The current levels of the Japanese yen put the Japanese BOJ and MOF on high alert. David Rodriguez of DailyFX discusses the chances of a big intervention if USD/JPY reaches the historic lows, and answers 4 additional fundamental questions about the debt ceiling, the EU Summit details and more. David Rodriguez is a quantitative analyst … “Yen Intervention Coming Soon?”
Category: Opinions
USD/JPY: Trading the US Pending Home Sales Jul 2011
This important housing sector indicator proved to be a significant market mover yet again, and the upcoming publication is likely to be exciting as well. Here are the details towards the release, and 5 likely scenarios for USD/JPY. Published on July 28th, at 14:00 GMT. Indicator Background This indicator reflects the change in the amount … “USD/JPY: Trading the US Pending Home Sales Jul 2011”
AUD/USD Takes Out Major Resistance, USD/CAD Under Pressure
AUDUSD: Takes Out Major Resistance, Resumes Long Term Uptrend. AUDUSD: With the pair breaking through the 1.1009 level, its 2011 high on Tuesday and following through higher in early trading today, further upside gains are likely in the days ahead. This is coming on the back of a recovery tone set from the 1.0389 level, … “AUD/USD Takes Out Major Resistance, USD/CAD Under Pressure”
AUD/USD: Trading the Australian CPI Jul 2011
Australia publishes inflation numbers only once per quarter. This low frequency release of a key indicator for rate moves, makes it a big market mover. Here are the details for the upcoming release, and 5 possible scenarios for AUD/USD. Published on Wednesday at 1:30 GMT. Indicator Background There are various independent measurements of inflation, such … “AUD/USD: Trading the Australian CPI Jul 2011”
5 Reasons Why Ireland Should Follow Greece and Default
The EU Summit on Thursday had some positive outcomes for Ireland. Is this enough for the debt hit Emerald Isle? Probably not. Here are 5 reasons why Ireland should also have some “private sector involvement” of its own. The interest rates in the bailout program were lowered. In addition, the struggle around raising its competitive … “5 Reasons Why Ireland Should Follow Greece and Default”
GBP/USD Recovering, EUR/USD Hesitant – Technical Analysis
GBPUSD: Recovery Strength Highlights The 1.6546 Level. GBPUSD: With a second week of recovery gains seeing GBP closing higher the past week, further upside gains is expected towards the 1.6546 level, its May 31’2011 high. On a clearance of this level, additional strength will aim at the 1.6743 level, its 2011 high and then the 1.6900 … “GBP/USD Recovering, EUR/USD Hesitant – Technical Analysis”
US Debt Ceiling: Three Ways This Can Unfold
Yet another effort to get “grand bargain” on the cutting the US deficit and raising the debt ceiling ended in break up. Each side is blaming the other, and the clock is ticking towards August 2nd. Or is it really ticking? Here are three ways this could unfold. GOP leader John Boehner broke talks with … “US Debt Ceiling: Three Ways This Can Unfold”
Wolves still circling Greece
The deal reached at the emergency summit is being taken positively by markets largely because, after all the discord and fractures of recent weeks, the display of unity is a thing to behold. But looking beyond the current harmony, there are many issues still to overcome and on face value, the current proposal needs more … “Wolves still circling Greece”
The Greek Plan Sets-Up New Bearish Leg For Dollar
The plan for Greece is sending markets higher across the board, with Nikkei up more than 1.2%, Hang Seng Index +1.7% and China 0.18%, following the pattern form Wall Street. We see the similar situation on European markets that just opened and are already more than 0.5% in the green. FX market was mostly consolidating … “The Greek Plan Sets-Up New Bearish Leg For Dollar”
EU Leaders Finally Address Growth – More Steps Needed
According to leaked documents from the EU summit, there is indeed some hope for the euro-zone: the leaders are shifting their focus on growth and not on austerity. This is a good first step that helps the euro, but more needs to be done. The EU provided 3 positive decisions. Two more are missing, and … “EU Leaders Finally Address Growth – More Steps Needed”