One of the major themes this year has been that loose and loosening G4 central bank policy has helped to remove tail risk, crushed volatility and supported risk assets and currencies. Slowly this theme appears to be shifting. The BoC has turned more hawkish, the BoE has shifted to a less dovish stance and the […]
Central Banks And Bond Auctions Add Importance Read More »
Economic events scheduled for today 14:00:00 EUR Consumer Confidence The Consumer Confidence released by the European Commission is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. A high reading is seen as positive (or bullish)
Market Review April 19 2012 Read More »
Gold Spot gold almost paused overnight and is currently hovering near the 1650 level. Spain sold 3.18 billion Euros ($4.2 billion) of debt yesterday, compared with the maximum target of 3 billion Euros. The IMF increased its estimate for global growth in 2012 to 3.5 percent from 3.3 percent and lifted its forecast for the
A Mid Day Look At Gold And Crude Read More »
On Tuesday, the EUR/GBP drifted up and down in a tight sideways trading range in the 0.82 big boy ranges. The pair held within striking distance of the key 0.8222/10 support area but a real test didn’t occur. That said, it remains significant that also EUR/GBP failed to record any gains on yesterday’s risk rally.
The EUR/GBP Adds Some Spice Read More »
Economic events scheduled for today 08:30:00 GBP Average Earnings including Bonus 1.30% 1.40% The Average Earning Including Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is
Market Review April 18 2012 Read More »
The Fed goes into black-out mode ahead of next week’s FOMC meeting which will be a key meeting in that it will share updates of quarterly staff projections and forecasts from FOMC officials. The Bank of Canada announced Tuesday that it will keep its benchmark interest rate unchanged at 1%. The overnight lending rate has
Central Banks And Monetary Policy In The News Read More »
On Monday, investors on global markets didn’t really know which card to play. This uncertain trading pattern was also visible in the EUR/USD cross rate. After last week’s steep losses there was no additional news to push the pair sustained below the 1.3000 mark. On the other hand, we are also not impressed by yesterday’s
Economic Data From The US Confuses Everyone Read More »
Economic events scheduled for today 09:30 GBP CPI (YoY) 3.4% 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. 10:00 EUR CPI (YoY) 2.6% – 2.6% The Consumer
Market Review April 17 2012 Read More »
Economic events scheduled for today 08:15 CHF PPI (MoM) 0.5% – 0.8% The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation. 13:30 USD Core Retail Sales (MoM) 0.6% – 0.9% Core
Market Review April 16 2012 Read More »
This is a mid month week usually a quiet time for economic data. After last week’s Chinese and US data, the markets are looking for directions, but this week, will probably be all about Spain and Italy. News will take the center stage. Below is a quick listing of what to expect this week. Asia
Economic Data For the Upcoming Week Read More »
