Sam Shenker is a Technical Currency Analyst for Forex Capital Markets (FXCM). Sam is the author of the Daily and Weekly Technical Research reports at FXCM. His reports include: Daily Technicals, Weekly Crosses and the Weekly Futures Commitment of Traders Report. Prior to joining FXCM, Sam spent a number of years on Wall St and has traded many different products, including: equities, equity derivatives and futures. He also specialized in research and analysis of high yield bonds, corporate bankruptcies, restructurings, reorganizations and venture capital. He holds a Bachelors degree in Finance and Business Management from Pace University and is an active currency trader. Sam is frequently quoted on FXStreet.
British Pound At Risk As Yield Expectations Decline
The consumer credit report and mortgage approvals highlight the upcoming week’s event risk as signs that banks continue to hoard cash and tighten lending standards will dim the outlook for future growth.
Japanese Yen Trend Points To Slowdown In Gains
The Japanese yen may witness choppy price action to start next week as U.S. markets will be closed on Monday in observance of the U.S. Independence day holiday.
British Pound Could Be Weighed By Increased Austerity Measures
The upcoming Bank of England minutes will provide some insight into policy makers thought process but may lose their value considering that the budget release could significantly alter their thinking.
Canadian Dollar Looks For Direction As EU Concerns Weigh On Outlook
The economic docket is forecasted to show new motor vehicle sales slump 5.0 percent, marking the third decline in the past four months, while wholesale sales is surveyed to expand 0.3 percent for the month of April.
British Pound To Look Past Rate Decision
The British pound may look past an interest rate announcement from the Bank of England to fall in line with the trends in risk sentiment, setting up the currency for losses amid an aggressive return to risk aversion.
Larry Connors is a 22-year veteran of Wall Street. He was a vice president with Donaldson Lufkin and Jenrette, before starting his own trading and information companies. He is CEO and founder of TradingMarkets.com and is author of numerous books on trading including Street Smarts (with Linda Raschke) which was selected by Stocks and Commodities Magazine as one of the classics of the past century.
Sam Shenker is a Technical Currency Analyst for Forex Capital Markets (FXCM). Sam is the author of the Daily and Weekly Technical Research reports at FXCM. His reports include: Daily Technicals, Weekly Crosses and the Weekly Futures Commitment of Traders Report. Prior to joining FXCM, Sam spent a number of years on Wall St and has traded many different products, including: equities, equity derivatives and futures. He also specialized in research and analysis of high yield bonds, corporate bankruptcies, restructurings, reorganizations and venture capital. He holds a Bachelors degree in Finance and Business Management from Pace University and is an active currency trader. Sam is frequently quoted on FXStreet.
