Forex market analysis

OpenBook Traders Look Ahead to Labor Data for Still More QE Clues

OpenBook Traders Look Ahead to Labor Data for Still More QE CluesApril 4th, 2:39 pm by Barbara Zigah

OpenBook Traders Look Ahead to Labor Data for Still More QE Clues (eToro Blog) While markets will anxiously await Friday’s U.S. government-issued non-farms payroll report, in the interim they have today’s ADP report to look forward to. The latest consensus of economists polled calls for the ADP numbers to drop to 200,000 in March from February’s 216,000, and while a decrease it

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Fed Minutes Dim QE Hopes, Disappointing Wall Street

Fed Minutes Dim QE Hopes, Disappointing Wall StreetApril 4th, 11:18 am by Barbara Zigah

Fed Minutes Dim QE Hopes, Disappointing Wall Street (eToro Blog) Equity markets are being given a serious cash of whiplash with the latest blow coming from the U.S. Federal Reserve meeting minutes which were released yesterday and which offered no hints about the prospect of additional easing. That is in marked contrast to recent commentary from Fed Chairman Ben

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Factory Orders Rise Less than Expected

April 4th, 5:00 am by Benzinga

Factory Orders for the month of February were released this morning. New orders were up 1.3 percent month-over-month, lower than the 1.5 percent increase anticipated by analysts; however, higher than the revised January decrease of 1.1 percent.

 

From the release by the US Census Bureau, “New orders for manufactured g

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Euro Recovers from Earlier Pull Back

Various euro denominations Earlier euro pulled back on uncertainty about the Federal Reserve minutes, as well as concerns about Spanish debt. As Spanish bond yields rose, the euro dropped. However, things are turning around a little bit. After pulling back, the euro is now gaining against the US dollar.

Right now, European banks are delaying the necessity of dealing with p

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US Dollar Edges Higher as Traders Wait for Fed Minutes

Many US hundred-dollar bills US dollar is mixed today as traders wait for the latest minutes from the Federal Reserve meeting. The minutes of the meeting should provide some insight into what different members of the board think should happen with the economy, and might even give some clues about what could be next.

For now, US dollar is mixed, trading mostly unchanged

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Forget Greece – Will it be Spain that Breaks Up the European Union?

Forget Greece – Will it be Spain that Breaks Up the European Union?April 3rd, 1:38 pm by Barbara Zigah

Forget Greece – Will it be Spain that Breaks Up the European Union? (eToro Blog) More bad news today highlights the difficulties that the Spanish government faces to restore economic health to the Eurozone’s 4th largest economy. It was reported earlier by the Spanish Ministry of Labor that the number of registered jobless increased by 0.8% last month from the previous month, and

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Analysts Foresee Sterling Rise even as Traders Remain Uncertain

Analysts Foresee Sterling Rise even as Traders Remain UncertainApril 3rd, 12:20 pm by Barbara Zigah

Analysts Foresee Sterling Rise even as Traders Remain Uncertain (eToro Blog) According to a report recently issued by the British Chamber of Commerce, the U.K. economy rebounded modestly over the last quarter, with growth estimated at 0.3% and aided in large part by robust demand overseas. The report cautions, however, that the path to a full and robust recovery is certain

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