Market Reviews from FXCC – Daily reviews of all the news from the world of Currencies and Forex Precious Metals
Bonds continued their march to lower yields today. US 10’s now yield 1.56%, UK 10’s yield 1.56%, German 10’s yield 1.2%… and Spanish 10’s yield 6.5%. The extent to which European capital is cycling out of Spanish (and to a lesser extent Italian) paper and into German paper is extreme. German bonds that traded with […]
Market Review June 1 2012 Read More »
The deepening euro crisis is hurting Asian stocks as they head for their worst monthly performance since late 2008. The euro has also fallen below $1.24 levels, forcing Asian currencies to also pare losses against the greenback. The SGX Nifty is trading lower by 43 points, tracking other peers. On the Economic front, we have
Market Review May 31 2012 Read More »
Equities traded higher today, with US and Canadian markets rallying on news that China might undertake meaningful fiscal stimulus. While industrial metals stocks rallied with the base metals complex, gold stocks fell by 2.4% and gold fell 1.7%. Industrial companies led the way in the US, with the Industrial Engineering subsector appreciating 1.9% while the
Market Review May 30 2012 Read More »
On Tuesday morning, we are witnessing a lackluster trading session in Asian stocks, as most of them pare slight gains barring Japan. With the US closed yesterday, no major leads were given to the Asian markets. The gains are being restricted as investors are still wary of the Spanish debt crisis. On the Economic front,
Market Review May 29 2012 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
Market Review May 28 2012 Read More »
Equity markets were mixed today, with Asian indices trading lower following the release of a weak Chinese PMI, European markets bouncing back from yesterday’s swoon (despite weak PMI data that showed manufacturing contraction throughout the continent – including Germany), and North American markets essentially flat. Today’s action was focused on currency markets, with the euro
Market Review May 25 2012 Read More »
US markets displayed a notable move to the downside in morning trading on Wednesday due to continued worries about the financial situation in Europe, which came as European leaders held a closely watched summit in Brussels. However, stocks staged a significant recovery over the latter part of the trading day which was attributed to reports
Market Review May 24 2012 Read More »
Concerns over Greece’s exit from the Euro Zone have come to the surface again and this has deteriorated risk appetite among investors. Although the Group of Eight (G8) leaders affirmed Greece’s status in the Euro Zone, former Greek Prime Minister Lucas Papademos id that the country is preparing to leave the 17-nation Euro Zone. Even
Market Review May 23 2012 Read More »
In the last session all leading American indices like Dow Jones Industrial Average, NASDAQ index and the S&P 500 (SPX) ended in green. Dow was up by 1.09% and closed at 12504; S&P 500 was gained by 1.60% at 1316. European indices ended mixed. FTSE was down by 0.64%, DAX was gained by 0.95% &
Market Review May 22 2012 Read More »
While there are significant forms of data risk in European economies this week, the prime market risk will continue to be represented by Greek worries. To that effect, following this weekend’s G8 meeting at Camp David, expect the risk of more detailed thoughts on how Germany and might stimulate growth agendas in Greece and perhaps
Market Review May 21 2012 Read More »
