Research teams at Merrill Lynch said that the unemployment rate rose to a seasonally adjusted 5.1% in April, continuing the increasing trend that dates to July 2012. We view the increase as temporary and part of the soft patch in the economy in 1H. They expect unemployment to decline in thesecond half, but it will […]
Mexico– unemployment to fall slowly in 2H13 – Merrill Lynch Read More »
2013-06-04 03:20 GMT 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
Forex Technical & Market Analysis: June 04 2013 Read More »
It seems that all traders have similar misconceptions about the Forex market and how it operates. These misconceptions lead to them to commit similar mistakes mainly because they often believe that these strategies will be able to give them the Forex success they’ve always desired. This article is aimed at identifying these mistakes and giving
How To Avoid 10 Biggest Forex Trading Mistakes Read More »
JP Morgan have offered their opinions to be positioning selectively for further deleveraging of short-term speculative positions and longer-term bond positions following the biggest rise in interest rate volatility in 2-1/2 years and spillover to more unstable equity/FX conditions, but say to avoid big positions due to payrolls coming up at the end of the
Flash: Macro trade positioning– JP Morgan Read More »
The European followed Asian indices downward Monday, as rumors still abound as to the inevitable decisions surrounding the US federal stimulus program. Without any meaningful drivers in today’s session, most stocks have traded with a slight manner of tepidness ahead of more widespread decisions. Briefing the indices and composites, the EURO STOXX 50 fell -0.71%
European equities drop Monday Read More »
2013-03-06 06:18 GMT Keep an eye on the oil market after Chavez's death Following the breaking news of Venezuela's president Hugo Chavez death, which has no direct impact on the currency market, traders should, nevertheless, keep an eye on the Oil market, as it may produce some volatility. Venezuelan Vice President Mr. Maduro is expected
Forex Technical & Market Analysis: June 03 2013 Read More »
Keep an eye on the oil market after Chavez’s death Following the breaking news of Venezuela’s president Hugo Chavez death, which has no direct impact on the currency market, traders should, nevertheless, keep an eye on the Oil market, as it may produce some volatility. Venezuelan Vice President Mr. Maduro is expected to win the
Forex Technical & Market Analysis: June 03 2013 Read More »
2013-05-31 18:36 GMT The sterling is retaking the 1.5180 region at the end of the week, prolonging the correction higher after today’s lows in the boundaries of 1.5140. “All signals remain in sell territory, with spot failing to break above the 21‐day MA or the 50‐day MA. All studies are still in sell territory, accordingly
GBP/USD closing the week around 1.5175/80 Read More »
2013-05-31 18:45 GMT Even though EUR/USD rallied toward a 3-week high of 1.3060 on Thursday, the euro failed to sustain momentum and is on track to close the week below the 1.3000 mark, although it has managed to hold onto positive ground. From a wider view, EUR/USD is recording the second weekly gains in a
EUR/USD records mild loss in May Read More »
