Press review - page 113

Sergey Golubev
Moderator
113440
Sergey Golubev  
Forex Fundamentals - Weekly outlook: March 24 - 28

The dollar eased against the other major currencies on Friday, after posting strong gains in the previous two sessions amid expectations that the Federal Reserve could hike interest rates earlier than previously thought.

Monday, March 24

  • China is to release the preliminary estimate of the HSBC manufacturing index, a leading indicator of economic health.
  • The euro zone is to release preliminary data on manufacturing and service sector activity, a leading indicator of economic health. Germany and France are also to release individual reports.
  • The U.S. is to release preliminary data on manufacturing activity.
Tuesday, March 25
  • In the euro zone, Germany is to release the Ifo report on business climate.
  • The U.K. is to release data on consumer price inflation, which accounts for the majority of overall inflation. The nation is also to release private sector data on retail sales.
  • Later Tuesday, the U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.
Wednesday, March 26
  • In the euro zone, Germany is to release a report on Gfk consumer climate.
  • The U.S. is to release data on durable goods orders, a leading indicator of production.
  • New Zealand is to release data on the trade balance, the difference in value between imports and exports.
Thursday, March 27
  • The euro zone is to release data on M3 money supply.
  • The U.K. is to produce official data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity.
  • The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.
Friday, March 28
  • Japan is to release a series of data, including reports on household spending, inflation and retail sales.
  • In the euro zone, Germany is to produce preliminary data on consumer inflation, while France is to publish data on consumer spending.
  • The U.K. is to release data on the current account and final data on fourth quarter growth.
  • The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.
Forex - Weekly outlook: March 24 - 28
Forex - Weekly outlook: March 24 - 28
  • 2014.03.23
  • www.investing.com
Investing.com - The dollar eased against the other major currencies on Friday, after posting strong gains in the previous two sessions amid expectations that the Federal Reserve could hike interest rates earlier than previously thought. The dollar rallied on Wednesday after Fed Chair Janet Yellen indicated that the bank could begin to raise...
Sergey Golubev
Moderator
113440
Sergey Golubev  
USD/CHF Fundamentals - weekly outlook: March 24 - 28

The dollar dipped against the traditional safe haven Swiss franc on Friday, paring a weekly gain, amid heightened tensions between the West and Russia over Ukraine.

Monday, March 24

  • The U.S. is to release preliminary data on manufacturing activity.
Tuesday, March 25
  • The U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.
Wednesday, March 26
  • The U.S. is to release data on durable goods orders, a leading indicator of production.
Thursday, March 27
  • The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.
Friday, March 28
  • The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.
Forex - USD/CHF weekly outlook: March 24 - 28
Forex - USD/CHF weekly outlook: March 24 - 28
  • 2014.03.23
  • www.investing.com
Investing.com - The dollar dipped against the traditional safe haven Swiss franc on Friday, paring a weekly gain, amid heightened tensions between the West and Russia over Ukraine. USD/CHF edged down 0.09% to 0.8828 at the close, down from the two-week highs of 0.8868 reached on Thursday. For the week, the pair gained 1.08%. The pair is likely...
Sergey Golubev
Moderator
113440
Sergey Golubev  
USD/JPY Fundamentals - weekly outlook: March 24 - 28

The dollar slipped lower against the yen on Friday as fresh tensions between the West and Russia over Ukraine bolstered safe haven demand for the Japanese currency.

Monday, March 24

  • The U.S. is to release preliminary data on manufacturing activity.
Tuesday, March 25
  • The U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.
Wednesday, March 26
  • The U.S. is to release data on durable goods orders, a leading indicator of production.
Thursday, March 27
  • The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.
Friday, March 28
  • Japan is to release a series of data, including reports on household spending, inflation and retail sales.
  • The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.
Forex - USD/JPY weekly outlook: March 24 - 28
Forex - USD/JPY weekly outlook: March 24 - 28
  • 2014.03.23
  • www.investing.com
Investing.com - The dollar slipped lower against the yen on Friday as fresh tensions between the West and Russia over Ukraine bolstered safe haven demand for the Japanese currency. USD/JPY slipped 0.14% to 102.24 at the close, down from Wednesday’s highs of 102.67. For the week, the pair was 0.34% higher. The pair was likely to find support at...
Sergey Golubev
Moderator
113440
Sergey Golubev  
USD/CAD Fundamentals - weekly outlook: March 24 - 28

The U.S. dollar fell against the Canadian dollar on Friday as the release of stronger-than-expected Canadian inflation data eased pressure on the Bank of Canada to cut interest rates.

Monday, March 24

  • The U.S. is to release preliminary data on manufacturing activity.
Tuesday, March 25
  • The U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.
Wednesday, March 26
  • The U.S. is to release data on durable goods orders, a leading indicator of production.
Thursday, March 27
  • The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.
Friday, March 28
  • The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.
Forex - USD/CAD weekly outlook: March 24 - 28
Forex - USD/CAD weekly outlook: March 24 - 28
  • 2014.03.23
  • www.investing.com
Investing.com - The U.S. dollar fell against the Canadian dollar on Friday as the release of stronger-than-expected Canadian inflation data eased pressure on the Bank of Canada to cut interest rates. USD/CAD slid 0.18% to settle at 1.1220, backing off the four-and-a-half year peaks of 1.1277 reached on Thursday. The pair is likely to find...
Sergey Golubev
Moderator
113440
Sergey Golubev  
NZD/USD Fundamentals - weekly outlook: March 24 - 28

The New Zealand ended Friday’s session little changed against its U.S. counterpart on Friday, as market players continued to monitor developments in the Ukraine-Russia conflict.

Monday, March 24

  • China is to release the preliminary estimate of the HSBC manufacturing index, a leading indicator of economic health.
  • The U.S. is to release preliminary data on manufacturing activity.
Tuesday, March 25
  • The U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.
Wednesday, March 26
  • The U.S. is to release data on durable goods orders, a leading indicator of production.
  • New Zealand is to release data on the trade balance, the difference in value between imports and exports.
Thursday, March 27
  • The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.
Friday, March 28
  • The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.
Forex - NZD/USD weekly outlook: March 24 - 28
Forex - NZD/USD weekly outlook: March 24 - 28
  • 2014.03.23
  • www.investing.com
Investing.com - The New Zealand ended Friday’s session little changed against its U.S. counterpart on Friday, as market players continued to monitor developments in the Ukraine-Russia conflict. NZD/USD fell to 0.8500 on Thursday, the pair’s lowest since March 12, before subsequently consolidating at 0.8536 by close of trade on Friday, little...
Sergey Golubev
Moderator
113440
Sergey Golubev  
AUD/USD Fundamentals - weekly outlook: March 24 - 28

The Australian dollar ended Friday’s session higher against its U.S. counterpart, but gains remained limited amid fresh tensions between the West and Russia over Ukraine.

Monday, March 24

  • China is to release the preliminary estimate of the HSBC manufacturing index, a leading indicator of economic health.
  • The U.S. is to release preliminary data on manufacturing activity.
Tuesday, March 25
  • The U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.
Wednesday, March 26
  • The U.S. is to release data on durable goods orders, a leading indicator of production.
Thursday, March 27
  • The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.
Friday, March 28
  • The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.
Forex - AUD/USD weekly outlook: March 24 - 28
Forex - AUD/USD weekly outlook: March 24 - 28
  • 2014.03.23
  • www.investing.com
Investing.com - The Australian dollar ended Friday’s session higher against its U.S. counterpart, but gains remained limited amid fresh tensions between the West and Russia over Ukraine. AUD/USD rose to 0.9137 on Tuesday, the pair’s highest since December 11, before subsequently consolidating at 0.9082 by close of trade on Friday, up 0.46% for...
Sergey Golubev
Moderator
113440
Sergey Golubev  
GBP/USD Fundamentals - weekly outlook: March 24 - 28

The pound ended the week close to five-week lows against the dollar on Friday as growing expectations that the Federal Reserve could raise interest rates sooner than anticipated supported the dollar.

Monday, March 24

  • The U.S. is to release preliminary data on manufacturing activity.
Tuesday, March 25
  • The U.K. is to release data on consumer price inflation, which accounts for the majority of overall inflation. The nation is also to release private sector data on retail sales.
  • Later Tuesday, the U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.
Wednesday, March 26
  • The U.S. is to release data on durable goods orders, a leading indicator of production.
Thursday, March 27
  • The U.K. is to produce official data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity.
  • The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.
Friday, March 28
  • The U.K. is to release data on the current account and final data on fourth quarter growth.
  • The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.
Forex - GBP/USD weekly outlook: March 24 - 28
Forex - GBP/USD weekly outlook: March 24 - 28
  • 2014.03.23
  • www.investing.com
Investing.com - The pound ended the week close to five-week lows against the dollar on Friday as growing expectations that the Federal Reserve could raise interest rates sooner than anticipated supported the dollar. GBP/USD edged down 0.10% to 1.6485 on Friday, the weakest level since February. For the week, the pair lost 0.91%. Cable is likely...
Sergey Golubev
Moderator
113440
Sergey Golubev  
EUR/USD Fundamentals - weekly outlook: March 24 - 28

The euro edged higher against the dollar on Friday, as the dollar took a breather following a rally in the previous two sessions, sparked by prospects for an earlier than anticipated rate hike by the Federal Reserve.

Monday, March 24

  • The euro zone is to release preliminary data on manufacturing and service sector activity, a leading indicator of economic health. Germany and France are also to release
  • The U.S. is to release preliminary data on manufacturing activity.
Tuesday, March 25
  • In the euro zone, Germany is to release the Ifo report on business climate.
  • Later Tuesday, the U.S. is to release report on house price inflation and consumer confidence, as well as official data on new home sales.
Wednesday, March 26
  • In the euro zone, Germany is to release a report on Gfk consumer climate.
  • The U.S. is to release data on durable goods orders, a leading indicator of production.
Thursday, March 27
  • The euro zone is to release data on M3 money supply.
  • The U.S. is to publish final data on fourth quarter economic growth. The nation is also to release the weekly report on initial jobless claims and private sector data on pending home sales.
Friday, March 28
  • In the euro zone, Germany is to produce preliminary data on consumer inflation, while France is to publish data on consumer spending.
  • The U.S. is to round up the week with a report on personal spending and revised data on consumer sentiment.
Forex - EUR/USD weekly outlook: March 24 - 28
Forex - EUR/USD weekly outlook: March 24 - 28
  • 2014.03.23
  • www.investing.com
Investing.com - The euro edged higher against the dollar on Friday, as the dollar took a breather following a rally in the previous two sessions, sparked by prospects for an earlier than anticipated rate hike by the Federal Reserve. EUR/USD edged up 0.12% to 1.3793 on Friday, after falling to two-week lows of 1.3748 on Thursday. For the week...
Sergey Golubev
Moderator
113440
Sergey Golubev  
Two-Way Yuan Volatility Makes USDCNY Trading More Attractive

As the Chinese currency is experiencing its largest weekly decline ever, it is becoming clear that yuan trading could become the newest marketing tool for attracting Asian clients to Forex trading. The widening of the yuan trading band to 2% by the People’s Bank Of China (PBOC) last weekend is poised to present immediate results. With the Chinese economy slowing, the PBOC is looking to allow more two-way trading and it’s guiding the markets to depreciate the yuan for the first time since it was floated back in 2005.
Two-Way Yuan Volatility Makes USDCNY Trading More Attractive
Two-Way Yuan Volatility Makes USDCNY Trading More Attractive
  • Victor Golovtchenko
  • www.financemagnates.com
The main benefit to forex brokerages who are operating in the region is their ability to start offering a more attractive product to their prospective customers and break the news that clients in Asia can now trade Asia’s most important currency actively. The days of the ever-appreciating Chinese yuan are now over and the doors for the new EUR/USD in the face of USD/CNY are gradually opening.
Sergey Golubev
Moderator
113440
Sergey Golubev  

2013-03-24 01:45 GMT (or 02:45 MQ MT5 time) | [CNY - Flash Manufacturing PMI]

if actual > forecast = good for currency (for CNY in our case)

==========

China Manufacturing PMI Hits Eight-Month Low - HSBC

China's manufacturing sector fell deeper into contraction in March, the latest flash PMI from HSBC and Markit Economics revealed on Monday. The index came in with a seasonally adjusted score of 48.1, touching an eight-month low.

The headline figure is down from 48.5 in February, and it was well shy of forecasts for 48.7 - and it moves the index further below the mark of 50 that separates expansion from contraction.

Among the key components of the survey, the output index sank to 47.3 from 48.8 in the previous month - hitting an 18-month low.

Among other components, new orders, work backlogs, output prices, input prices and quantity of purchases all continued to contract at an accelerating rate.