EURUSD: Follows Through Lower, Tests The 1.3604 Level (Weekly Technical Strategist). EURUSD: The pair may have printed a hammer candle the past week halting its weakness at 1.3482 to close marginally lower but continues to remain vulnerable. This leaves downside risk towards the 1.3604 level and its past week low at 1.3482 level where a … “EUR/USD Follows Through Lower, GBP/CHF Sets Tone for More”
Category: Opinions
European Citizens Losing Control Case 1: Greece
Democracy is at the heart of European values. Citizens can certainly oust governments in elections. But do they have real alternatives? And who is really calling the shots? Recent events have shown how citizens have lost control over their countries’ fates. This article discusses Greece. A look into events in Spain, Italy and perhaps other … “European Citizens Losing Control Case 1: Greece”
USD/JPY:Trading the UoM Consumer Sentiment November 2011
The University of Michigan Consumer Sentiment Index surveys consumer attitudes and expectations about the US economy. An increase in consumer confidence is a positive sign about the health of the economy and can help strengthen the US dollar. Thus, a reading that is higher than predicted by the markets will be bullish for the dollar. … “USD/JPY:Trading the UoM Consumer Sentiment November 2011”
EUR/USD Breaks to the Downside; “It may get really
The US dollar moved significantly higher in recent sessions, as Risk trade fell sharply, driven by fears over the euro zone crisis! It was the worst day in six weeks for the US stocks market which lost more than 3%. It was also one of the worst days for Eur/Usd pair which lost more than … “EUR/USD Breaks to the Downside; “It may get really”
AUD/USD: Trading the Australian Nov 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 consumer spending and the health of the economy. If the Employment Change figure is better than forecast, this is bullish for the Australian dollar. Here are the … “AUD/USD: Trading the Australian Nov 2011”
Saxo Bank Chief Economist: EUR/USD to Slide to 1.10-1.15
Steen Jakobsen, chief economist for Saxo Bank sees 4 big advantages for the US dollar in the foreseeable future. Together with the raging European debt crisis, he predicts that EUR/USD will take a major hit and will eventually slide from the current range to much lower ground: 1.10 to 1.15 by the end of 2012. The euro … “Saxo Bank Chief Economist: EUR/USD to Slide to 1.10-1.15”
USD/CAD: Trading the Canadian Housing Starts Release
The Housing Starts indicator is an important economic leading indicator, considered by analysts as a good measure of consumer spending. A higher reading than forecast by the market points to a growing economy and is bullish for the loonie. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Tuesday at 13:15 … “USD/CAD: Trading the Canadian Housing Starts Release”
5 Reasons Why Israel Will Not Attack Iran – But
On November 8th, The International Atomic Energy Agency(IAEA) is due to publish an updated report about Iran’s nuclear program. It is expected to provide new and worrying details about Iran’s nuclear capabilities. Towards this event, news about an upcoming Israeli attack on Iran has emerged. The chances of an airstrike to happen are low. 5 … “5 Reasons Why Israel Will Not Attack Iran – But”
EURO Shows Bearish Technical Set-Up Ahead Of The NFP
The FX market is trapped in tight ranges ahead of the NFP release at 08:30EDT. From a technical perspective, we still think that US dollar is headed higher, but we need a catalyst and a confirming price action. This will of course be an impulsive reversal higher on dollar index, or lower on Euro. On … “EURO Shows Bearish Technical Set-Up Ahead Of The NFP”
Good Reasons for Optimism – Non-Farm Payrolls Preview
The month of October probably saw more gains in jobs, perhaps even better than in the previous month. There are many signs pointing to a strong gain in jobs. The unemployment rate and the “real unemployment rate” are not expected to move. This is likely to weaken the dollar against risk currencies. Here is what … “Good Reasons for Optimism – Non-Farm Payrolls Preview”