Australian Retail Sales is considered one of the most important indicator of consumer spending. The indicator’s release in the first week of each month provides analysts and traders with an early look at consumer spending. A reading that is higher than the market forecast is bearish for the US dollar. Here are all the details, and 5 … “AUD/USD: Trading the Australian Retail Sales”
Category: Opinions
LTRO To Set Brakes Loose for Greece?
The second Long-Term Refinancing Operation (LTRO) by the ECB is a key event for the markets. Estimates vary widely, and the average of estimations is around last time’s number. The final number is not that important. What’s more important is that it will fill the coffers of the banks and provide more stability. Will this allow … “LTRO To Set Brakes Loose for Greece?”
NZD/USD Should Benefit From Higher S&P – Elliott Wave
The US session is here, and USD is still quite strong despite some pop up on gold and silver. We are still focused on S&P Futures count, where the move from a top is only in three waves with key support/bounce zone comes in at 1345/50 area. Expect a impulse higher here, which will be … “NZD/USD Should Benefit From Higher S&P – Elliott Wave”
USD/JPY: Trading US Pending Home Sales
The Pending Home Sales indicator is released monthly, and provides analysts with important data about consumer demand in the housing 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 Monday at 15:00 GMT. Indicator Background The Pending Homes Sales Report provides … “USD/JPY: Trading US Pending Home Sales”
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 Friday … “GBP/USD: Trading the British GDP”
EUR/USD Squeezed in Narrowing Channel – Will it Break
Looking at the hourly chart of EUR/USD, a narrowing channel can be easily seen. The pair doesn’t have too much room to move within the channel as the lines are set to meet before the week ends. Given the growing worries about the deal, the preferred direction is down. Uptrend support begins from the low … “EUR/USD Squeezed in Narrowing Channel – Will it Break”
EUR/USD: Trading the US Unemployment Claims
The US Unemployment Claims indicator is published 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 13:30 GMT. Indicator … “EUR/USD: Trading the US Unemployment Claims”
USD/JPY: Trading the US Existing Home Sales Feb 2012
The Existing Home Sales indicator is released monthly, and provides analysts with important data about consumer demand in the housing 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 Wednesday at 15:00 GMT. Indicator Background The Existing Homes Sales Report … “USD/JPY: Trading the US Existing Home Sales Feb 2012”
Hard Greek Default Will Send Euro Plunging
The ECB LTRO helped banks improve their liquidity, but not all shock absorbers are in place for a Greek default – the euro and global stocks would plunge. David Rodriguez of DailyFX discusses the short term and long term implications of a Greek bankruptcy, the forces that really move USD/JPY, China and other fundamental matters … “Hard Greek Default Will Send Euro Plunging”
Time For AUD/USD Longs in Risk-On Trade Mode?
Risky assets are higher today, because of cut in China’s reserve-ratio requirement over the weekend by 50BPS to 20.5%, effective from February 24th. That means that banks are now allowed to lend more money, which of course is good for economy. That’s why we saw a gap higher on commodities, stocks and lower on USD … “Time For AUD/USD Longs in Risk-On Trade Mode?”