The Canadian dollar was one of the strongest currencies yesterday, with USD/CAD falling sharply lower after a swing reversal from 1.0032 where we believe that wave (ii) reached a peak. Notice that decline is very sharp, which also broke and closed below corrective channel and base channel support as well. This is indication for a … “USD/CAD Can Reach 7-Month Low (0.9800) Elliott Wave Analysis”
Category: Opinions
EUR/USD: Trading the US Unemployment Claims Apr 2012
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 EUR/USD. Published on Thursday at 12:30 … “EUR/USD: Trading the US Unemployment Claims Apr 2012”
NZD/USD: Trading the New Zealand CPI
The New Zealand CPI (Consumer Price Index), which is released every 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 New Zealand dollar. Here are all the details, and 5 possible outcomes for … “NZD/USD: Trading the New Zealand CPI”
Weaker Euro Can Help Spain Fight Unemployment
Spain has the highest unemployment rate in the euro-zone 23.6% according to the latest data with more than double for younger workers. Many multinational companies have a presence in Spain, but so far this doesn’t help battle the high unemployment. Perhaps a lower euro can help? Foreign Presence The unemployment picture is quite different for … “Weaker Euro Can Help Spain Fight Unemployment”
USD/JPY: Trading US Building Permits
The US Building Permits indicator, released monthly, measures the number of new residential permits issued. It provides analysts with important data about consumer demand as well as activity in the construction sector. A higher reading than the market prediction is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Tuesday … “USD/JPY: Trading US Building Permits”
Fed Buys 61% of US Treasuries in 2011, with QE2
QE2 in the size of $600 billion was announced in November 2010 and was completed at the end of June 2011 – in the middle of the year. Looking at the annual figures, the Fed bought 61% of all debt. Buying more than 50% of US debt in 50% of the time smells a bit … “Fed Buys 61% of US Treasuries in 2011, with QE2”
EUR/USD:Trading the University of Michigan Consumer Sentiment
The University of Michigan Consumer Sentiment Index surveys consumer attitudes and expectations about the US economy. An increase in consumer confidence is a positive sign about the health of the economy, as consumer spending is critical for economic growth. Thus, a reading that is higher than predicted by the markets will be bullish for the … “EUR/USD:Trading the University of Michigan Consumer Sentiment”
AUD/USD: Trading the Australian jobs Apr 2012
The Australian Employment Change is an important leading indicator which may have a significant impact on the direction of AUD/USD. Traders and analysts carefully examine employment figures, since strong employment numbers are critical for the growth of the economy. Here are the details and 5 possible outcomes for AUD/USD. Published on Thursday at 1:00 GMT. Indicator Background … “AUD/USD: Trading the Australian jobs Apr 2012”
5 Reasons Why the Weak Non-Farm Payrolls Could Be
The US dollar is weaker on the very disappointing gain in US non-farm jobs: only 120K. The small drop in the unemployment rate to 8.2% is “blamed” for the drop in the participation rate. But not all is bad in the US jobs report. Here’s why it could be only a temporary pause. Participation: Let’s start with … “5 Reasons Why the Weak Non-Farm Payrolls Could Be”
EUR/USD: Trading the US NFP Apr 2012
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 12:30 GMT. … “EUR/USD: Trading the US NFP Apr 2012”