Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
Gold witnessed a mixed movement in yesterday’s trade and eventually closed in the red. Prices on the Comex June contract slipped 0.2 percent to $1588/oz despite dollar weakness and increased risk appetite. Movement in gold on Monday shows that investors remain cautious over prospects of sharp increase in prices in the near-term. With prices closing […]
Gold And Crude Oil Review Read More »
A Little Of This And A Little Of That From Financial Markets Around The Globe Commodities and equities took a breather and were seen recuperating from the recent slump though persistent worries over euro zone debt crisis and political uncertainty in Greece made investors remain guarded. Rebound in euro from a four month low levels
A Little Of This And A Little Of That Read More »
Today, Mr. Hollande will officially become the next French president. He will then announce his government. While it will only be a temporary government for up to one month until the French Deputy elections it will nonetheless send a message regarding the direction of French economic policy and its relationship with the European project for
What We Can Expect From French President Hollande Read More »
As the week starts, commodity markets continue to remain in despair and lingering in the broader weakness. Continuing political unrest in Greece, concerns over Spain’s banking sector and news of US bank giant JP Morgan’s $2bn losses reignited weak sentiments in all commodities. Increasing the possibility of a new election in Greece worsened the crisis
Negative Market Sentiment Grows Read More »
Today, the economic calendar is rather thin with only the euro zone industrial production data and final figure of Italian CPI inflation. Euro area Finance Ministers meet in Brussels and Spain (12/18 month T-Bills), Germany (Bubills) and Italy (BTPs) will tap the market. In the euro area, industrial production is forecast to have risen for
Economic Calendar Events And Bond Auctions May 14 2012 Read More »
The US trade deficit widened in March to $51.8 billion, the Commerce Department reported. The trade deficit was above the consensus forecast of Wall Street economists of a deficit of $50 billion. Economists had expected the deficit to snap back, believing that imports were held down in February due to the timing of the Chinese
A Look At The Global Markets Read More »
Today, there are again few important eco data on the calendar in Europe. In the US, the import prices, the March trade data and the jobless claims will be published. The jobless claims have most market moving potential. A better figure might be slightly supportive for the dollar. However, the focus will stay on Europe.
A Close Look At The Eurozone Read More »
Yesterday, there was very little to tell on the price action in the EUR/GBP cross rate with little eco data coming off of a holiday on Monday. The pair remained in a narrow range roughly between 0.8050/75. The below consensus BRC shop price report and RICS house price balance were ignored. Uncertainty on the situation
The GBP vs. the USD and the EUR Read More »
The Labour Department said Friday that the economy added just 115,000 jobs in April. Economists had expected a gain of 163,000. The unemployment rate fell to 8.1 percent in April from 8.2 percent in March, but mostly because more people gave up looking for work. Traders tend to buy the dollar and the yen, two
Investors Find Silver Lining in Negative Jobs Data Read More »
The fact that the European Central Bank didn”t change its key interest rates or announce any new policy initiatives yesterday came as little surprise to financial markets. Neither were there any dramatic changes in the tone of comments made by ECB President Mario Draghi at the monthly press conference that followed today’s Council meeting of
Subtle Shifts In ECB Thinking Read More »
