Forexperts

May 03 2013 7:51 AM

The single currency is still under pressure after yesterday ECB decision to cut the interest rate by 0.25% to be 0.5% saying that was for stimulating the economy while the pricing pressure is strongly well contained currently as the falling of HICP flash reading of April to 1.2% y/y.

April 05 2013 12:05 PM

The risk appetite is still depressed by the weak US non-farm payrolls of March which have shown adding new 88k jobs while they were expected to be to 200k from 236 in February have been revised up to 268k. the US major indexes are still in the red territory while the greenback is still under pressure versus the single currency which could have a place again above 1.30 after yesterday rising following Draghi’s comments which ensured that there is no way to use Cyprus rescue plan as a template in other euro zone countries.

March 07 2013 8:12 AM

God willing, the market will be waiting today for the ECB’s interest rate decision which is widely expected to keep the interest rate unchanged by 0.75% but there can be turning back of having this decision by majority as what has been done on 6th of last December meeting which lead to drive the single currency down to 1.2882 versus the greenback not unanimously as what has happened in the recent 2 meeting because of the weak economic data which are coming out from the euro zone and the inflation easing down by this economic slowdown.

January 23 2013 12:44 PM

The greenback refused to be capped below the parity with the Canadian dollar after dovish assessment has been released out from BOC after its decision to keep the interest rate unchanged as it is at 1% since September 2010. The report has indicated that the bank is underpinning the household spending which is struggling suggesting keeping the interest rate at this low level for a longer than expected period.

December 20 2012 4:01 AM

Another 10 trillions yen have been added today to BOJ assets purchasing plan to worth 101 trillions currently after it had ended its 2 days meeting few minutes ago. As this action was widely expected anyway, after The LDP party outstanding victory in Japanese lower house by 294 seats and its allied party Kometo by 31 seats last Sunday, Nikkie did not react positively as it is not under the pressure of the dovish US session closing and red future of the US indexes currently but it is still holding above the 10.000 psychological level while USDJPY came lower than 84 figure before it could rebound again whereas it was before the decision at 84.20 waiting for Shirakawa’s press conference.

December 10 2012 10:12 AM

The single currency is moving versus the greenback between the effect of the bad economic and political news from Europe and the increased market expectations of having hints of further funds to be pumped from the Fed next year when it finish its meeting next Wednesday by god’s will while the governmental financial effort are looking setting back to the market on the fiscal cliff which is looking until now unavoidable with the time running with no clear clues of a reached deal between the Republican Party and the Democratic Party for even lowering its massive negative impact which can cost the American families from $2k to $5k a year cutting the GDP growth by 1% approximately by God’s will with no concession until now because Obama seems insisting on the tax hikes and the republicans are still pushing for cutting further health care spending showing that there can be no change of last year last summer agreement to start the austerities measures from the beginning of next year by cutting the govern mental spending by $109 bln and ending Bush’s tax cuts after it has been extended before for another 2 years and imposing new taxes to the higher than 250k$ income a year families ending emergency unemployment benefits to cut the deficit by about $550 bln next year in a plan for saving 7 trillion dollars in 10 years.

November 23 2012 5:01 AM

With the current low volume of the thanksgiving holiday trading, the forex market is taking a readiness position ahead of today release of Germane IFO of November which is expected to slide again below 100 to 99 from 100 in October and also for the release of Germane GDP of the third quarter which is expected to show quarterly expansion by 0.2% after 0.3% in the second quarter.

November 14 2012 10:14 AM

While AUDUSD trades within its established rising channel, our bias remains higher. This leaves the risk of a recapture of the 1.0478 level on the cards. A breach will create scope for a run at the 1.0520 level. The ultimate target lies at the 1.0611/23 level. Its daily RSI is bullish and pointing higher supporting this view.

November 10 2012 11:44 AM

A third week of upside gains has put the pair firmly above the 0.9424 level, suggesting further bullish pressure is likely to occur. With that said, USDCHF looks to target the 0.9550 level as long as it holds above the 0.9424 level.