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 |
One currency pair that has worked reasonably well over the course of the past 2 months is the Pound and while it did not see losses maintained, cycles are still bearish and unless we see a clean break above 2.0006 the pattern does still seem to suggest a long flat… Read More …
| Tagged Fundamental Outlook |
It has been a record breaking day in the financial markets with the US dollar falling to an all-time low against the Euro and crude oil futures closing at a record high. Although US Consumer confidence dropped to a 5 year low, that was not the primary catalyst for the… Read More …
| Tagged Fundamental Outlook |
The home price index dropped far more than anticipated in Q4, in fact by the biggest drop in the index’s 20 year history. The US housing finance regulator OFHEO reported a Q4 drop of 1.3%, the 2nd consecutive drop in prices. Every state except Maine recorded lower prices. Read More …
| Tagged Fundamental Outlook |
The dollar fell sharply on Tuesday against other major currencies on falling US home prices and sinking consumer confidence to a 5-year low. The greenback extended its losses after Federal Reserve Vice Chairman Donald Kohn said credit-market woes and slower economic growth pose a ‘greater threat’ than inflation. Read More …
| Tagged Fundamental Outlook |
