Hopes for QE3 rose after the terrible NFP, but with extremely low yields, the Fed is running out of bullets. Spain just doesn’t have enough money to go around, and is much closer to a bailout that European leaders admit, says David Rodriguez of DailyFX. In the interview below, Rodriguez discusses Spain, QE3, Japan’s debt, … “Fed Running Out of Options, Spain Running Out of Money”
Category: Opinions
USD/JPY: Trading the US Non-Manufacturing PMI
The US Non-Manufacturing PMI is based on a survey of purchasing managers in sectors other than manufacturing. Respondents are surveyed for their view of the economy 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. Published on … “USD/JPY: Trading the US Non-Manufacturing PMI”
New Month Could Trigger Fresh Big Moves
The month of May was different than previous months: currencies made significant shifts towards the dollar and the yen and away from all the rest. Also stock markets haven’t been that stable, especially not in Europe. Many money managers need to readjust their portfolios to the new conditions, in order to meet their commitments. This … “New Month Could Trigger Fresh Big Moves”
EUR/USD: Trading the Non-Farm Payrolls
The Non-Farm Employment Change, released by the US Government, measures the change in the number of 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 Friday at … “EUR/USD: Trading the Non-Farm Payrolls”
AUD/USD Key Resistance, in Temporary Recovery (Elliott Wave)
The Aussie is trying to recover from the low of 0.968, but for now a substructure of that bounce looks corrective. The pair is also approaching a key resistance area around 0.9937-a former wave 4. Guest post by Gregor Horvat If the bearish trend will continue then this the current price is an ideal zone … “AUD/USD Key Resistance, in Temporary Recovery (Elliott Wave)”
GBP/USD: Trading the US Pending Home Sales
US Pending Home Sales is an important leading economic indicator, considered by analysts as a good measure of the health and direction of the housing sector. As a key indicator, this release can affect the movement of GBP/USD. A higher reading than forecast is bullish for the dollar. Here are all the details, and 5 … “GBP/USD: Trading the US Pending Home Sales”
AUD/USD: Trading the Australian Retail Sales
Retail Sales is considered one of the most important indicators of consumer spending. In turn, consumer spending and confidence are critical components for economic growth. 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. Published on Wednesday at … “AUD/USD: Trading the Australian Retail Sales”
USD/JPY: Trading the US CB Consumer Confidence Index
The Conference Board Consumer Confidence Index is based on a monthly survey of about 5,000 households regarding their opinion of the economy. An unexpected reading can affect the direction of JPY/USD, and a higher reading than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published … “USD/JPY: Trading the US CB Consumer Confidence Index”
GBP/USD: Trading the British GDP
The British Gross Domestic Product (GDP) provides a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which 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 … “GBP/USD: Trading the British GDP”
USD/CAD: Trading the US New Home Sales
USD/CAD: Trading the US New Home Sales The US New Home Sales report is a leading indicator for measuring activity in the housing sector, a critical component of the economy. A higher reading than the market forecast is bullish for the US dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Wednesday … “USD/CAD: Trading the US New Home Sales”