British Retail Sales is considered a key economic indicator and provides analysts and traders with a snapshot of consumer spending in the UK. A reading that is higher than the market forecast is bullish for the British pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Thursday at 8:30 GMT. Indicator Background Retail Sales is … “GBP/USD: Trading the British Retail Sales Jul 2012”
Category: Opinions
British Pound – QE Versus European Flows
The UK economy isn’t doing so well but not all forces are against the pound. Here are the factors moving sterling: An official recession was confirmed after a second quarter of contraction in Q1. Q2 doesn’t seem to be much better. Unemployment refuses to fall, and the weaker demand from Europe hurts the economy. Lower inflation: … “British Pound – QE Versus European Flows”
GBPUSD: Correction Finished; Now Up To 1.58 (Elliott Wave
Cable was trading lower early last week, when pair touched channel support and then sharply reversed to the upside. This usually occurs in a corrective-contra-trend price action. In fact, a decline since mid-June is clearly in three waves and now the bounce from 1.5389 also looks impulsive so looking for higher levels at this stage … “GBPUSD: Correction Finished; Now Up To 1.58 (Elliott Wave”
Greece Can Return to the Spotlight Sooner than Later
After the pro-bailout New Democracy party won the elections in Greece, the country got some relief. A new government was formed, and the new Prime Minister Antonis Samaras skipped the EU Summit (due to medical issues). This kept Greece away from the spotlight. In the good news department, a rise in hotel reservations was recorded … “Greece Can Return to the Spotlight Sooner than Later”
Germany Isn’t Immune
Many still see the euro as the heir of the old Deutschmark despite the currency union and despite the fact that the debt crisis in countries other than Germany weigh on the value of the currency. The euro-zone’s trade balance can justify this stance: Germany’s surplus pushes the whole region to a surplus. Germany’s output … “Germany Isn’t Immune”
EUR/USD: Trading the German ZEW Jul 2012
The German ZEW Economic Sentiment Index 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. … “EUR/USD: Trading the German ZEW Jul 2012”
Problems in Italian Bailout
Italy may a face a bailout sooner than later. Like the Italian sovereign, also Italian banks are somewhat hiding behind Spanish banks. The situation there isn’t much better; however, Italy’s main problem is financing itself (the sovereign) in the markets. There is a good chance that Italy will receive some kind of help to lower … “Problems in Italian Bailout”
NZD/USD: Trading the New Zealand CPI
The New Zealand CPI (Consumer Price Index), which is released each quarter, is a key inflation index which measures the change in the price of goods and services charged to consumers. A reading which is higher than the market forecast is bullish for the New Zealand dollar. Here are all the details, and 5 possible outcomes for NZD/USD. Published on Monday at … “NZD/USD: Trading the New Zealand CPI”
FOMC Minutes Show that Extended Twist was Substitute to
In the last meeting of the FOMC on June 19-20, an extension of Operation Twist was announced. There was a big debate if this is a stepping stone towards QE3, or just a substitute. The meeting minutes give the impression that it was a substitute: only a major disaster could move the Fed towards expanding … “FOMC Minutes Show that Extended Twist was Substitute to”
AUD/USD: Trading the Chinese GDP July 2012
The Chinese Gross Domestic Product (GDP) measures 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 Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Friday at 2:00 GMT. … “AUD/USD: Trading the Chinese GDP July 2012”