The initial release of US Consumer Sentiment by the University of Michigan is the last indicator for this week. As the turmoil in the market continues, Dollar/yen is a pair that can react in an isolated manner to this event. Here are the details, and 5 scenarios for this event. Published on Friday, at 13:55 … “USD/JPY: Trading the US Consumer Sentiment”
Category: Opinions
Moody’s in the Mood for Overcompensation
Employees at Moody’s are working overtime in release credit rating warnings and downgrades. After setting Europe aflame, they moved to the US. They might return to downgrade Spain and Italy. Soon. Isn’t it time for a summer vacation? They had long summer vacation in 2008. Some of the countries that are hurt are attacking the … “Moody’s in the Mood for Overcompensation”
Transfer Union Taking Shape in Bond Buybacks – A
European leaders might be making a significant step towards a more sustainable solution for Greece. This solution may help Greece in a way, but may not be necessarily favored by citizens of northern countries. This includes bond buybacks and a default of Greece. There are talks at senior levels seriously discussing a loophole that would … “Transfer Union Taking Shape in Bond Buybacks – A”
GBP/USD Vulnerable Despite Recovery, Oil Recovering
GBPUSD: Vulnerable Despite Recovery GBPUSD: Having reversed higher off the 1.5778 level on Tuesday and following through in early trading today, risk of further bull pressure cannot be ruled out. Though with one caveat, the pair continues to retain its short term weakness and there is a possibility of returning below the 1.5778 level. In … “GBP/USD Vulnerable Despite Recovery, Oil Recovering”
Europe Needs a Rate Cut. Now.
The main problem of the troubled euro-zone countries is economic growth. The lack of it. A rate cut now is the initial and immediate step that should be taken on the way to solve the crisis. There are at least 5 advantages for such a move. The ECB may buy bonds. So can China. Such … “Europe Needs a Rate Cut. Now.”
Downgrades for Spain and Italy are Next
The third and fourth largest countries in the euro-zone may be next to receive downgrades. With the growing prospects of a Greek default and the turmoil in the markets, downgrades for Italy and Spain could happen soon and exacerbate the current vicious cycle in the debt crisis. Everything seemed fine after the Greek vote. And then … “Downgrades for Spain and Italy are Next”
Gold Builds Higher, EUR/USD Set to Further Weaken
GOLD: Rallies, Risk Builds On The 1,576.20 Level GOLD: The commodity reversed almost all of its two week losses to close strongly higher the past week. This new development now leaves further upside risk targeting its psycho level at 1,600 and then the 1,650.00 level. Its weekly RSI is bullish and pointing higher supporting this view. … “Gold Builds Higher, EUR/USD Set to Further Weaken”
USD/JPY Vulnerable to the Downside, GBP/CHF Loses Upside Momentum
USDJPY: Vulnerable To The Downside Long Term. USDJPY: With attempts on the upside continuing to falter, the risk remains lower in the long term. With that said, further weakness is expected towards the 79.57 level, its May 05’2011 low on continued upside failures. Further down, support lies at the 78.00 level, its psycho level and … “USD/JPY Vulnerable to the Downside, GBP/CHF Loses Upside Momentum”
AUD/USD: Trading the Australian Home Loans
The change in loans for homes is an important measure of the housing sector, and for the economy as a whole. The event is set for the very beginning of the week. This can set the tone for the whole week. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Monday … “AUD/USD: Trading the Australian Home Loans”
$5 Trillion A Day During the Summer – Forex Trading
According to CLS Bank, the volume of forex transaction during the month of June reached $5.12 trillion. This broke a record set in March 2010. This record turnover was 20% higher than one year beforehand. The Greek crisis has a lot to do with it. The near-default experience of Greece is likely the main reason for … “$5 Trillion A Day During the Summer – Forex Trading”