Yesterday the Eurozone (and more specifically Spain) finally received some positive news on the dire unemployment situation which has disproportionately hammered Spain’s youth employment prospects. To describe the news that unemployment had stopped rising, and conducted a hand brake turn that a stunt driver in Fast & Furious 6 would be proud of, would be […]
The Rain In Spain Falls Mainly..Or Has It Stopped Falling? Read More »
So the Wednesday numbers and the scores published on the various analysts’ doors, exceeded expectations. Well sort of… The ADP jobs report numbers pitched in with a healthy 135,000 new jobs added. However, as is customary with ADP, the last set of results in April, came with the now expected revision downward. The numbers for
Morning Roll Call, Between The Lines Read More »
In the overnight session the Australian first quarter growth figures were produced and the publication disappointed analysts, albeit the prediction versus the actual published fact was marginal. The 0.6 per cent quarterly expansion, below analyst expectations of 0.7 per cent, caused speculation that the Reserve Bank of Australia will look to cut cut base interest
Australia Doesn’t Need To Dig Itself Out of The Hole It’s Created Read More »
Yesterday the Eurozone (and more specifically Spain) finally received some positive news on the dire unemployment situation which has disproportionately hammered Spain's youth employment prospects. To describe the news that unemployment had stopped rising, and conducted a hand brake turn that a stunt driver in Fast & Furious 6 would be proud of, would be
The Rain In Spain Falls Mainly..Or Has It Stopped Falling? Read More »
So the Wednesday numbers and the scores published on the various analysts' doors, exceeded expectations. Well sort of… The ADP jobs report numbers pitched in with a healthy 135,000 new jobs added. However, as is customary with ADP, the last set of results in April, came with the now expected revision downward. The numbers for
Morning Roll Call, Between The Lines Read More »
So summer time is upon us and (depending on how profitable you've been this year), your thoughts may begin to planning a summer break. If it's not been a great year for you (so far) and all you can afford is a campsite rather than canapés in the Caribbean, then you have my sympathy. Having
Don't Be a Forex Hedgehog, Be a Forex Fox! Read More »
2013-06-06 04:20 GMT EUR Prime for a Breakout on ECB The euro is prime for a breakout. Unlike other major currency pairs, EUR/USD traded in a relatively tight range throughout the European and North American sessions. On a technical basis, the currency pair stayed between the 100 and 200-day SMAs for the past 48 hours,
Forex Technical & Market Analysis: June 06 2013 Read More »
EUR Prime for a Breakout on ECB The euro is prime for a breakout. Unlike other major currency pairs, EUR/USD traded in a relatively tight range throughout the European and North American sessions. On a technical basis, the currency pair stayed between the 100 and 200-day SMAs for the past 48 hours, which reflects the
Forex Technical & Market Analysis: June 06 2013 Read More »
Fitch cuts Cyprus to B-, negative outlook Fitch Ratings has downgraded Cyprus’s long-term foreign currency issuer default rating by one notch to ‘B-‘ from ‘B’ while keeping a negative outlook due to the country’s elevated economic uncertainty. The rating agency had placed Cyprus on negative watch in March. With this decision, Fitch pushed Cyprus further
Forex Technical & Market Analysis: June 04 2013 Read More »
Ilan Solot, EM Strategist at Brown Brothers Harriman believes that USD/BRL may be positioned to test the March 2009 high around 2.45. He begins by noting that Brazil May trade data will be reported Monday, with exports expected at -5% y/y and imports basically flat. He adds that external accounts have been worsening recently, not
Flash: BRL may test 2009 high – BBH Read More »
