The US housing sector may have bottomed out, but the big question is: will it rise? Support for the US dollar from this sector will take time, say John Kicklighter of DailyFX. In the interview below, Kicklighter also discusses the achievements and hurdles of the EU Summit, the impact of the London Olympics and more. … “Housing Sector Recovery Critical for US Growth”
Category: Opinions
AUD/USD: Trading the Australian Retail Sales July 2012
Australian Retail Sales is considered one of the most important consumer indicators. The indicator’s release in the first week of each month provides analysts and traders with an early look at consumer spending. A reading that is higher than the market forecast is bearish for the US dollar. Here are all the details, and 5 possible outcomes for … “AUD/USD: Trading the Australian Retail Sales July 2012”
More USD Weakness In This Week? – Elliott Wave Analysis
We have seen a very strong risk-on reaction at the end of the past week, following the EU Summit, when the US dollar moved lower across the board as commodities and stocks found buyers. When analyzing the markets, it is important to respect this kind of a reaction which usually shows a clear direction for … “More USD Weakness In This Week? – Elliott Wave Analysis”
GBP/USD: Trading the British Construction PMI July 2012
The British Construction PMI Index is based on a survey of purchasing managers in the construction industry. Respondents are surveyed for their view on a wide range of business conditions, including employment, new orders, prices and inventories. A reading which is higher than the market forecast is bullish for the pound. Here are all the … “GBP/USD: Trading the British Construction PMI July 2012”
USD/JPY: Trading the US Manufacturing PMI
The US Manufacturing PMI is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economic and business conditions in the US. A reading which is higher than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes for … “USD/JPY: Trading the US Manufacturing PMI”
5 Holes in the EU Summit Agreement – EUR/USD Rally
This late night European Union Summit had some achievements. France, Italy and Spain insisted on focusing on measures for the current crisis, and not only long terms visions. The leaders agreed on allowing the bailout mechanism to directly recapitalize banks – a move that allows lifts the burden off Spain. In addition, the ESM will … “5 Holes in the EU Summit Agreement – EUR/USD Rally”
USD/CAD: Trading the Canadian GDP Jun 2012
The Gross Domestic Product (GDP) is a measurement of the production and growth of the economy, and analysts consider GDP one the most important indicators of economic activity. A reading which is higher than the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on … “USD/CAD: Trading the Canadian GDP Jun 2012”
USDJPY Very Bearish – Now Eying 78.60 While Below 80.60
USDJPY is still very weak since markets opened on Sunday, when market turned sharply bearish from 80.60. When the pair traded very close to wave (C)=(A) levels. We’ll notice that prices now already formed an overlap with 79.29 highlighted in our past updates which suggest that wave (C) of E is finished and that bear … “USDJPY Very Bearish – Now Eying 78.60 While Below 80.60”
5 Most Predictable Currency Pairs – Q3 2012
Every currency pair has a particular story, characteristics, behavior or misbehavior on the technical charts. Certain pairs will make a big breakout across clear lines of support and resistance and will not look back. Or, when they aren’t able to break through, they will slow down and back off. Those are the more predictable currency … “5 Most Predictable Currency Pairs – Q3 2012”
NZD/USD:Trading the NBNZ Business Confidence
The NBNZ Business Confidence Index measure the levels of business confidence in the New Zealand economy. The index is based on a survey of a wide range of businesses, including manufacturers, retailers and service providers. A reading which is better than the market forecast is bullish for the New Zealand dollar. Here are the details and 5 possible outcomes for NZD/USD. … “NZD/USD:Trading the NBNZ Business Confidence”