Wednesday sported an opportunity for U.S. data to shake the markets. Initially, the ADP employment change was released, and presented a very impressive increase of 215,000 jobs in the U.S. economy during November. When the promising data started advocating the…
EUR/USD trading last week was subject to breaking events from both sides of the Atlantic. New York Fed President Dudley, who is considered a member of the dovish set among FOMC members, expressed his hope that the U.S. economy had…
Cyprus Publishing the details of Cyprus bailout plan last week led to an increase at the financial markets risk premium. The increase seems to be fueled by Europe’s financial ministers decision that a substantial portion of the bailout plan will include…
Europe Most of the data published regarding the European economy were disappointing, suggesting the continued recession. Industrial production in the Eurozone decreased during the month of January by a monthly rate of 0.4% (versus an expected -0.1%), to a level…
Easing terms on emergency aid to Greece led to a decline in the risk premium of EU markets… Greece As expected, European finance ministers eased the terms on emergency aid for Greece, cut the rates on bailout loans, suspended interest payments…
So this Euro crisis seems to be far from over, when we need the world economies to recover, it seems that the crisis in the Eurozone is still waiting for a serious resolution… Europe: Two forces led to a dropdown…
There are 3 main issues that should determine the USD‘s fate in Q4. The US November elections Regardless of who will win, the expiration date for tax cuts and automatic spending programs will be extended beyond December 31st. Given the…
A new stimulus program was announced by the European Central Bank in the first week of September. This program to save the euro is called “Outright Monetary Transactions” or “OMT” and it was enough to drive the EUR/USD to a…
We are entering the heart of Q3, so this is a good time to review the USD’s prospect for the rest of the summer. The ongoing situation in the EZ is suspected to have major influence on the currency’s…
