Construction Sector Slowdown Weighs On Pound Sterling
Pound sterling gains were halted in the overnight following the release of the Markit/CIPS UK construction PMI survey. Although still relatively positive, survey results were worse than had been...
View ArticleForex: EURUSD Finding Support Above 1.2200
EURUSD Two double hammer candlestick formations are reinforcing the idea of a potential bounce by EURUSD. The notion is being supported by a widely oversold stochastic indication at 7.5 in the daily...
View ArticleDon’t Expect QE3 Signals When Bernanke Testifies
Starting tomorrow, Fed Chairman Ben Bernanke is set to testify before the United States Congress in his semi annual report on the economy and monetary policy. Although speculation is rising that the...
View ArticleForex: Bank of Canada Stays Put On Rates
Canada’s central bank painted a dour picture for the world’s 11th largest economy following a decision to keep rates on hold at 1% – as well as corresponding deposit rates. The move wasn’t all too...
View ArticleGerman Court Stay Isn’t The End of the Euro
In the beginning of the week, it was announced that the German Federal Constitutional Court, a German version of the US Supreme Court, was delaying its ruling on the legality of the ESM until mid...
View ArticleRBNZ Dominates NZDUSD Week
Very little economic data is slated for the New Zealand dollar this week, especially when compared to the offsetting amount of US based events on the docket. And, the dearth of data could lead to a...
View ArticleWill UK Growth Sink GBPUSD?
Failing to overtake the 1.5700 technical barrier, the GBPUSD has fallen ahead of key economic events scheduled for the next five sessions. Namely, market participants are targeting the preliminary...
View ArticleSouth Korean Inflation Likely To Boost Bank Cuts
With Statistics Korea showing price inflation in the South Korean economy declining to the slowest pace in more than a decade, it all but confirms that the Bank of Korea’s next move will be a rate cut....
View ArticleECB’s Draghi Decision A Dud?
Amid a ton of speculation, European Central Bank President Mario Draghi failed to deliver decisive action to the market. There was no announcement of massive bond purchases or a change to the region’s...
View ArticleGermany Won’t Let ECB Yield Cap Pass
The euro traded slightly higher against the US dollar as a result of speculation surrounding a Der Spiegel article that surfaced during the session. According to the infamous German magazine, European...
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