Stocks trade higher, and the S&P Futures at new highs around 1267 on optimism that European leaders will approve aggressive plans by the end of the week to rescue the region from a debt crisis. Meanwhile, majors found some support against the US dollar, but moves were really poor with some low volume and momentum. … “More Strength For Australian dollar As Risk Trades higher”
Category: Opinions
AUD/USD: Trading the Australian jobs Dec 2011
The Australian employment change is an important leading indicator which often has a significant impact on the markets. Traders and analysts carefully examine employment figures in trying to determine the overall health of the economy. Here are the details and 5 possible outcomes for AUD/USD. Published on Thursday at 00:30 GMT. Indicator Background Job creation … “AUD/USD: Trading the Australian jobs Dec 2011”
GBP/USD: Trading British Manufacturing Production
The British Manufacturing Production indicator provides analysts and traders with a snapshot of the health of the manufacturing sector. A reading which is higher than the market prediction is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 9:30 GMT. Indicator Background The British Manufacturing … “GBP/USD: Trading British Manufacturing Production”
Euro Exit Mechanism Could Be Agreed in Upcoming Summit
There are intense discussions between Berlin and Paris regarding a comprehensive solution to the debt crisis. This time, the leaders are discussing a possible quantum leap in European integration: a fiscal union. The talk about a fiscal union could hide less union: those who break the rules could leave the common currency or be thrown … “Euro Exit Mechanism Could Be Agreed in Upcoming Summit”
USD/CAD: Trading the Canadian Ivey PMI Index Dec 2011
The Canadian Ivey 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 … “USD/CAD: Trading the Canadian Ivey PMI Index Dec 2011”
Jobs Gains to Accelerate? Non-Farm Payrolls Preview
The US economy has seen a steady gain in jobs in recent months. The upcoming report for the month of November holds higher expectations. In the current environment, a positive outcome will likely be dollar negative. NFP Preview. According to last month’s release, the US gained 80,000 jobs in October. While this was slightly below … “Jobs Gains to Accelerate? Non-Farm Payrolls Preview”
USD/CAD: Trading the Canadian Dec 2011
The Canadian employment change is an important leading indicator which is often a market-mover. Traders should thus pay close attention to this indicator as well as the unemployment rate indicator, which are released simultaneously. A reading which is higher than the market forecast is bullish for the loonie. Here are the details and 5 possible … “USD/CAD: Trading the Canadian Dec 2011”
Why the Swap Cut Rally Will Likely Be Short Lived
The Federal Reserve and the ECB, together with 4 other central banks, decided to lower rates on dollar swaps by 50 basis points. As mentioned in recent days, the euro/dollar swap has reached levels last seen in 2008. This coordinated action had a strong impact on currencies, and sent EUR/USD back to the range seen … “Why the Swap Cut Rally Will Likely Be Short Lived”
The US economy is in no state to support the
While recent indicators have been positive, the recent crisis in Europe is too strong for the world’s No. 1 economy. In the euro-zone, a rate cut seems likely, at least for easing the pressure for quantitative easing. John Kicklighter of DailyFX discusses the crisis, the US economy, the status of safe haven currencies and more … “The US economy is in no state to support the”
Cracks in ECB Sterilization – QE One Step Closer
The European Central Bank failed to sterilize all the bond buying made through the SMP program. As the central bank increased its bond buys by another 8.6 billion euros, it couldn’t drain all the money out of the markets, raising the money supply. This is not the first time that this happens and wouldn’t raise … “Cracks in ECB Sterilization – QE One Step Closer”