The ADP Private Sector Job Indicator is a significant index which estimates the change in employment figures. It is an important indicator of job creation, which in turn impacts on consumer spending and economic growth. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Wednesday at 12:15 GMT. Indicator Background Together … “USD/JPY: Trading the US ADP NFP August 31 2011”
Category: Opinions
Cable: More Sideways To Come
Cable found resistance in the past week around 1.66 area, from where we saw more than 400 pips of decline. As such, recovery from 1.5780 July was just another three wave pattern, similar to what we have seen in the past months, as marked on the chart. Well, if we take a look at the … “Cable: More Sideways To Come”
Opposition to Bailouts Reaches Unsustainable Levels
In the never ending European debt crisis, the concept of bailouts has been used over and over again. Similar to the core debt problems, opposition is also mounting to unsustainable levels against the core solution: bailouts. Will we see disorderly defaults? Or perhaps a brave new solution? The problem: The story was the same for … “Opposition to Bailouts Reaches Unsustainable Levels”
AUD/USD: Trading the Australian Building Aug 2011
The change in the number of new building approvals issued is an important indicator of the construction industry and for economic activity as a whole. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Tuesday at 1:30 GMT. Indicator Background Strong growth in new building approvals indicates an expanding housing market, … “AUD/USD: Trading the Australian Building Aug 2011”
GBP/USD Breaks Lower, EUR/USD Hesitates
GBPUSD: Breaks the 1.6255/60 levels, Sets Up For The 1.6110 Level. GBPUSD: Having followed through lower during Friday trading session today and violated the 1.6255/60 levels, its Aug 15 & 25’2011 lows, risk has turned to the 1.6110 level, its Aug 11’2011 low. This is coming on the back of a loss of upside momentum … “GBP/USD Breaks Lower, EUR/USD Hesitates”
Ben ponders another helicopter drop
Fed Chairman Ben Bernanke heads to Jackson Hole later this week for the Fed’s annual symposium against the backdrop of intensifying speculation that another round of quantitative easing may be required to avoid the US economy plunging back into recession. The commitment made at the last FOMC meeting to keep the funds rate on hold … “Ben ponders another helicopter drop”
USD/CHF: Trading the Swiss KOF August 2011
The Swiss KOF Economic Barometer is a composite leading indicator which measures overall economic activity and is an excellent indicator of the direction of the Swiss economy. Its publication has a major effect on USD/CHF. Here are all the details, and 5 possible outcomes for USD/CHF. Published on Wednesday at 9:30 GMT. Indicator Background The … “USD/CHF: Trading the Swiss KOF August 2011”
Jackson Hole – Get Ready for a Disappointment
Expectations are quite high from Bernanke’s speech at Jackson Hole, and this may end in a disappointment. David Song of DailyFx discusses this important event, as well as other topics: What will happen in currency markets if we enter a recession, what is expecting us with central bank movements and more, in an interview. David … “Jackson Hole – Get Ready for a Disappointment”
Hole in Jackson Hole? 7 Scenarios for Bernanke’s Speech
Tension is mounting towards Ben Bernanke’s annual speech at Jackson Hole. A hint about QE3? A new set of tools? Or just nothing at all, just a hole? Here are 7 scenarios, and their expected impact on the greenback. Last year, Bernanke used the speech at Jackson hole to hint about the second quantitative easing … “Hole in Jackson Hole? 7 Scenarios for Bernanke’s Speech”
Euro-zone Core Inflation Drops – Case For Rate Cut
Core CPI unexpectedly dropped to an annual pace of 1.2% in July, significantly lower than 1.7% that was expected, and lower than last month’s 1.6%. This shows that the “secondary effects” of rising commodity prices is diminishing, as the economic slowdown is felt across the continent. Trichet’s stubborn rate hikes have taken their toll. Is … “Euro-zone Core Inflation Drops – Case For Rate Cut”