British Retail Sales is considered one of the most important economic indicators. A reading that is higher than the market forecast is bullish for the British pound. Update: UK Retail Sales +0.2% – GBP/USD extends gains Here are all the details, and 5 possible outcomes for GBP/USD. Published on Thursday at 8:30 GMT. Indicator Background Retail Sales is the primary … “GBP/USD: Trading the British Retail Sales Jun 2015”
Category: Opinions
US Q1 GDP probably higher and the Fed knows it
As we await the all-important FOMC meeting, it’s a good opportunity to remind everybody that the Fed looks through the weakness in Q1 and cheers up on the encouraging data for Q2. But apart from growing evidence of the “transitory” nature of Q1, it’s important to note that perhaps the first quarter was not as bad as … “US Q1 GDP probably higher and the Fed knows it”
Why Is The Euro Holding In? How To Trade It? – Nomura
EUR/USD seems to return to its “Teflon” status and shrug off bad economic indicators, news about Greece, etc. Can it last for a long time? The team at Nomura explains what is going on and how it could change soon: Here is their view, courtesy of eFXnews: In a note to clients today, Nomura discusses the break … “Why Is The Euro Holding In? How To Trade It? – Nomura”
Sweating it Out
In 18 June 2014, Sweden’s National Institute of Economic Research forecast continued low inflation and that Riksbank would need to cut its repo rate at least 0.50%, if not more. The report also noted that economic growth expectations would not exceed 2.2% for 2014. Sweden had been reaping the benefits of reduced taxes, to the … “Sweating it Out”
The Fed and USD – All you need to know – MM #54
It’s a big Fed decision, with no strains attached. We provide the background, scenarios and potential USD reactions – all you need to know. We continue by tackling Greece from two angles: the current situation and bank stocks. You are welcome to listen, subscribe and provide feedback. Fed decision: The FOMC reaches this decision with no forward … “The Fed and USD – All you need to know – MM #54”
EUR/USD: Trading The German ZEW Jun 2015
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. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 9:00 GMT. Indicator Background … “EUR/USD: Trading The German ZEW Jun 2015”
USD: In Yellen We Trust – Credit Agricole
The tension is growing towards the all important Fed decision on June 17th. How will this affect the dollar? The team at Credit Agricole sees a stronger greenback and explains: Here is their view, courtesy of eFXnews: The USD has consolidated in the first two weeks in June. This comes on the heels of a solid … “USD: In Yellen We Trust – Credit Agricole”
Why Greece currently has leverage over all troika members
It all seemed positive yesterday, as Germany blinked and was ready for another can kicking exercise, accepting only one Greek reform for the time being. But as we noted, the IMF is a hurdle. And indeed, the IMF delegation, that officially “never leaves the table”, just did it and put all the blame on Greece. The IMF … “Why Greece currently has leverage over all troika members”
EUR/USD Trading the Consumer Sentiment Index June 2015
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 Confidence: 94.6 – above expectations Here are all the details, and 5 possible outcomes for … “EUR/USD Trading the Consumer Sentiment Index June 2015”
Greek Crisis: Happy End in Sight – New “Hard” Deadline
The reported willingness of Germany to compromise and settle for only one reform for now probably leads the way to an agreement between Greece and its creditors in the upcoming days. While June 30th is when the current bailout ends and also the IMF bundled payment is due, a hurdle worth double that amount awaits on July 20th – … “Greek Crisis: Happy End in Sight – New “Hard” Deadline”