Monthly archive June, 2013

The Euro is likely to look past June’s German Unemployment report to focus on the outcome of an EU leaders’ summit starting today in Brussels. Talking Points Euro to Look Past German Jobs Data, Focus on EU Leaders’ Summit UK GDP Revision Unlikely Read More →

Trading the News: German Unemployment Change What’s Expected: Time of release:06/27/2013 7:55 GMT, 3:55 EDT Primary Pair Impact: EURUSD Expected: 8K Previous: 21K DailyFX Forecast: 2K to -2K Why Is This Event Important: Unemployment in Europe’s largest economy is expected to increase another 8K in June, and the Read More →

Dollar Advances Alongside Equities as Market Debates September Taper Euro Faces Short-Term Volatility on Data, Lasting Turbulence on Financial Issues Japanese Yen: Looking for Stimulus Success in Data, Volatility British Pound Drops after BoE Warns of Vulnerability, Osborn Presents Cuts New Zealand Dollar Traders: Read More →

EURUSD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook EURUSD Primary and Secondary objectives have now been achieved (1.31-1.3112 & 1.30- 1.3030) Short exposure closed here ahead of EU event risk tomorrow RSI now testing the 40-threshold- Trigger Break to offer conviction with Read More →

THE TAKEAWAY: USD Gross Domestic Product (Annualized) (1Q T) +1.8% versus 2.4% expected, from 2.4% > EURUSD moves down to $1.3000 There were two significant news events today. The first was the Bank of England Financial Stability Report, which stated that Read More →