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Forex Weekly Outlook April 23-27

posted by Avatar forexcrunch 36 days ago in USD, Fundamental, Weekly

The US dollar retreated as doubts about the US economy’s strength continue mounting. The US rate decision which also features a press conference by Ben Bernanke, is definitely the main event of the week, but a rate decision in Japan and initial G read more
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EUR/USD Moving Above Resistance Before Greek Bank Reports, P

posted by Avatar forexcrunch 36 days ago in USD, EUR

Euro dollar enjoyed strong figures from Germany's IFO institute and managed to break above the line it failed to breach yesterday. Without any major US releases today, the focus remains on Europe: Spain and Italy's high bond yields and Greek issu read more
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British Retail Sales Leap by 1.8% – GBP/USD Breaks Higher

posted by Avatar forexcrunch 37 days ago in USD, GBP

The 1.8% rise is a huge surprise. The volume of sales dropped by 0.8% last month and was expected to rise by 0.4% this time.

GBP/USD is now at 1.6115, breaking earlier levels hitting levels last seen 5 months ago.

GBP/USD was moving higher read more
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German Ifo Business Climate Surprises and Rises – EUR/USD Br

posted by Avatar forexcrunch 37 days ago in USD, EUR

Germany's No. 1 think tank business climate ticked up to 109.9 points. Early expectations stood on a drop from 109.8 to 1.09.6.

EUR/USD leaps above 1.3165 following the publication - this line capped it yesterday.

The IFO's Current Assessme read more
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EUR/USD - All Eyes on Key Releases in US

posted by Avatar forexcrunch 37 days ago in USD, EUR made popular 37 days ago

Euro dollar rebounded from yesterday’s slide (April 18th), as the pair has climbed into the mid-1.31 range. The markets remain wary about the fiscal situation in Spain. The country held a successful bond auction earlier in the week, raising the f read more
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Spanish Auction: Full Cover but High Yields – EUR/USD Bounce

posted by Avatar forexcrunch 38 days ago in USD, EUR made popular 37 days ago

Spain exceeded the target of its fund raising, and received 2.541 billion euros, just above the 1.5 – 2.5 target. On the other hand, yields continued rising: fir the closely watched 10 year bond: 2022 bond yield 5.743% (last 5.403%).

The short read more
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GBP/USD: Trading the British Retail Sales

posted by Avatar forexcrunch 38 days ago in USD, GBP

British Retail Sales is considered one of the most important indicator of consumer spending. A reading that is higher than the market forecast is bea... read more
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Without a Higher Participation Rate, US Job Growth Will Not

posted by Avatar forexcrunch 38 days ago in Fundamental made popular 38 days ago

US jobs growth is mediocre at best, and the current job growth trend cannot last for too long, says Christopher Vecchio of DailyFX. The US economy may be on a better footing than in previous years, but it’s hard to be optimistic.

In the interv read more
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EUR/USD: Trading the US Unemployment Claims

posted by Avatar forexcrunch 38 days ago in USD, EUR made popular 38 days ago

The US Unemployment Claims indicator is released weekly, and measures the number of people filing for unemployment for the first time during the previous week. A reading which is higher than the market forecast is bearish for the dollar.

Her read more
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EUR/USD April 18 - Economic Sentiment Releases Shine

posted by Avatar forexcrunch 39 days ago in USD, EUR made popular 38 days ago

Euro dollar was down from yesterday’s levels (April 17th), shrugging off some sparkling economic confidence releases. The German Economic Sentiment posted a reading of 23.4, easily surpassing the market forecast of 19.7. Not be outdone, Euro-zone read more
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NZD/USD: Trading the New Zealand CPI

posted by Avatar forexcrunch 39 days ago in NZD

The New Zealand CPI (Consumer Price Index), which is released every quarter, is an inflation index which measures the change in the price of goods and services charged to consumers. A reading which is higher than the market forecast is bullish fo read more
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GBP/USD Moves on 1.60 as Über Dove Turns Hawkish

posted by Avatar forexcrunch 39 days ago in USD, GBP made popular 39 days ago

Adam Posen, which was a consistent hawk, doesn’t support additional QE in Britain anymore. Only one member, David Miles, still supports a further expansion.

This surprise sent GBP/USD towards the critical round level of 1.60 which it had a har read more