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Blog entries by alayoua

alayoua
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Forex Technical & Market Analysis FXCC May 28 2013 As last weeks volatility in Japanese markets demonstrates central banks do not have it all their own way. Unfortunately for Japan the risk remains that policy makers spur higher yields without accompanying growth, an outcome that would be...
alayoua
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3 min read
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118
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Forex Technical & Market Analysis FXCC May 27 2013 EU gives the go-ahead to Spanish bank restructuring plan The European Commission announced on Wednesday its approval of the plans to restructure Spain's four nationalized banks: Bankia, Nova Caixa Galicia, Catalunya Caixa and Banco de...
alayoua
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109
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Forex Technical & Market Analysis FXCC May 24 2013 Will German GDP/IFO be the catalyst to take EUR/USD back above 1.3000? The EUR/USD finished the session sharply higher, mainly benefiting from a better than expected European PMI data print. It will be another busy upcoming economic session in...
alayoua
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105
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Forex Technical & Market Analysis FXCC May 23 2013 FOMC minutes show members open to tapering QE The minutes from the April 30 and May 1 FOMC meeting showed that "a number" of officials expressed willingness to taper the bond buying program as early as the June meeting "if the economic...
alayoua
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103
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Forex Technical & Market Analysis FXCC May 22 2013 Bernanke testimony, FOMC minutes, & European data to heighten EUR/USD volatility The EUR/USD finished the day moderately higher, closing up 25 pips at 1.2905 ahead of what is sure to be a volatile session with Fed Chairman Bernanke set to...
alayoua
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91
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Forex Technical & Market Analysis FXCC May 21 2013 Fed-Speak to dominate EUR/USD trading in coming days The EUR/USD was able to claw back a small portion of its losses suffered last week, finishing the day up 64 pips at 1.2884. Economic news was light on the session with European markets...
alayoua
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Forex Technical & Market Analysis FXCC May 20 2013 Bearish developments on EUR/USD charts continue to take shape It was a rough week for the EUR/USD, as continued speculation of the Fed tapering QE purchases and worries of economic growth in Europe continued to put pressure on the pair...
alayoua
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90
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Forex Technical & Market Analysis FXCC May 17 2013 Talking Down the EUR The euro came under selling pressure today against the U.S. dollar after European Industry Commissioner Tajani tried to talk down the currency. As the head of an agency whose goal is to protect the export sector, Tajani...
alayoua
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132
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Forex Technical & Market Analysis FXCC May 16 2013 BoE sees a modest and sustained recovery over the next three years The quarterly Inflation Report released by the Bank of England on Wednesday suggests that UK inflation should rise above 3% in June and that it will possibly remain above the...
alayoua
Updated
3 min read
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168
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Forex Technical & Market Analysis FXCC May 15 2013 EU gives the go-ahead to Spanish bank restructuring plan The European Commission announced on Wednesday its approval of the plans to restructure Spain's four nationalized banks: Bankia, Nova Caixa Galicia, Catalunya Caixa and Banco de...
alayoua
Updated
3 min read
Views
116
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Forex Technical & Market Analysis FXCC May 14 2013 Schuble suggests revising EU treaties to make way for banking union German finance minister Wolfgang Schuble told the Financial Times today that the banking union could not be completed without a modification of EU treaties. The process of...
alayoua
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Forex Technical & Market Analysis FXCC May 13 2013 Japan rests re-assured not labeled 'currency manipulator' by G7 Over the weekend, the G7 re-assured the market that Japan is not deliberately weakening the yen in order to create a competitive advantage against other industrialized nations...
alayoua
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3 min read
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99
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Forex Technical & Market Analysis FXCC May 10 2013 Will a busy economic schedule next week be the catalyst for EUR/USD? The EUR/USD finished the day down 116 pips at 1.3044. Economic data was quiet for the most part but weekly jobless claims out of the US came in better than expected at 323k...
alayoua
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3 min read
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89
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Forex Technical & Market Analysis FXCC May 09 2013 EUR/USD notches a solid day of gains as risk on mentality continues In a day where risk assets were primarily well bid across the board, the Euro was able to notch some decent gains, finishing up 81 pips at 1.3159. The initial catalyst which...
alayoua
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3 min read
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80
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Forex Technical & Market Analysis FXCC May 08 2013 What Equity Rally Says About Currencies Over the past week, all of the action has been in equities. U.S. stocks powered to new record highs while currencies consolidated quietly. The U.S. dollar weakened against the euro and Japanese Yen and...
alayoua
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82
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Forex Technical & Market Analysis FXCC May 07 2013 EUR/USD still searching for direction after busy week of economic data After what was an extremely busy week of economic releases and central bank monetary policy meetings, the EUR/USD finished the week up 87 pips at 1.3116. The price action...
alayoua
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3 min read
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113
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Forex Technical & Market Analysis FXCC May 06 2013 EUR/USD still searching for direction after busy week of economic data After what was an extremely busy week of economic releases and central bank monetary policy meetings, the EUR/USD finished the week up 87 pips at 1.3116. The price action...
alayoua
Updated
3 min read
Views
104
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Forex Technical & Market Analysis FXCC May 03 2013 Sustainability of Dollar Rally Hinges on Payrolls With the European Central Bank's monetary policy announcement behind us, the focus of the forex market will now turn to the non-farm payrolls report. The newly delivered stimulus from the ECB...
alayoua
Updated
3 min read
Views
107
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Forex Technical & Market Analysis FXCC May 02 2013 Will the ECB Kill the EUR Rally? The euro has performed extremely well leading up to Thursday's European Central Bank monetary policy announcement. In fact, it may be hard for some investors to believe that the majority of economists are...
alayoua
Updated
3 min read
Views
115
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Forex Technical & Market Analysis FXCC May 01 2013 FOMC Meeting -- a major catalyst or non-event? The EUR/USD finished the day sharply higher, closing up 0.55% at 1.3166. Intra-day the pair traded as high as 1.3186 but was once again unable to take out the 1.3200 level. All eyes will be on the...
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