Keep an eye on the USD.. In foreign currency markets people try to find a lead, something to indicate what may be coming up, from technical analysis to fundamental approaches; methods do vary in trying to decipher the FX markets. Read More…
Category : Currencies, EUR, Forex, Indicators, Opinion, USD
From the US the ADP Non-Farm Employment number did not give much joy, coming in at 170k versus expectations at 189k. The Manufacturing Purchasing Managers Index (PMI) showed continued expansion albeit below the expected figure. Read More…
Yesterday in a surprise, Japanese Preliminary Industrial Production beat expectations by just over 1%. As a result the Yen strengthened versus the Australian Dollar and since has retreated. Household Spending also came in better than expected. Read More…
Category : AUD, Currencies, Forex, JPY, Opinion
Yesterday Germany released its Preliminary CPI, right on expectations. Overnight from the US Personal Spending and a measure of inflation did not surprise although spending did come at 0 versus expectations which was at 0.2% so not that far off. Read More…
Last week saw the Aussie strengthen against the US Dollar, a momentum that has been going on for some weeks now. Also, Bernanke’s promise to help with more money if needed gave us a push along. Against the US Dollar we have reached levels last seen in October. Read More…
Category : Forex, Indicators, Opinion
