Breaking News – Consumer Sentiment for April
Consumer Sentiment for April slightly better than expected
Currencies
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.
Spain Credit Rating Downgraded on Negative Outlook
Spain late Thursday.
EURUSD Rally Reverses at Early Month Range
DailyBars Prepared by Jamie Saettele, CMT The EURUSD rally failed between former supports at 13250 and 13275. The level is reinforced by the underside of former trendline support as well. Nothing has changed from a trend standpoint as the rally from 12994 is slow, overlapping, and shows no impulsive characteristics. 13170 and 13104 are supports for Friday. Bottom Line (next 5 days): topped and lower?
Swiss Franc Trades Nervously on SNB
USDCHF – Our Speculative Sentiment Index shows that retail trading crowds remain net-long the US Dollar (ticker: USDOLLAR) against the Swiss Franc. Normally this would lead us to call for near-term losses. Yet the USDCHF remains stuck in a frustratingly narrow range, and only a break below SFr 0.9000 would signal that fresh lows are entirely likely. As it stands most are watching for clues that the Swiss National Bank
Dollar Slips after Fed Forecasts Turn Slightly More Hawkish?
Dollar Slips after Fed Forecasts Turn Slightly More Hawkish? British Pound Resilient Despite Double Dip Recession New Zealand Dollar Advances after RBNZ’s Slightly More Dovish Tack Japanese Yen Gains Despite Positive Risk Sentiment Euro: ECB President Draghi Eases His Inflation Tone Canadian Dollar Looking to Capitalize on Break to 7-Month High Gold Recovers from Yet Another Early Fall Thanks to the Dollar Dollar Slips after Fed Forecasts Turn Slightly More
USD Advances Curbed By Cautious Bernanke – 9900 Remains Critical
The greenback is softer at the close of North American trade with the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) off by 0.18% on the session. The FOMC interest rate decision was central focus today with the central bank maintaining its pledge to keep rates anchored through 2014 while giving a slightly more upbeat assessment of the economy. The Fed raised its 2012 growth forecast to 2.4%-2.9% from
NZ Dollar Rallies as RBNZ Holds Rates
THE TAKEAWAY: RBNZ holds rates at 2.50% > RBNZ wait-and-see approach contrasts with RBA’s dovish bias > Kiwi strengthens
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