Between the lines

On Tuesday, sterling traders initially didn’t really know which way to go. Sentiment on the single currency remained fragile, but the news flow from the UK was also not really supportive for sterling. The EUR/GBP cross rate hovered in a tight range roughly between 0.8100 and 0.8080, early in Europe. There was some volatility after […]

Singapore’s stock exchange approved Formula One’s plan to raise as much as USD3 bn in an initial public offering in the city-state. The people asked not to be identified because the information is private. Loh Wei Ling. Formula One’s IPO may be Singapore’s largest since February 2011, according to data compiled by Bloomberg, helping it

This week’s main US economic data release will be durable goods orders for April on May 24. The report will shed light on the extent of the auto rebound in the US — and whether it has sustained itself going into Q2. Economic activity surrounding cars was the saving grace for Q1 GDP, responsible for

Sentiment on risk remained fragile and EUR/GBP tested offers just in 0.8000 areas in thin Asian trading conditions. Nevertheless, as was the case several times of late the euro tried to move away from the lows and EUR/GBP joined this move. Usually the UK PPI is not a market mover. Produces price came out below

The euro dollar recovered from yesterday’s low of $1.2955, its lowest price since January 25, hit after an anti-austerity backlash by voters in Greece and France caused worries across markets as the defeat of incumbents raised fears that Europe’s collective efforts to resolve the euro zone’s debt crisis may falter. The euro eased 0.2 percent

Treasury Secretary Timothy Geithner was speaking at the annual Strategic and Economic Dialogue, which has been upstaged by the case of blind Chinese activist Chen Guangcheng who on Wednesday left the US embassy where he had sought refuge after fleeing house arrest last week. The Obama Administration had hoped to showcase small signs of progress

The April FOMC statement differed only in a few, mostly unimportant details from the March one and contained no hint whatsoever of a change in policy. The Committee was slightly more optimistic on the economic outlook and was marginally more attentive to inflation, but at the same time upped its guard about the downside risks

Gold may gain for a second day after better-than-forecast company earnings and signs the U.S. economy is improving drove global equities higher. Spot gold was little changed at $1,641.95 an ounce at 9:39 a.m. in Singapore after climbing 0.2 percent yesterday as the dollar dropped to a three-week low against a six currency basket including

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