At the end of the week The Great British Pound proved was the star performer. The EUR/GBP didn’t set a new correction low (contrary to what happened in EUR/USD) and even gained a few ticks from the reaction low. On Friday morning, expectations were for more consolidation as there was no high profile news on
Is the Great British Pound Still Great Read More »
On this first day of a new week, in the middle of the month, markets are expected to be fairly quiet; base metals are trading down by nearly 0.5 percent at LME electronic platform. The Asian equities are also trading mixed with the Chinese markets mostly edging down the negative territory. Due to “Marine Day”
Monday Morning Gold Kickoff Read More »
After a see-saw moves yesterday, gold futures prices have now changed a little towards a positive note in electronic trading. The market is having a difficult time with economic releases which are not resilient enough for a sustainable retrieval; they are also not weak enough to call for additional stimulus according to the Fed officials.
Gold and Silver After Chinese Data Read More »
U.S. stocks ended mixed for the week, reversing losses on the final day of the week, as rally in JPMorgan Chase & Co. and speculation China shall boost stimulus measures tempered concerns about earnings and the global economy. JPMorgan jumped for the week as Chief Executive Officer Jamie Dimon said that the bank will probably
Global Market Review Read More »
Today, the market calendar remains unexciting. All the market excitement was in the Asian markets early this morning, with Chinese GDP and Industrial Production all in line with forecast except for a high print on retails sales. The surprise was a drop in Japanese industrial production reporting well under forecast. The rest of the day
After the Chinese GDP what is left of Interest Read More »
Markets are adding risk back into their portfolio on relief that China’s economic data releases were not as bad as the whisper but also on the hope that they were bad enough to increase both monetary and fiscal stimulus. Moody’s downgrade of Italy from A3 to Baa2, outlook negative, has had limited market impact. In
Forex Trading Market Review July 16 2012 Read More »
Concerns about a slowing global economy prompted investors to seek safety on Thursday, driving the dollar and yen sharply higher and the euro to a two-year low against the U.S. currency. South Korea’s surprise rate cut on Thursday, following Brazil’s 50 basis point rate cut on Wednesday evening, as well as an unexpected drop in
Forex Trading Market Review July 13 2012 Read More »
Asia stock benchmarks fell Thursday, as hopes of fresh stimulus efforts from the U.S. diminished, and investors remained cautious ahead of key growth data from China on Friday on head of BOJ decision. On the economic front, there are no major data releases domestically and, from Germany whole sale inventory data which is expect to
Forex Trading Market Review July 12 2012 Read More »
Forex News: After July 6’s announcement of poor NFP figures, the USD has continuously gained and is currently being considered as a currency that is safe as of the moment. However, this does not exclude the currency from all the risks that can occur within the ongoing week. According to expert analysis, there are two
Forex News: USD Risks Based on July 9 to July 13 Events Read More »
Forex News: The members of the European Union are still holding on to the strong image constantly being projected by Euro despite the crisis. According to the July 10 European Central Bank (ECB) statement, the euro has been successful enough to remain unaffected and untarnished by the euro zone debt crisis. However, the euro zone
Forex News: Euro Maintains Strong Image Despite Crisis Read More »
