Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
So which comes first? Jobs or home sales? Purchase contracts to purchase previously owned homes in America, unexpectedly dropped last month, suggesting a loss of momentum in the housing market after recent signs of improvement. The National Association of Realtors (NAR) reported its Pending Home Sales Index, based on contracts signed in the prior, dipped […]
It's The Chicken And Egg Story Read More »
In recent years, we have witnessed the price of gasoline at the pumps diverging from its direct association to the price of oil. We also have witnessed the same with interest rates. In the US, most mortgages, personal loans, credit cards and consumer credit were tied to the Federal Reserve rates, but no longer. When
What Happens With The Price Of Crude Oil Separates From Supply And Demand Read More »
The recent reports released by the Australian government showed a reduced demand for the 4th quarter of 2011 and into 2012. Taking a broader perspective, although Australian growth outcomes have been better than most other advanced nations, Australian growth has still been stuck at a sub-trend pace for four years. Given the persistent weakness in
Australia Looks To RBA To Reduce Rates Read More »
German bonds had a second consecutive positive session on the back of bad EMU eco data whereas US bonds booked small gains. In a risk off sentiment, equities corrected further off the highs, commodities were dropped and on intra-EMU bond markets, spreads widened for a third straight day. Losses in EUR/USD were limited but will
Eurozone Reacts To Poor PMI Read More »
Negative sentiment returned to financial markets as the world slept with investors worried that the European heartland is now at risk of tumbling into recession. The flash PMI estimates for China, France, Germany and the wider Eurozone are published in quick succession on yesterday. Previously, the Markit Eurozone Composite PMI signalled a renewed contraction in
Negative Sentiment Returned To Financial Markets As The World Slept Read More »
Citigroup economist Willem Buiter, warned that Spain may be forced to follow the lead of the Greeks as it is crippled by debt burden. “Spain is the key country about which I’m most worried,” Buiter said in a report in Bloomberg. “It’s really moved to the wrong side of the spectrum and is now at
Get Out Of The Way Greece, Its Spain's Turn In The Spotlight Read More »
Crude Oil prices have moved up again today, as supply worries persist despite Saudi Arabia’s promise to raise daily output by a quarter to full capacity if necessary. West Texas and Brent crude both dropped by 2 per cent yesterday after the world’s top oil exporter said available supply was well above demand and current
Crude Oil Continues To Rise Read More »
The answer isn’t price, the price is right; the answer is ”Risk”. We have spent the last 4½ years getting a salutary lesson in risk and its consequences, including volatility, uncertainty, insecurity, fear, smashed expectations, lost time and ultimately, all that really matters, capital losses. We are fed up with losing money basically. Even with
It’s Time for a Run on the Markets, so What's Holding us Back? Read More »
U.K inflation may be slightly higher this year and next than the Bank of England forecast last month, due to the threat of higher oil prices and weak productivity growth, BoE chief economist Spencer Dale remarked today. The Bank needs to keep a close eye on whether the long-term unemployed dropped out of the job
Britain On The Mend Says BoE Read More »
Saudi Arabia, the world’s largest oil producer, said it would work alone and in cooperation with other producers to ensure adequate global supplies of crude oil, market stability and fair prices, Dow Jones Newswires reported. Traders also stressed over news China have raised pump prices for diesel and gasoline, seen as leading to higher crude
Crude Falls On Tuesday Trading Read More »
