figotata

In the U.S. session, the dollar had a very hawkish news report - the PPI read, which rose at the fastest level in the last three decades, indicates that inflation is still knocking at the Fed’s door, and therefore may force a rate hike (Usd positive).

The daily chart for pound (Gbp/Usd) and aussie (Aud/Usd) look like the pairs are making a reversal pattern. The pound made a doji bar followed by a pin bar, while the aussie made two pin bars, not being able to break under a 7-months low in the 0.8600 area. In the same time, the euro (Eur/Usd) is struggling to make a lower low, but until now, the dollar seems unable to pull the valuation lower.

It is pretty clear now the major economies- Euro-zone, Japan, US, Canada, UK and Australia, are heading towards a slowdown

The currency marketThe currency market in the week ahead in the week ahead will have to deal with inflation, growth, confidence and retail numbers

It is pretty clear now the major economies; Euro-zone, Japan, US, Canada, UK and Australia, are heading towards a slowdown. In the last week the market saw confirmation for each of them. Today, the list culminated with the European economy having a negative quarter, lead by its powerhouse: Germany.

The US trade balance came much better than expected, having a read of 56.8B, beating even the most optimistic analysts, which ranged from $58 billion to $65.7 billion

Forex or Foreign Exchange is an unregulated market where money is swap for different purposes. Some of them employ goods swap while other are purely based on speculations

The F.T. says in an article published today, without quoting an official source, that Germany’s second quarter GDP number will come at -1%....