The latest economic events in the U.K. haven’t been enough to push GBP/USD in a clearer direction, as most of the releases have failed to impress. The BOE (Bank of England) monetary policy meeting minutes were just released and although it showed a unanimous vote in keeping policy unchanged, it also showed that policymakers had … “GBP/USD Still Establishing Direction”
Month: April 2014
GBP/USD: Trading the British Preliminary GDP Apr 2014
British Preliminary GDP is a measurement of the production and growth of the economy and analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the British pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Tuesday at 8:30 GMT. … “GBP/USD: Trading the British Preliminary GDP Apr 2014”
Forex and cricket
It is not altogether uncommon for people to try and compare professions with sport. With trading this is equally true and I have heard many times people compare forex trading to baseball, American football or even tennis. In many ways, baseball is a good comparison; The film Moneyball by Brad Pitt is an interesting example … “Forex and cricket”
NZD Post Rate Hike Levels
So Mr Wheeler and friends at the RBNZ raised rates as expected by .25% to 3% last night. I think that some of the language that accompanied it was a lot less bullish than the last time and we are starting to hear them speak in stronger terms about their concern over the high valuation … “NZD Post Rate Hike Levels”
Euro-zone QE: How about buying Gold?
Here’s an idea: the European Central Bank could fight deflation by printing euros to buy gold from outside the euro-zone, thus weakening the exchange rate of euro. In turn, exports will become more attractive and import prices will rise, boosting growth and inflation. Sounds like a crazy idea? It certainly is in the realm of unconventional … “Euro-zone QE: How about buying Gold?”
GBP/USD: Trading The British Retail Sales Apr 2014
British Retail Sales is considered one of the most important indicators of consumer spending. The indicator’s release in the first week of each month provides analysts and traders with an early look at consumer spending. A reading that is higher than the market forecast is bullish for the British pound. Here are all the details, and 5 possible … “GBP/USD: Trading The British Retail Sales Apr 2014”
Inflation below 0.5% could force the ECB to act
A move below 0.5% in headline CPI, the ECB’s mandate, would be seen as a trigger point beyond which the ECB will be unable to simply stand by and keep talking about the potential for further easing measures, says Simon Smith of FxPro. In the interview below, Smith also addresses the US economy “spring bounce”, … “Inflation below 0.5% could force the ECB to act”
EUR/USD: Trading The German IFO Apr 2014
German Ifo Business Climate is a monthly composite index of about 7,000 businesses, which are surveyed about current business conditions and their expectations concerning economic performance over the next six months. A reading which is higher than the estimate is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. … “EUR/USD: Trading The German IFO Apr 2014”
NZD/USD Long-Term Trend and RBNZ Policy Bias
NZD/USD is moving inside a strong uptrend, as seen on its long-term forex time frames. However, the pair is testing the top of the ascending trend channel on the daily chart, indicating a potential selloff. Recall that the latest leg of the rally was inspired by a hawkish RBNZ (Reserve Bank of New Zealand) interest … “NZD/USD Long-Term Trend and RBNZ Policy Bias”
AUD/USD: Trading the Australian CPI
Australian CPI (Consumer Price Index), which is released each quarter, is an inflation index which measures the change in the price of goods and services charged to consumers. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published … “AUD/USD: Trading the Australian CPI”