The University of Michigan Consumer Sentiment Index surveys consumer attitudes and expectations about the US economy. An increase in consumer confidence is a positive sign about the health of the economy and can help strengthen the US dollar. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Friday at 13:55 GMT. Indicator … “EUR/USD: Trading the UoM Consumer Sentiment July 2013”
Month: July 2013
AUD/USD: Trading the Australian jobs Jul 2013
The Australian Employment Change indicator, released monthly, is an important leading indicator which often has a significant impact on the markets. Employment figures are important as they provide a snapshot of the health of the economy. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are the details … “AUD/USD: Trading the Australian jobs Jul 2013”
Rising house prices in Germany could limit flexibility with
Germany hasn’t suffered a real estate boom and bust. People going on vacation to Berlin are often amazed by the low prices of everything, including housing, in the German capital. However, this might be changing as prices begin rising all over Europe’s largest economy. The change could lead to less German flexibility with the ECB’s … “Rising house prices in Germany could limit flexibility with”
Japanese Yen Strengthens on BOJ Expectations
Even though the Bank of Japan is in the midst of a rather large easing operation, the yen is finding strength today. This is due, in large part, to the fact that many Forex traders expect that, rather than expanding the easing efforts, the BOJ will keep things the same. Yen is gaining against all of its major counterparts today, thanks in large part to the fact that the Bank of Japan is expected … “Japanese Yen Strengthens on BOJ Expectations”
Euro Struggles after ECB Comments
Euro is struggling today. Even though the 17-nation currency is higher against the US dollar and the UK pound right now, it is having difficulty maintaining its gains, and there are concerns that could bring it down later. Earlier, the euro dropped to a three-month low against the US dollar on the latest comments coming out of the ECB. Board member Jorg Asmussen expanded upon remarks made by ECB … “Euro Struggles after ECB Comments”
EUR/USD: Trading the US Unemployment Claims Jul 2013
US Unemployment Claims is released weekly, and measures the number of people filing for unemployment for the first time. It is considered an important measure of the health and direction of the US economy. A reading which points to more claims than the market forecast is bullish for the euro. Here are all the details, and 5 … “EUR/USD: Trading the US Unemployment Claims Jul 2013”
Loonie Finds Support in Recent Economic Data
Canadian dollar is finding support in recent economic data today. Loonie is up against its major counterparts, including the greenback, as better news out of Canada supports the currency, and as a touch of risk appetite provides demand for yield. Recent economic data out of Canada has been somewhat encouraging. Statistics Canada released a report that showed building permits rose in May, rising a seasonally adjusted 4.5 per cent, … “Loonie Finds Support in Recent Economic Data”
US Dollar Strengthens as Earnings Kick Off
US dollar is strengthening today following the earnings kick off for the second quarter. With good news from Alcoa building on last week’s strong jobs data, dollar is finding support from expectations that the Fed taper will begin soon, and the economy will strengthen. The news is good for the US economy, resulting in gains for the US dollar right now. Alcoa, the largest aluminum producer in the United States, started … “US Dollar Strengthens as Earnings Kick Off”
EUR/USD: Break of 1.2800 Puts 1.2500 In Play – Elliott
EUR/USD made three legs up from the 1.2750 low to 1.3420 which we believe was a corrective, contra-trend price action within a larger downtrend. We are talking about blue wave (2) which is showing signs of completion around the 1.3420 level after a sharp decline in the last three weeks with an impulsive personality. Notice … “EUR/USD: Break of 1.2800 Puts 1.2500 In Play – Elliott”
LXSuite Venture Edition – low-cost brokerage solution for start-up
Leverate, which makes software solutions for brokers, launched a new initiative: LXSuite Venture Edition. It has zero set-up and monthly maintenance fees and could be useful for the startup broker. Leverate recently stepped into the Japanese market. For more details, here is the official press release: July 8, 2013 – Leverate today has released LXSuite … “LXSuite Venture Edition – low-cost brokerage solution for start-up”