Forex Crunch Trichet Press Conference – Live Blog |
- Trichet Press Conference – Live Blog
- GBP/USD Rises As No New QE Is Announced in Britain
- EUR/CHF Moving Higher – Implications for EUR/USD and USD/CHF
- EUR/USD Sep. 8 – Consolidating on Low Ground Before Trichet
- Time for a bold approach
- Forex Daily Outlook – September 8 2011
- AUD/USD: Trading the Australian Employment Change
| Trichet Press Conference – Live Blog Posted: 08 Sep 2011 05:11 AM PDT The president of the ECB, Jean Claude Trichet, will begin speaking soon about monetary policy, future expectations and the debt crisis, whether he wants it or not. His words are critical for the exchange rate of the euro. The ECB just left the interest rate unchanged at 1.50%, exactly as expected. This post will be updated frequently. Read the rest of the article Trichet Press Conference – Live Blog       |
| GBP/USD Rises As No New QE Is Announced in Britain Posted: 08 Sep 2011 04:02 AM PDT British policymakers made no change in policy for another month. There was some speculation that the MPC would increase the Asset Purchase Facility. This didn’t happen now, and the pound manages to edge up on a mini relief rally. Talks about an expansion of the QE program above 200 billion pounds already allocated to it have been making the rounds. In the recent decisions, only one member, Adam Posen, voted for this option. Perhaps in this meeting, additional members voted for it. We’ll know that in a couple of weeks. Read the rest of the article GBP/USD Rises As No New QE Is Announced in Britain     |
| EUR/CHF Moving Higher – Implications for EUR/USD and USD/CHF Posted: 08 Sep 2011 03:12 AM PDT The SNB put a floor under EUR/CHF, at 1.20. In the first hours after the shock the pair was just above this line, as the authorities struggled to stabilize their huge effort. It has now drifted higher, taking a safer distance. What does this mean for USD/CHF and for EUR/USD? Read the rest of the article EUR/CHF Moving Higher – Implications for EUR/USD and USD/CHF     |
| EUR/USD Sep. 8 – Consolidating on Low Ground Before Trichet Posted: 08 Sep 2011 01:45 AM PDT Euro dollar is now getting comfortable in a lower range, still enjoying the German court decision. But this isn’t likely to last long, as the market awaits the rate decision and the press conference by ECB president Trichet. Also in the US, many important indicators are released, with the head of the central bank speaking as well. Here's a quick update on technicals, fundamentals and what's going on in the markets. Read the rest of the article EUR/USD Sep. 8 – Consolidating on Low Ground Before Trichet     |
| Posted: 08 Sep 2011 12:49 AM PDT Ahead of his address to Congress on America's jobs' crisis later today, equity markets were buoyed by a suggestion that the size of the package the US President will present could be more than USD 300bln. It is expected to include substantial middle class tax cuts, a boost to infrastructure spending, and targeted state and regional expenditure. Fed Chairman Bernanke is also due to speak later on the US economic outlook. In recent days, a number of Fed officials have been intimating that the US central bank needs to ease monetary policy further, possibly quite significantly. For his part, Bernanke may not yet be ready to make explicit what the Fed's next steps will be, but he is likely to discuss the various policy options and commit to using them should the Fed decide it is warranted. The FOMC next meets in less than two weeks. Prior to Bernanke's speech, the policy committees of the BOE and ECB meet – QE will certainly be up for discussion at the MPC meeting, while some ECB officials must surely press for a rate cut. The expectation that policy officials in the major economies are considering further action over coming days to support their ailing economies has encouraged some short-covering in risk assets, with the FTSE 100 up more than 3% yesterday and the battered DAX up over 4%. The gold price took a sharp tumble yesterday, briefly plunging through $1,800, this after reaching a record high the previous day of USD 1,921. Of interest for the FX market over the last couple of days has been the softness of the pound. With the Chancellor still firmly committed to fiscal consolidation, the Bank considering additional asset purchases and the economy still in dire shape, it is little wonder that the currency is under pressure. Read the rest of the article Time for a bold approach     |
| Forex Daily Outlook – September 8 2011 Posted: 07 Sep 2011 02:00 PM PDT US trade balance, Ben Bernanke’s speech and US Unemployment claims are the major market-movers. Let see what awaits us today. In theUS, Trade Balance, The gap between imports and exports has widened in June reaching -53.1B from -50.8B in the previous month. The gap is expected to narrow to -50.3B this time. Read the rest of the article Forex Daily Outlook – September 8 2011     |
| AUD/USD: Trading the Australian Employment Change Posted: 07 Sep 2011 07:19 AM PDT The release of the Australian employment change and unemployment rate indices are critical leading indicators which always affect the markets. The importance of employment figures coupled with their publication early in the month could have a significant impact on AUD/USD. Here are the details and 5 possible outcomes for AUD/USD. Read the rest of the article AUD/USD: Trading the Australian Employment Change     |
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