economy is in Recession”
Month: April 2012
Forex Crunch Key Metrics March 2012
March saw a nice rise in page views and page views per visit in comparison to February and also to a rise in comparison to March 2011. The drama in the European debt crisis was significant, but as the “can was kicked down the road”, no big long term moves were seen, and the actual … “Forex Crunch Key Metrics March 2012”
Yuan Gains as China’s Manufacturing Expands
The Chinese yuan gained today as a government report showed that China’s manufacturing is expanding, reducing concerns about the slowdown in the Asian nation and leading to the speculation that the nation’s policy makers will allow the currency to appreciate. The government data showed that China’s manufacturing Purchasing Managers’ Index rose from 51.0 in February to 53.1 in March, while a drop to 50.9 was expected. A figure above 50.0 indicates an expansion. The HSBC report … “Yuan Gains as China’s Manufacturing Expands”
5 Most Predictable Currency Pairs – Q2 2012
If your currency pair breaks a significant support or resistance line, does it push through and make an impressive move? If the pair doesn’t break through, does it slow down when approaching such a line? If so, this is a predictable currency pair. Yet not all currency pairs behave this way, to say the least. … “5 Most Predictable Currency Pairs – Q2 2012”
GBP/USD: Trading the British Construction PMI April 2012
The British Construction PMI Index, released in the first week of the month, is based on a survey of Purchasing Managers in the construction industry. Respondents are surveyed for their view of business conditions, and the index is an important indicator of activity in the construction sector. Here are all the details, and 5 possible outcomes for … “GBP/USD: Trading the British Construction PMI April 2012”
USD/CHF: Trading the Swiss Retail Sales April 2012
Swiss Retail Sales is considered one of the most important indicators of consumer spending. The indicator’s release in the first week of the month provides analysts and traders with their first look at consumer spending for the previous month. A reading that is higher than the market forecast is bearish for the US dollar. Here are … “USD/CHF: Trading the Swiss Retail Sales April 2012”
Yen Posts Losses as Week Ends on Optimistic Note
The Japanese yen fell this week as market sentiment was swinging back and forth among pessimism and optimism, but ended the week leaning to optimistic outlook for Europe and for the global economy in the whole. Traders were feeling optimistic about Europe’s ability to overcome its crisis. The US economy still looks robust, even though some data made investors worried. Even China is still considered an economic powerhouse by many experts … “Yen Posts Losses as Week Ends on Optimistic Note”