We can see some massive dollar moves after BOJ intervention which obviously caused cause some selling pressure on other majors as well, and not only against the Japanese yen. We are sure that many traders out there are considering a change of a larger trend on many FX pairs; in fact, even we did. But … “The Strength of the US dollar is Unconfirmed”
Category: Opinions
Progress on Europe for now
European leaders finally thrashed out a comprehensive response to their sovereign debt and banking crisis which culminated in a detailed communiqué released this morning in Brussels. This is a summary of the key features of this document together with our assessment of its effectiveness: By Michael Derks of FxPro After enormous pressure from both the … “Progress on Europe for now”
USD/CHF: Trading the Swiss KOF Economic Barometer
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 USD/CHF. Here are all the details, and 5 possible outcomes for USD/CHF. Published on Friday at 9:30 GMT. … “USD/CHF: Trading the Swiss KOF Economic Barometer”
USD/JPY: Trading the Pending Home Sales Release
The U.S. Pending Home Sales Report is an important leading economic indicator, considered by analysts as a good measure of consumer demand in the housing sector. A higher reading than forecast points to a growing economy and is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on … “USD/JPY: Trading the Pending Home Sales Release”
USD/CHF Detailed Technical Elliott Wave Analysis
Usd/Chf recovered in five waves since August, after a very clear breakout to the upside, out of a downtrend channel, which is the most important evidence of a change in trend; from bearish to bullish. As such, we are very confident that significant low is in place and that Usd/Chf will move even higher in … “USD/CHF Detailed Technical Elliott Wave Analysis”
GBP/USD: Trading the US New Home Sales Release
The New Home Sales Report, published monthly, is a leading indicator of housing activity. As a new home is likely to be the largest purchase that a consumer will make, this indicator provides important data about the mood of consumers and the health of the economy. A higher reading than that expected by the market is bullish … “GBP/USD: Trading the US New Home Sales Release”
Haircut for the ECB – A Step Forward for a
The banks have now reportedly agreed for a 40% haircut on Greek debt. Germany and other countries want more even 60%. But wait. This is by no means a reduction of 40% or 60% in the Greek Olympus of debt. It applies only the private sector. In order for the Greek debt to become sustainable, … “Haircut for the ECB – A Step Forward for a”
USD/JPY: Trading the US CB Consumer Confidence Index
The Conference Board Consumer Confidence Index is based on a monthly survey of about 5,000 US households regarding their opinion of economic conditions and the overall economic climate. Its release always has a strong impact on market prices. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Tuesday at 14:00 GMT. … “USD/JPY: Trading the US CB Consumer Confidence Index”
Risk Trade Supports GBP/USD
Both Asian and European markets moved higher after positive sentiment seen at the close of the New York session on Friday. Despite a gap lower on Eur/Usd and Aud/usd at yesterdays open that appeared because of the “no real news from weekends EU summit”, pairs managed to recover on hopes that by Wednesday final decisions … “Risk Trade Supports GBP/USD”
4 Reasons Why the EU Summit(s) Will Fall Short, Again
Scrambling continues in the euro-zone towards the October 23 Summit, which will likely be followed by an October 26 Summit. Progress is made towards compromises, which will likely be celebrated but will share the same fate of the July 21 Summit. There are three main issues on the agenda. All will likely end in a … “4 Reasons Why the EU Summit(s) Will Fall Short, Again”