Japan‘s rate decision and Mario Draghi’s speech are the major market-movers. Let see what awaits us today. In theUS, S&P/CS Composite-20 HPI. The selling price of single family homes increased by 1.2% in July following a 0.6% climb in the preceding month. The reading was broadly within expectations. A higher rise of 1.9% is expected…
Posts Tagged ‘ Mario Draghi ’
EUR/USD Forecast Oct 29-Nov 2
EUR/USD slid in range and lost the 1.30 line once again, as the debt crisis issues saw no progress, and as Germany looks weaker. President Draghi’s speech German retail sales and a meeting of the Eurogroup are the major events this week. Here is an outlook on the market-movers ahead. Further EU weak data was…
Forex Weekly Outlook Oct 29 – Nov 2
The US dollar made gains, including against the other “safe haven” currency – the yen. As one month ends and another begins, will we higher volatility? Important US data is coming our way with ADP Non-Farm Employment Change, Manufacturing PMI and jobless claims which all lead to the all important Non-Farm Payrolls – just days…
Thursday Charts of Interest
Good morning. Not much happened across the charts after yesterday’s important events – such as Fed’s interest rate decision, Draghi’s speech etc. The euro continued to weaken against the US dollar but managed to find support in the fib range highlighted below. Should this be a simple corrective decline? we’ll find out very soon Market…
Forex Daily Outlook October 24 2012
US FOMC Statement, US New home sales and EU Flash PMI’s are the main events today. Here is an outlook on the market-movers awaiting us In the US, New Home Sales. The annualized number of new residential homes sold in August increased less than predicted, reaching 373,000, down 1,000 from the preceding month and lower…
EUR/USD Forecast – October 22-26
EUR/USD enjoyed hopes for progress in the debt crisis and advanced within its range. With no real breakthroughs, the pair didn’t break critical resistance. Is it set to fall now? Public appearances by Mario Draghi, German Ifo Business Climate and the forward looking Flash PMI’s are the main events . Here is an outlook for…
Forex Weekly Outlook October 22-26
The US dollar and the yen retreated in a mild “risk on” week. Rate decision in the US and Canada, as well as initial GDP estimates for Q3 from the US and the UK are among the major events on our table this time. Here is an outlook on the main market-movers coming our way…
Forex Daily Outlook October 9 2012
Manufacturing Production in the UK and Mario Draghi testify in Brussels are the main events lined up. Let’s see what awaits us today. In the US, Investor’s Business Daily (IBD) / TechnoMetrica Institute of Policy and Politics (TIPP) Economic Optimism, due to rise up to 52.3 points from 51.8 points on September. Read the rest of…
Forex Weekly Outlook October 8-12
The US dollar retreated after two strong weeks. Some optimism about global growth (thanks to the NFP) and some new hope for Europe lowered the attraction for the safe haven dollar and yen. ECB President Mario Draghi’ speech, US Federal Budget Balance, Trade Balance and PPI are among the highlights of the week. Here is…