Forex Fundamental Outlook, European Session, July 31,
2012
For Tuesday, anticipate further downside risk for the Euro as weak figures
in its economic data are projected for today, as inflation and unemployment is
showing negative signals for the Euro. As unemployment is rising in its
forecast of 11.2% coming from its previous 11.1% indicates that the Euro-zone
employment market is contracting due to worsening debt crisis that is crippling
businesses and growth for the longest time, while inflation rate remains
unchanged at 2.4% in its CPI Flash estimates. Thus, as its labor market
deteriorates, its inflation remains steady suggesting that spending and
confidence in the region is at bottom line, unless the ECB’s monetary decision
which is the main highlight for the week shows some spark of hope for the
Euro-zone.
Posted: 7/31/2012
11:27:47 AM with 0 comments
Filed under: CPI, ECB, Estimates, EUR, Flash, Junker, Spending, Consumer
Forex Technical Outlook, European Session, July 31,
2012
As inflation and unemployment is showing negative signals for the Euro. As
unemployment is rising in its forecast of 11.2% coming from its previous 11.1%
indicates that the Euro-zone employment market is contracting due to worsening
debt crisis that is crippling businesses and growth for the longest time, while
inflation rate remains unchanged at 2.4% in its CPI Flash estimates. Thus, as
its labor market deteriorates, its inflation remains steady suggesting that
spending and confidence in the region is at bottom line, unless the ECB’s
monetary decision which is the main highlight for the week shows some spark of
hope for the Euro-zone. However, despite the negative outlook in its
fundamentals the EURUSD, GBPJPY, EURCHF and EURJPY are all showing a bullish
stance in its price action.
Posted: 7/31/2012
11:07:08 AM with 0 comments
Filed under: EURJPY, EURUSD, GBPJPY, EURCHF
Forex Fundamental Outlook, American Session, July 30,
2012
For Monday, anticipate moderate traction for the Greenback as risk aversion
falters due to President Mario Draghi positive stance last week, as markets
focus their attention on Europe. Despite the lack of any economic data for
today, the US is still showing some strength as its GDP shows that the US
economy has expanded by 1.5% for the second quarter on an annualized basis,
though it’s below the 1.9% rate in its first quarter its consensus was above
1.4%. However, market reaction remains muted as the USD shows consolidation in
its price action for today.
Posted: 7/30/2012
7:16:01 PM with 0 comments
Filed under: GDP, QE, USD, Fed
Forex Technical Outlook, American Session, July 30,
2012
In its economic front, the Greenback show moderate sign as risk aversion
falters due to President Mario Draghi positive stance last week, as markets
focus their attention on Europe. Despite the lack of any economic data for
today, the US is still showing some strength as its GDP shows that the US
economy has expanded by 1.5% for the second quarter on an annualized basis,
though it’s below the 1.9% rate in its first quarter its consensus was above
1.4%. The USDCAD, USDJPY and GBPUSD are showing weakness in its price action
while the USDCHF is showing a major bullish stance.
Posted: 7/30/2012
6:54:22 PM with 0 comments
Filed under: USDCAD, USDCHF, USDJPY, GBPUSD
EURAUD is ready for a rally
The EURAUD is ready for a rally after its most recent correction. This pair
has formed a falling wedge which is a bullish chart formation and traded down
to the lower support level of its formation. Another bullish signal is provided
by its latest candlestick formation, a hammer formation, which also formed at
its lower support level and indicates a reversal.
Posted: 7/30/2012
1:34:51 PM with 0 comments
Filed under: extreme, falling, hammer, MACD, momentum, oversold, RSI, wedge, EURAUD
2012
For Tuesday, anticipate further downside risk for the Euro as weak figures
in its economic data are projected for today, as inflation and unemployment is
showing negative signals for the Euro. As unemployment is rising in its
forecast of 11.2% coming from its previous 11.1% indicates that the Euro-zone
employment market is contracting due to worsening debt crisis that is crippling
businesses and growth for the longest time, while inflation rate remains
unchanged at 2.4% in its CPI Flash estimates. Thus, as its labor market
deteriorates, its inflation remains steady suggesting that spending and
confidence in the region is at bottom line, unless the ECB’s monetary decision
which is the main highlight for the week shows some spark of hope for the
Euro-zone.
Posted: 7/31/2012
11:27:47 AM with 0 comments
Filed under: CPI, ECB, Estimates, EUR, Flash, Junker, Spending, Consumer
Forex Technical Outlook, European Session, July 31,
2012
As inflation and unemployment is showing negative signals for the Euro. As
unemployment is rising in its forecast of 11.2% coming from its previous 11.1%
indicates that the Euro-zone employment market is contracting due to worsening
debt crisis that is crippling businesses and growth for the longest time, while
inflation rate remains unchanged at 2.4% in its CPI Flash estimates. Thus, as
its labor market deteriorates, its inflation remains steady suggesting that
spending and confidence in the region is at bottom line, unless the ECB’s
monetary decision which is the main highlight for the week shows some spark of
hope for the Euro-zone. However, despite the negative outlook in its
fundamentals the EURUSD, GBPJPY, EURCHF and EURJPY are all showing a bullish
stance in its price action.
Posted: 7/31/2012
11:07:08 AM with 0 comments
Filed under: EURJPY, EURUSD, GBPJPY, EURCHF
Forex Fundamental Outlook, American Session, July 30,
2012
For Monday, anticipate moderate traction for the Greenback as risk aversion
falters due to President Mario Draghi positive stance last week, as markets
focus their attention on Europe. Despite the lack of any economic data for
today, the US is still showing some strength as its GDP shows that the US
economy has expanded by 1.5% for the second quarter on an annualized basis,
though it’s below the 1.9% rate in its first quarter its consensus was above
1.4%. However, market reaction remains muted as the USD shows consolidation in
its price action for today.
Posted: 7/30/2012
7:16:01 PM with 0 comments
Filed under: GDP, QE, USD, Fed
Forex Technical Outlook, American Session, July 30,
2012
In its economic front, the Greenback show moderate sign as risk aversion
falters due to President Mario Draghi positive stance last week, as markets
focus their attention on Europe. Despite the lack of any economic data for
today, the US is still showing some strength as its GDP shows that the US
economy has expanded by 1.5% for the second quarter on an annualized basis,
though it’s below the 1.9% rate in its first quarter its consensus was above
1.4%. The USDCAD, USDJPY and GBPUSD are showing weakness in its price action
while the USDCHF is showing a major bullish stance.
Posted: 7/30/2012
6:54:22 PM with 0 comments
Filed under: USDCAD, USDCHF, USDJPY, GBPUSD
EURAUD is ready for a rally
The EURAUD is ready for a rally after its most recent correction. This pair
has formed a falling wedge which is a bullish chart formation and traded down
to the lower support level of its formation. Another bullish signal is provided
by its latest candlestick formation, a hammer formation, which also formed at
its lower support level and indicates a reversal.
Posted: 7/30/2012
1:34:51 PM with 0 comments
Filed under: extreme, falling, hammer, MACD, momentum, oversold, RSI, wedge, EURAUD
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