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Will Retail sales lift risk appetite?
Today the retail sales figure is due with investors eyeing a fall of -0.2% MoM. Although the figure expected is negative investors bet on a March rebound in sales as snow storms and harsh winter conditions are considered to be the factors behind the dented February sales. Since the credit crisis has erupted consumer spending [...]
Continue reading...Nonfarm payrolls around the corner
2. March 2010
US nonfarm payrolls and unemployment is due on Friday, the FX market is currently pricing a loss of 50K jobs with consensus bets on a 9.8% of unemployment. Although the market’s main focus is currently on the Greek debt issue nonfarm payrolls is known as a market moving even. Why? Historically after recessions the Fed [...]
Continue reading...Yen and Dollar gain as Forex unrest dominates
25. February 2010
Nervousness in the Forex market resumed as dented US home sales and the Fed’s exit scheme weighed on the Fed’s pledge to low rates. Yesterday the Fed Chairman Ben Bernanke gave his Semi-Annual testimony to Congress. The Fed chairman outlined the move last week to raise the discount rate to 0.75% was strictly a move [...]
Continue reading...Forex players eye Bernanke testimony
23. February 2010
Last week the Fed surprised markets by hiking the discount lending rate to banks by 25 Basis points to 0.75%.The Fed went out of its way to emphasize this is solely a move towards normality and does not reflect on the highly watched benchmark rate which affects lending costs directly. Nevertheless Forex players perceived this [...]
Continue reading...Federal Reserve raises discount rate
18. February 2010
eToro News Friday, February 19, 2010 The Federal reserve surprised the market by raising its discount lending rate to banks from 0.5% to 0.75% thus effectively raising the spread on Fed funding to 0.5%(Discount rate less Benchmark rate).The Fed chairman already announced in his statement earlier this week that the Fed will move very soon to tighten [...]
Continue reading...U.S and Canadian GDP is around the corner
28. January 2010
Tuesday January 26th 2010, marked the preliminary quarterly GDP in the U.K. It’s the broadest measure of economic activity and the primary gauge of the economy’s health. The result: 0.1% was softer than forecast (0.4%); the results that followed were tremendous! GBP/USD dropped close to 150 pips over the span of an HOUR, whilst GBP/USD dropped a colossal [...]
Continue reading...GDP and Consumer Sentiment Ahead
28. January 2010
Following the Fed’s statement, the U.S market finished the trading day yesterday in positive territory. Even though the Fed didn’t state any new remarks or engage in monetary tightening, the mixed opinions among the board members sparked Dollar buying. According to the Fed’s statement, the fed left their fund rate at a low of 0%-0.25%, [...]
Continue reading...US GDP Just Ahead
28. January 2010
Not so long ago the US was perceived to be lagging behind the rest of the world recovering from the crisis much slower than other G7 nations. As a result the Dollar was pushed south rather vigorously with the grim growth outlook constantly looming. However recent data shows this might not be the case as [...]
Continue reading...The Fed’s Interest Rate decision
27. January 2010
No Change But it Could Have an Impact on the Forex Pairs The Fed’s interest rate decision will grab the center of attention this week as hopes for an interest rate cut now seem to be fading into the distance. Even though the Fed mentioned at its last meeting that the economy seems to be showing [...]
Continue reading...Cable , Euro and AUD - 21-01-2010
20. January 2010
Cable Euro went down and Cable kept holding. Well it can happen but given the levels Euro has gone , it is a bit unnatural. I strongly feel , there is more downside still left for Cable. If we look at the daily chart the shooting start candle two days before is already making things a [...]
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eToro – Forex Trading Forum
- Weekly Market Review February 22, 2010
- Happy Deposit Day February 10, 2010
- Weekly Market Review February 8, 2010
- February 5, Non-Farm Payroll February 5, 2010
- February 4-Economic News February 4, 2010
- The week in Review and the week to come February 1, 2010
- US and Canadian GDP Announcements Jan 29 January 29, 2010
- Earn Like Professionals Do!!! September 15, 2009
- FOREX WEATHER REPORT- MARKETS AHEAD(WEEKLY ANALYSIS) August 15, 2009
- Ten Roadblocks to Success often faced by Forex traders July 18, 2009
12. March 2010
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