After a very weak outcome for May, a significant rise in jobs is expected now, given some positive positive signs. This may boost the dollar, but the reaction can be quite different for different currencies. Here are the details and 5 possible outcomes for the greenback. Published on Friday at 12:30 GMT. A very disappointing … “Big Correction in Jobs? NFP Preview”
Category: Opinions
The ECB’s big gamble
There’s been little indication that the ECB has wavered from its intent to tighten rates this week, despite the deterioration in the eurozone sovereign crisis since last month’s press conference. But is its resolve in (seemingly) pushing ahead to tighten rates a sign of confidence or recklessness? There are growing signs that it may be … “The ECB’s big gamble”
Is Trichet Bold Enough to Change His Mind?
At this time three years ago, Trichet raised the rates just before the global financial system collapsed. He found himself slashing the rates quickly afterwards. It’s not only a fresh round of the debt crisis that poses a risk. There are many signs of a slowdown at the euro-zone’s strongest countries and all over the … “Is Trichet Bold Enough to Change His Mind?”
Greek Selective Default Already Accounted For
While talks continue on private sector contribution to a second bailout package for Greece, the market is already taking this into consideration. John Kicklighter from DailyFX discusses this option, the upcoming ECB rate decision, the meaning of the end of QE2 and other fundamental questions: JOHN KICKLIGHTER – Currency StrategistOffice: San FranciscoBio: John Kicklighter is … “Greek Selective Default Already Accounted For”
NZD/USD: Trading the New Zealand GDP Release
After NZD/USD tested new highs, it will now face a significant test with the release of GDP in New Zealand. The publication, which is first and final, provides a trading opportunity. Here are the details and 5 possible scenarios for NZD/USD. Update: The publication was postponed by one week, to July 13th, 22:45 GMT. Indicator … “NZD/USD: Trading the New Zealand GDP Release”
Monitoring Closely or Very Closely? ECB Preview
Jean-Claude Trichet will meet the press once again. He is likely to appear after the announcement of a rate hike, and the markets will focus on his words at the press conference. What will Trichet hint about the next moves? How will the euro react? ECB Preview. Hiking the rates to 1.50% In the previous … “Monitoring Closely or Very Closely? ECB Preview”
EUR/CHF Bullish Into Next Week, EUR/JPY Holds On
EURCHF: Rallies Sharply, Bullish Into The New Week. EURCHF – Outlook on EURCHF remains to the upside nearer term after reversing its three-week gains to close at 1.2332 at the end of the week. This is coming on the back of a halt of its broader weakness and a rally off the 1.1805 level, its … “EUR/CHF Bullish Into Next Week, EUR/JPY Holds On”
EUR/JPY Holds on to Recovery, USD/CAD Continues Bearish Momentum
EURJPY: Holds On To Recovery Tone, Aims At The 117.90 Level. EURJPY- Our outlook remains higher on EURJPY for further corrective recovery. With continued hold on to most of gains triggered from the 113.49 level, further strength should build up towards the 117.90 level, its Jun 07’2011 high. A strong foothold above the 117.90 level … “EUR/JPY Holds on to Recovery, USD/CAD Continues Bearish Momentum”
Debt Ceiling: Afghanistan and Iraq Could Provide Solutions
Democrats and Republicans aren’t able to reach an agreement on budget adjustments that would pave the way for raising the debt ceiling, which is set to be passed on August 2nd. Pulling out of Iraq and Afghanistan could provide a solution that would allow for significant budget cuts. Leveraging the debt ceiling crisis and using … “Debt Ceiling: Afghanistan and Iraq Could Provide Solutions”
5 Most Predictable Currency Pairs
There are forex pairs which will slow down and bounce back as they get close to a distinct support ro resistance line. If they do have strong, determined momentum, they will break through without looking back. These pairs, that tend to obey the rules, are the more predictable ones. Not all of them are. Here … “5 Most Predictable Currency Pairs”