Japan’s final Q3 GDP comes worse-than-expected

FXStreet (Bali) – Japan’s final Q3 GDP data came even worse than the preliminary, at 0.5% q/q vs expected -0.1% and preliminary -0.4%, confirmign two straight quarters of recession in the country, as the sales tax hike introduced back on April 1st keeps weighing on economic growth. Other headlines Japan Gross Domestic Product Annualized came …

Wait a bit for ECB QE, watch out for upside US NFP surprises – SG

FXStreet (Barcelona) – Kit Juckes, Global Head of Currency Research at Societe Generale, forecasts the NFP to be at 275k, well above the 230k consensus, suggesting that the market should watch out for upside US NFP surprises. Key Quotes “NFP day is either a reason to do nothing or a reason to be long the …

USD/CAD bull bias aims for 1.1460/68 – MarketChartist

FXStreet (Barcelona) – Steve Miley of MarketChartist, sees bull pressures re-energizing for the USD/CAD pair, targeting 1.1655 levels through year-end. Key Quotes “The strong bull rally to end November has stalled at the cycle high at 1.1468, but has produced a bullish shift for upside risk into mid-December. Erratic consolidation has dominated much of this …

Sticking to EURUSD shorts despite ECB disappointment – Nomura

FXStreet (Bali) – Nomura FX Strategists note that while the market was disappointed by today’s ECB decision not to deliver concrete details on sovereign QE, the bank still believes about a reckoning delayed to announce a full-blown QE early next year. Key Quotes “Overall, the ECB meeting was a disappointment today, as there was very …

Japan unveils plan to aid small firms suffering from weak Yen

FXStreet (Bali) – The Japanese government is working on a plan to assist small/medium-sized firms, negatively impacted by the Yen depreciation. Key quotes – Bloomberg “Japan’s government moved to address mounting concerns about the weakening yen by pledging assistance for small companies, as the central bank governor said the decline wasn’t a minus for the …