On Monday, investors on global markets didn’t really know which card to play. This uncertain trading pattern was also visible in the EUR/USD cross rate. After last week’s steep losses there was no additional news to push the pair sustained below the 1.3000 mark. On the other hand, we are also not impressed by yesterday’s […]
Economic Data From The US Confuses Everyone Read More »
Economic events scheduled for today 03:00 – CNY – Chinese Fixed Asset Investment Chinese Fixed Asset Investment measures the change in the total spending on non-rural capital investments such as factories, roads, power grids, and property. 03:00 – CNY – Chinese GDP (YoY) Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all
Market Review April 13 2012 Read More »
Gold ended up in late day trading yesterday, with investors continuing to seek a safe haven in the precious metal amid weakness in U.S. and global equity markets. As renewed concerns over the eurozone debt problems resurfaced with yields soaring in bond auctions in Italy and Spain. Investors started to worry if the newly approved
Why Did Gold Surge Yesterday Read More »
Economic events scheduled for today 02:30 | AUD Home Loans (MoM) | -3.5% -1.2% Home Loans record the change in the number of new loans granted for owner-occupied homes. It is a leading indicator of demand in the housing market. 13:15 | CAD Housing Starts | 200K 201K Housing starts measures the change in
Market Review April 11 2012 Read More »
Remember April 6, 2012 is a holiday and most markets are closed. The US will release the Non Farms Payroll report on Friday. Many markets are closed on Monday also. Trading volume will be light today and on Monday. Euro Dollar USD- U.S. Non-Farm Payrolls and Employment Situation, the main indicator of U.S. economic health
Market Review April 5 2012 Read More »
As I research each day, I copy or jot down items that I find about currencies, economic indicators, reports and news, so at the end of the day when I have to start to do my fundamental analysis for each of the major currency pairs and several commodities I have easy access to the material
Notes From My Desk April 4 2012 Read More »
As the Easter Holiday comes closer, volumes will start to quiet down. This year the Easter Good Friday Holiday coincides with a major Jewish holiday, which means volume will be at an all time low. On Friday the US will release the Non Farms Payroll Report, although most markets will be closed. Mainland Chinese bourses,
Markets Get Weird As The Holidays Approach Read More »
European share markets have closed lower, with investors hesitant after recent gains on concerns over China and the eurozone and data showed the British economy in worse shape than first thought. The British economy contracted 0.3% in the final three months of 2011 compared to the previous quarter, the U.K. Office for National Statistics reported
US And EU Markets End The Day Down Read More »
