NZD/USD Fundamentals - weekly outlook: February 24 - 28 (based on investing article)
The New Zealand weakened against its U.S. counterpart on Friday, as
investors continued to look past a recent series of disappointing U.S.
economic reports, attributing them to severely cold winter weather.
Tuesday, February 25
GBP/USD Fundamentals - weekly outlook: February 24 - 28 (based on investing article)
The pound ended the week lower against the dollar on Friday after a
report showed that U.K. retail sales fell more sharply than expected in
January, dampening optimism over the economic recovery.
Tuesday, February 25
EUR/USD Fundamentals - weekly outlook: February 24 - 28 (based on investing article)
The euro was higher against the dollar on Friday following the release
of weaker-than-expected data on U.S. existing home sales, amid ongoing
concerns over the impact of severe winter weather on the economic
Monday, February 24
Week Ahead: It's Now Janet's Planet (adapted from Forbes article)
Before and after Fed chair Janet Yellen gives her updates on Thursday,
there is a slew of economic indicators and corporate news to digest –
including important reads on the U.S. housing and U.S. retail markets
and earnings from some of Asia’s biggest companies.
Monday sees IBM chief executive Ginni Rometty and Facebook CEO
Mark Zuckerberg scheduled to speak at the Mobile World Congress in
Barcelona in Catalonia, and earnings from HSBC Holdings.
Tuesday brings data on U.S. home prices and consumer confidence
and a speech by IMF managing director Christine Lagarde at Stanford
University, California. Tuesday also sees earnings from retailers Home
Depot and Macy’s and home builder Toll Brothers.
Wednesday brings data on sales of new U.S. homes and earnings
from TJX Companies, Target, Lowe’s, J.C. Penney, Baidu, Airbus, and
Anheuser-Busch InBev. Also scheduled for Wednesday is a speech by
possible 2016 presidential candidate Hillary Clinton in Miami.
Thursday provides the focus for the week as Fed chair Janet
Yellen speaks to the Senate Banking Committee. Among the many companies
reporting earnings on Thursday are Gap, Sears, Best Buy, WPP, Allianz
SE, Royal Bank of Scotland and Salesforce.com.
On Friday, traders and investors will get a read on U.S. Gross
Domestic Product for the final quarter of last year. Among the companies
reporting earnings are Cheung Kong Holdings, Hutchison Whampoa and
Pearson. Also on Friday, U.S. President Barack Obama is expected to
speak at the Democratic National Committee in Washington.
2013-02-24 09:00 GMT (or 10:00 MQ MT5 time) | [EUR - German Ifo Survey]
if actual > forecast = good for currency (for EUR in our case)
German Business Confidence Strongest Since Mid-2011
German business confidence strengthened unexpectedly in January to the highest level since July 2011 despite a drop in expectations.
business confidence index climbed to 111.3 from 110.6 in January, the
Ifo institute reportedly said Monday. The reading was expected to remain
stable at 110.6.
Likewise, the current conditions index improved
to 114.4 from 112.4 a month ago. Nonetheless, the score is below the
expected level of 112.7.
2013-02-25 02:00 GMT (or 03:00 MQ MT5 time) | [NZD - Inflation Expectations]
if actual > forecast = good for currency (for NZD in our case)
Can The Fed Stop The Next Recession? Business Can't Bank On It (based on Forbes article)
The Federal Reserve makes decisions based on great academic economists
and veteran bank and corporate executives. Politics is minimal, at least
compared to most other government decisions. Tremendous resources
support the decisions, with great economists on staff, massive data
banks and access to outside experts. You would think that the Fed can
prevent recessions. You would be wrong.Business Planning Lessons: Today’s business leaders should add a
strong dose of humility to any forecast of the future. The economy is
too complex for easy prediction. Not even our top economists do a good
job of forecasting recessions. Moreover, our government is not able to
prevent future business cycles. The Fed’s 2008 minutes make clear that
we should avoid that line of thought.
2013-02-25 07:00 GMT (or 08:00 MQ MT5 time) | [EUR - German GDP]
German Q4 Growth Confirmed At 0.4%
The German economy expanded moderately at the end of 2013, as initially estimated early this month, final data from Destatis showed Tuesday.
gross domestic product increased 0.4 percent from a quarter ago,
slightly faster than the 0.3 percent expansion seen in the third
quarter. This was in line with the results of calculations published on
The expenditure-side breakdown of GDP showed that
exports of goods and services were up 2.6 percent from the third
quarter. At the same time, imports increased by not more than 0.6
2013-02-25 07:00 GMT (or 08:00 MQ MT5 time) | [EUR - France Business Climate]
French Business Confidence Remains Unchanged In February
French business confidence remained unchanged as expected in February, a closely-watched survey showed Tuesday.
The business sentiment index came in at 100 for the third consecutive month, the statistical office Insee said.
balance of opinion on past change in production has improved and has
reached its long-term average. The balance of opinion on personal
production expectation fell marginally to 9 from 10. General production
expectations weakened to -6 from -4 in January.
Trading the News: U.S. Consumer Confidence (adapted from dailyfx article)
The Conference Board’s Consumer Confidence survey is expected to narrow
to 80.0 in February and a marked decline in household sentiment may
trigger a bearish reaction in the U.S. dollar as it dampens the outlook
for growth and inflation.
Time of release: 02/25/2014 15:00 GMT, 10:00 EST
Primary Pair Impact: EURUSD
Forecast: 78.0 to 82.0
Why Is This Event Important:
With the Federal Open Market Committee (FOMC) poised to discuss another
$10B taper at the March 19 meeting, a dismal confidence reading may have
a greater impact on the interest rate outlook, and the greenback may
face additional headwinds over the near to medium-term as the central
bank retains the dovish twist to its forward-guidance.
How To Trade This Event Risk
Bearish USD Trade: Confidence Survey Weakens to 80.0 or Lower
January 2014 U.S. Consumer Confidence (EURUSD M5 : 16 pips price movement by USD - Consumer Confidence news event) :