Forex trading and market news!
As we enter a new financial quarter we're confronted with a raft of fundamental news and policy decisions in the first week of the month that could alter the current trend or deepen the existing trends… Early in the Asian session we'll have the China manufacturing survey print which is based on a survey of […]
Is The Trend Still You Friend? Week Beginning Sunday June 30th 2013 Read More »
In his speech in Jerusalem he stated; “We will look with an open mind at these measures that are especially effective in our institutional setup and that fall within our mandate. Some of those measures may have unintended consequences. This does not mean that they should not be used, but it does mean that we
Is This a Doji I See Before Me? Read More »
Once again we await news from the German courts, who are deciding whether or not Germany rescuing other countries by way of, for example, monetary easing is constitutional for German taxpayers. The German constitutional court will start its hearing on the legality of the European Central bank's bond buying programme at 11am local time (10am
Judgment Day For The ECB In The German Courts Read More »
Overnight/early morning the BOJ (bank of Japan) published its latest monetary policy statement. The Board of the Bank of Japan decided that the Bank of Japan will conduct money market operations so that the monetary base will increase at an annual pace of about 60-70 trillion yen. On current exchange rates this is approximately $600-700
A Trillion Here, a Trillion There, It Soon Adds Up… Read More »
During his visit to Japan over the weekend the French President Francois Hollande told the assorted dignitaries, luminaries and hunting press pack during a press conference that the Eurozone had overcome its biggest test and was now on the way to recovery; "What you need to understand here in Japan is that the crisis in
Is France Stoking The Fires of a Manufacturing Led Recovery? Read More »
Germany's factory orders came in way below expectations yesterday, the economists polled by Bloomberg expected a 1% drop and the published figures indicated a 2.3% drop, which was quite a miss. However, the euro appeared to brush this news aside and stay on its bullish intraday trajectory, eventually finishing at its highest rate versus the
Don't Trade The News, Trade The Reaction to The News 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 »
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 »
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 »
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 »
