Dec 23, 2011

Forex Crunch EUR/USD Dec. 23 – Awaiting Last Christmas Gifts from Markets

Forex Crunch EUR/USD Dec. 23 – Awaiting Last Christmas Gifts from Markets

EUR/USD Dec. 23 – Awaiting Last Christmas Gifts from Markets

Posted: 23 Dec 2011 01:25 AM PST

Euro dollar is trading in a quite manner in the middle of the range, as markets are grinding down to a halt. A downgrade for France seems like a done deal, but it still hasn’t happened. Will S&P give a Christmas present to the French Republic? Just before the week ends, we have some important indicators from the US.

Here's an update on technicals, fundamentals and what's going on in the markets.

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GBP/USD: Trading the US New Home Sales

Posted: 23 Dec 2011 01:12 AM PST

The New Home Sales report is a leading indicator of housing activity. The indicator is released on a monthly basis, and helps analysts track consumer spending. A higher reading than that expected by the market is bullish for the dollar.

Here are all the details, and 5 possible outcomes for GBP/USD.

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Forex Daily Outlook December 23 2011

Posted: 22 Dec 2011 02:00 PM PST

We summarize this week New Home Sales in the US and GDP in Canada are the major events this day. Here is an outlook on the market-movers awaiting us.

In the US, New Home Sales, Monthly report to value the new sole-family households sold, due to increase from 307K on November up to 314K now.

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The way ahead is not yet clear

Posted: 22 Dec 2011 06:59 AM PST

The ratings agency Fitch has once again warned the US that its triple-A credit was not consistent with its rising debt burden, but suggested that no decision would be made until 2013. 

Fitch has already tagged a negative outlook onto US sovereign debt, but the warning is a fairly soft one in the circumstances, not least because S&P has already stripped the US of its top status back in August.  Naturally, the eurozone crisis has taken the headlines for much of the second half of this year, but the US situation should not be ignored. Video:

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US Economic Past Looks Worse, Present Seems Optimistic

Posted: 22 Dec 2011 05:33 AM PST

US Q3 GDP was revised to the downside in the second revision, which is officially the final one – the US economy grew by only 1.8% (annualized) in Q3. Expectations stood on no revision, with growth at 2%. The first print was significantly higher than the last. It then stood on 2.5%.

The upside is another drop in weekly jobless claims – to 364K. This is the lowest figure in 3.5 years. The drop in unemployment is very gradually taking hold. The dollar is stronger after the publications.

Read the rest of the article US Economic Past Looks Worse, Present Seems Optimistic
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