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- FOREX: US Earnings, Inflation Data Key Ahead with Quiet Trade Likely in Europe
- FOREX: Dollar Attempts a Weak Recovery on In-Line 1Q GDP Reading, Risk Trends Still the Critical Catalyst
- Sell Side and Buy Side Research Starting to Warn of Major Market Reversal
- Oil Looks to Earnings Reports for Direction, Gold to Rise with Inflation Bets
- An Intraday GBP/JPY Descending Channel is Creating Scalping Environment
- Dollar Index Sees Relief Amid Strength in Commodities, Equities
- EUR/USD: Trading the Euro-Zone Consumer Price Estimate
- Guest Commentary: QE2 is Damaging the Economy and Reducing GDP Growth
- U.S. Dollar Index Struggles to Maintain Rebound From Three-Year Low
- FX Headlines: Yen Surges in Overnight as Bank of Japan Raises Prices Forecast
- Forex: Euro Struggles To Hold Ground As Rate Expectations Falter, U.S. Dollar Continues To Face Mixed Price Action
- New Zealand Trade Suplus Jumps; NZDUSD Unchanged
| FOREX: US Earnings, Inflation Data Key Ahead with Quiet Trade Likely in Europe Posted: The US corporate earnings calendar and a batch of inflation data will take center stage following quiet trade in Europe with London closed through the week-end. |
| Posted: The dollar nearly won its first bullish close this week through Thursday’s close; but a positive bearing on the benchmarks for risk appetite would prevent such relief. Without a meaningful position of fundamental support for the greenback, there is little will to fight such a prevalent trend. Over the past eight trading days, the greenback has dropped through seven of those sessions and subsequently lost as much as 3.9 percent of its value on a trade-weighted basis. |
| Sell Side and Buy Side Research Starting to Warn of Major Market Reversal Posted: On Thursday we wrote about our in-house indicator and the potential for a reversal in favor of the buck…today we are getting support for this idea from other key players. |
| Oil Looks to Earnings Reports for Direction, Gold to Rise with Inflation Bets Posted: Crude oil prices continue to track stock markets, putting the spotlight on a batch of first-quarter earnings reports, while gold may rise on rising US inflation bets. |
| An Intraday GBP/JPY Descending Channel is Creating Scalping Environment Posted: The GBP/JPY pair has found itself trading to the downside in a descending channel since the start of April; with the possibility of a BoJ intervention arising, has an opportunity to scalp the pair to the upside emerged? |
| Dollar Index Sees Relief Amid Strength in Commodities, Equities Posted: The greenback saw a reprieve from the heavy selling pressure seen in the past few sessions while equities and commodities continued to advance. |
| EUR/USD: Trading the Euro-Zone Consumer Price Estimate Posted: The flash estimate for European inflation is projected to increase at an annualized pace of 2.7% in April, which would be the fastest pace of growth since October 2008, and the rise in consumer prices could spark a bullish reaction in the single-currency as investors speculate the European Central Bank to normalize monetary policy further in the coming months. |
| Guest Commentary: QE2 is Damaging the Economy and Reducing GDP Growth Posted: QE2 is going to go down as one of the worst monetary policy initiatives in the history of the modern Federal Reserve era. On almost any metric applied, QE2 ends up not only falling well short of its proposed goals, but actually turns certain metrics like GDP growth negative compared with the prior quarter, and heading in the wrong direction. |
| U.S. Dollar Index Struggles to Maintain Rebound From Three-Year Low Posted: The U.S. dollar index bounced back from a three-year low of 72.87 during the overnight trade, but the greenback may struggle to hold its ground throughout the North American trade as currency traders show a bearish reaction to the advance 1Q GDP report for the world’s largest economy. |
| FX Headlines: Yen Surges in Overnight as Bank of Japan Raises Prices Forecast Posted: The Japanese Yen was the strongest currency in the overnight as the Bank of Japan raised its forecast for consumer prices. |
| Posted: The Euro pared the sharp rally spurred by the FOMC rate decision, with the exchange rate falling back from a fresh yearly high of 1.4881, and the single-currency may continue to lose ground throughout the North American trade as investors scale back speculation for higher borrowing costs in Europe. |
| New Zealand Trade Suplus Jumps; NZDUSD Unchanged Posted: March trade balance surplus rises to highest levels since June 2010 on higher exports to Australia and China; NZDUSD largely unchanged on RBNZ’s comments on the New Zealand dollar yesterday. |
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