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Moneylet.com where you decide financial news!
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Australian Dollar Under Pressure But Fails to Break Below Trend Line
gregory 12 hours ago (via dailyfx.com)
The AUDUSD has pared yesterday’s advance as U.S. traders came back online today. With risk aversion regaining its footing, if we continue to see the U.S. dollar strengthen against the Aussie, and break below the rising trend line on the 15 minute chart, I would not rule out further downside risks.
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Ranging or Trending
gregory 12 hours ago (via dailyfx.com)
Student's Question:If we are looking at the chart, surely it's nothing too difficult to identify whether the market is in range or trending condition since the chart is representing historical prices. But is there any way to know whether the market is going to be trending or range bound ahead of time?
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Foreign exchange market once again in hands of Federal Reserve
robert 12 hours ago (via fxstreet.com)
U.S. real GDP data revisions by the Bureau of Economic Analysis this past July 30 put a dent in our growth and monetary policy scenarios. The data revisions, which showed the U.S. economy running at an even lower capacity utilization rate than initially reported, converged with a soft job market to leave the financial markets feeling disenchanted about the possibility of an imminent interest rate
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U.S. Forex Market Commentary
gregory 12 hours ago (via fxstreet.com)
EURO The euro depreciated sharply vis-Ã -vis the U.S. dollar today as the single currency tested bids around the US$ 1.2730 level and was capped around the $1.2875 level. European sovereign credit jitters continued to dominate news headlines and trading activity today. Yields on credit default swaps for Greece and Ireland reached very high levels today and there is renewed talk of a po
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Traders Pile on CAD Short Positions
gregory 12 hours ago (via dailyfx.com)
The COT index indicates that traders are extremely pessimistic the Canadian dollar. Since this reading follows sideways trading, the CAD may soon break down.
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The Overrated Double-Dip- Much Ado About the Wrong Thing
robert 12 hours ago (via fxstreet.com)
September 2010 issue View a complete explanation of the Kondratieff Wave theory The whipsaw that has marked the summer of 2010 continued in full force last week. The 5% decline in August was met with a sharp rally mid-week once September began as investors viewed the ISM and Employment reports as evidence of no double-dip. In fact, all summer it seems everyone has become so enamored ab
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Second-Quarter Real GDP Growth - Germany vs. the U.S.
robert 12 hours ago (via fxstreet.com)
As Chart 1 shows, German real GDP growth, at an annualized rate of 9.0%, blew away U.S. growth at a paltry 1.6%. A number of factors might account for the stronger performance of the German in economy in the second quarter vs. the U.S. But one I want to concentrate on is the change in credit provided by private-sector financial institutions. These data are presented in Chart 2. I do not have orang
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USD/CAD: Trading the Bank of Canada Interest Rate Decision
gregory 12 hours ago (via dailyfx.com)
Market participants speculate the Bank of Canada to deliver another 25bp rate this month as the economic recovery gathers pace, and hawkish comments following the interest rate decision are likely to spark a bullish reaction in the loonie as investors weigh the prospects for future policy.
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The enigma of productivity in Canada
robert 12 hours ago (via fxstreet.com)
Summary Since 2006, Canadian businesses have seen labour productivity increase by no more than a sliver. The phenomenon is broad-based. Worse still, 7 of the 15 industries that make up the business sector have actually registered a decline in productivity. The reallocation of labour from the manufacturing industry to construction and the service industries has contributed to dampen productivity gr
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Forex Weekly
gregory 12 hours ago (via fxstreet.com)
FX Weekly Review-30th August-5th September 2010 By George Tchetvertakov, Head of Market Research •Mixed macro data from the G20 led to mixed price action in most currency pairs •A broadly risk-neutral week included several positive surprises to appease the recovery skeptics. Double-dip fears in the US eased away from the brink with additional Fed easing now more likely to be delayed further â€
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