Another day and another record high in the US stocks market as investors continues with its bullish sentiment as market took worse than expected economic data as the hope for ongoing central bank stimulus. Google's share jumped above the $900 but Apple declined around 3.35% on the day. The Dow Jones advanced 60.44 points or […]
Wall Street closes at new record highs Read More »
The US Bureau of Labor Statistics is scheduled to publish the April consumer price index on Thursday April 16 at 12:30 GMT (8:30 EST). Market expects a 0.2% monthly decline and a slowdown to 1.5% YoY on April. However, RBS' analyst team sees a deeper decline of 0.3% in prices between March and April. "The
Forex Flash: US CPI to fall 0.3% MoM and to slow to 1.2% YoY in April – RBS Read More »
The Aussie dollar is prolonging the weekly downside on Wednesday, falling from the boundaries of the parity level on Monday to the current region of 0.9870/75, levels last seen in mid June 2012. After yesterday’s figures of the Federal Budget in Australia, Analyst Adrian Foster at Rabobank, commented, “Australia’s government debt levels are not big
Forex: AUD/USD in lows around 0.9875/80 Read More »
Economic indicators are statistical analyses that observe the trends and performance of the economy and enables people to predict the future state of the economy depending on those trends. There are three classifications of these according to the time they change relative to the shifting of the general economy. These are: Leading indicators: Being short-term
Important Economic Indicators in Forex Trading Read More »
Nomura economist Young Sun Kwon notes that the Bank of Korea (BOK) has unexpectedly cut its policy rates by 25bp to 2.50%. He had previously assigned a 45% likelihood to the BOK being forced to cut rates as political pressure for such a move was building on the BOK. He feels that today's decision suggests
Forex Flash: BoK cuts rate by 25 bps to 2.50% – Nomura Read More »
2013-05-09 07:00 GMT EUR/USD notches a solid day of gains as ‘risk on’ mentality continues In a day where risk assets were primarily well bid across the board, the Euro was able to notch some decent gains, finishing up 81 pips at 1.3159. The initial catalyst which seemed to help push the pair higher was
Forex Technical & Market Analysis: May 09 2013 Read More »
2013-05-08 07:00 GMT What Equity Rally Says About Currencies Over the past week, all of the action has been in equities. U.S. stocks powered to new record highs while currencies consolidated quietly. The U.S. dollar weakened against the euro and Japanese Yen and strengthened against the British pound, Swiss Franc, Australian and New Zealand dollars.
Forex Technical & Market Analysis: May 08 2013 Read More »
2013-05-07 07:00 GMT A quiet week of economic data could keep EUR/USD range bound The EUR/USD closed the day down 41 pips at 1.3072. The pair is still searching for direction and given the upcoming week is much more quiet as far as economic releases are concerned the trading range nature of the pair could
Forex Technical & Market Analysis: May 07 2013 Read More »
The shared currency briefly pierced the key support at 1.3100 on Monday, after mixed signals from the Spanish economy. In fact, the services sector of the Mediterranean country extended its negative momentum in April, falling to 44.4 from 45.3 in the previous month, while the Unemployment Change surprisingly fell by 46.1K vs. a forecasted increase
Forex: EUR/USD toying with 1.3100 Read More »
2013-05-06 07:00 GMT EUR/USD still searching for direction after busy week of economic data After what was an extremely busy week of economic releases and central bank monetary policy meetings, the EUR/USD finished the week up 87 pips at 1.3116. The price action remains extremely choppy with neither side being able to sustain any follow
Forex Technical & Market Analysis: May 06 2013 Read More »
