Fed’s kocherlakota: drop in the U.S. unemployment rate of below 4% indicates an Overheating of the economy, interest rates need to be increased

FXStreet – Boston Fed President Eric Rosengren said that the current unemployment rate of 4.4% is already below 4.7%, which, in his view, a “natural employment”. Important quotes on Reuters: • Decline in the US unemployment rate below 4% indicates an Overheating of the economy, interest rates need to be increased• the unemployment rate of […]

USD/HUF short-term extremely overbought

The RSI in the 4-hour chart has fluctuated in the last 3 weeks most of the time below the 50% mark, and only recently, he climbed over the 60% mark. The USD/HUF was in the descent of the 50SMA it was in the 4-hour chart below the 200SMA until the slide were averages not more […]

Medium term buyer in USD/HUF Momentum

MACD on the 4-hour chart of the USD/HUF rises above its zero line and generates a buy-signal. With the increase over the zero line, what happened the last Time a week ago, the MACD is positive Momentum. Momentum traders, which have just been waiting for such a Signal, could try to open new long positions […]

EUR may on positive data react: bullish in the EUR – Nomura

FXStreet – The Nomura analysts agree that the ECB’s chief economist Peter Praet last week said that the ECB’s Guidance “data dependent”. Important Quotes: “As a result, we expect that the EUR economy will react to data that is sensitive, while the political uncertainty decreases. We expect a further improvement in the Euro zone economic […]

EIA increases the 2017 U.S. crude oil production forecast, lowers this for 2018 – Reuters

FXStreet – Key points of the EIA report for the short-term energy Outlook, via Reuters: 2018 U.S. crude oil production increases by 650K barrels/day (previously 680K bbl/day)In 2017, U.S. crude oil production will increase to 440K barrels/day (previously 350K Barrel/day)2018 US demand for crude oil increases by 300K barrels/day (previously 340 K barrels/day)2017 US demand […]

GDPNow of the Atlanta Fed growth clip signals of 3.6%

FXStreet – For the current reporting period, the forecast signal models, such as GDPNow of the Atlanta Fed (seasonally adjusted annual rate) economic growth of 3.6 percent for the second quarter. This is a decrease of 0.6 percent compared to the previous week, said the Federal Reserve of Atlanta on Tuesday. The forecast for the […]

EIA increases U.S. Oil production by 2017

FXStreet – the Following are the main points of the short-term energy Outlook, the US energy administration (EIA): The U.S. Oil production is expected to rise in the year 2018 in order to 650,000 bpd (before 680.000). The U.S. Oil production is expected to rise in the year 2017 and 440,000 bpd (up to 350,000). […]

EUR/USD falls to new 10-day Low

FXStreet – The currency pair EUR/USD came in the American business again under the wheels and fell to its lowest level since 28. April 1,0870. The Couple listed recently on 1,0875, and thus 0.45 percent, or 50 Pips in the Minus. The recent slide in the currency pair may have been triggered by the strong […]

NZD is compared to the USD difficult to claim – HSBC

FXStreet – The new Zealand Dollar is likely in the coming months, difficulties have been compared to the American Dollar to the claim, stated the HSBC market analysts. Important Quotes: Our expectations for a USD devaluation based disappointment on the adoption potential of short-term cyclic, while there is also some uncertainty about whether the recent […]