Tension is clearly growing towards the March meeting of the European Central Bank, with even some hawkish members talking about their readiness to act. How should one trade it? Here is the word from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: We argue the March ECB meeting could be the … “Buying The EUR Dip Tactically Around The ECB March”
Month: February 2016
EUR/USD: Trading the US Preliminary GDP
US Preliminary GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity, and publication of Preliminary GDP could have a significant impact on the movement of EUR/USD. A reading which is better than the market forecast is bullish for the dollar. Here are all … “EUR/USD: Trading the US Preliminary GDP”
Dollar Fails to Rally due to Poor Economic Data from USA
The US dollar was rising against other currencies during the Wednesday’s trading session but was hurt by weak macroeconomic data released from the United States. As a result, the greenback traded flat against some most-traded currencies and fell versus others. The US currency still outperformed the Great Britain pound due to the Brexit fears. Unlike the previous trading session, when US economic reports were mixed, Wednesday’s data was … “Dollar Fails to Rally due to Poor Economic Data from USA”
Brexit Polls Weigh on the UK Pound
UK pound is lower today, thanks in large part to concerns over the fact that there is uncertainty over what will happen when citizens vote in a referendum on European Union membership. The date for the referendum on remaining in the European Union has been set for June 23, 2016. There are concerns that a Brexit could really happen. An opinion poll from ICM found that 42% of respondents wish to remain … “Brexit Polls Weigh on the UK Pound”
USD/JPY: Trading the US New Home Sales Feb 2016
US New Home Sales indicator is released monthly, and provides analysts with important data the health and direction of the housing sector. A higher reading than the market prediction is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Wednesday at 15:00 GMT. Indicator Background US New … “USD/JPY: Trading the US New Home Sales Feb 2016”
What’s Left In Mario’s Cart? What’s Next For EUR? – CIBC
March 10th is a date circled on many calendars: it’s the ECB meeting, What does Mario Draghi have in store? Where will EUR/USD be next? Here is a preview from CIBC: Here is their view, courtesy of eFXnews: ECB President Mario Draghi has already unleashed a sizeable wave of central bank stimulus, but it hasn’t … “What’s Left In Mario’s Cart? What’s Next For EUR? – CIBC”
GBP/USD: Trading the British Second Estimate GDP
British Second Estimate GDP, one of the most important economic releases, is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the pound. Here are all the details, and 5 … “GBP/USD: Trading the British Second Estimate GDP”
The Struggle for the bottom of GBP/USD
When Politics collides with Forex When two big political figures in British politics collide on an issue you know the ripple effect will be felt in multiple Forex pairs. So we are patently watching GBP/USD to see one of two things: a solid support level, a breakout to the downside. Support right now is firmly … “The Struggle for the bottom of GBP/USD”
3 Reasons Why We Still See EUR/USD Falling To Parity
EUR/USD is sliding form the highs but still keeps a distance of no less than 10 big figures from parity. Nevertheless, the team at Deutsche Bank sees a fall to parity and beyond: Here is their view, courtesy of eFXnews: Deutsche Bank remains committed to its bearish EUR/USD forecasts and looks for a move down to … “3 Reasons Why We Still See EUR/USD Falling To Parity”
Play the 1.40 level on GBP/USD
Ryan Littlestone, Director and Trading Analyst for Forex Live, joined Zak Mir, Technical Analyst for Zak’s Traders Cafe, on the Tip TV Finance Show to discuss the increase in trading fear on the back of developments in a Brexit, and to show how to trade the GBP/USD in the near-term. Topics Covered: Forex, USD/JPY, EUR/GBP, … “Play the 1.40 level on GBP/USD”