Pernille Bomholdt Nielsen, SeniorAnalyst at Danske Bank, forecasts eurozone Q4 GDP to print an above consensus (0.2% qoq) figure of 0.4% qoq, aided by a probable high growth in private consumption. Key Quotes “Euro GDP growth for Q4 is due for release on Friday...
Risk sentiment has been broadly stable, regardless of EU Finance Ministers not agreeing on a common approach when it comes to Greece. According to Eurogroup Chairman Dijsselbloem not enough progress was made in order to come to joint conclusions...
James Knightley, Senior Economist at ING, reviews BOE’s inflation report, and comments that the central bank has expressed willingness to expand its QE or cut bank rates from current 0.5% level on any downside threat to inflation...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, AUD/USD, and USD/CAD. EUR/USD: has been choppy on uncertainty around Greece. The pair overnight traded up to 1.1353 on news that Greece will stay in EU bailout program but slipped back to 1...
The Australian Bureau of Statistics said on Thursday that the number of people employed fell by 12,200 to 11.668 million in January, against market expectations of a fall of 5,000. This took the official unemployment rate to 6.4 per cent from 6...
Veteran trader Larry Pesavento explains a powerful tape reading technique in his 2000 book Opening Price Principle: Best Kept Secret on Wall Street. Through years of observation, he noticed how the first trade of the day often serves as support or resistance for the entire session...
The US data calendar has been quiet following the January employment report but picks up again Thursday with the release of January retail sales, notes BNP Paribas. "Headline sales will likely fall for the second month in a row, but largely because of the effects of falling gasoline prices...
Another contraction in U.S. Retail Sales may drag on the greenback and generate a near-term rebound in EUR/USD as it dampens the Fed’s scope to raise the benchmark interest rate in mid-2015...
Sean Callow of Westpac, shares that the disappointing Australian jobs data has had the markets pricing in a 25bp cut by the RBA at the March meeting, with probability of easing now standing at 75% from previous 50...
The TD Securities Team shares the market performance in the Asian trade, noting that AUD/USD was the biggest mover in the FX space post the disappointing jobs data release, while euro was seen pressurised by the inconclusive Greece discussions...
EUR/USD remained subdued in a choppy Asian session, having dipped to session lows just ahead of 1.13 threshold after Euro group’s Dijsselbloem stated that no deal was reached at the Greece- EU meeting overnight. Recovers from 1.1304 levels The EUR/USD now steadies at 1.1314, down -0...
Bollinger bands are very similar to moving averages. The bands are plotted at two standard deviations above or below the moving average. This is typically based off of the simple moving average, but an exponential moving average can be used to increase the sensitivity of the indicator...
The Australian Dollar was the main laggard in Asian hours, in response to a dismal Australian jobs report, with the Euro also the protagonist, seesawing to both sides of the chart on inconclusive Greek-EU debt talks, only to finish almost unchanged for the session...
2015-02-12 00:30 GMT (or 02:30 MQ MT5 time) | [AUD - Employment Change] past data is 42.3K forecast data is 5.0K actual data is -12.2K according to the latest press release if actual > forecast (or previous data) = good for currency (for AUD in our case...
AUD/USD: Short Little changes in the strategy compared to yesterday. One short position with a traling stop is still open for the last two weeks. See for more information my weekly reviews on my strategy pubished in the last 2 weeks...
The following are a selection of some of key points in UBS' preview for the BoE Quarterly Inflation Report on Thursday. 1- Certainly not all bad news on growth. Revised forecasts from the Bank of England in the February Inflation Report should show a still relatively upbeat growth outlook...
Despite recent oscillation, the bearish AUD trend remains in place, says Credit Suisse...
The USD/JPY was supported firmly at ¥115-117.5 by buying on weakness by Japanese investors and importers even under January's risk-off atmosphere, notes Deutsche Bank. "There is solid real purchasing demand for the USD/JPY. The global economy remains on a slow but steady uptrend...
Overnight risk sentiment was stable with US stock futures trading broadly flat at the time of writing. This is mainly due to rising expectations of EU Finance Ministers agreeing on a temporary solution for Greece. However, it appears too early to expect a major agreement as soon as today...
Eddie Tofpik of ADM Investor Services, shares the technical levels for EUR/USD, further viewing that might make further attempts lower. Key Quotes “Last month when I wrote my Longer Term View using as a minimum Weekly Charts I drew metaphorical line at saying anything lower that than the 1...
