Japanese yen is gaining ground today, heading higher against most of its major counterparts. The latest expectations for stimulus have changed, and that means that the yen is benefitting from the idea that actual stimulus won’t involve as much as originally expected. Forex traders and analysts have been expecting Japanese officials to reveal another stimulus package following Prime Minister Shinzo Abe‘s recent victory. Speculation about … “Japanese Yen Gains on Change in Stimulus Expectations”
Month: July 2016
GBP/USD: Trading the British Preliminary GDP
British Preliminary 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, … “GBP/USD: Trading the British Preliminary GDP”
3 FOMC previews: a hike coming only in December?
As the Federal Reserve begins its July meeting, expectations are low for any significant outcome for now. Here are opinions from SEB, Bank of America Merrill Lynch and UBS, which converge towards a December move, but also leave some room for surprises: Here is their view, courtesy of eFXnews: Preview: FOMC In Wait & See Mode; Our Call … “3 FOMC previews: a hike coming only in December?”
Earliest possible Fed rate hike would be December; annualized
In an interview with Mauricio Carrillo on FXStreet, I discussed the upcoming Fed decision, GDP, various Brexit implications and more: The interview was originally published here or you can read it below: Do you think the Federal Reserve will offer any hint for an interest rate hike in the next months? The Fed is unlikely to provide … “Earliest possible Fed rate hike would be December; annualized”
German IFO Helps Euro in Forex Trading
Euro is mostly higher today, thanks in large part to the latest German IFO reading. Although nothing to be too excited about, the most recent data offers some hope for the embattled eurozone and shows continued optimism for what’s next — even with all of the downside risks emerging for the 19-nation currency region. At first glance, it seems a little counter-intuitive that the euro is on the rise after the latest German IFO report. After … “German IFO Helps Euro in Forex Trading”
US Dollar Loses Ground Ahead of Fed Meeting
US dollar is losing ground today, ahead of a Federal Reserve meeting later this week. Forex traders are consolidating their positions and profit taking as they wait to see what the Fed’s tone indicates for future rate hikes in 2016. US dollar index is lower today, after heading briefly higher. Lower commodities have provided some support for the US dollar, but right now Forex traders … “US Dollar Loses Ground Ahead of Fed Meeting”
Struggling with emotional trading? How to fully embrace risks
Living Without a Steady Paycheck “We are entrepreneurs! We are taking risks by not settling with comfort and security of a 9-5 job.” But for us Forex traders? Not quite. That above statement doesn’t quite fulfill the requirements of “fully taking risks.” If you lost a couple hundred bucks in trading and you got upset … “Struggling with emotional trading? How to fully embrace risks”
3 Reasons To Expect These 3 Easing Measures From The
The Bank of Japan meets this week amid high expectations and talk about helicopter money. Nomura sees three reasons for three easing measures: Here is their view, courtesy of eFXnews: We expect the BOJ to decide on additional easing at the meeting this week (28-29 July), as widely anticipated by the market. Our economists expect the BOJ … “3 Reasons To Expect These 3 Easing Measures From The”
Canadian Dollar Pulls Back After Earlier Gains
Loonie is mostly lower right now, following earlier gains. The Canadian dollar saw some initial gains today on better than expected economic data, but many of those gains have disappeared following uncertainties moving forward, along with an end to a recent winning streak by oil. Earlier, the Canadian dollar saw some gains, thanks to better expected economic data. The latest CPI data showed some modest … “Canadian Dollar Pulls Back After Earlier Gains”
UK Pound Plunges on Latest PMI Reading
Thanks to the Brexit vote, confidence in the UK economy is poised for big losses. The latest PMI reading — a special reading by Markit — indicates that things could be headed for trouble. Sterling is dropping dramatically on the news, losing ground to its major counterparts. The latest PMI readings from Markit are in, and they indicate potential trouble ahead for the UK economy in the wake of the Brexit vote. The PMI for the services sector dropped to 47.4 … “UK Pound Plunges on Latest PMI Reading”