The Philadelphia Fed Index is an important leading indicator, based on a survey of manufacturers in the Philadelphia area. It is based on a survey of manufacturers’ opinions of business activity, and as such provides a snapshot of the business climate and sentiment in the US. Here are all the details, and 5 possible outcomes … “EUR/USD: Trading the Philadelphia Index December 14 2011”
Category: Opinions
USD/JPY: Trading the Tankan Manufacturing Index
The Tankan Manufacturing Index is an important leading indicator, based on a survey of about 1200 large Japanese manufacturers, who are asked for their opinion on general business conditions. As such, the index helps provides a picture of the current business climate in Japan. A reading which exceeds the forecast is bullish for the yen. … “USD/JPY: Trading the Tankan Manufacturing Index”
Lose-Lose Situation for the Euro
If the ECB continues its policy regarding bond buying, the euro is set to fall. If it launches QE, it will likely follow the path of the greenback after QE2, with one specific euro cross set to gain. Christopher Vecchio of DailyFX analyzes the current situation of the euro, the bright side for the pound in the … “Lose-Lose Situation for the Euro”
FOMC Preview: 3 Reasons for No Changes and 3 For Action
The FOMC will likely remain on the sidelines for a second meeting in a row. The balance between the different members remains unchanged and so do indicators. Any action by the Fed will indicate a very worrying situation among banks, probably on the other side of the Atlantic, but the chances are small. The only hope … “FOMC Preview: 3 Reasons for No Changes and 3 For Action”
GBP/USD: Trading the British Jobs Dec 2011
The UK Claimant Count Change measures the change in the number of people claiming unemployment benefits. Along with the unemployment rate indicator, which is released at the same time, it provides a snapshot of the employment situation in the UK. Traders should pay close attention to this release, as it is a market-mover for GDP/USD. Here … “GBP/USD: Trading the British Jobs Dec 2011”
EUR/USD: Trading the German ZEW Dec 2011
The German ZEW Economic Sentiment Index is based on a monthly survey of institutional investors and analysts regarding their views on the outlook for the German economy. A reading that is higher than the market forecast is bullish for the Euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 10:00 GMT. … “EUR/USD: Trading the German ZEW Dec 2011”
Potential Trade Set-ups For The Week Ahead (Dec 12)
Hello traders! Despite some action on the FX market in the past week, provided by the ECB rate decision and EU summit most of the major pairs remained trapped in a range, sideways market. As such, we decided to take look on some FX crosses, such as Eur/Chf and Eur/Aud for potential trade set-ups. We will … “Potential Trade Set-ups For The Week Ahead (Dec 12)”
Hope Seems Lost for the EU Summit – Is this
As leaders begin pre-summit meetings towards tomorrow’s big summit, the situation looks bad. The refusal of the ECB to accept more bond buying or support a circular move through the IMF is the main drag, but not the only one. Are expectations lowered in order to create more pressure and eventually come out with a … “Hope Seems Lost for the EU Summit – Is this”
USD/JPY: Trading the UOM Consumer Sentiment December 2011
The University of Michigan Consumer Sentiment Index surveys consumer attitudes and expectations about the US economy. A reading that is higher than anticipated by the markets is bullish for the US dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Friday at 14:55 GMT. Indicator Background The University of Michigan Consumer … “USD/JPY: Trading the UOM Consumer Sentiment December 2011”
ECB Will Do a Lot – But Fall Short of Convincing Markets
Mario Draghi’s second rate decision will likely consist of his second rate cut in a row. There are expectations for additional measures such as easing collateral rules and extending loans to banks. While all these steps are necessary and helpful in the current situation, they will likely be too little and too late for helping … “ECB Will Do a Lot – But Fall Short of Convincing Markets”