Markets and investors have been totally distracted this week by the upcoming FOMC meetings and the BoJ rate decision and political problems in Europe that we have not focused on hard core economic data. This week has a lot in store outside of those main events. Especially at the end of the week with US […]
What’s In Store For The US For The Rest Of The Week Read More »
Economic events scheduled for today 02:30 AUD CPI (QoQ) 0.6% The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. 07:00 EUR Finnish Unemployment Rate 7.40% The unemployment rate represents the
Market Review April 24 2012 Read More »
A day prior to the Hindu festival of Akshya Tritya, gold traders are expecting that sales would be around 25% more in the week as against the same period last year. “We are expecting a jump of around 25-28% in gold sale in terms of volume in the festive week as against last year,” said Sanjay
The Hindu Festival Of Akshya Tritya And Gold Read More »
At the close of last week the euro/pound held below the 0.8222 previous range bottom. The UK retail sales were reported strong but this was not enough to push sterling from further gains against the single currency. The EUR/GBP basically held a sideways trading pattern roughly between 0.8165 and 0.8205. The pair was changing hands
The EUR/GBP Cools Down Read More »
Central Banks decisions will rule the markets this week. We will be hearing from the FOMC, the RNZ and the BoJ. The FOMC has a way of shaking up the markets and I am sure they will live up to their reputation this week. The much anticipated decision of the BoJ will have major effects
Central Banks Rule Read More »
Economic events scheduled for today 01:30:00 AUD Producer Price Index (QoQ) 0.30% The Producer Price Index released by the Australian Bureau of Statistics measures the average changes in prices in the Australian markets by producers of commodities. Changes in the PPI are widely followed as an indicator of commodity inflation. A high reading is seen as
Market Review April 23 2012 Read More »
Gold futures traded nervously on Wednesday, falling 0.7% to $1,639.6, on the eve of the Spanish and French bond auction, and recovered slightly to $1,641.4 by the end of Thursday. The s & P 500 fell 1% while the Stoxx fell 3.5% in the past 2 days. The US 10-year Treasury ended below 2% for
Gold Is Waiting To Shine Read More »
On Thursday, EUR/USD continued to hover within the sideways trading pattern that is in place since earlier this week. The Spanish bond auction went rather well, but failed to change sentiment for the better. EUR/USD dropped temporary below the 1.31 mark, but the key 1.3000/1.2974 support stayed out of reach. Yesterday, the focus of global
The EUR/USD Wanders Rudderless Read More »
Economic events scheduled for today 06:00:00 EUR Producer Price Index (MoM) 0.40% 0.40% The Producer Price Index released by the Statistisches Bundesamt Deutschland measures the average changes in prices in the German primary markets. Changes in the PPI are widely followed as an indicator of commodity inflation. Generally speaking, a high reading is seen as positive (or
Market Review April 20 2012 Read More »
Today’s eco calendar in Europe is near empty, but the US one is more interesting. Initial claims are expected to have dropped following last week’s surprise sharp rise. The week under review is the post-Easter week, which might again lead to distorted results. Tentatively, we put the risks on the upside of expectations, while the
EUR/GBP Moves From Spicy To Hot Read More »
