larrygreenberg @ August 1, 2012 # Comments Off
It was disappointing but predictable that Euroland’s downturn in manufacturing continued in July. Germany, France, Italy and Austria had lower readings in July than June, and each was below the 50 no-change line. In a surprise, German…
ForexBlogger @ August 1, 2012 # Comments Off
EUR/USD slumped today after the Federal Reserve disappointed Forex traders as it refrained from stimulus. The Fed said it would continue to do what it has promised earlier, namely keeping the rates low till at least the…
larrygreenberg @ August 1, 2012 # Comments Off
Six bold words last week from ECB President Draghi gave desperate investors hope: “Believe me, it will be enough.” As Thursday’s policy decision and press conference approach, however, markets suspect an element of bluff and wit…
larrygreenberg @ August 1, 2012 # Comments Off
The FOMC statement downgraded its economic assessment and the specific view on jobs growth, but the market view was correct that new action was unlikely. Officials didn’t even modify the late 2014 or later forecast for its initial federal f…
larrygreenberg @ August 1, 2012 # Comments Off
The FOMC will likely concede the more difficult U.S. and global economic outlook, but most analysts expect actual policy initiatives to be more symbolic than real. The easiest gesture would be to push the projected likely start of rate tightening…
larrygreenberg @ August 1, 2012 # Comments Off
Investors are marking time, looking past today’s data to the results of upcoming FOMC, ECB and Bank of England decisions. The dollar is unchanged against the euro and Swiss franc, up 0.3% versus sterling and 0.1% against the yen and yuan, and off…
ForexCycle.com @ August 1, 2012 # Comments Off
EURUSD Analysis. EURUSD is in correction of the uptrend from 1.2042. Pullback to 1.2170 area to complete the correction is expected. Resistance is at 1.2389, a break above this level could signal resumption of the uptrend, and the target would be at 1….