European consumers appear to be becoming more pessimistic abut their lot as well and we may see further evidence today from Italy and Germany. From the States are the durable goods orders and new home sales. The latter is almost certainly going to be soft. Durable goods are another risk… Read More …
| Tagged Fundamental Outlook
As consumer confidence is hitting low records, combined with everlasting housing slump, and making things worse inflation is just keep getting higher, dollar lost ground against the Euro climbing above the 1.5 barrier eventually, and who knows where this wave is going to take us. Read More …
| Tagged Fundamental Outlook
FX: USD-weakness more or less across the board on speculation that rates will soften even further. EURUSD printed new all-time highs at 1.5047 and AUDUSD is close to 2007 highs at 0.9400. Read More …
| Tagged Fundamental Outlook
Inflation and a crisis of confidence in the Fed remain firmly in focus, after the very high headline and core PPI readings and tumbling consumer confidence from the US finally pushed the USD over the edge suddenly after the creeping sell-off late. As if the data wasn’t enough, the Fed’s… Read More …
| Tagged Fundamental Outlook
EUR/USD has gained one and a half big figure following yesterday’s better than expected European data combined with worrying US data. Technically, the outlook remains bullish for a move towards 1.52. Fundamentally, yesterday’s move confirms that signs that Europe remains ahead in the cycle should translate into a further rise… Read More …
| Tagged Fundamental Outlook
And then it happened- EURUSD (USDDKK) breached the psychological barrier of 150 (497). It was unexpected but nevertheless a risk that could happen if the right circumstances were at the same place at the same time. The circumstances were in this matter a stronger than expected IFO index from Germany,… Read More …
| Tagged Fundamental Outlook
