Monthly archive April, 2013

THE TAKEAWAY: USD Gross Domestic Product (1Q A) (Annualized) > +2.5% versus +3.0% expected, from +0.4% > USDOLLAR BEARISH The US economy saw a solid improvement in the 1Q’13 relative to the 4Q’12, but growth still managed to disappoint what proved Read More →

Talking Points Euro: Private Lending Contracts for 11 Months, ECB Rate Cut on Tap British Pound: Bullish Trend Continues to Take Shape, BoE to Maintain Policy Euro: Private Lending Contracts for 11 Months, ECB Rate Cut on Tap The Euro gave back the overnight Read More →

Crude oil and gold are under pressure as risk appetite unravels into the end of the trading week. A pickup in US GDP growth may do little to offset negativity. Talking Points Crude oil, Copper Under Pressure as Risk Appetite Unravels Anew Gold Read More →

Over today’s European session, we heard guidance from central bankers from around the world about the monetary policy intended to help the bank’s local economies. However, besides for an initial Yen reaction to a BoJ policy announcement, Forex market movement Read More →

The Japanese Yen appears poised to extend gains as first-quarter US GDP data in the first quarter fails to alleviate the markets’ concerns about a global slowdown. Talking Points Quiet European Calendar Shifts Spotlight to 1Q US GDP Report Japanese Yen to Rise Read More →

Trading the News: U.S. Gross Domestic Product What’s Expected: Time of release: 04/26/2013 12:30 GMT, 8:30 EDT Primary Pair Impact: EURUSD Expected: 3.0% Previous: 0.4% DailyFX Forecast: 1.0% to 1.5% Why Is This Event Important: The advanced GDP report is expected to show the world’s largest economy expanding Read More →