The University of Michigan Consumer Sentiment Index surveys consumer attitudes and expectations about the US economy. An increase in consumer confidence is a positive sign about the health of the economy and is bullish for the US dollar. Update: US consumer sentiment beats with 92.1 Here are all the details, and 5 possible outcomes for EUR/USD. … “EUR/USD – Trading the University of Michigan Consumer Sentiment”
Category: Opinions
Fed December hike fading away – 7 developments
Nobody was expecting a hike in October after the no-hike in September, but Fed officials, including Janet Yellen, repeated the intent to raise rates in 2015, with the December 16th decision circled on everyone’s calendars. Following the weak NFP and disappointing retail sales, chances seem lower, but also Federal Reserve officials are now beginning to warm … “Fed December hike fading away – 7 developments”
Current USD weakness could be only the beginning
The team at HSBC continues challenging the consensus and explains why the US dollar could be on the cusp of a weakening trend. We have certainly seen some weakening today because of the poor retail sales report. Could this get much worse for the greenback. Here is their view: Here is their view, courtesy of eFXnews: “We … “Current USD weakness could be only the beginning”
GBP/USD: Trading the British Wages Oct 2015
British Average Earnings Index, released each month, is a leading indicator of consumer inflation. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 8:30 GMT. Indicator Background The Average Earnings Index is closely watched by analysts, and as a … “GBP/USD: Trading the British Wages Oct 2015”
MXN/JPY: Carry On!
On 9 September, Mexico’s President Enrique Peña Nieto nominated Banco de Mexico’s Governor Agustín Carstens for a second six year term. Governor Carstens is has been credited for taming inflation to the lowest levels in 50 years. Carsten’s innovative approach has resulted in consistent, within target, inflation. This is in spite of the Peso’s 22% … “MXN/JPY: Carry On!”
On TPP, BOJ and the Japanese yen
12 countries, most notably the US and Japan, signed in principle on the Trans Pacific Partnership (TPP) agreement, that is expected to enhance trade within a region where 40% of world trade already takes place. While we don’t officially know what is inside this secret agreement, it certainly has political impact for Japan. But this may go … “On TPP, BOJ and the Japanese yen”
No news is bad news for USD – MM #71
The meeting minutes from the Fed didn’t show the decision was close and that was bad news for the greenback. After starting with the minutes and other central bank reactions, we move to rising oil (certainly correlated) and the upcoming events – China is back. You are welcome to listen, subscribe and provide feedback. FOMC Minutes rundown: We … “No news is bad news for USD – MM #71”
EUR to fall on more ECB QE – Goldman Sachs
The euro managed to make its way higher amid doubts that the Fed will indeed raise rates. Can this course change? The team at Goldman Sachs analyzes the next moves: Here is their view, courtesy of eFXnews: “We analyse in more detail the drift lower in EUR cross-currency basis, in particular to understand the relationship to ECB easing. We … “EUR to fall on more ECB QE – Goldman Sachs”
USD/CAD: Trading the Canadian Jobs Oct 2015
Canadian employment change is an important leading indicator which has a significant impact on the markets. Traders and analysts carefully scrutinize employment figures, and a reading higher than forecast is bullish for the Canadian dollar. Update: Canadian jobs report beats with +12.1K, but unemployment rises to 7.1% Here are the details and 5 possible outcomes for USD/CAD. Published … “USD/CAD: Trading the Canadian Jobs Oct 2015”
AUD200 Bullish Swing Trade – 4 Hour Rejection Candle
I was just having some lunch when I got a notification on my iPhone from the Price Action Battle Station tool for MT4 that there was a potential bullish trade opportunity for me to check out on the Australian Stock Index. Not a market that I trade too much, but I checked out the charts, … “AUD200 Bullish Swing Trade – 4 Hour Rejection Candle”