Week of April 30 Economic Calendar
Week of April 30, 2012 Economic Calendar.
GBP
What to Do with the USDCAD at 2012 Lows
FXCM Expo Videos Innovative Techniques with Traditional Technical Indicators Trading with the Elliott Wave Principle Seeing the Forest from the Trees: An Analysis of Global Markets Afternoon Technicals (all charts) Other TA (crosses, COT, etc.) April was choppy and difficult to navigate. May ideally ushers in better conditions. Continue to watch the Yen crosses, as many are near/at their 50% retracements from the February lows. The EUR, CAD, AUD, and
Japanese Yen Gains Likely to be Short-Lived on Fading Fed QE Bets
Fundamental Forecast for the Japanese Yen: Bearish Bank of Japan Fails to Sink Yen With Stimulus Expansion Speculative Sentiment Points to Near-Term Yen Strength Looking to Sell Yen vs. Dollar Following Trend Line Break The Japanese Yen outperformed last week, rising against all of its major counterparts. Interestingly, the advance came even as the Bank of Japan expanded policy easing efforts. While cumulative monetary expansion amounted to just ¥5 trillion
The Credit Suisse® “U.S. Focus List”
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April Consumer Confidence Hits 14-month High, USD Pares Loss
THE TAKEAWAY: April U. of Michigan Confidence Final Index Rose to 76.4 > Americans Appeared Optimistic about the State of the Economy> USD Pares Loss vs. Most of its Major Peers Confidence among U.S. consumers hit fourteen-month high in April, reflecting their optimism about the prospective strength of the economy and rising expectations on business conditions, employment and income. The Thomson Reuters/ University of Michigan final index mounted to 75.3
Breaking News – Consumer Sentiment for April
Consumer Sentiment for April slightly better than expected
Euro Shrugs Off Early Session Declines; Sights Set on Key 1.3300 Barrier
Euro bounces by key hourly support German GfK softer than expected Swiss KOF exceeds consensus estimates S&P downgrades Spain two notches to BBB PM Rajoy comments contribute to early risk off price action Yen sees whipsaw trade post new BOJ measures SNB back in focus; keeping an eye on EUR/CHF Well, it certainly didn’t take the markets long to shrug off the latest S&P Spain downgrade, downbeat comments from the
US Dollar Expected to Rise vs Euro, Waiting for Entry to Sell Yen
Major Currencies vs US Dollar (% change week-to-date) EURUSD: Holding Short Below Key Trend Line USDJPY: Waiting for Long Entry Opportunity GBPUSD: Year-Old Trend Line Barrier in Sight
U.S. GDP Disappoints
The Uof Economic Analysis released its Q1 report.
Crude Spikes Through Channel and Fails….Again
Daily Bars Prepared by Jamie Saettele, CMT As long as price is below 10546 (early month high), look lower towards the December and/or February lows at 94/96. Reward/risk is highly favorable against the April high. Interim support is 10310 and focus is on the bottom of the range at 10180. Bottom Line (next 5 days) – lower
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