| USD/JPY Outlook April 1-5 Posted: 31 Mar 2013 02:31 AM PDT USD/JPY had another week of consolidation as tension is rising towards the first rate decision of the new leadership of the BOJ. Will Kuroda meet the huge expectations? Apart from the rate decision, the Tankan index is also very important. Here's an outlook for the Japanese events and an updated technical analysis for USD/JPY. Last week, Bank of Japan Gov. Haruhiko Kuroda continued his rhetoric on deflation at the Diet committee in Tokyo, aiming to achieve the 2% inflation target and end the lingering deflation. He also told about his intention to get a full five-year term as the BOJ governor. Will Kuroda succeed in his ambitious endeavors? In the US, not all economic figures continued shining, as jobless claims rose and new home sales disappointed, but the economy continues growing nicely. Read the rest of the article USD/JPY Outlook April 1-5 |
| GBP/USD Outlook April 1-5 Posted: 31 Mar 2013 01:31 AM PDT The British pound was down slightly against the dollar last week, as GBP/USD closed just above the 1.52 line, at 1.5201. This week could be eventful, as the highlights include PMI numbers and the Official Bank Rate. Here is an outlook of the events and an updated technical analysis for GBP/USD. Last week saw disappointing data out of both the US and the UK. The UK Current Account Deficit widened, while the US had a particularly bad week, with poor numbers in a wide range of sectors, including housing and employment. GBP/USD did post a drop during the week, but managed to recover by week’s end. Read the rest of the article GBP/USD Outlook April 1-5 |
| About Slovenia and the Debt Crisis Posted: 31 Mar 2013 01:21 AM PDT Following the crisis in Cyprus, there was fresh talk about a bailout for Slovenia, and not for the first time. The crisis in Cyprus already tripled the country’s borrowing costs and could shut its market access. On the other hand, Slovenia’s story is more similar to Ireland than to Cyprus, for good and for bad. Here are a few things to know about this country in regards to the European debt crisis. Read the rest of the article About Slovenia and the Debt Crisis |
| AUD/USD Forecast April 1-5 Posted: 31 Mar 2013 12:39 AM PDT AUD/USD was almost unchanged over the week, after posting gains in the previous three weeks. The pair closed the week at 1.0418. This week’s highlights include the RBA Cash Rate, Building Approvals and Retail Sales. Here is an outlook of the events and an updated technical analysis for AUD/USD. Australian numbers were uneventful last week, and the Cyprus crisis may have rattled the markets, but did not have much impact on the Australian dollar. Read the rest of the article AUD/USD Forecast April 1-5 |
| USD/CAD Outlook April 1-5 Posted: 30 Mar 2013 11:00 AM PDT The Canadian dollar continued advancing against the USD as more positive figures came out of Canada. Employment data, Trade balance and Ivey PMI are the highlights of this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Canadian economy gained momentum last week, with a better than expected GDP reading for the first month of 2013. The economy grew by 0.2%, following a decline of the same amount in December. Manufacturing, mining, oil and gas industries showed expansion. Inflation data also rose above predictions with headline CPI jumping 1.2% way above the 0.6% gain expected, after posting a minor rise of 0..1% in January, and core CPI rose 0.8% from 0.1% in January. Will the flow of good news continue this week? Read the rest of the article USD/CAD Outlook April 1-5 |
| Big Accounts in Bank of Cyprus to Suffer a Haircut of around 60% Posted: 30 Mar 2013 08:35 AM PDT The central bank in Cyprus confirmed the details of the haircut for big accounts (over 100K) in the Bank of Cyprus. The money will be split to three parts, each with a different treatment. Depositors will receive bank shares worth 37.5% of their deposits over 100K euros. Read the rest of the article Big Accounts in Bank of Cyprus to Suffer a Haircut of around 60% |
| EUR/USD Forecast April 1-5 Posted: 30 Mar 2013 07:00 AM PDT |
