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Who leads, who follows? Do rising stock prices make Mr. Consumer feel good i.e. wealth effect? Or does the ebb and flow of Mr. Consumer#8217;s confidence blaze the trail for stocks? …
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SP futures closed lower on a wide spread down bar yesterday on increased volume, which confirms the #8220;no demand#8221; bar from Monday. We also note the volume was declining over the previous few sessions as the price traded higher and then it ……
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The Euro halted the two-day decline against the greenback, with the exchange rate rising to a high of 1.3568 during the overnight trade, and the major currencies could face increased volatility going into the North American trade as Fed Chairman Ben Berna…
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European equity markets inherited a mixed picture following Asian trade, which saw significant losses with the conspicuous absence of mainlined Chinese bourses. Core European bourses opened bid, taking strength from a mixed but positively biased earnings …
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The dominate risk aversion theme has re-emerged as credit troubles in Greece continues to generate an environment of uncertainty. In of itself the Greek economy accounts for a small portion of the Euro-area economy but concerns that its troubles could be the tip of the iceberg is what has traders on edge.
Consumer prices in the Euro-Zone are forecasted to rise to an annual rate of 1.0% in January, which would be the highest reading in nearly a year, and the data is likely to spark increased volatility in the exchange rate as investors weigh the outlook for future policy.
EURUSD – Euro Forecast to Depreciate vs US Dollar
GBPUSD – British Pound Outlook Strongly Bearish
USDJPY – Japanese Yen Trading Higher against US Dollar
USDCHF – Swiss Franc Forecast to Depreciate vs. USD
USDCAD – Canadian Dollar Likely to Weaken Further Against USD
GBPJPY – British Pound Forecast Very Bearish versus Japanese Yen
View individual currency SSI charts in our FX Sentiment section
Interested in building your own SSI-based strategy? Request SSI data on our forex forum.
The USD/JPY has been under pressure on the day as Greece’s credit rating is at risk again of another downgrade. If this were the case then Greek government bonds would no longer be eligible as collateral at the European Central Bank, making it more difficult for the nation to borrow. In the current environment it is challenging to execute a scalping strategy; therefore we will try and anticipate the development of an ideal situation. Dollar/yen is threatening a major support level which could slow its bearish momentum leading to a period of consolidation creating an opportunity for a high frequency strategy.
The Japanese Yen rallied across the board as investors scaled back their appetite for risk, while the Australian dollar pared the previous day’s advance and slipped to a fresh weekly low of 0.8808.
EURUSD – Euro Forecast Turns Aggressively Bearish
GBPUSD – British Pound Outlook Remains Bearish
USDJPY – Japanese Yen Forecast to Rally Sharply
USDCHF – Swiss Franc Expected to Lose Further
USDCAD – Canadian Dollar Forecast to Weaken Against USD
GBPJPY – British Pound Forecast Bearish versus Japanese Yen
View individual currency SSI charts in our FX Sentiment section
Interested in building your own SSI-based strategy? Request SSI data on our forex forum.