The British Nationwide HPI (Housing Price Index) measures the change in the selling price of residential homes. As a house is likely to be the largest purchase that a consumer will make, this indicator provides important data about the mood of consumers and the health of the economy. A reading which is higher than the market forecast is bullish for … “GBP/USD: Trading the British Nationwide HPI”
Category: Opinions
USD/CHF: Trading the Swiss KOF Barometer December 2011
The Swiss KOF Economic Barometer is a leading indicator which measures overall economic activity and is an excellent indicator of Swiss economic conditions. The indicator, which is released monthly, has a major effect on USD/CHF. Here are all the details, and 5 possible outcomes for USD/CHF. Published on Wednesday at 10:30 GMT. Indicator Background The KOF Economic … “USD/CHF: Trading the Swiss KOF Barometer December 2011”
USD/JPY: Trading the Conference Board Consumer Confidence Index
The Conference Board Consumer Confidence Index is based on a monthly survey of about 5,000 households regarding their opinion of the economy. Traders should pay close attention to this release, as it usually a market-mover. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Tuesday at 15:00 GMT. Indicator Background The CB … “USD/JPY: Trading the Conference Board Consumer Confidence Index”
GBP/USD: Trading the US New Home Sales
The New Home Sales report is a leading indicator of housing activity. The indicator is released on a monthly basis, and helps analysts track consumer spending. A higher reading than that expected by the market is bullish for the dollar. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Friday at 15:00 … “GBP/USD: Trading the US New Home Sales”
Forex 2011 – The Year of the Tortoise and the Hare
Trading volume is thinning down towards the holiday season that marks the end of the year and it’s a good time to look back at movements of currencies in the past year. The fable of the tortoise and the hare seems appropriate to describe this year. The most volatile currency pairs had quite a limited … “Forex 2011 – The Year of the Tortoise and the Hare”
USD/JPY: Trading the US jobless claims Dec 2011
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 bullish for the yen. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Thursday at 13:30 GMT. Indicator Background Unemployment … “USD/JPY: Trading the US jobless claims Dec 2011”
NZD/USD:Trading the New Zealand GDP
The Gross Domestic Product (GDP), is an important measurement of the production and growth of the economy. Analysts consider GDP, which is released quarterly, one of the most significant indicators of economic activity. A reading which is better than the market forecast is bullish for the New Zealand dollar. Here are all the details, and 5 … “NZD/USD:Trading the New Zealand GDP”
Indirect Euro-zone QE at Play?
Spain had a winning streak of bond auctions. It managed to sell more bonds than expected and with falling yields. One reason is the high hopes for the new government, set to assume power soon. Yields rose towards the elections and have been falling since then. Yet not only the high expectations send money towards … “Indirect Euro-zone QE at Play?”
EUR/USD Trapped In Correction Within Downtrend; 1.2800 Next!
We expect further weakness on Eur/Usd after a fall in the past week with and type of a price action which suggests that decline from 1.3550 is impulsive. With this being said, our bias is very bearish now within impulsive structure, and will look for more weakness ideally into 1.28/1.27 zone, while 1.3280 critical level … “EUR/USD Trapped In Correction Within Downtrend; 1.2800 Next!”
EUR/USD:Trading the German Ifo Business Climate
The German Ifo Business Climate is a monthly composite index of about 7,000 businesses which are asked to rate current business conditions and their expectations over the next six months. This makes it a leading indicator of economic health and a major market mover for EUR/USD. A reading that is higher than forecast is bullish for … “EUR/USD:Trading the German Ifo Business Climate”