After overseeing the second LTRO, the ECB is likely to leave policy unchanged and refrain from announcing any policy steps. With the Greek drama and the second bailout culminating, Draghi will likely want to keep things quiet. Will the reporters get some interesting statement out of the presser? ECB Preview Rates and Recession The ECB … “Draghi Likely to Hide Behind Greek Drama – ECB Preview”
Category: Opinions
Why March 23rd is a Good Date for a Greek
If European leaders continue dragging their feet, Friday, March 23rd could be the day that Greece declares bankruptcy. Here is why, and what actions can be made to kick the can further down the never ending road and prevent such an announcement. This date sounds makes sense. Greece has to pay back over 14 billion … “Why March 23rd is a Good Date for a Greek”
Euro Broke Through January Support Line – Trend Clearly
The euro keeps falling, forming a nice impulsive fall from the 1.3480 top. Notice that yesterday’s price action sent the euro below the falling trend line connected from January lows, which also represents a lower support of a corrective channel. We know that once this channel is broken, that simply means that larger trend is … “Euro Broke Through January Support Line – Trend Clearly”
USD/CHF: Trading the Swiss CPI
The Swiss CPI, also known as inflation, measures the change in the price of goods and services charged to consumers. The indicator is released monthly, and has the potential to be a market-mover. A reading that exceeds the market forecast is bullish for the Swiss franc. Here are all the details, and 5 possible outcomes for USD/CHF. … “USD/CHF: Trading the Swiss CPI”
Greek Default Unlikely to Cause Market-Wide Credit Crisis
After receiving around a trillion euros, European banks are well prepared to offset losses from a Greek default, yet the EU may still allow Athens to miss another deadline. Ilya Spivak of DailyFX discusses Greece, the diminishing chances of QE3 in the US and other fundamental issues in the interview below. Ilya Spivak is a currency strategist … “Greek Default Unlikely to Cause Market-Wide Credit Crisis”
Video Technical Analysis: EUR/USD, USD Index, AUD/USD, Gold and
Commodity currencies are on the retreat, which is usually the case when stocks and commodities are under pressure. RBA also left rates unchanged at 4.25%, which was reason for weak Aussie against the USD. We expect a stronger USD during this week, but not just yet, it look like we will see more consolidation and … “Video Technical Analysis: EUR/USD, USD Index, AUD/USD, Gold and”
USD/JPY: Trading the ADP Non-Farm Employment Change
The ADP Non-Farm Employment Change measures the change in the number of employed people, 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 1:15 GMT. Indicator Background Job creation is one of … “USD/JPY: Trading the ADP Non-Farm Employment Change”
5 Reasons Why Portugal Isn’t Getting Back to Markets
The IMF expects Portugal to return to bond markets in 2013. Sure, Portugal isn’t Greece and an outright default isn’t on the cards. Not yet. But there are enough reasons why Portugal will find it hard to return to the markets, and might need a second bailout. Austerity: The most obvious reason is lack of … “5 Reasons Why Portugal Isn’t Getting Back to Markets”
USD/CAD: Trading the Canadian Ivey PMI Index Mar 2012
The Canadian PMI (Purchasing Managers’ Index) is an important leading indicator which focuses on the services sector. As the PMI comes out at the beginning of each month, analysts and traders look closely at the index readings for any hint of a market trend. A reading which is higher than the market forecast is bullish … “USD/CAD: Trading the Canadian Ivey PMI Index Mar 2012”
Super Tuesday – Win Win for the Dollar
10 US states will vote in the primaries in “Super Tuesday”. So far, it’s still unclear who will win the nomination of the Republican party. These contests can either pave the road for Romney’s nomination, or pave the road for Obama’s reelection. In both cases, it is likely to help the greenback. As discussed in the … “Super Tuesday – Win Win for the Dollar”