Over 20 years in trading
The US dollar crashed this week ahead of the todays US Nonfarm Payroll data, mostly on New York FED President Dudley’s speech. He said that financial conditions have tightened since December’s decision. He also said that continued tightening on conditions would weigh on the FED. That’s why the market is expecting delays of the furder tightening, selling the US dollar
Read moreFor 40 minutes, US GDP data for Q4 is coming up. Previous 2.0% from Q3 will be hard to beat and the capital markets players average forcast for Q4 is 1.4%. Average expectations are lower at aprox 0.8% for Q4. This is very important data for the US dollar and sharp moves are possible if the numbers will be bellow or above the
Read moreConsumer Price Index CPI in the Euro area decreased to 118.14 index points in December, from 118.16 index points in November of 2015. The infaltion rate holds at 0.2% and expectation for January 2016. is increase to 0.4%. We will see the data in about 30 minutes. 10:00 h (GMT) – Consumer Price Index (YOY) January. > Previous 0.2%
Read moreIn about 10 minutes US durable goods orders data is coming up. Durable goods order for December is expected to have shrunk 0.6%t, after remained unchanged in November. 13:00 h (GMT) – US durable goods!!! > November 0.0% > Expectation for December -0.6%. Update > -5,1%
Read moreUS Consumer price index ex food & energy data for December is coming up today. The CPI for all urban consumers (CPI-U) was unchanged for November on a sesonally basis and over the previous 12 months, the all item index increased 0,5% before sesonal adjustment, which was the largest increase in the previous 12 month period ending December 2014. The index for all
Read moreThis could be a ‘huge mover’ today, because, it could be an indicator for December FED’s meeting and for decision of the possibility for the rate hike. Sure, there is no guarantees the FED will do that in 2015., but on my point of view, today’s much better numbers could move the market strongly in favor of the US dollar and break
Read moreIn about an hour, (12:30 h GMT), NFP numbers and US unemployment data will be released. Previous numbers: unemployment 5,5%, Jobless claims were strong with 280K, consesus is 270K, for unemployment 5,4%. Better and expected numbers can give additional boost to the already strong US dollar in the last couple of days. Sharp moves are possible all over the market, be careful.
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Let’s take a quick look at this graph. Who is the largest buyer and seller of physical gold in the last 20 years? Acording to available statistics, we could see that the Russia and China are the largest buyers with purchased of +800 (Russia), +700 (China) tonnes of physical gold in the last 20 years. In 2015. the Russia holds
Read moreGreece is in focus again, let’s see how the debt looks like in numbers by its creditors. Greek government debt stands at 323 billion euros, over 175% of the country’s GDP. About 246 billion euros was lent by other countries in the eurozone, the European Central Bank and the International Monetary Fund. But, which country has most exposure? As you can see,
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An interesting view of the TOP10 leading countries with the highest Forex reserves in 2014. Of course, China is Nr.1, held a total of $4 trillion in various currencies, mainly in United States Treasuries. Sure, the exact composition of China’s foreign reserves is a great mystery. Latest data shows that China had lowered reserves to $3.85 trillion in 2015. but
Read moreThe ECB started with ‘QE 60 billion euros’ monthly programme today, first buying German 10yr bonds, sure. Euro don’t know what to do now, to relif or not? EUR/USD rise this morning from opening level at 1.0830 to 1.0906, but that was it. The pair is back down to 1.0850 for now. I think we should observe euro moves a few days
Read moreEach new day we assure that SNB’s move was ‘the right’ decision. Yes, you wish it is Mr.Jordan. According to Bloomberg, SNB may cut deposit rate to -1,50%, from -0,75% if the Swiss Franc goes to the ‘wrong’ direction’, or to be clear, if the Swiss Franc strengthened against the Euro. As I wrote about this before in February 08., SNB
Read moreThere is some rumors that some of Greek banks have run out of cash? Sure, euro droped quickly back and there is a question about technical levels now if that rumour is true. Gold jump quickly for $8 to 1217. Greek saga countinues to move the market! I don’t know is that true or not, but I don’t like to trade/analyse until rumors
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