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Retails sales hit record levels this Black Friday, pointing to potential upside in this sector going into the end of November. Over $3.3 billion in sales came in for Black Friday this year, a 21% increase over last year and a record as well. This suggests that consumers are willing to fork out cash, although it should be noted that the average purchase per consumer was lower overall, but this was offset by a greater number of consumers buying on Friday. This picture aligns well with the overall …
Franco's Blog
Asian Session – Nov. 24, 2016
Japan’s flash manufacturing PMI down to 51.1 in November vs. 51.7 expected, 51.4 previous.
Dollar continues to dominate across the board.
Major Events:
Japan’s manufacturing PMI – Manufacturing in the world’s third largest economy grew at a slightly slower pace in November despite further weaknesses in the local currency. New orders seems to be the culprit, as its index, which measures both domestic and external demand, fell to 50.4 from October’s 50.8 reading. Even the output component of the r…
Dollar continues to dominate across the board.
Major Events:
Japan’s manufacturing PMI – Manufacturing in the world’s third largest economy grew at a slightly slower pace in November despite further weaknesses in the local currency. New orders seems to be the culprit, as its index, which measures both domestic and external demand, fell to 50.4 from October’s 50.8 reading. Even the output component of the r…
Key Events To Watch For - November 24,25, 2016
Thursday, November 24, 2016
U.S: Thanksgiving Day. Financial markets closed
Marianas: Thanksgiving Day
Friday, November 25, 2016
8:30 AM ET. U.S. Weekly Export Sales
Corn (Metric Tons) (previous 1023K)
Soybeans (Metric Tons) (previous 2008.8K)
Wheat (Metric Tons) (previous 513.8K)
8:30 AM ET. October Advance Economic Indicators Report
9:45 AM ET. November US Flash Services PMI
PMI, Services (previous 54.8)
1:00 PM ET. U.S. financial markets close early after Thanksgiving
4:30 PM ET. Foreign Cent…
U.S: Thanksgiving Day. Financial markets closed
Marianas: Thanksgiving Day
Friday, November 25, 2016
8:30 AM ET. U.S. Weekly Export Sales
Corn (Metric Tons) (previous 1023K)
Soybeans (Metric Tons) (previous 2008.8K)
Wheat (Metric Tons) (previous 513.8K)
8:30 AM ET. October Advance Economic Indicators Report
9:45 AM ET. November US Flash Services PMI
PMI, Services (previous 54.8)
1:00 PM ET. U.S. financial markets close early after Thanksgiving
4:30 PM ET. Foreign Cent…
EUR-USD, Daily
The USD index clocked a new 13.5-year high in what is among the top 10 longest winning streaks the greenback has seen in 50 years. The dollar subsequently corrected some during the London AM session. EURUSD settled to near net unchanged levels around 1.0620-25 after earlier logging a new 11-month low at 1.0581. USDJPY, which continued to play a lead role in dollar gains, hit a five-month peak at 110.92 before ebbing to the 110.40 area.
USDJPY continued to lead a broader Trumpflation dollar rally…
USDJPY continued to lead a broader Trumpflation dollar rally…
Asian Session – Nov. 22, 2016
Forex traders were deep in Chopsville during the Asian session, as a lack of economic releases prompted traders to track the previous session’s economic themes.
Earthquake in Japan AND New Zealand– At around 6:00 am local time (21:00 GMT), a 7.4 magnitude earthquake was felt off the coast of the Fukushima prefecture. Recall that the same region saw a massive earthquake in March 2011, which resulted to spills from nuclear power plants and even a coordinated currency intervention from major centra…
Earthquake in Japan AND New Zealand– At around 6:00 am local time (21:00 GMT), a 7.4 magnitude earthquake was felt off the coast of the Fukushima prefecture. Recall that the same region saw a massive earthquake in March 2011, which resulted to spills from nuclear power plants and even a coordinated currency intervention from major centra…
EUR/USD & GBP/USD & USD/JPY - Monday - 3.3.2014
EUR/USD
Market open today with drop-gap price over Ukrainian situation which stoke haven demand.
Short-run: From technical analysis point of view market now inside short-run trading range between 1.3650 - 1.3850 , where as long as market holding trades below 1.3890 another drop correction wave may hit the market toward 1.3550 and 1.3400 levels , while above 1.3900 market may gain more strength to continue uptrend toward 1.4200 levels market tested last friday 1.3820-50 resistance zone , where t…
Market open today with drop-gap price over Ukrainian situation which stoke haven demand.
Short-run: From technical analysis point of view market now inside short-run trading range between 1.3650 - 1.3850 , where as long as market holding trades below 1.3890 another drop correction wave may hit the market toward 1.3550 and 1.3400 levels , while above 1.3900 market may gain more strength to continue uptrend toward 1.4200 levels market tested last friday 1.3820-50 resistance zone , where t…
World news & Dollar index - Monday - 3.3.2014
World news
Financial Markets faced gap price in favour of Safe Haven assets on the Ukranian situation developments.
market jumped into Gold and Safe Haven currencies such like U.S Dollar & Japanese Yen where investors afraid of such clash between West and Russia this is not the first conflict in intrest between Russia and the West , we rememmber last year confrontation Between Russia and U.S.A over Syria File , where market jumped into Oil and haven before a Jornalist question opened the door f…
Financial Markets faced gap price in favour of Safe Haven assets on the Ukranian situation developments.
market jumped into Gold and Safe Haven currencies such like U.S Dollar & Japanese Yen where investors afraid of such clash between West and Russia this is not the first conflict in intrest between Russia and the West , we rememmber last year confrontation Between Russia and U.S.A over Syria File , where market jumped into Oil and haven before a Jornalist question opened the door f…
ISM Manufacturing - at 16:00 (GMT + 1:00)
[table][tr]Source [td][url=http://www.ism.ws/]Institute for Supply…
EUR/USD & GBP/USD & USD/JPY - Thursday 20.2.2014
EUR/USD
Fed minutes showed yesterday that Fed going to change Rate Guidance as Unemployment Falls while today data showed a retreat over Euro-zone Inflation which spurred the dump of Euro. Market still under affect of low liquidity over the last 2 years , which may sustain the short-run trading zone that we advised befor between 1.3300-1.3850.
Short-run
showing support at 1.3630-55 where as long as market holding trades above 1.3630 the uptrend will sustain for more advance toward resistance …
Fed minutes showed yesterday that Fed going to change Rate Guidance as Unemployment Falls while today data showed a retreat over Euro-zone Inflation which spurred the dump of Euro. Market still under affect of low liquidity over the last 2 years , which may sustain the short-run trading zone that we advised befor between 1.3300-1.3850.
Short-run
showing support at 1.3630-55 where as long as market holding trades above 1.3630 the uptrend will sustain for more advance toward resistance …
World News & Dollar Index - Thursday 20.2.2014
World news
FOMC Meeting Minutes
Fed minutes showed yesterday that Fed going to change Rate Guidance as Unemployment Falls.
Federal Reserve policy Makers “agreed it would “soon be appropriate” to revise their guidance about how long the era of record-low interest rates will remain”. While several Policy Makers said that as long as the economic outlook doesn’t change they should continue trim asset purchase by $10 Billion each meeting.
Fed seems on-going with his exit plan with trim 10$ Billion ea…
FOMC Meeting Minutes
Fed minutes showed yesterday that Fed going to change Rate Guidance as Unemployment Falls.
Federal Reserve policy Makers “agreed it would “soon be appropriate” to revise their guidance about how long the era of record-low interest rates will remain”. While several Policy Makers said that as long as the economic outlook doesn’t change they should continue trim asset purchase by $10 Billion each meeting.
Fed seems on-going with his exit plan with trim 10$ Billion ea…