Australian GDP is the primary gauge of the production and growth of the economy. It is considered by analysts as one the most important indicators of economic activity, and a reading which is higher than expected is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Wednesday at … “AUD/USD: Trading the Australian GDP”
Category: Opinions
EUR/USD: Trading the US ISM Non-Manufacturing PMI
The US ISM Non-Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers, excluding those in the manufacturing sector. Respondents are surveyed for their views on the services sector in the US. A reading which is higher than the market forecast is bullish for the dollar. Update: ISM Non-Manufacturing PMI crashes to 51.4 – … “EUR/USD: Trading the US ISM Non-Manufacturing PMI”
Brexit – Encouraging signs, but economy still not out of
Last week saw another solid report from the UK as the manufacturing PMI data emerging on the top. From July’s 85-month low of 48.3 (revised from 48.2), UK’s manufacturing PMI soared to a 10-month high in August to 53.3. The survey from Markit led David Nobel, CEO of CIPS claiming “Brexit breaks are off.” A … “Brexit – Encouraging signs, but economy still not out of”
Is the NFP still good enough for a September hike?
The NFP report missed expectations and we think the bar for a hike on September 21st was much higher than economists’ predictions anyway. Nevertheless, here are two opinions that still see a rate hike coming while another one circles December. Here is their view, courtesy of eFXnews: August NFP: Labor Markets Squeak Past Threshold For September Hike … “Is the NFP still good enough for a September hike?”
EUR/USD: Trading the US Non-Farm Payrolls
US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Published on Friday at 12:30 GMT. NFP only 151K, … “EUR/USD: Trading the US Non-Farm Payrolls”
Jackson Hole ends summer lull in the currency markets
Yellen’s speech as Jackson Hole sparks dollar buying August payrolls report could either be the catalyst to shape expectations for September rate hike FOMC and BoJ are the two main central bank meetings to watch this September ECB could most likely remain on the sidelines USDJPY could see strong moves into the two main policy … “Jackson Hole ends summer lull in the currency markets”
GBP/USD: Trading the UK Manufacturing PMI
The UK Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for the pound. Update: UK Manufacturing PMI jumps to 53.3 – GBP follows … “GBP/USD: Trading the UK Manufacturing PMI”
Is the Fed nearing a hike? NFP is a make or break moment
The dollar rallied on Yellen’s Jackson Hole speech and the consequent comments by Fischer and the upcoming Friday became much more important. Will the NFP justify a rate hike on September 22bnd? Here are two opposing opinions: Here is their view, courtesy of eFXnews: This Week’s NFP Data To Reinforce Our Fed Call For A September … “Is the Fed nearing a hike? NFP is a make or break moment”
USD/CAD: Trading the Canadian GDP
Canadian GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Wednesday at 12:30 … “USD/CAD: Trading the Canadian GDP”
Dollar emerges as winner after Yellen’s speech – is it
Janet Yellen said the case for a rate hike has strengthened, but also added the usual cautionary words. The dollar advanced, dropped and eventually emerged as a winner. Some see September as a potential date for a rate hike while others remain cautious and point to December. Here are three opinions: Here is their view, courtesy … “Dollar emerges as winner after Yellen’s speech – is it”