ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Versus The American DollarTitle:
Markets Ignore Pessimistic Data after China Commits to Boost Growth
After the huge selloff seen through the week, markets returned once again to correct some of the losses incurred supported by the Chinese commitment to support growth and revive the recovery, where investors ignore the heavy load of pessimistic data as Greece still the highlight in markets amid the disappointing informal European Summit yesterday.
Surely, the sentiment is still negative and markets are to resume the bearish wave, but currently markets react to the positive Chinese announcement as the nation pledged to implement more and more measures to boost growth and revive the slowing pace of recovery, noting that China used to lead the pace of recovery worldwide.
Another bullish fact for markets today is the durable goods report from the world`s largest economy, where the critical ...
Title:
Weekly Economic and Financial Commentary : 19/05/2012
U.S. Review
To QE3 or Not To QE3: That is the Question
- Some market participants are beginning to speculate about another round of quantitative easing. Although recent growth indicators have not been particularly stellar, the economy is still growing. Moreover, core CPI inflation in the neighborhood of 2 percent means that the threshold for more QE is relatively high.
- Overall, indicators were positive during the week. Housing starts increased by 2.6 percent in April, the Empire Manufacturing index improved to 17.09 in May from a 6.56 print in April and retail sales printed a 0.1 percent increase in April, in line with expectations.
To QE3 or Not To QE3: That is the Question
QE3 seems to have more lives that a cat; it comes back into the forefront of the U.S. economy discussion ...
Title:
Dukascopy Morning Forex Overview : 05/18/2012
Fundamental Analysis
EUR
"Spain, once again, is where the confidence game is played"
- Sebastian Paris Horvitz, strategist at HSBC Private Bank Suisse
Spain sold the maximum targeted amount of debt, 2.5 billion euros, during yesterday’s auction with spiking borrowing costs. The interest rate of three-year bonds rose to 4.373% from April’s figure of 2.89% while interest rate of five-year bonds surged to 5.106% from 3.374 in March.
USD
"What we’re seeing in foreign-exchange markets is strong demand for the U.S. dollar"
- Steven Saywell, head of foreign-exchange strategy for Europe at BNP Paribas SA
Latest US initial unemployment claim data was released yesterday – 370 000 Americans demanded their jobless benefits last week versus a 368 000 consensus forecast. The Labor Department revised ...
Title:
Dukascopy Afternoon Forex Overview : 05/14/2012
Dukascopy Fundamental Analysis
EUR
Industrial production in the 17 countries that use the euro fell unexpectedly in March, leaving little doubt the region contracted for a second straight quarter in the first three months of the year and returned to recession, data by Eurostat showed Monday.
USD
Stocks fell, commodities declined to their cheapest level this year and the euro weakened to a three- month low on concern that Greece will exit the single European currency and after German Chancellor Angela Merkel’s party lost a state election.
GBP
The government, and many economists, say the U.K.'s austerity plan has succeeded in reassuring financial markets that the government is focused on wrestling down the country's debt, which had ballooned to the highest levels since World War II. As a ...
Title:
U.S. Stocks Fall Amid Speculation Greece Will Depart Euro
U.S. Stocks slumped at the open on Monday, sending the Standard & Poor`s 500 Index below key 1,350, with basic materials and energy shares falling the most this morning as concerns grew Greece will lose its euro-membership while the country`s political leaders fail to forge a collation government.
The Political uncertainty is mounting with four parties failing to find a common ground in order to avoid having to call an inevitable new election in June. Should Greece face new elections next month, markets will start to weigh a referendum on Greece staying in the euro.
Leaders of Greece`s main political parties stood rigid in their positions on the country`s debt agreement with European Union to International Monetary fund, making a coalition government barely impossible as European finance ...
Title:
Gold slips as Europe elections hurt the euro, stocks
Gold eased on Monday after elections in France and Greece at the weekend reflected strong anti-austerity feeling and raised concerns over the euro zone's ability to battle its debt crisis, knocking the euro to a three-month low versus the dollar.
Greek voters in particular rejected the austerity-for-aid policies that have shielded the country from bankruptcy and a euro exit, dealing a serious blow to the euro zone's fragile political consensus on debt.
Assets seen as higher risk, like stocks and commodities, came under pressure along with the euro. European stocks slumped to 4-1/2 month lows, Brent crude oil fell to its lowest since January, and safe-haven German Bund futures hit record highs.
Spot gold was down 0.1 percent at $1,639.60 an ounce at 0942 GMT, having earlier dropped as ...
Title:
Dukascopy Morning Forex Overview : 04/05/2012
Fundamental Analysis
EUR
"Technically, easier monetary policy conditions should be currency negative."
- Jane Foley, analyst at Rabobank
The European Central Bank held key rate at 1 per cent on Thursday and told it expects a gradual economic recovery this year.
USD
"Labor market conditions have improved in recent months."
- Federal Open Market Committee
The number of Americans claiming for unemployment benefits tumbled to 365,000 in the week ended April 28 from 392,000 the week before, said the Department of Labor on Thursday.
GBP
"The service sector started the second quarter on a weaker note than in the first quarter, but continued to grow at a reasonable pace."
- Chris Williamson, chief economist at Markit
U.K. service sector growth slowed in April, Markit Economics data showed on ...
Title:
SunBirdFX Daily Market Analysis : 05/04/2012
www.sunbirdfx.com
Wall Street shed 0.70% yesterday on the background of mixed data. Continuing jobless claims were better than expected with 365K unemployment claims, whereas ISM manufacturing PMI was under Wall Street expectations. It seems that the NASDAQ index, which led the markets during the recent rally, is now the index that pulls the markets down, as the industry index, Dow Jones, has already reached the annual highs.
AUD/USD
The investors have waited for today since the beginning of the week to see the results of the Non-Farm payroll change, but according to the ADP data from Wednesday, they might get disappointed. Analysts' estimation for this data is 173K new jobs that the American economy created comparing to 120K on the previous data.
The Australian dollar has been sliding ...
Title:
YouTradeFX Daily Market Analysis : 03/05/2012
Fundamental News
Today’s highlights:
· Initial Jobless Claims + Nonfarm Productivity (QoQ) (U.S., 13:30 GMT)
· Interest Rate Decision (EUR., 12:45 GMT)
· ECB Press Conference (EUR, 13:30 GMT)
· ISM Non-Manufacturing Index (U.S., 15:00 GMT)
U.S. Factory Orders fell 1.5 Percent in March to $460.5 billion following a 1.1 percent increase in February, according to figures released Wednesday by the Commerce Department. While, ADP said that U.S private sector employment increased by 119,000 jobs in April following a downwardly revised increase of 201,000 jobs in March.
The euro remained lower following a three-day decline on bets that European Central Bank President Mario Draghi will hint at further stimulus measures to counter the region’s debt crisis after ...
|