Sterling Ignores Weaker Than Expected Consumer Confidence
Sterling is largely ignoring a weaker than expected consumer confidence report from the GfK group. Just moments ago the organization reported that the UK’s headline consumer confidence index declined by 3 points to a reading of -22, deeper than projections for a one-point decline only. In the minutes following the announcement, GBP/USD only shed pip pips to 1.5607 before quickly retracing the losses. The pair is down only 3 pips at 1.561 on the day. The magnitude of the reaction is consistent with the fact that the report isn’t very high on the list of top economic indicators for the UK.
16 August 2010
| Askobid Positioning Data Shows USD Shorts Vulnerable Friday’s CFTC data on speculative positioning shows that traders are the most short they have been USD since 2009. Net short USD positions rose to 160k contracts from 139.5K as of August 10...
9 August 2010
| Askobid Spotlight on the Euro On Friday EUR/USD reaped the benefits of weak U.S. employment data. The country’s benchmark employment report revealed that U.S. nonfarm payrolls declined by 131k in the month...
6 September 2010
| ACM Waiting on Private Payrolls Markets are anxious ahead of today’s critical payroll report. The Forex Market settled into an easy range during the Asian session and traders don’t seem to be in any kind of hurry to open new positions given the uncertainly of today’s US data...
6 September 2010
| FBS Political uncertainty in Japan In Japan Ichiro Ozawa from the Democratic Party who opposes prime minister Naoto Kan in September 14 party election for this position claimed that intervention to the currency market in order to prevent national currency from appreciation is quite possible. Many analysts believe that if Ozawa wins, USD/JPY may start unexpectedly climbing.
3 September 2010
| ACM FX Market Skittish Before ECB The rally in risk appetite boosted by strong Chinese and Australian data yesterday was further encouraged after our last article by stronger than expected US ISM numbers...
3 September 2010 Daily Forex Analysis GBPUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 1.5997. As long as the trend line resistance (Now at 1.5525) holds, another fall to 1.5200 is still possible...
3 September 2010
| iFOREX Technical Analysis EUR/USD 1.2814 On Thursday the Euro/Dollar rose insignificantly. The European appreciated from 1.2779 to 1.2838 yesterday, matching the positive Interbank sentiment projection, at around +7%, closing the day at 1.2822...
