This survey is highly regarded by the markets, as it serves as an early indicator about the state of the economy. The upcoming release is of even higher importance after the shocking drop to negative territory reported last month. Here are the details and 5 scenarios for USD/JPY. Published on Thursday at 14:00 GMT. Indicator … “USD/JPY: Trading the Philly Fed Manufacturing Index”
Category: Opinions
More Dollar Weakness Ahead
Eur/Usd has recovered nicely from the 1.3836 lows, in impulsive formation towards 1.4282 region, which we know should be start of a new trend as Elliott Wave theory suggests. Even a recovery in this week from 1.4014 looks promising as a decline from previous resistance showed corrective qualities. As such, wave (2) may have already … “More Dollar Weakness Ahead”
QE in the Euro-zone: A Solution to Satisfy (Almost)
The European leaders and beuarocrats are scrambling to find a solution for Greece towards the summit on Thursday, and to stop the raging contagion in Spain in Italy. There are many options, many constraints, and confusion is growing. Sending Trichet to the printing presses could could stop contagion in the short run,and enable growth and … “QE in the Euro-zone: A Solution to Satisfy (Almost)”
EUR/USD: Trading the US Existing Home Sales
The vast majority of home sales in the US are of existing houses. This is a major indicator for the housing sector and for the whole economy, and is expected to rock the markets, as always. Here are the details, and 5 possible scenarios for EUR/USD. Published on Wednesday at 14:00 GMT. Indicator Background The … “EUR/USD: Trading the US Existing Home Sales”
NZD/USD Should Get More Attention
The New Zealand dollar / US dollar usually ends lists of currency pairs, and is sometimes just left out of them. The currency is just above the “exotic” grade, enjoys a few positive characteristics, and should gain more attention from currency traders. Here are 5 reasons why. With a population of less than 4.5 million … “NZD/USD Should Get More Attention”
USD/CHF Eyeing 0.8000 Psychological level.
Usd/Chf made a nice sell-off in the past week, from 0.8500 region where wave (e) completed a very nice, clean running triangle. We know that triangles unfold just prior to the final move in the larger pattern. Most typical appears in wave four of an impulsive wave and wave B of a zig-zag move (three … “USD/CHF Eyeing 0.8000 Psychological level.”
Stress Tests Are a Lose-Lose Situation for the Euro
The European Banking Authority has worked hard to provide a serious report about the state of the European banking system. But given the past, these tests have an excellent chance of hurting the euro, no matter the seriousness and no matter the actual results. The problems begin with the previous report. Most of the banks … “Stress Tests Are a Lose-Lose Situation for the Euro”
GBP/USD Hesitating, EUR/CHF Set To Further Weaken
GBPUSD: Hesitating But Maintains Recovery Tone GBPUSD: The pair’s failure to follow through higher on the back of recovery gains has triggered a fresh bear pressure. However, GBP still retains most of its recovery gains started from the 1.5778 level and looks to strengthen further towards the 1.6193 level, its July 13’2011 high on ending … “GBP/USD Hesitating, EUR/CHF Set To Further Weaken”
Captain Ben Can Handle the Debt Ceiling
What if the US reaches the debt ceiling and there’s no deal? Will the US default? No worries. Ben Bernanke has the keys to the printing presses and he can solve the problem in no time. Sounds absurd? All the options are on the table. Also on the debt ceiling. At the time of writing, … “Captain Ben Can Handle the Debt Ceiling”
US debt talks enter the home straight
It is the progressive intensification of the rhetoric over recent days that offers the biggest clue that the impasse over the debt limit and fiscal policy will likely be resolved quite soon. Notwithstanding reports that yesterday’s talks ended badly, the President’s suggestion that he may summon some Congressional leaders to the White House this weekend … “US debt talks enter the home straight”