The US dollar had a rough week in which mostly weak economic data hit the greenback. Can hope for a recovery in Q2 help it or are more falls expected? Inflation data in New Zealand and Australia, US Durable Goods Orders and various central bank speeches are the highlights of this week. Here is an …
The US dollar managed to stage a recovery after the previous blows, especially against the majors. A busy week awaits traders with US inflation and consumer data as well as rate decisions in Canada and the euro-zone among other events. Here is an outlook on the highlights of this week. US data began recovering and …
Continue reading “Forex Weekly Outlook Apr. 13-17 April 2015”
US Unemployment Claims is released weekly, and measures the number of people filing for unemployment for the first time. It is considered an important measure of the health and direction of the US economy. A reading which is higher than the market forecast is bullish for the euro. Indicator Background Analysts closely monitor employment data, …
Continue reading “EUR/USD: Trading the US Unemployment Claims”
The British Services PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the services sector. A reading which is higher than the market forecast is bullish for the pound. Indicator Background Market analysts are always interested in the views of purchase managers on the economy, as the latter are considered to …
Continue reading “GBP/USD: Trading the British Services PMI”
German Ifo Business Climate is a monthly composite index of about 7,000 businesses, which are surveyed about current business conditions and their expectations concerning economic performance over the next six months. A reading which is higher than the estimate is bullish for the euro. Indicator Background The index remains at high levels, and stayed steady …
Continue reading “EUR/USD: Trading the German Ifo Business Climate”
Dollar has made some pullback after last week’s mrs.Yellen’s speech and gave other currencies some fresh air. However the recovery is just too small to change the bearish outlook across the markets. Most of the pairs are currently stuck at the resistance levels and need some fundamental data to break them or bounce back to …
Continue reading “EUR to continue recovery this week but the process will be difficult”
The US dollar suffered a blow from the Fed, but the reaction was not equal across the board, in a week that saw significant volatility. Inflation data in the UK and the US, housing data, durable goods orders from the US and a speech from Draghi stand out. These are the highlights of this week. …
