Forex Crunch British Manufacturing Production Dips – GBP/USD Follows |
- British Manufacturing Production Dips – GBP/USD Follows
- EUR/USD Jan. 12 – All Eyes on Draghi
- Forex Daily Outlook January 12 2012
- EU self-restraint and a tough approach
British Manufacturing Production Dips – GBP/USD Follows Posted: 12 Jan 2012 01:30 AM PST Manufacturing production in the UK dropped by 0.2%. Early expectations stood on no change in output. Industrial output dropped by 0.6%. Early expectations stood on a rise of 0.1%. GBP/USD is sliding below 1.53. It already slid towards strong support at 1.5271 earlier. It made a rebound from there and traded above 1.53 just prior to the publication. Read the rest of the article British Manufacturing Production Dips – GBP/USD Follows |
EUR/USD Jan. 12 – All Eyes on Draghi Posted: 11 Jan 2012 11:17 PM PST Euro dollar is awaiting the European Central Bank at low range, after the warning from Fitch sent it down, but not below critical support. Spanish and Italian bond auctions precede Draghi’s decision and will show if ECB QE is necessary. In addition, the US calender is very busy today. Will Draghi open the road for another leg down or for a recovery. Here's an update on technicals, fundamentals and what's going on in the markets. Read the rest of the article EUR/USD Jan. 12 – All Eyes on Draghi |
Forex Daily Outlook January 12 2012 Posted: 11 Jan 2012 02:00 PM PST US retail sales and Unemployment claims are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, important indicator to value the unemployed that are looking for jobs over the last month, rise of 1K is predicted up to 373K. Read the rest of the article Forex Daily Outlook January 12 2012 |
EU self-restraint and a tough approach Posted: 11 Jan 2012 04:51 AM PST Based on reports from journalists who have seen a copy of a draft of Europe's budget-stability treaty, it appears that the compact may be tougher and more binding on its signatories than previously thought. According to Bloomberg, a country faces sanctions if it fails to reduce its public debt/GDP by five percentage points per year should this ratio be above 60%. This is in addition to automatic fines for those which fail to maintain a budget deficit below 3% of GDP. These provisions appear to have the hand of German involvement. Recently, Angela Merkel's coalition partners in Bavaria wanted automaticity on sanctions for fiscal miscreants, and for sustained violations the possibility of being tossed out. Read the rest of the article EU self-restraint and a tough approach |
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