This seems like a brilliant political maneuver by the Greek Prime Minister Papandreou: the announcement of a referendum shuffled all the cards in Greece, and Papandreou may not only avoid quitting, but also emerge as the winner. This is the chain of events and a possible outcome: Papandreou was under pressure from the people, the … “Papandreou’s Brilliant Political Maneuver”
Category: Opinions
USD/CAD: Trading the Canadian Nov 2011
The Canadian Employment Change is an important leading indicator which tends to be a market-mover. Analysts and traders closely examine this indicator together with the Unemployment Rate reading, which are released at the same time and provided critical employment data. A reading that is higher than the market forecast is bullish for the Canadian dollar. Here are the … “USD/CAD: Trading the Canadian Nov 2011”
ECB Set to Reverse Policy? Preview
The first euro-zone rate decision under the new ECB president Mario Draghi comes at a bad timing of a slowdown in the zones’ economies. There’s a significant chance that Draghi will reverse the last rate hike of his predecessor. ECB Preview. Jean-Claude Trichet held the helm for 8 years and proved to be very tough … “ECB Set to Reverse Policy? Preview”
GBP/USD: Trading the British Services PMI
The British Services PMI (purchasing managers’ index) is an important leading indicator which focuses on the services industry. As the PMI comes out at the beginning of each month, analysts and traders look closely at the index for any hint of a market trend. Here are all the details and 5 possible outcome for GBP/USD. Published … “GBP/USD: Trading the British Services PMI”
NZD/USD: Trading the New Zealand jobs November 2011
The New Zealand employment change indicator, which is released quarterly, provides the earliest indication of the employment situation. The importance of employment numbers, coupled with their publication early in the month could have a significant impact on NZD/USD. Here are the details and 5 possible outcomes for NZD/USD. Published on Wednesday at 21:45 GMT. Indicator … “NZD/USD: Trading the New Zealand jobs November 2011”
FOMC Disagreement Likely To Yield No Policy Changes
The ammunition that the Fed claims to have will likely stay in storage for now. David Rodriguez of DailyFX says that the disagreement within the members is likely to yield a unified message but no action. Mario Draghi will likely want to build credibility and skip a rate cut. And what about the credibility of … “FOMC Disagreement Likely To Yield No Policy Changes”
Will Bernanke Raise Forecasts? FOMC Preview
The Federal Reserve took action in the past two meetings, pledging low rates and announcing “Operation Twist. It is likely to take a break now, as conditions improve. For the first time since June, the statement will be followed by a press conference by Ben Bernanke. A lack of big announcements in the statement can … “Will Bernanke Raise Forecasts? FOMC Preview”
AUD/USD: Trading the Australian Building Nov 2011
The Australian Building Approvals indicator, released monthly, measures the change in the number of new building approvals issued. As such, it is one of the most important indicators of the construction sector. A reading that is higher than the market prediction is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Wednesday at … “AUD/USD: Trading the Australian Building Nov 2011”
Technical Overview: Dollar On The Rise
The US dollar gains accelerated through Asia session after RBA cut interest rate to 4.5%. Dollar index trades higher impulsively, so from technical perspective turning point is confirmed, especially as Euro fell well below 1.3800 swing zone. In fact, dollar index made 3-waves down from October 4ht, so further gains are definitely in view now … “Technical Overview: Dollar On The Rise”
USD/JPY: Trading the ISM Manufacturing PMI Oct 2011
The ISM Manufacturing PMI (Purchasing Manager Index) is based on a survey of purchasing managers active in the critical manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in the US. This important economic indicator is released during the first week of every month. Here are all the details, and 5 … “USD/JPY: Trading the ISM Manufacturing PMI Oct 2011”