After rising 600 pips in May from 97.00 in May 1st, the USD/JPY is now trading above the 103.00 level and according to the Rabobank analyst team, the perspective is positive in the long term. "At present the increase in risk appetite in the financial system combined with the aggressive nature of BoJ policy is […]
Flash: A cocktail supporting USD/JPY gains during the 6 to 12 mth horizon Read More »
New highs to end the week in the US stocks market as investor's confidence was fueled by a better than expected economic data. Impressive rally in Wall Street as stocks extended rally late in day after a good opening. This is the fourth straight week of stock gains with the Dow and S&P in record
Wall Street rallies on upbeat economic data Read More »
2013-05-16 03:05 GMT BoE sees a modest and sustained recovery over the next three years The quarterly Inflation Report released by the Bank of England on Wednesday suggests that UK inflation should rise above 3% in June and that it will possibly remain above the 2% target for the next two years. As for the
Forex Technical & Market Analysis: May 16 2013 Read More »
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 »
