Archive for April, 2008
Counting Sheep Ahead Of The FOMC And GDP Info
As for the GDP - well, it’s probably a tighter call than the FOMC decision and will go down to the wire with what could be a fairly strong knee jerk reaction but which will likely calm down until the FOMC makes its announcement?
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ADP, GDP, To The FOMC…
All the wait, all the wondering, all the speculations, all will materialize today, as the U.S. economy takes over markets, and start pumping its famous class A fun-damentals, starting form ADP report, to the GDP Growth, passing through PCE and PMI, and Closing with FOMC Decision.
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Mixed Dollar
The long awaited day has come finally, the FOMC will announce their decision to their interest rates later today but first a set of data will be released from various economies around the planet, and should have major impact on the financial markets especially the Euro and the Dollar.
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Dollar Holds Up Well, Sterling Faces Headwinds Again
EUR/USD drifted lower yesterday as poor EU data dented euro sentiment. Weak UK data also blocked the sterling rebound. More bad news for the euro zone and the Fed paving the way for a prolonged pause in its easing campaign might cause additional repositioning on the currency markets.
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Daily Financial Market Outlook
The FOMC meeting today will be pivotal in predicting whether the trough in official US interest rates has been reached. The Fed has already cut interest rates by a cumulative 3% since the onset of the credit crisis last year, reflecting its fears about economic growth while largely ignoring rising…
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Loads Of Important Data Today… Expect Massive Volatility
General weakness in commodities and basic material producers, anticipating USD strength after the important data today. EURUSD strong support at 1.5342. If the cross goes that low on the data, we suggest to buy with a stop below 1.5340 offered.
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Sphere: Related Content
All Eyes On FOMC Rate Decision And Policy Statement
A mother load of data is on its way today from the US. First up we get the ADP employment change data. The market may want to react to this number, but we prefer to ignore it due to its spotty record of predicting the non-farm payrolls number, which itself…
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Markets Are Waiting For The Fed
Yesterday EURJPY dropped through important short term support levels thus hitting target on our selling recommendation. Before markets closed the currency cross rate managed to recover somewhat but short term momentum still seems to speak in favour of further downside potential. Thus we have chosen to extend our selling recommendation…
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Japan Suffers While The Market Awaits Tonight’s Figures
Japan does seem on the brink of further doldrums with softness seen just about everywhere. The -3.1% drop in industrial production will leave a choke in the throat of both government and BOJ as it sees household spending burn and crash in March which will spell further problems for the…
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Japanese Manufacturing Sentiment Heads Lower
April’s survey of Japan’s manufacturing firms printed at 48.6, below the “boom-bust” 50 level and lower than last month’s result. Manager’s assessment of export growth fell -2.7%, while the outlook for the overall quantity of purchases declined -3.8%. Japan has long depended on foreign demand to make up for soft…
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