Headwinds outnumber tailwinds in the US economy, and only a small string of poor US figures could tip control in the Fed back to the doves. So says Christopher Vecchio of DailyFX. In the interview below, Vecchio discusses the situation of monetary policy, the bigger issues facing Spain, the key for China and the Australian … “Fed Doves Could Easily Return to Rule the Roost”
Category: Opinions
USD/CAD: Trading the Canadian Ivey PMI Apr 2012
The Canadian Ivey PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers. Respondents are surveyed for their view of the economy and business conditions in Canada. 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 Thursday … “USD/CAD: Trading the Canadian Ivey PMI Apr 2012”
Euro Under Pressure; Now Back To 1.3000?
The Euro moved sharply lower in this week from 1.3380 area, and closed below previous 1.3250 swing. And also because of the sharp bearish price action, we came out with an idea that a recovery from 1.3000, labeled as wave (c) of 2 is finished and that market will move even deeper in days ahead; … “Euro Under Pressure; Now Back To 1.3000?”
USD/JPY: Trading the ADP Non-Farm Employment Change
The ADP Non-Farm Employment Change 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 USD/JPY. Published on Wednesday at 12:15 GMT. Indicator Background Job creation … “USD/JPY: Trading the ADP Non-Farm Employment Change”
5 Most Predictable Currency Pairs – Q2 2012
If your currency pair breaks a significant support or resistance line, does it push through and make an impressive move? If the pair doesn’t break through, does it slow down when approaching such a line? If so, this is a predictable currency pair. Yet not all currency pairs behave this way, to say the least. … “5 Most Predictable Currency Pairs – Q2 2012”
GBP/USD: Trading the British Construction PMI April 2012
The British Construction PMI Index, released in the first week of the month, is based on a survey of Purchasing Managers in the construction industry. Respondents are surveyed for their view of business conditions, and the index is an important indicator of activity in the construction sector. Here are all the details, and 5 possible outcomes for … “GBP/USD: Trading the British Construction PMI April 2012”
USD/CHF: Trading the Swiss Retail Sales April 2012
Swiss Retail Sales is considered one of the most important indicators of consumer spending. The indicator’s release in the first week of the month provides analysts and traders with their first look at consumer spending for the previous month. A reading that is higher than the market forecast is bearish for the US dollar. Here are … “USD/CHF: Trading the Swiss Retail Sales April 2012”
USD/CAD: Trading the Canadian GDP Mar 2012
The Gross Domestic Product (GDP) 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 Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on … “USD/CAD: Trading the Canadian GDP Mar 2012”
Gold Now Back To Bullish Mode
We see a very clean bullish pattern on gold. Notice that from 2011 highs decline has unfolded in three waves, followed by bullish impulsive reversal through falling trend line. Well, once wave (1) found the peak, the price reversed lower as expected, into a corrective wave (2), which is now looking for a bottom around … “Gold Now Back To Bullish Mode”
NZD/USD: Trading the NBNZ Business Confidence Index
The NBNZ Business Confidence Index is a diffusion index based on a broad survey of business sectors in the New Zealand economy. 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. Published on Thursday at 00:00 GMT. Indicator Background The NBNZ Business Confidence Index is based … “NZD/USD: Trading the NBNZ Business Confidence Index”