Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
The Spanish bank bail-out agreement reached over the weekend didn’t really ease fears over the ongoing euro crisis less than a week from all-important Greek elections. On the contrary, the relief rally was over when the market started trading in Europe. No more details became available via comments of policymakers. Global core bonds gradually erased […]
Investors Fears and Worries Remain Read More »
Crude oil futures prices are trading above $86/bbl in electronic platform with gain of more than 2 percent. Oil prices have gained on speculation of higher oil demand from European countries as Spain have requested for bailout to shore up its banks. Spain finance minister have told that it will seek $125 billion. The impact
Crude Oil and Natural Gas Expectations Read More »
Currently oil futures prices are hovering below $83.50/bbl with loss of more than 1 percent in electronic trading. Most of the Asian stocks have headed for a downside trend in lieu of Bernanke statement given on yesterday. A plunge in global financial market was witnessed after hope of further monetary stimulus became vein as Fed
Oil and Natural Gas continue to decline Read More »
As the week culminates, commodities and shares fell on growing fears over Chinese and the Euro Zone economy and as hopes of another round of quantitative easing faded. In his testimony yesterday, the US Fed Chairman Bernanke said that the central bank is ready to act to revive the economy but provided little cues on
The World View as European Markets Close for the 1st Week of June Read More »
Chinese equities gained the most in a week after the government signaled it will delay tightening bank capital rules and investors speculated monetary policy would be eased to prevent Europe’s debt crisis from harming the economy. Further China’s biggest auto-dealer association, asked Car producers to scale back their sales targets or sweeten incentives as the
Central Banks and Crude Oil Read More »
Yesterday morning, the USD/JPY cross rate came under moderate pressure as the decline of EUR/USD and EUR/JPY weighed on the headline pair. USD/JPY reached an intraday low at 78.11 early Europe and settled slightly above that level during the morning session in Europe. In the afternoon trade, the yen ‘enjoyed’ quite a substantial setback on
A peak at the Sterling and the Yen Read More »
During this morning’s session crude oil futures prices are trading above $84.73/bbl in electronic trading. Most of the Asian equities are up near 1 percent on speculation of positive expectation from ease of debt crisis in Euro-zone. Most importantly, market will be eyeing on G-7 meet, where sign of heightened global alarm about strains in
Crude Oil and the current EU Crisis Read More »
During early Asian session crude oil futures prices are hovering below $86.20/bbl with fall of more than 0.30 percent in electronic platform. Oil price are under pressure on concern from major oil consuming nation like China. PMI manufacturing index for the month of May declined more than estimates and prior month levels. Likewise, contraction in
Crude Oil kicks of June Read More »
Gold traded little changed after bouncing from a key support level at $1,530 announce in the previous session, as investors remained focused on Spain’s struggle with its finances and frail banking sector. Spot gold lost more than 6 percent on the month. Spot Gold is currently trading at $1561.60. Comex Silver is currently trading at
Energy and Metal Review Read More »
Much of the risk tone facing world markets will be set by the US economy. For the most part this will only happen toward the end of the week not only because US markets are closed for Memorial Day on Monday but also because a series of key reports will be released on Friday that
Whats in Store for the End Market as May Ends Read More »
