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ECB President Jean-Claude Trichet said on Friday that a strong and credible dollar and the steady appreciation of key emerging market currencies was in the interest of the international community. “A solid and credible dollar … is in the interest of the United States and in the interest of the international community,” Trichet told a [...]
Inflation week and GDP in Turkey in the spotlight With the exception of Poland, inflation for November will be released across the CEE region. While inflation is well anchored in the Czech Republic, it remains elevated and above inflation target in Hungary. In the Baltic States inflation continues to head up and according to our [...]
Market Movers ahead There are no major data releases in the US. The global focus will remain on the debt crisis and the response from ECB and European politicians. In the eurozone national data for industrial production are set to improve following a soft October. At the Bank of England meeting anything but an unchanged [...]
FX Market Overview So did Russian Prime Minister Putin know he had done enough to secure the 2018 world cup which meant he didn’t need to go to Zurich to hear the result? The bare faced lies of the voting members of the FIFA committee have created a whole heap of conspiracy theories and suggestions [...]
FX Market Overview After a tumultuous week in terms of data and an even more extraordinary week in terms of how badly Britain copes with snow, we seem to be returning to some sort of normality. As far as the snow goes, the thaw in my part of the world was a welcome sight and [...]
The Fed, following along the lines of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, unveiled the information regarding financial aid provided during the worst of the crisis. The report includes those that tapped the Fed, how many times and in what amounts. In order to stave off an even larger calamity [...]
Import prices (Nov): significant rise due to higher petroleum prices UMI consumer sentiment (Dec): further increase Consumer credit had fallen by a total of $168bn from October 2008 to August 2010. But it rose by $2.1bn in September, which was just the third increase in two years. We expect consumer credit to have stagnated in [...]
There are two different ways to study the foreign exchange market. The first of which, is fundamental analysis which relies on studying the impacts of the world economy on exchange rates. The second of which is technical analysis, which employs studying charts to make profits. There is no right or wrong way to trade There [...]
Fundamental analysis utilizes data points such as Gross Domestic Product, trade balance, and actions by central banks to decide how a currency will perform. Fundamental analysis is essentially doing all the math and fact finding to see how the market should value a currency, then buying or selling to await the market’s movement in your [...]