The Canadian Housing Starts indicator is considered by analysts as a good measure of consumer demand in the housing sector. As a house is likely to be the largest purchase that a consumer will make, this indicator provides critical data about the mood of consumers and the health of the economy. Here are all the … “USD/CAD: Trading the Canadian Housing Starts”
Category: Opinions
A Return to Job Gains? Not Necessarily So – NFP Preview
After a flat Non-Farm Payrolls report for August, September’s figures are expected to be positive, which means a dollar negative outcome in the current environment. Recent data leaves room for doubt about a gain in jobs. NFP Preview. As QE3 is not only off the table, but far away from it, the figures will be … “A Return to Job Gains? Not Necessarily So – NFP Preview”
USD/CAD: Trading Canadian jobs October 2011
The Canadian employment change is an important leading indicator which has a significant impact on the markets. Traders and analysts carefully scrutinize employment figures, and a reading higher than forecast could lift the loonie. Here are the details and 5 possible outcomes for USD/CAD. Published on Friday at 11:00 GMT. Indicator Background Job creation is … “USD/CAD: Trading Canadian jobs October 2011”
Trichet’s Final Cut? ECB Preview
Jean-Claude will make his final rate decision after 8 years as the president of the ECB, and he may be forced to reverse recent policy and cut the rates. The decision is only a warm up before the bigger show – the press conference, and this time it is of higher importance, given the extraordinary … “Trichet’s Final Cut? ECB Preview”
Greek Default Could Trigger Euro Rally, US Recession Could
A default in Greece could already be significantly priced in, and a US recession, which also looks imminent, could help the US dollar. Not necessarily what you were thinking? It’s the “buy the rumor, sell fact phenomenon. But there’s one currency and one event to which this phenomenon will not likely apply. In the interview … “Greek Default Could Trigger Euro Rally, US Recession Could”
EUR/USD: Trading the US ISM Non-Manufacturing PMI
The ISM Non-Manufacturing PMI (Purchasing Managers Index) is based on a survey of purchasing managers in sectors other than manufacturing. 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 … “EUR/USD: Trading the US ISM Non-Manufacturing PMI”
AUD/USD: Trading the Australian Retail Sales October 2011
Australian Retail Sales is the most important indicator of consumer spending. Its release in the first week of the month provides analysts and investors with their first look at figures from the vital consumer sector. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Wednesday at 00:30 GMT. Indicator Background Consumer spending … “AUD/USD: Trading the Australian Retail Sales October 2011”
GBP/USD: Trading the British Construction PMI October 2011
The British Construction PMI Index is based on a survey of Purchasing Managers in the construction industry, in which respondents are surveyed for their view of business conditions. The index is a useful leading economic indicator, released during the first week of the month. Here are all the details, and 5 possible outcomes for GBP/USD. Published … “GBP/USD: Trading the British Construction PMI October 2011”
GBP/CHF Maintains Upside Bias, EUR/GBP Under Downside Pressure
GBPCHF: Maintains Upside Bias, Pressure Builds up On The 1.4296 Level. GBPCHF: With a weekly higher close recorded the past week, the cross now looks to build up on its recovery gains triggered from the 1.1465 level in the new week. This if seen will leave the 1.4296 level, its May 22’2011 high as the … “GBP/CHF Maintains Upside Bias, EUR/GBP Under Downside Pressure”
Surprising Jump in European Inflation Lowers Chances of 0.50%
According to the initial release of CPI in the euro-zone, prices rose at an annual pace of 3% in September, much higher than 2.5% that was expected and the highest level in many years. In his last rate decision, Jean-Claude Trichet will probably refrain from cutting the interest rate by 0.5% and perhaps he won’t … “Surprising Jump in European Inflation Lowers Chances of 0.50%”