Jan 5, 2012

Forex Crunch French Auction Cannot Stop Drop – EUR/USD at 16 Month Low

Forex Crunch French Auction Cannot Stop Drop – EUR/USD at 16 Month Low

French Auction Cannot Stop Drop – EUR/USD at 16 Month Low

Posted: 05 Jan 2012 02:15 AM PST

France had an OK bond auction: it raised the amount of money it wanted, bid to cover ratios were OK and yields were very similar to ones seen in previous auctions.

However, this didn’t stop EUR/USD extends its drops and is at levels last seen at the beginning of September 2010.

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EUR/USD Jan. 5 – Presents a Core Fall

Posted: 05 Jan 2012 01:43 AM PST

Euro dollar falls and tests levels last seen in 2010 as fear moves from Italy and Spain to Germany and France. Each country has specific issues, but they are all related to the inability to rebuild trust. Today we have 3 major indicators for the Non-Farm Payrolls on Friday.

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

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British Services Sector Moves Up – Pound Unexcited

Posted: 05 Jan 2012 01:31 AM PST

British Services PMI exceeded expectations and rose to 54 points, indicating stronger growth. Will Britain escape a recession?

GBP/USD is still under the weight of European troubles and doesn’t really move up on this good figure.

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USD/CAD: Trading Canadian Employment Change

Posted: 05 Jan 2012 01:24 AM PST

The Canadian employment change is an important leading indicator which has a significant impact on the markets. Traders and analysts carefully scrutinize employment figures looking for any sign of a market trend, and a reading higher than forecast is bullish for the loonie.

Here are the details and 5 possible outcomes for USD/CAD.

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Oil on the up

Posted: 05 Jan 2012 12:58 AM PST

Given the slower growth backdrop that we are seeing, both in Europe and Asia, it's interesting to note that oil is pushing 8 month highs this week.

It also throws another obstacle into the path of the lower inflation rates that are anticipated but also very much required in Europe, allowing policy-makers to ease policy further (especially in the eurozone) and also reducing the severe squeeze seen on real incomes in many countries.

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Forex Daily Outlook January 5 2012

Posted: 04 Jan 2012 02:00 PM PST

ADP Non-Farm Employment Change in the US and Ivey PMI in Canada are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly report that is important for monetary health, value new unemployment insurances over the last week, decrement is due from 381K down to 375K now.

Read the rest of the article Forex Daily Outlook January 5 2012
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