larrygreenberg @ August 10, 2012 # Comments Off
Focus shifts next week from central banks to GDP. Two central banks that will be discussing interest rate policy are those in Turkey and Chile, and minutes from an earlier meeting will be released by the Bank of England and Bank of Japan. J…
ForexBlogger @ August 10, 2012 # Comments Off
EUR/USD was slowly trailing down today in the first half of the session, but later rallied and almost erased its losses. US import prices were disappointing, but export prices rose and the federal budget shortage shra…
larrygreenberg @ August 10, 2012 # Comments Off
The euro peaked at $1.6038 in July 2008 and at a trade-weighted value of 117.77 five months later, still a couple of quarters before the outbreak of Europe’s fiscal debt crisis. Given the severity of the crisis, the common currency’s …
larrygreenberg @ August 10, 2012 # Comments Off
Risk appetite took a hit from poor Chinese trade numbers. Share prices are down 0.9% in Spain, 0.8% in France, 0.5% in Germany and 0.2% in Britain. Stocks fell by 0.7% in Hong Kong and Australia, 0.5% in China, and 1.0% in Japan. The dollar has a…
ForexCycle.com @ August 10, 2012 # Comments Off
By Elliott Wave International Is it wise to forecast financial markets based on what central bankers say? Look no further than a chart of long-term stock market prices for the answer: No major trend change ever followed any of those announcements. Even…
ForexCycle.com @ August 10, 2012 # Comments Off
EURUSD Analysis. EURUSD stays above the upward trend line from 1.2042 to 1.2134, and remains in uptrend, the price action from 1.2389 is treated as consolidation of the uptrend. Another rise towards 1.2600 is still possible after consolidation, and a b…
larrygreenberg @ August 10, 2012 # Comments Off
The last change of the Central Bank of Peru’s monetary policy interest rate was a 25-basis point hike announced May 12, 2011 to 4.25%. That streak of an unchanged stance extend for yet another month even though July inflation of 3.3% lay ab…