You are here: Home > Forex > ETX Capital Daily Market Bite, 13th September 2013: European Stocks Display Nerves; Eyes On Data
ETX Capital Daily Market Bite, 13th September 2013: European Stocks Display Nerves; Eyes On Data
September 13, 2013 11:38 amVideo
Latest News
- Weekly Technical Outlook: 08/05/2024 – USDJPY, GBPUSD, USDCAD May 8, 2024
- Technical Analysis – Gold stands above 2,300 May 8, 2024
- Trading plan for GBP/USD on May 8. Simple tips for beginners May 8, 2024
- Trading plan for EUR/USD on May 8. Simple tips for beginners May 8, 2024
- Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Wednesday May 08, 2024. May 8, 2024
- Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday May 08, 2024. May 8, 2024
- Forecast for EUR/USD on May 8, 2024 May 8, 2024
- Forecast for GBP/USD on May 8, 2024 May 8, 2024
- Forecast for AUD/USD on May 8, 2024 May 8, 2024
- Outlook for GBP/USD on May 8. The pound has stopped rising, but the Bank of England meeting could change that May 8, 2024
- Outlook for EUR/USD on May 8. Another boring day May 8, 2024
- The Fed is discussing the possibility of another rate hike May 8, 2024
- You can’t scare the euro May 8, 2024
- Technical Analysis – AUDUSD stays trapped below spring’s border May 7, 2024
- Analysis of GBP/USD pair on May 7th. The market fluctuates, and the British currency holds steady May 7, 2024
- Analysis of EUR/USD pair on May 7th. The market sleeps and awaits important messages May 7, 2024
- Trading Signals for BITCOIN (BTC/USD) for May 7-9, 2024: sell below $64,000 (200 EMA – 5/8 Murray) May 7, 2024
- Video market update for May 07, 2024 May 7, 2024
- USD/JPY: Simple trading tips for novice traders on May 7th (US session) May 7, 2024
- GBP/USD: Simple trading tips for novice traders on May 7th (US session) May 7, 2024
September 12th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
So the Fed taper fears driving the dull price-action in European financial markets Friday; stocks range bound on the soft side, US dollar winning versus rivals, core government bonds in favour, commodities get a beat down, particularly gold which is off around 19 bucks. Asian markets were downbeat overnight, weighing on the European markets.
Reports in the Japanese press that President Obama is set to name Lawrence Summers as next Fed head next week after the FOMC policy meeting. Summers is likely to be for tighter monetary policies so the instant reaction across markets was a US dollar victory and a gold smack down. With no release of major domestic economic data during the day, investors look ahead to the Eurozone Finance Ministers’ meeting, commencing today, to gauge the strength in Eurozone economic growth.
Attention also is on US market open for more direction; both the DJIA and S&P indicating a flat open. We have jobless claims and retail sales due soon; two indicators which will undoubtedly be used as gauges to of course get ahead of the Fed next week. As we move closer to the Fed’s meeting, the market is likely to display increase in hesitancy, particularly risk assets.
Visit http://www.etxcapital.co.uk/
Find us on social media to be kept up to date with the latest ETX Capital news:
Facebook: https://www.facebook.com/#!/ETXCapitalGroup
Twitter: https://twitter.com/#!/etxcapital
LinkedIn: http://www.linkedin.com/company/445425?trk=tyah
ETX Capital’s RSS site: http://my.etxcapital.co.uk/
Related Posts: