ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
But We Advise To TradeTitle:
The Weekly Bottom Line : 13/04/2012
The Weekly Bottom Line
HIGHLIGHTS OF THE WEEK
United States
A narrowing trade deficit and larger than expected inventory accumulation in February suggests Q1 growth will be closer to 2.5-3.0% than our previous forecast for 1.7%.
That being said, this does not change our underlying outlook. The higher print on GDP reflects an inventory swing and improved trade balance due to weak imports. In contrast, domestic demand still appears set to post a shallow 2% gain.
In order for the U.S. economy to generate sustained growth at the 3% level, we will need to see a much healthier job market that is capable of generating widespread growth in real incomes.
Canada
In two survey releases, the Bank of Canada detailed that businesses are more upbeat about their sales' prospects and ...
Title:
IEA says oil market fundamentals easing
(Reuters) - The oil market has broken a two-year cycle of tightening supply conditions, the International Energy Agency (IEA) said on Thursday, as demand softens and Saudi Arabia increases output in response to tensions with Iran.
The agency said in its monthly report that there had potentially been a rise in global oil stocks of 1 million barrels per day (bpd) over the last quarter, and the impact on prices had not yet been fully realized.
"The cycle of repeatedly tightening fundamentals since 2009 has been broken for now," it said.
The IEA, which advises 28 industrialized nations on energy policy, said the possibility that countries, led by the United States, could release stocks from strategic reserves, together with a pledge from top oil producer Saudi Arabia to supply clients ahead ...
Title:
USD recovers lost ground
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
WORLD
The dollar had a surprise recovery overnight, and quickly reclaimed all ground lost to the euro after Friday’s weak US payrolls. However, flows were light as New Zealand, Australia, and Hong Kong remained closed. A stronger-than-expected China CPI failed to generate much interest, and allowed AUDUSD to take the news largely in its stride. Our core bullish dollar view is unchanged; we still expect the Fed to gradually back away from QE3 as other major central banks maintain an easier bias, likely ensuring outperformance of the US dollar over other majors this year.
Our analysts stress that the soft 120k US nonfarm payrolls print for March reflected ‘payback’ due to weather effects rather than fundamental weakening, with the earlier weather- ...
Title:
Risk Aversion Causes Euro to Reverse Gains
The EUR/USD, which had come within a one-week high during the overnight session yesterday, once again fell below the 1.3300 level during European trading. Analysts attributed the bearish correction to ongoing uncertainties regarding the euro-zone economic recovery. Today, the US ADP Non-Farm Employment Change figure is likely to be the highlight of the trading day. The figure is considered a valid predictor of Friday's all-important Non-Farm Payrolls figure, and typically leads to heavy market volatility. A better than expected result could help the USD against its main currency rivals.
Economic News
USD - Dollar Stages Slight Recovery vs. EUR, AUD
The US dollar was able to correct earlier losses against several of its main currency rivals during the European session yesterday, as risk ...
Title:
Insight: Bullish China shops in industrial Germany
(Reuters) - German businessman Norbert Scheuch was bowled over by his red-carpet treatment on a visit to China late last year and by how fast the country's largest construction firm sealed the deal to buy his company.
The head of Sany Heavy Industry, which is controlled by China's richest man, Liang Wengen, personally gave Scheuch a tour of their plant and then had a top manager drive him to the airport and wait with him for his flight home.
"Nobody would ever do that in Europe," said Scheuch, CEO of concrete pump maker Putzmeister.
"The Chinese made it very clear from the beginning they wanted the company immediately," he added.
Barely a month later, Sany's top negotiator Xiang Wenbo was in the offices of law firm Shearman Sterling in Frankfurt at 3 am to sign the deal to buy ...
Title:
Risk Aversion Boosts Safe Haven Currencies
Fears regarding the pace of the global economic recovery sent riskier assets lower during yesterday's session. The EUR/USD fell some 90 pips during the European session, while the EUR/JPY tumbled close to 150 pips. Today, the US dollar may be able to maintain its bullish trend if the FOMC Meeting Minutes helps boost investor confidence in the US economy. Later in the week, traders will want to remember that the US will be releasing the monthly Non-Farm Employment Change figure. With analysts predicting growth in the US employment sector, the dollar may see significant upward momentum in the coming days.
Economic News
USD - Positive US Data Helps USD
The US dollar saw gains vs. most of its riskier currency rivals as the combination of poor international fundamental news and positive US ...
Title:
Heavy Volatility Predicted for Non-Farm Payrolls Week
Following a relatively mild session last week, traders can anticipate significant market activity in the coming days, as a batch of significant US news is set to be released. While the most attention will be given to Friday's Non-Farm Employment Change figure, investors will be also looking at today's ISM Manufacturing PMI and tomorrow's FOMC Meeting Minutes for clues as to the current state of the US economy. Positive news may help the dollar move up vs. its main currency rivals, including the euro and Japanese yen.
Economic News
USD - Manufacturing Data May Give USD a Boost Today
The US dollar saw a mixed day on Friday to close out last week's trading session, as positive euro-zone news generated some risk taking in the marketplace. The passage of Spain's budget gave investor ...
Title:
Safe Heaven Currencies Continue to Rise on High Risk Aversion
Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than others currencies in times of market stress, will likely keep drawing demand as investors stay away from riskier assets.
Economic News
USD - U.S Dollar Soars against the EUR and GBP
The dollar rose against the EUR on Thursday, reversing the single currency's earlier gains, as investors grew more risk averse and sought safety in the dollar. By yesterday's close, the USD rose against the EUR, pushing the oft-traded currency pair to 1.3370. The dollar experienced similar behavior against the GBP and closed at 1.5900.
As the U.S economy stabilizes, currency traders have started to focus more on fundamentals such ...
Title:
YouTradeFX Daily Market Analysis : 27/03/2012
Fundamental News
Today’s highlights:
•GfK German Consumer Climate (GER, 06:00 GMT)
•CBI Distributive Trades Survey (GB, 10:00 GMT)
•CB Consumer Confidence (U.S, 14:00 GMT)
•Fed Chairman Bernanke Speaks (U.S, 16:45 GMT)
•FOMC Member Fisher Speaks (U.S, 17:20 GMT)
The U.S. unemployment rate has declined faster than the Federal Reserve has predicted, but the jobs market remains far from normal, Federal Reserve Chairman Ben Bernanke told the National Association for Business Economics Annual Conference 2012. The unemployment rate was at a three-year low of 8.3 percent in February. On the other hand, U.S Pending home sales index fell by 0.5 percent to a reading of 96.5 in February after rising by 2.0 percent to a reading of 97.0 in January, according to a report released by the National ...
|