EUR/USD recently fell to a fresh two year low at 1.2235. EUR/GBP is well under 0.80, at level last seen in 2008. EUR/JPY is around 11 year lows. UR/AUD ticked below 1.20 – a 23 year low. Only EUR/CHF is flat at 1.20, without any sign of life, thanks to the effective peg that the Swiss … “EUR/CHF Cannot Hold for Too Long”
Category: Opinions
USD/JPY: Trading the US jobless claims Jul 2012
US Unemployment Claims, a key indicator, is released weekly. It measures the number of people who filed for unemployment for the first time during the previous week. A reading which is higher than the market forecast is bearish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Thursday … “USD/JPY: Trading the US jobless claims Jul 2012”
US Unemployment – Not Only Wide, But Also Deep, Very
When discussing the economic situation in any country, the official unemployment is the key number. In the US, the unemployment rate stands on 8.2% for a few months. However, this number doesn’t tell the full story. The time that people are out of work has a long term impact on the economy. The unemployment rate … “US Unemployment – Not Only Wide, But Also Deep, Very”
Slovenia Doesn’t Need a Bailout, as Long as the Mood
Talks about a bailout for Slovenia have been circling in the markets, and have been denied at the recent Eurogroup meeting. Given past declarations, denials meant that a bailout is imminent. However, looking at Slovenia, the situation there isn’t that bad. What could lead the country to the hands of the troika would be a … “Slovenia Doesn’t Need a Bailout, as Long as the Mood”
What Can Forex Traders Learn from Mitt Romney’s Positions?
According to a fresh investigation by Vanity Fair, US presidential candidate Mitt Romney has $3 million in a Swiss bank account. This is not his only foreign account: Romney has accounts also in the Cayman Islands and Bermuda. Romney was a successful businessman, so perhaps his actions point to where the dollar is going. From … “What Can Forex Traders Learn from Mitt Romney’s Positions?”
GBP/USD: Trading the British Manufacturing Jul 2012
The British Manufacturing Production, a key indicator, provides analysts and traders with a snapshot of the health of the UK manufacturing sector. 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 Tuesday at 8:30 GMT. Indicator Background … “GBP/USD: Trading the British Manufacturing Jul 2012”
US Economy – One Bright Spot and Many Grey Ones
During the second quarter of 2012, most US indicators disappointed. The relative strength seen in the first quarter faded away during Q2. Towards the end of July, we will get a first assessment of the economy’s performance in Q2, and growth will likely be significantly lower than the 1.9% growth rate for Q1, which wasn’t … “US Economy – One Bright Spot and Many Grey Ones”
NFP Preview: Upside Surprise Could Hurt Dollar – 3
The Non-Farm Payrolls report for June is expected to be the fourth consecutive weak report. However, there are 4 signs pointing to the other direction. Update: the actual figure is +80K – a small disappointment – EUR/USD fallsthe actual figure is +80K – a small disappointment – EUR/USD falls For the dollar, the story is … “NFP Preview: Upside Surprise Could Hurt Dollar – 3”
Italian Bailout Coming Soon?
There is a significant risk that Italy will become the euro-zone’s 6th country to receive a bailout. Italy is the euro-zone’s third largest country and a member of the G-7. It also has the world’s third largest debt market. The debt-to-GDP ratio in Italy is over 120%. In the second Greek bailout, a goal of … “Italian Bailout Coming Soon?”
EUR/USD: Trading the ADP NFP July 4 2012 outlook
The ADP Non-Farm 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 Thursday at 12:15 GMT. Indicator … “EUR/USD: Trading the ADP NFP July 4 2012 outlook”