After Friday’s late dollar selling, the markets have allowed the dollar to breath. Will the dollar recover or has the fall stopped temporarily? On Friday, Non Farm Payrolls were better than expected. "Only" 539K jobs were lost in April, contrary to early expectations that were at -615K and later improved to 590K. The good figure … “Hangover from Friday Effect – What’s next for the”
Category: Opinions
British Housing is also Recovering
British Construction PMI was a huge surprise. Adding to previous figures, British housing is clearly off the bottom. The Pound rallied after this release. British Construction PMI jumped to 38.1 points, much much better than last month’s 30.9, and also far better than early expectations which stood on 31.9. This huge leap in Purchasing Managers … “British Housing is also Recovering”
8 Reasons why Non-Farm Payrolls will be Better
Some American figures have shown improvement in the past month. Also economists have expressed optimism. This should be reflected in the upcoming Non-Farm Payrolls? April’s NFP could be better than expected. The dollar will feel it. There are several economic indicators that show that the American economy is improving, or at least stabilized. Hope for America … “8 Reasons why Non-Farm Payrolls will be Better”
GDP And FOMC Roundup – Yen Hurt
Advance GDP and the FOMC Statement supplied much volatility for the forex market. Most currency pair eventually stayed in the same place. Only the Yen was significantly hurt. Advance GDP was very bad: According to the early indicator, the American economy squeezed by 6.1% in the first quarter of 2009, much worse than early expectations … “GDP And FOMC Roundup – Yen Hurt”
Swine Flu Raises the Dollar
The Swine Flu has ignited fear of more economic woes, which sent the dollar high on risk aversion. How long will this last? The news around the world is dominated by the Swine Flu – or Swine Influenza. This disease, that first made the news after cases in Mexico, now happened in the US and … “Swine Flu Raises the Dollar”
GDP and FOMC Statement – Super Wednesday Scenarios
The upcoming forex trading week will come to peak on Wednesday, when American Advance GDP and the FOMC Statement will rock the markets on the same day. Here are some scenarios. Forex trading this week features quite an uncommon collision of events: on the same day, April 29th, two major American events will occur: Advance … “GDP and FOMC Statement – Super Wednesday Scenarios”
G7 Optimism – Bad for the Dollar
G7 Finance ministers expressed optimism in their meetings this weekend. This optimism ignites risk aversion which isn’t good for the US dollar, and might send other currencies higher against it. Finance ministers of the Group Of Seven met this weekend in Washington DC to discuss the state of the global financial crisis. These finance ministers, … “G7 Optimism – Bad for the Dollar”
Forex Trading Surging In 2009
Forex Trading is becoming more and more popular. New figures show that the uptrend continues in 2009, despite the recent stock market recovery. For forex traders, it’s trivial that there is a currency that always goes up. There is no “bear” market – but always a bullish market. You just have to go with the … “Forex Trading Surging In 2009”
Big Day in Britain
Tomorrow, April 22nd, is a big day in Britain, with many major releasesץ GBP.USD will shake, and so will two interesting Pound crosses: EUR/GBP and GBP/JPY. Here’s a special coverage of tomorrow’s 7 British releases, in this critical week for the Pound: Apart from the Annual Budget Release, all the figures are released at 8:30 GMT. … “Big Day in Britain”
Pound Breaking Down – Not Waiting for Data
In the wake of the new and and critical trading week, the Pound is tumbling down, seeing levels that haven’t been visited for three weeks. Do this imply the direction when the major indicators are published later this week? The British Pound began the forex trading week with a pound – GBP/USD now trades at … “Pound Breaking Down – Not Waiting for Data”