The Fed statement was relatively upbeat and optimistic about the US economy, blaming the Q1 weakness on the weather and leaving the hands of the Fed fully free to act – there is no more forward guidance of any sort. Looking a bit closer into the statement, we can find a hint about why the Fed leans to … “Does the Fed see the US consumer going on a”
Category: Opinions
EUR/USD: Trading the US GDP April 2015
US Advance GDP is a key release and is published each quarter. Advance 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 higher than the market forecast is bullish for the dollar. Here are all the details, and 5 … “EUR/USD: Trading the US GDP April 2015”
FOMC Preview – 5 keys to look out for
The Federal Reserve convenes for a meeting that does not consist of new forecasts nor a press conference. In addition, no policy change is expected, and these expectations are a result of the Fed’s explicit wording in the last meeting. Update: Fed decision boosts USD that sees through Q1 weakness So, does this imply an a boring event? … “FOMC Preview – 5 keys to look out for”
Is CAD Oversold; How To Play It Now? – Credit Agricole
The Canadian dollar enjoyed a nice ride on strengthening oil prices. Is it too little? Too much? The team at Credit Agricole examines. Here is their view, courtesy of eFXnews: The focus for CAD next week shifts to growth numbers for February. The market is looking for a slight moderation in the annualised figure to 1.8% … “Is CAD Oversold; How To Play It Now? – Credit Agricole”
GBP/USD: Trading the British Preliminary GDP Apr 2015
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. Update: UK GDP only +0.3% – … “GBP/USD: Trading the British Preliminary GDP Apr 2015”
Sell EUR/USD At Current Levels: Here Is Why – Barclays
EUR/USD managed to move a bit higher in a week that saw not so convincing euro-zone news but much bigger disappointments from the US. Is Greece the reason to sell? Not exactly, but Barclays has a conviction to be short at current levels. Here is why: Here is their view, courtesy of eFXnews: Despite the lack of … “Sell EUR/USD At Current Levels: Here Is Why – Barclays”
US GDP may have contracted in Q1 – USD shrugs it off
Core durable goods orders fell by 0.2% in March, worse than a rise of 0.2% expected. And, this came on top of a downwards revision for last month’s number. Taking one step back, the last time that core orders enjoyed a rise was back in September. The USD retreated, but then the markets probably remembered … “US GDP may have contracted in Q1 – USD shrugs it off”
EUR/USD: Trading the German IFO Apr 2015
German Ifo Business Climate is a monthly composite index of about 7,000 businesses, which are surveyed about current business conditions and their expectations concerning economic performance over the next six months. A reading which is higher than the estimate is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. … “EUR/USD: Trading the German IFO Apr 2015”
EUR/USD: USD To Strike Back – Nordea
EUR/USD has been weakening due to weaker euro-zone data, and that is a change after many positive surprises. And now, the pair may have more room to fall with the greenback taking the driver’s seat. Here is the view from Nordea: Here is their view, courtesy of eFXnews: The USD has fared well despite the … “EUR/USD: USD To Strike Back – Nordea”
GBP/USD: Trading the British Retail Sales Apr 2015
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 falls 0.5% – GBP/USD slides 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 Apr 2015”