The US Unemployment Claims indicator is released weekly, and measures the number of people filing 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 at 12:30 … “USD/JPY: Trading the US jobless claims Apr 2012”
Category: Opinions
3 Outstanding Acts of Hypocrisy Towards Greece
The word Hypocrisy comes from Greek, yet in the Greek crisis, there are too many cases of hypocrisy towards Greece from its EU partners. The current leadership of the Hellenic Republic is playing along. What will happen if Greek voters say enough is enough? The euro will not like it. Arms sales are untouched: With all … “3 Outstanding Acts of Hypocrisy Towards Greece”
FOMC Meeting Preview
The Federal Reserve is digesting the good and bad signs in the US economy in its two day meeting. What will the outcome be? The upcoming decision is more significant than the previous one, as it consists of members’ forecasts as well as a press conference by Ben Bernanke. This will supply lots of volatility … “FOMC Meeting Preview”
GBP/USD: Trading the British GDP
The Gross Domestic Product (GDP) indicator is 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 better than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday … “GBP/USD: Trading the British GDP”
US Economy: The Good and the Bad Before the FOMC Meeting
At the beginning of the year, the US economy seemed on track for a strong recovery. Since then, some worrying signs have emerged and the picture is more complex. Here is a review of the good and bad indicators. towards the FOMC meeting on April 25th: The Good Growth continues: The US economy is still growing … “US Economy: The Good and the Bad Before the FOMC Meeting”
AUD/USD: Trading the Australian CPI Apr 2012
The Australian CPI (Consumer Price Index), which is released each quarter, is an 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 Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published … “AUD/USD: Trading the Australian CPI Apr 2012”
French Presidential Elections and the Euro
Europe’s second largest economy is facing the first round of presidential elections on April 22nd. Incumbent Nicolas Sarkozy and the main opposition leader Françios Hollande are expected to emerge as the candidates for the second round, held on May 6th. Update: According to data leaked to French bloggers, Hollande got 28-29% of votes while Sarkozy got … “French Presidential Elections and the Euro”
GBP/USD: Back To Bullish Mode Above 1.6 (Elliott Wave)
Despite some weakness seen in the pound for more than a week back from 1.6060 level, the pair was unable to break beneath the support channel line that is connected from the January low. In fact, this line caused a strong buying into a new high seen in the past week, which we now believe … “GBP/USD: Back To Bullish Mode Above 1.6 (Elliott Wave)”
GBP/USD: Trading the British Retail Sales Apr 2012
British Retail Sales is considered one of the most important indicator of 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 GBP/USD. Published on Friday at 8:30 GMT. Indicator Background Consumer spending is one of the most important … “GBP/USD: Trading the British Retail Sales Apr 2012”
Without a Higher Participation Rate, US Job Growth Will
US jobs growth is mediocre at best, and the current job growth trend cannot last for too long, says Christopher Vecchio of DailyFX. The US economy may be on a better footing than in previous years, but it’s hard to be optimistic. In the interview below, Vecchio discusses the situation in the US, the impact … “Without a Higher Participation Rate, US Job Growth Will”