German ZEW Economic Sentiment is based on a monthly survey of institutional investors and analysts and their views of the German economy. A reading that is higher than the market forecast is bullish for the euro. Update: German ZEW economic sentiment jumps to 11.5 – EUR/USD extends gains Here are all the details, and 5 possible … “EUR/USD: Trading The German ZEW Nov 2014”
Month: November 2014
Sell AUD/USD On Any Bounce; Buy USD/JPY On Any Dip
USD/JPY is hesitating on its way up and AUD/USD is feeling relatively comfortable in the current trading ranges. What is the next move? Natixis calling to sell any bounce on the Aussie and to sell any dip in dollar/yen. What do you think? Here is their view, courtesy of eFXnews: In reaction to the a series of … “Sell AUD/USD On Any Bounce; Buy USD/JPY On Any Dip”
Euro Attempts to Recover During Early Trading
The euro is attempting to recover at the start of today’s trading session after sinking yesterday. The currency was soft during the previous session as comments from European policy makers pictured a pessimistic outlook for Europe’s economy. The Bundesbank said in its monthly report yesterday: The further deterioration in economic expectations and the stagnation of new orders point to a rather sluggish course of economic development in Germany until at least the end of 2014. European Central Bank President … “Euro Attempts to Recover During Early Trading”
Pound Drops vs. Dollar, Gains on Euro
The Great Britain pound fell against the US dollar during the current trading session as today’s data showed decline of UK house prices. The general risk-off market sentiment was not helping the currency to hold ground against the greenback though it allowed the sterling to outperform the euro. The Rightmove House Price Index dropped 1.7 percent in November from the previous month. House prices were still up on an annual basis. The unexpected … “Pound Drops vs. Dollar, Gains on Euro”
NZ Dollar Turns Downward Reversing Rally
The New Zealand dollar was rising today for the most part of the current trading session, but the currency turned downward after about 17:15 GMT. The kiwi was rising earlier as retail sales exceeded expectations. Statistic New Zealand released retail sales figures over the weekend. Sales were up 1.5 percent in the September quarter of this year from the previous three months compared to the predicted reading of 0.8 percent. Core … “NZ Dollar Turns Downward Reversing Rally”
US Dollar Mostly Higher After Wild Morning
US dollar is mostly higher after a wild morning in Forex trading. While greenback spiked against the yen earlier, the dollar is now down against its Japanese counterpart. However, the US dollar is higher against European currencies and against the Canadian dollar. The US dollar index is higher today, gaining ground after a wild morning. The news that Japan had fallen into recession led to some … “US Dollar Mostly Higher After Wild Morning”
Aussie Swings, Then Moves Lower
It’s been a choppy morning of trading so far, thanks in large part to the surprise data that shows Japan is in recession. The move has certainly impacted the Australian dollar, leading to wild swings in earlier trading. Now, though, the Aussie has settled down a little bit and is moving lower against most of its major counterparts. Aussie has had a rather eventful start to the week, thanks in large part to the surprise … “Aussie Swings, Then Moves Lower”
Australia to suffer a recession in 2015
A prominent economist has issued a warning that Australia will enter into a recession in 2015 and warned, “nothing can be done to stop it”. Chief economist at Saxo Bank Steen Jakobsen said that the conclusion of the mining boom combined with falling commodity prices and a slowdown in the Chinese economy would drag the … “Australia to suffer a recession in 2015”
Sell EUR/USD & Sell Gold: Credit Suisse’s Top Trades For
EUR/USD lost a lot of ground so far in 2014, and its fate is not set to be different according to Credit Suisse. Also gold will probably continue south according to the updated 2015 forecasts. Here are top 10 trades for 2015: Here is their view, courtesy of eFXnews: Credit Suisse is out with its … “Sell EUR/USD & Sell Gold: Credit Suisse’s Top Trades For”
USD/JPY: Almost To The Universe & Beyond: New Forecasts
Dollar/yen is feeling quite comfortable with the 116 handle, continuing its advance on the background of talk about snap elections. What’s next for the USD/JPY? Here’s a bullish view: Here is their view, courtesy of eFXnews: USD/JPY has continued its surge higher and has surpassed our forecasts. We expect that USD/JPY has more upside in store based … “USD/JPY: Almost To The Universe & Beyond: New Forecasts”