As for the GDP – well, it’s probably a tighter call than the FOMC decision and will go down to the wire with what could be a fairly strong knee jerk reaction but which will likely calm down until the FOMC makes its announcement? Read More …
| Tagged Fundamental Outlook
All the wait, all the wondering, all the speculations, all will materialize today, as the U.S. economy takes over markets, and start pumping its famous class A fun-damentals, starting form ADP report, to the GDP Growth, passing through PCE and PMI, and Closing with FOMC Decision. Read More …
| Tagged Fundamental Outlook
The long awaited day has come finally, the FOMC will announce their decision to their interest rates later today but first a set of data will be released from various economies around the planet, and should have major impact on the financial markets especially the Euro and the Dollar. Read More …
| Tagged Fundamental Outlook
EUR/USD drifted lower yesterday as poor EU data dented euro sentiment. Weak UK data also blocked the sterling rebound. More bad news for the euro zone and the Fed paving the way for a prolonged pause in its easing campaign might cause additional repositioning on the currency markets. Read More …
| Tagged Fundamental Outlook
General weakness in commodities and basic material producers, anticipating USD strength after the important data today. EURUSD strong support at 1.5342. If the cross goes that low on the data, we suggest to buy with a stop below 1.5340 offered. Read More …
| Tagged Fundamental Outlook
A mother load of data is on its way today from the US. First up we get the ADP employment change data. The market may want to react to this number, but we prefer to ignore it due to its spotty record of predicting the non-farm payrolls number, which itself… Read More …
| Tagged Fundamental Outlook
Yesterday EURJPY dropped through important short term support levels thus hitting target on our selling recommendation. Before markets closed the currency cross rate managed to recover somewhat but short term momentum still seems to speak in favour of further downside potential. Thus we have chosen to extend our selling recommendation… Read More …
| Tagged Fundamental Outlook
Japan does seem on the brink of further doldrums with softness seen just about everywhere. The -3.1% drop in industrial production will leave a choke in the throat of both government and BOJ as it sees household spending burn and crash in March which will spell further problems for the… Read More …
| Tagged Fundamental Outlook
