Dec 16, 2011

Forex Crunch The problems emerging for 2012

Forex Crunch The problems emerging for 2012

The problems emerging for 2012

Posted: 16 Dec 2011 02:03 AM PST

Even though India left interest rates unchanged this morning, as broadly expected, there were hints of rate cuts to come from the central bank governor, leaving scope for rates to come down from the current 8.50% level. The pattern we have seen in the BRICs recently (Brazil, Russia, India and China) has been concerning to varying degrees. 

The Brazilian economy ground to a halt in the third quarter, whilst China is suffering a growing over-hang in the property market (see below) which risks causing some significant ripples in the banking sector.  On this front, it's interesting to note the jump in the yuan overnight, to a record high vs. the dollar at 6.3294.

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EUR/USD Dec. 16 – Finding Balance Between Storms

Posted: 16 Dec 2011 01:40 AM PST

Euro dollar is now trading in a more narrow range, as the week nears an end. Today’s calendar is light in comparison with yesterday’s very busy one, yet a new storm could be brewing from the direction of credit rating agencies. Will Spain, Italy and especially France receive downgrades? 

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

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CPattern Delivers Guardian Angel to Leverage Clients

Posted: 16 Dec 2011 01:01 AM PST

CPattern, which develops a trading analytics platform based on models of behavioral science, has partnered with Leverate, a provider of forex broker solutions. CPattern will provide its Guardian Angel product to Private Label clients. 

Traders using Leverate’s platform with this addition by CPattern, will get guidance regarding their trades and this aims to make them better traders.

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Forex Daily Outlook December 16 2011

Posted: 15 Dec 2011 02:00 PM PST

We summarize this week CPI in the US as the major event of the day. Here is an outlook on the market-movers awaiting us.

In the US, Consumer Price Index (CPI), measures some goods and services average prices, about to rise up from November by 0.2% to 0.1% this time. And similar rise is expected in the Core CPI (not including energy & food), up to 0.2% from 0.1% on November.

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Philly Fed Manufacturing Index Jumps to 10.3 – More Hope for Jobs

Posted: 15 Dec 2011 07:00 AM PST

Philly Fed Manufacturing Index scored 10.3, better than 5.1 that was expected, and up from 3.6 scored last month. This is a fresh figure for December and the best score since May.

The employment component rose from 10.7 to 12. This joins the drop in jobless claims reported earlier and provides hope for the next Non-Farm Payrolls report.

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Dollar dominance [Video]

Posted: 15 Dec 2011 06:46 AM PST

Although the euro's decline below 1.30 is attracting much of the attention in FX markets, it is actually the continuing surge in the dollar which ought to be generating just as much interest. The dollar index jumped to 80.5 yesterday, not that far from the high for the year recorded in the first few days of January.

Since the end of October, the dollar index is up by more than 7%, a very significant move for the world's major reserve currency. Dollar demand over the past couple of months has been very pronounced for a number of different reasons. Video:

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US Jobless Claims Drop to 366K – 3 Year Low – EUR/USD Rises

Posted: 15 Dec 2011 05:31 AM PST

US unemployment claims drop to 366K, much better than expected. This is good news for the US. Expectations stood on a rise to 389K. This is a three year low, and another encouraging sign that the recovery might have finally reached the job market, after a huge delay.

EUR/USD is now rising on risk appetite trading. It’s range is 1.30 to 1.3060 at the moment. This wasn’t the only positive surprise.

Read the rest of the article US Jobless Claims Drop to 366K – 3 Year Low – EUR/USD Rises
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