The New Zealand CPI (Consumer Price Index), which is released every quarter, measures the change in the price of goods and services charged to consumers. CPI readings which are higher than forecast tend to be bullish for the New Zealand dollar. Here are all the details, and 5 possible outcomes for NZD/USD. Published on Monday … “NZD/USD: Trading the New Zealand CPI Release”
Category: Opinions
USD/CAD: Trading the Canadian Core CPI Release
The Canadian CPI, also known as inflation, measures the change in the price of goods and services charged to consumers. Core CPI excludes eight volatile components, notably food and energy. A reading that exceeds the market forecast is generally bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on … “USD/CAD: Trading the Canadian Core CPI Release”
EUR/USD: Trading the US Unemployment Claims Oct 2011
The US Unemployment Claims indicator is published weekly, and measures the number of people filing for unemployment for the first time during the previous week. An increase in unemployment claims will hurt consumer spending, and any figures which are higher than the market forecast is bearish for the dollar. Here are all the details, and 5 possible … “EUR/USD: Trading the US Unemployment Claims Oct 2011”
Euro Weakness: Not Only the Debt Crisis
The euro is trading lower and will likely to be heavy towards the upcoming summit. But the euro’s problems are not limited to the debt crisis. In the interview below, David Song of DailyFx discusses the euro, the hopes for the US in averting recession, the weight on the pound and other current fundamental questions. … “Euro Weakness: Not Only the Debt Crisis”
USD/JPY: Trend Remains Sideways
After a few days of an extremely ranged price action, Usd/Jpy has exploded to the upside, which however does not seem to be the right direction in days ahead, especially after 80 pip reversal seen on day later. Notice also that price action since mid-August is extremely slow and choppy, clear indication of a corrective, … “USD/JPY: Trend Remains Sideways”
USD/JPY: Trading the US TIC Long-Term Purchases
The US TIC Long-Term Purchases release measures the level of foreign and domestic investment in the US. This important indicator is released monthly, and if the reading exceeds the market forecast, this bodes well for the US dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Tuesday at 13:00 GMT. Indicator … “USD/JPY: Trading the US TIC Long-Term Purchases”
Euro: Multi-month consolidation
After a sharp move lower, seen in the past few weeks pair has found a support and has rebounded quite significantly since then. As such, we suspect that wave D is complete and that pair is now trading in final stages of a wave B) running triangle, which may complete late this year. Keep in … “Euro: Multi-month consolidation”
EUR/USD: Trading the UOM Sentiment Index Oct 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. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Friday at 13:55 GMT. Indicator Background … “EUR/USD: Trading the UOM Sentiment Index Oct 2011”
AUD/USD: Trading the Australian jobs Oct 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 health and direction 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 Oct 2011”
EUR/USD: Temporary Change In Trend
Euro moved higher yesterday, extended the gains after a broken resistance line, which suggests that we have a temporary bottom in place. We are now looking at the updated wave count which suggests that Euro trades in the first leg of a recovery; wave (A) which is part of a 3-wave corrective bounce that should … “EUR/USD: Temporary Change In Trend”