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2013-04-02 06:00 GMT Spain will revised down its 2013 GDP forecast to -1.0%; Negotiating new deficit target Spain is discussing with the European union a new 2013 budget deficit target around 6% of the GDP, the current target is 4.5%, according to a Reuters information citing Spanish officials sources. The Spanish government needs to renegotiate […]
Forex Technical & Market Analysis: April 02 2013 Read More »
US markets closed higher yesterday, ignoring poor earnings reports and other economic data, after ECB President Draghi, in a prescheduled speech in London, said that the ECB would not sit idly by and allow the monetary union to collapse. He stated that the ECB has the mandate and the power to do so and that
FXCC Market Review July 27 2012 Read More »
The US markets ended mixed amid a slew of earnings news after moving mostly lower over the course of the three previous sessions. The mixed performance on Wall Street came as traders digested quarterly results from large companies, with disappointing news from Apple offset by upbeat results from companies such as Caterpillar and Boeing. Further,
FXCC Market Review July 26 2012 Read More »
European shares closed slightly lower Tuesday as poor manufacturing surveys and concerns Spain may need a full bailout weighed. U.S. Stocks quickly clawed back in the final hour of trading Tuesday but still ended lower, with the Dow logging its third-consecutive triple-digit loss, pressured by ongoing worries in the euro zone. Asian shares fell on
FXCC Market Review July 25 2012 Read More »
Wall Street numbers declined at the end of the week after the yield on Spanish government debt soared on news the country will spend next year in recession, wiping out a three-day rally in US markets. The Dow Jones closed off 0.93%, the S&P 500 index was down 1.01% while the Nasdaq Composite index was
FXCC Market Review July 23 2012 Read More »
Asian markets are trading on a mixed note owing to concerns of escalating Euro zone debt which is slowing the entire growth of the global economy. While on the other hand, unfavorable data from the US might prompt Federal Reserve of US to decide stimulus measures to boost growth in the economy. US Unemployment Claims
FXCC Market Review July 20 2012 Read More »
US stock markets climbed yesterday, July 18th, on surprising good news from Intel and followed by strong earning around the globe. US stocks gained on Wednesday, turbocharged by a rally in tech stocks and Federal Reserve Chairman Ben Bernanke’s comments, and undeterred by a slightly weaker Beige Book. Negative sentiment turned to optimism. European markets
FXCC Market Review July 19 2012 Read More »
NYSE ended in positive territory on Tuesday after markets initially pulled back on the first day of Federal Reserve chairman Ben Bernanke’s testimony to Congress but then recovered after he spoke about slow progress in the US economy and job market. Bernanke testifies the House Financial Services committee later in the global day today, 18
FXCC Market Review July 18 2012 Read More »
Wall Street traded lower as the S&P 500 and NASDAQ both posted negative returns. The catalyst was that US retail sales came in negative for a third consecutive month in June, implying that Q2 2012 GDP could be meaningfully impaired – and that Chairman Bernanke may sound rather dovish when he appears on Capitol Hill
Forex Trading Market Review July 17 2012 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
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