Market Reviews from FXCC – Daily reviews of all the news from the world of Currencies and Forex Precious Metals
Asia stock benchmarks fell Thursday, as hopes of fresh stimulus efforts from the U.S. diminished, and investors remained cautious ahead of key growth data from China on Friday on head of BOJ decision. On the economic front, there are no major data releases domestically and, from Germany whole sale inventory data which is expect to […]
Forex Trading Market Review July 12 2012 Read More »
U.S. stocks closed lower on Tuesday as worries about corporate earnings falling short of expectations unnerved investors. Disappointing expectations from Cummins (CMI, Fortune 500) also dragged on markets, as the engine maker’s stock fell 9% after it slashed its sales forecast for the year. The Dow Jones industrial average slid 83 points, or 0.7%, the
Forex Trading Market Review July 11 2012 Read More »
All major Asian equities are trading slightly lower today, after Chinese trade data shows exports as strong but imports surprisingly weak for the day; the weakness could continue in the Asian markets. The euro is trading at 1.2289 down by 0.20%, On the economic front today, we have the UK Industrial Production and Manufacturing Production
Forex Trading Market Review July 10 2012 Read More »
Christine Lagarde, MD of the International Monetary Fund is visiting Japan, said European leaders “have to implement, implement, implement” necessary reforms to reassure financial markets although it takes time. She also told a press conference that the Japanese yen has remained “moderately overvalued.” The comments came despite the agreement last week by European Union leaders
Forex Trading Market Review July 09 2012 Read More »
Ireland returned to public debt markets following an almost two-year absence after European leaders took steps to ease the financial burden of nations that received bailouts. The National Treasury Management Agency sold €500m of bills due in October at a yield of 1.80%, the first auction since September 2010, the Dublin- based. Fewer Americans filed
FXCC Market Review July 06 2012 Read More »
JPMorgan Chase & Co. the largest underwriter of corporate bonds worldwide, jumped eight spots to number two in Asia as Li Ka-shing’s Hutchison Whampoa Ltd. (13) picked the bank to manage its return to the market. European stocks fell from a two-month high and metals declined after Germany’s services industries unexpectedly shrank last month. The
FXCC Market Review July 05 2012 Read More »
Markets are trading fairly flat with Wall Street closed for the US holiday and the height of vacation season in the US and European participants tentative after the huge moves on Friday. EURUSD has crept back to the 1.25-1.26 range that it inhabited during the week leading into the EU summit. The Canadian dollar is
FXCC Market Review July 4 2012 Read More »
The US markets ended mixed after witnessing a lack of direction over the course of the trading day on Monday. The choppy trading on Wall Street came as traders expressed uncertainty about the near term outlook for the markets following last Friday’s rally. Light trading activity ahead of the Independence Day holiday also contributed to
FXCC Market Review July 3 2012 Read More »
European markets will be fixated on the aftermath of the EU Summit and how it plays out in key central bank decisions. The ECB is expected to cut by 25-50bps on Thursday, and the BoE is expected to increase the scale of its asset purchase program by £50B to £375B. Neither are shoe-ins, and are
Market Review July 2 2012 Read More »
The market may open on a firm note, tracking higher Asian shares. US futures have gained. Asian shares surged on Friday, 29 June 2012, after a late Thursday night meeting of European leaders came up with a plan for a single financial supervisory mechanism for the European region to help stabilize markets. European Commission President
Market Review June 29 2012 Read More »
