Archive for the ‘forex news’ Category

Canada Retail Sales Fall as Wholesale Sales Rise

Canada Retail Sales:  Survey: -0.1%  Actual: -0.2%    Prior:  0.3%   Revised: 0.4% Canada Retail Sales Less Autos:  Survey: 0.1%  Actual: 0.0%    Prior:  0.3%  Revised:  0.4% Wholesale Sales:   Survey: 0.6%   Actual: 0.9%  Prior: -0.4%   Revised: -0.3%

US Chicago Fed National Activity Due at 8:30AM

Canada Retail Sales & Wholesale Inventories Data Due at 8:30AM

USD/JPY Analysis

Opened at Y79.63 in Asia and slipped on EUR/USD sales to Y79.53 on the back of an FT article showing reluctance from some EU states to ratify the deal.

Behavioral Finance: Daily Forex Outlook : A conditional deal but a deal nevertheless

EUR USD (1.3265) The numbers agreed by the Eurozone finance ministers in the Greek bailout deal seem to have come out on the top end of the expectations. Of course the €130 billion figure is against the backdrop of an optimistic scenario which was described in the ‘leaked’ report circulated to the eurozone officials before the deal talks started. What apparently looks new is that besides the ECB foregoing the profits on its SMP portfolio of Greek bonds, the eurozone central banks too will also make some concessions as far as the profits of their individual Greek bond portfolios are concerned

Euro-outlook stabilized but still vulnerable

The Greek debt negotiations to reduce Greek debt/GDP to 120% by 2020 have been accepted as Euro zone finance ministers this morning approved the €130bn second Greek bail-out package.

UK budget surplus 7.75 bln pounds vs forecast 6.3 bln pounds

Gbp/Usd up about 15 points since release to 1.5857.

Euro plunges vs dollar on S&P downgrades of Greece, Portugal

NEW YORK (Forex News Now) – The euro plunged against the dollar in forex trading on Tuesday as fears over euro zone sovereign debt intensified, after Standard & Poor’s downgraded Greece and Portugal’s credit ratings. In U.S

US Dollar Poised for Breakdown versus Euro, Aussie as Vols Drop

The US Dollar trades within an increasingly tight range against the Euro and other currencies, but clear market complacency warns that breakouts may be imminent as the EURUSD and S&P 500 trade near significant highs. DailyFX Individual Currency Pair Conditions and Trading Strategy Bias DailyFX PLUS System Trading Signals –We continue to highlight exceedingly low volatility expectations as clear risks to the safe-haven US currency. In the past two weekly outlooks we pointed out the fact that FX Options implied volatilities trade near their lowest levels since the beginnings of the global financial crisis in 2008.

Dollar Activity Level Drops to Lowest Level Since Holiday Period

Dollar Activity Level Drops to Lowest Level Since Holiday Period Euro Rally Stalled as Market Awaits Clear Decision on Greece Australian Dollar Holds Monday Rally as RBA Minutes Read Neutral, Market Awaits Greek Vote Japanese Yen: S&P Warning of Downgrade and Vows for EU Investment Add to Short New Zealand Dollar Ignores Inflation Expectations for Carry Position British Pound Traders Look to January Deficit Figures as Austerity/Growth Row Continues Gold Can’t Rouse Follow Through Despite Benefit in Risk-On and Greek Crisis Scenarios Dollar Activity Level Drops to Lowest Level Since Holiday Period With a gap higher on the open of the week for risk appetite, the safe haven dollar would suffer its own drop to start trading Monday.