EU Raises 2010 GDP Forecast as Deficits
The euro-area economy may expand 0.7 percent next year, the European Commission said, raising its forecast even as budget deficits and jobless ranks swell further.
ForexNewsOnline Tue, 3 Nov 2009 13:14:00 UT
Australia Hikes Rates; How about the Carry Trade?
Following up on my last post, I want to use this post to write about the long side of the carry trade- specifically the Australian Dollar. The Bank of International Settlements (BIS) observed in a recent report that, “The role of short-term interest ...
Forex Blog Sun, 14 Mar 2010 05:36:16 +0000
Forex Weekly Trading Forecast - 03.15.10
US Dollar at Risk for Further Declines versus Euro on FX Positioning Euro Will Struggle to Develop a Trend with Greece Back in the Headlines Japanese Yen: Speculation for Intervention to Intensify Ahead of BoJ British Pound May Rise as Bank of England Rele...
Daily FX Sat, 13 Mar 2010 06:19:02 GMT
Dollar Threatens a Plunge but Fundamentals Could Prevent a Renewed Bear Trend
The dollar put in for a cliff hanger end to the trading week. In an otherwise quiet market, the greenback finally broke from the bonds of congestion that a few prominent pairs have maintained for weeks, and in one case, months. Yet, for those that are tryi...
Daily FX Sat, 13 Mar 2010 04:17:40 GMT
Has Crude Taken the First Step Towards a Breakout and Reversal?
Volatility perked up modestly for the active NYMEX crude contract Friday such that the market would test a new eight-week high of $83.16 before reversing course and potentially forging a bearish breakout. With the week’s close pulling the market belo...
Daily FX Fri, 12 Mar 2010 23:46:13 GMT
Swiss Franc Vulnerable As SNB Threat Grows
Swiss Franc Vulnerable As SNB Threat Grows Fundamental Forecast for Swiss Franc: Neutral - Swiss National Bank leaves benchmark rate unchanged at 0.25% - Consumer Prices Decelerated to 0.9% from 1.0%, despite a 0.1% increase in February - The Sw...
Daily FX Fri, 12 Mar 2010 22:49:21 GMT
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