The Swiss KOF Economic Barometer is a leading indicator which measures overall economic activity and is an excellent indicator of the direction of the Swiss economy. The indicator, which is released monthly, has a major effect on the USD/CHF. A reading which is higher than predicted is bearish for the dollar. Here are all the … “USD/CHF: Trading the Swiss KOF Economic Barometer”
Category: Opinions
GBP/USD: Trading the US CB Confidence November 28 2011
The Conference Board Consumer Confidence Index is based on a monthly survey of about 5,000 U.S. households regarding their opinion of the economy. Traders should pay close attention to its release, which always has a strong impact on market prices. A higher reading than the market forecast is bullish for the dollar. Here are all … “GBP/USD: Trading the US CB Confidence November 28 2011”
USD/CHF Bullish Waves Now Targeting Parity
Usd/Chf is trading higher for few weeks now, which is nice after we called end of a correction at 0.8557, where could be a low of a wave II as labeled on the chart! Well, if thats the case, then we know that pair is now trading at the start of black wave III, which … “USD/CHF Bullish Waves Now Targeting Parity”
Failed German Auction Paves Way for Euro-Zone QE
Germany refuses to use the unlimited purchase power of the ECB to buy bonds in a significant magnitude that would stop the rapid deterioration of the debt crisis. But now that the bond rout reached its own doors, the economic giant could lift its objection. Is massive euro-printing on the way? Up to now, Germany … “Failed German Auction Paves Way for Euro-Zone QE”
EUR/USD: Trading the German IFO Nov 2011
The German Ifo Business Climate is a monthly composite index of about 7,000 businesses, which are surveyed on current business conditions and their expectations concerning economic performance over the next six months. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Thursday at 9:00 GMT. Indicator Background The German Ifo Business Climate, … “EUR/USD: Trading the German IFO Nov 2011”
FX Lesson On GBP/USD: How Broken Support Becomes Resistance
Pound is one of the weakest in this week, down almost 300 pips from Friday highs, currently trades around 1.5600-1.5680 range. Guest post by Gregor Horvat We at www.ew-forecast.com anticipated that move, on some basics of technical analysis “how broken support becomes resistance”. Here is the chart and comments that we shared with our subscribers … “FX Lesson On GBP/USD: How Broken Support Becomes Resistance”
Spanish Election Results – Not Necessarily Market Friendly
The general elections held in Spain yielded a decisive result: the center-right PP party won a wide absolute majority in parliament, beating the outgoing socialist government. With a mandate to cut and the ability to carry out the policy, Mariano Rajoy’s government is expected to get Spain out of the crisis – at least in … “Spanish Election Results – Not Necessarily Market Friendly”
EUR/USD:Trading the US GDP
The Gross Domestic Product (GDP) is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. Thus, publication of the US GDP will likely have a significant impact on EUR/USD. A reading which is better than the market forecast is bullish for the dollar. Here … “EUR/USD:Trading the US GDP”
USD/JPY: Trading the Existing Home Sales Indicator
The Existing Home Sales Report is an important economic indicator, and is utilized by analysts to measure consumer demand in the housing sector. As a house is likely to be the largest purchase that a consumer will make, this indicator provides data about the mood of consumers and the health of the economy. A higher … “USD/JPY: Trading the Existing Home Sales Indicator”
Euro to Crash When German Yields Join the Party
The debt crisis weakened the euro, but the drops aren’t so significant, and are puzzling many. Well, most of the moves in the bond markets have been within the zone: from the periphery to the core, to the benchmark. As the wolves are closing in, also the German benchmark is in danger of being broken. … “Euro to Crash When German Yields Join the Party”