For a second straight week, AUD/USD showed little movement, as the pair closed at 0.9316. This week’s major events focus on the RBA. The central bank will release its Monetary Policy Meeting Minutes and Governor Glen Stevens is scheduled to testify before a parliamentary committee. Here is an…
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AUD/USD Forecast Aug. 18-22
For a second straight week, AUD/USD showed little movement, as the pair closed at 0.9316. This week’s major events focus on the RBA. The central bank will release its Monetary Policy Meeting Minutes and Governor Glen Stevens is scheduled to testify before a parliamentary committee. Here is an…
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AUD/USD Forecast Aug. 18-22
Federal Reserve Chairwoman Janet Yellen will deliver a simple message from Jackson Hole this week: Don’t be fooled by the sharp drop in the unemployment rate. Economists expect Yellen to give a master-class explaining why she believes there is still a lot of slack in the job market. Yellen is lik…
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Yellen to stress patience on rates at Jackson Hole
Federal Reserve Chairwoman Janet Yellen will deliver a simple message from Jackson Hole this week: Don’t be fooled by the sharp drop in the unemployment rate. Economists expect Yellen to give a master-class explaining why she believes there is still a lot of slack in the job market. Yellen is lik…
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Yellen to stress patience on rates at Jackson Hole
Angela Merkel’s summer could hardly have started better: the world cup win; the eurozone crisis contained; Germany’s federal budget heading into surplus; her personal popularity at unassailable highs. Six weeks later, as Europe returns from its holiday break, the scene is dramatically changed. Be…
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Europe’s lack of growth could lead to Japanese-style stagnation
Angela Merkel’s summer could hardly have started better: the world cup win; the eurozone crisis contained; Germany’s federal budget heading into surplus; her personal popularity at unassailable highs. Six weeks later, as Europe returns from its holiday break, the scene is dramatically changed. Be…
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Europe’s lack of growth could lead to Japanese-style stagnation
Bank of England Governor Mark Carney said in a newspaper interview he would not have to wait for real wages to turn positive before raising interest rates. Carney signalled during the Bank’s quarterly inflation report on Wednesday that it remains on course to raise interest rates from 0.5 percent…
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BoE’s Carney says rise in real wages not pre-condition for rate hike
There are four main issues that investors will be wrestling with in the week ahead. First, as we saw before the weekend, geopolitical developments can still roil the markets. Second, economic data from the US, Europe and Japan has been disappointing. This has helped extend the rally in the bond…
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Looking for the Signal? Expect No Fresh Help from Yellen and Draghi at Jackson Hole
When it comes to the stock market, while the biggest, and according to many only, beneficiary of the Fed’s ZIRP/QE policies of the past 6 years has been the wealthiest 1%, the reality is that said top crust of US society no longer needs the S&P to continue its relentless, manipulated and centrally…
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Why The Fed Can’t, And Won’t, Let The Stock Market Crash
EUR/USD saw a new slide once again. but did not really make a substantial move. The focus is on the PMIs and on Mario Draghi speech in Jackson Hole. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. The Eurozone releases showed a stall in the euro ar…
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EUR/USD Forecast August 18-22
Markets are more likely to get a schooling on the labor market than a road map for rate hikes when the Fed meets in Jackson Hole in the week ahead. The annual Fed symposium is a highlight of the summer, and has been widely anticipated as an event where Fed Chair Janet Yellen may disclose some hin…
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Fed has a lesson plan, but traders just want facts
The US dollar has entered a corrective/consolidative phase, and its performance over the past week was mixed. The greenback lost ground against the dollar-bloc and Scandis. The Norwegian krone, lifted by a rise in the CPI and retail sales, gained almost 1.6% against the dollar to lead the majors….
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Reassessing Fundamentals is Not Conducive for High Conviction FX Trades
The US dollar has entered a corrective/consolidative phase, and its performance over the past week was mixed. The greenback lost ground against the dollar-bloc and Scandis. The Norwegian krone, lifted by a rise in the CPI and retail sales, gained almost 1.6% against the dollar to lead the majors….
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Reassessing Fundamentals is Not Conducive for High Conviction FX Trades
Ireland’s sovereign credit rating was raised to A- by Fitch Ratings as the country’s economy starts to grow. The rating was increased from BBB+ with a stable outlook, Fitch said in a statement today. Ireland is recovering from the collapse of its real estate market after a decade-long housing …
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Ireland Rating Raised to A- by Fitch on Growing Economy
Ireland’s sovereign credit rating was raised to A- by Fitch Ratings as the country’s economy starts to grow. The rating was increased from BBB+ with a stable outlook, Fitch said in a statement today. Ireland is recovering from the collapse of its real estate market after a decade-long housing …
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Ireland Rating Raised to A- by Fitch on Growing Economy
Eurozone flash PMIs for August will likely signal a deterioration in the business climate in line with the intensification of the conflict with Russia. The most visible effect would be in the export-oriented industries. Hence we expect a fall in the manufacturing PMIs across the Eurozone, as…
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Europe Week Ahead: EZ PMI Releases, UK BoE Minutes, -CPI
The US dollar was able to advance against the major currencies but retreated against commodity currencies in a week that saw some action. US housing and inflation data, Inflation data in the UK, the FOMC Meeting Minutes, and Janet Yellen’s speech are a few of the major events on Forex calendar….
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Forex Weekly Outlook August 18-22
We look for an uptick in the NAHB Housing Market Index (HMI) to 54 in August. By rising above 50 in July, the HMI surpassed an important threshold indicating more homebuilders view sales conditions as good than poor. All three index components rose several points each, resulting in a four-point…
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US Week Ahead: FOMC Minutes, Jackson Hole, CPI, Philly Fed Svy, Housing Data
A mixed week ahead, as markets attempt to focus back on the fundamentals rather than continuous geopolitical fears which have been resurfacing one after another. Whilst this week is certainly not the showstopper that we have seen earlier in the month when the majority of central economic figures are…
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Weekly market preview – 18 August 2014
The U.S. labor market still has plenty of unused capacity or “slack,” and that hurts workers at the bottom of the income ladder the most, according to a paper released Friday by two economists from the Federal Reserve Bank of Chicago. They say labor market conditions have “yet to revert fully to …
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‘Slack’ in Job Market Hurts Wage Growth, Chicago Fed Paper Says
