The British pound received a slight boost against the dollar and euro on Tuesday after UK inflation data showed an increase to a nine-month high in February . GBPUSD hit an intraday high of $1.5143 and EURGBP fell to 0.8551. Markets saw this rise in inflation as reason that the Bank of England may shy […]
Currency markets were calmer today with most currency pairs consolidating in yesterday’s ranges after a shock sell-off early Monday ignited by renewed euro zone debt crisis concerns. The bias is will for a stronger dollar which was supported by stronger US new home construction data today. New building permits were given to start construction on […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets slip back as Cyprus vote delayed againMorning Report: 08.30 London • Markets made a good stab at recovering some of yesterday’s losses, but momentum is stalling this morning. The parliamentary vote on the bank […]
FOREX Daily Outlook by Easy-Forex.com 19th March 2013 Euro tumbles after depositors hit by Cyprus bail-out The euro (EUR) dropped 150 pips against the US dollar (USD) opening at 1.2950 in the Asian session. The pair continues to slide moving below 1.2890 as European markets near opening time. The move comes after Friday night’s […]
Yen extended losses in Tuesday’s Asian session as risk aversion subsided as concerns over the euro zone that flared up on Monday are easing. Dollar-yen and other yen crosses continued to retrace from spike lows early in Asia yesterday. USDJPY climbed to a session high of 95.72 yen, up 0.4 percent in the session and […]
Data from the US showing confidence amongst home builders fell in March as there are expectations of sales of single-family homes to drop. A survey by the National Association of Home Builders (NAHB) reported a decline to 44 points in the index, the lowest level since October. This was a second straight monthly drop from […]
The latest daily video report from easyforex.com, includes all the latest fx market moving news and pairs to watch in the forex markets. Related Posts:Weekly Forex Outlook: 12/04/2024 – More inflation data on… April 12, 2024 CPI numbers due in the UK and Japan. China to also…Video market update for April 11, 2024 April 11, 2024 […]
March 18th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened sharply lower this morning, as investors reacted negatively to a surprise bailout agreement for Cyprus which forced depositors in Cypriot banks to pay a one-time tax on their savings. Meanwhile, Bank of England policy maker Ian McCafferty, in an interview […]
The overall volume of trading and the amount of active traders in a market at any given time is called liquidity. When it comes to the foreign exchange market it […] The post Liquidity in the Forex Market – How Does it Work? appeared first on | HY Markets Official blog. Source: HY Markets News […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro slumps, but off lows following Cypress bank levyMorning Report: 08.30 London • The euro dropped like a stone at the start of the Asian session on news that Cypress is to levy a deposit […]
After marathon talks at the Eurogroup meeting in Brussels that began on Friday, EU finance ministers reached a deal in early hours on Saturday morning on a bailout for Cyprus, the fifth euro zone member to require financial aid. International lenders agreed on a 10 billion euro aid package to help restructure the banking system […]
Dollar positions were unwound today, with many investors taking the opportunity for profit-taking ahead of the weekend after a sharp rally this week. Meanwhile a raft of US economic data during the New York session led to a dollar sell-off. CPI data showed US inflation is contained, giving the Federal Reserve scope to maintain its […]
The following are highlights of comments made by German Chancellor Angela Merkel at the EU leader summit in Brussels on Friday on Cyprus and comments by European Council President Herman Von Rompuy on Syria: German Chancellor Angela Merkel on possibility of Cyprus bailout: “If you consider that at a certain point in time, Cyprus could […]
Read the Daily Market Report from Dave Evans, Professional Trader Pound extends rally on King comments Morning Report: 08.30 London • Financial markets have been positive overnight as Asian markets reacted to better than expected US unemployment claims. As we enter the European session, markets […]
The latest daily video report from easyforex.com, includes all the latest fx market moving news and pairs to watch in the forex markets. Related Posts:Weekly Forex Outlook: 12/04/2024 – More inflation data on… April 12, 2024 CPI numbers due in the UK and Japan. China to also…Video market update for April 11, 2024 April 11, 2024 […]
Sterling was the biggest mover in Friday’s European Session, extending gains for the second day after being boosted by comments from the Bank of England governor. Mervyn King said that MPC policy makers aren’t trying to weaken the currency and he believes the decline had gone far enough. Recovery is finally “in sight” for Britain’s […]
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March 14th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened slightly lower this morning, as investors eyed the outcome of the EU summit in Brussels where a multibillion-euro bailout for Cyprus would be high on the agenda. However, losses were kept in check as investors speculated that another batch of […]
The yen was weaker in the Asian session on Friday as a result of the appointment of Haruhiko Kuroda as the new governor of the Bank of Japan. Kuroda is expected to push for more monetary stimulus to boost growth in the sluggish Japanese economy. Expectations that the new BOJ leadership will accommodate reflationary policies […]
The euro moved off a three-month low against the dollar in Thursday’s US trading session. However the euro remains vulnerable as political uncertainty in Italy and a likely bailout for Cyprus should keep it under pressure. Meanwhile, market focus is also in a two-day EU Summit in Brussels, where budget policies are to be discussed. […]
Dollar maintained strength against most major counterparts after being boosted by strong US retail sales and jobs data recently. With little else in terms of fundamentals to lift risk currencies, the greenback is in demand. There is strong optimism that the US economic recovery is gaining momentum. The ICE dollar index hit the highest in […]
Read the Daily Market Report from Dave Evans, Professional Trader Aussie pushes higher as Dow hits best streak for 16 yearsMorning Report: 08.30 London • Last night the Dow Jones closed higher for its ninth straight session, something that hasn’t happened in 16 years. The […]
Since we’ve found ourselves in economic turmoil starting from the so-called Great Recession, an obscure monetary tool like quantitative has entered mainstream awareness. Yet the unique features of our current […] The post What is Quantitative Easing? – A Brief Explanation appeared first on | HY Markets Official blog. Source: HY Markets News Related Posts:Overview […]
March 14th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened higher this morning, following upbeat US retail sales and as investors await fresh cues ahead of a two-day EU summit in Brussels. Meanwhile, the Bank of England published its first quarterly bulletin of 2013, including a chapter on how its […]
The latest daily video report from easyforex.com, includes all the latest fx market moving news and pairs to watch in the forex markets. Related Posts:Video market update for April 08, 2024 April 8, 2024 Potential for the breakout on the USD/JPY…. The material has…Market Comment – Stocks climb after sizzling US jobs report April 8, […]
The Australian dollar surged to the highest level in over a month against the US dollar in early Thursday trading after being boosted by a strong employment report. Data showed that 71,500 jobs were added to the Australian economy in February, which was a huge jump and the biggest rise in total employment in more […]
The Australian and New Zealand dollars were the biggest movers in the Asian session on Thursday. The aussie surged to a five-week high against the dollar after strong employment data showed more jobs were added to the Australian economy than forecast. This led investors to believe that the strong data will make it less likely […]
The dollar rallied to the strongest level in three-months against the euro in Wednesday’s US trading session after strong US retail sales data gave optimism over the recovery of the world’s largest economy. Retail sales increased more-than-expected to 1.1 percent, the largest monthly rise since September. The improving US economy is in contrast to the […]
The dollar surged against the yen and euro after much better-than-expected retail sales numbers from the US. Sales rose by the most in five months thanks to an improved labour market and stronger household finances. February sales were reported up a very solid 1.1 percent, beating the consensus expectation of a 0.5 percent increase and […]
European stock pared session losses though the FTSE100 in London fell on sliding mining stocks hurt by softer commodity prices. In Europe, Italy’s bond yields rose after a poor bond auction — the 10-year rose over 10 basis points in reaction while the FTSE MIB in Milan underperformed the wider European stock market. The euro […]
