Matthew Hassan, analyst at Westpac, suggests that Australia’s August housing finance approvals update was a mixed bag with the number of owner occupier loan approvals undershooting expectations but another strong gain in the total value of investor loans.“The big picture is still of a clear lift in finance activity since mid year – boosted byContinue reading “Weekly Forex Market Forecasts for February 5th – February 9th”
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Weekly Forex Market Forecasts for February 12th – February 16th
Here is what you need to know on Thursday, October 10:Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex)Continue reading “Weekly Forex Market Forecasts for February 12th – February 16th”
Yikes! Is the sky really falling, or has it fallen, or will it fall some more?
CME Group’s flash data for GBP futures markets noted investors scaled back their open interest positions by nearly 1.1K contracts on Wednesday. In the same line, volume went down by around 13.6K contracts.Cable ’s daily pullback on Wednesday was in tandem with shrinking open interest and volume, opening the door for a potential squeeze higherContinue reading “Yikes! Is the sky really falling, or has it fallen, or will it fall some more?”
Weekly Forex Market Forecasts for February 19th – February 23rd
Cable is still expected to resume the downside and drop to the 1.2140 region in the short-term horizon, suggested FX Strategists at UOB Group.24-hour view: “Instead of “weaken further”, GBP spiked to 1.2292 before dropping back quickly to end the day largely unchanged at 1.2205 (-0.09%). While downward pressure has eased, there is scope forContinue reading “Weekly Forex Market Forecasts for February 19th – February 23rd”
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