The dollar found itself under pressure against the euro and the pound in today’s trading, ahead of the testimony of new Federal Reserve Chair Janet Yellen before select committees of the US congress. The euro gained 0.11% to trade at 1.3659 against the dollar while the pound was up 0.10% at 1.6417. Trading conditions were […]
European markets have opened higher today, as investors await the first testimony to US lawmakers by Janet Yellen, the new chair of the US Federal Reserve, to get clearer views on how committed she is to wind down the Fed’s quantitative easing. Earlier today, the British Retail Consortium (BRC) reported that, on an annual basis, […]
February 10, 2014 – Indices News Asian markets moved upward today despite worse than expected Nonfarm Payrolls data on Friday. Though th ata was by no means positive, investings feel that the Fed will hold off on further tapering if there is any sign that the recovery is in jeopardy. As the US is one […]
Hello eTorians!! Another important weeek of trading ended last Friday and, as every first week of the month, it was an NFP Friday. The Non Farm Payroll data is probably one of the most influential economic data on all the markets. THis time the data was not so good: 113 k versus 185 expected and […]
CRUDE OIL: With Crude Oil strengthening for a third week in a row the past week, further upside is envisaged in the new week. This development leaves it targeting further upside towards the 100.74 level, its Dec 27 2013 high. A cut through here will pave the way for a run at the 101.50 level […]
February 10, 2014 – Stock Market News Today’s Hot Asset – McDonald’s Stocks in the U.S. have opened the day trading mixed to lower. Investors within the region are anxious as they wait for Janet Yellen’s testimony on the monetary stimulus which will be released tomorrow. Investors within the region will be deliberating throughout the […]
Good evening and good week eTorians!! How are you doing? How did you close the week after the NFP? We all saw it, We had a prediction of 180k works, and US economy only managed to bring 113k. You can blame it on whatever you want, (many say the weather was an important factor), but […]
What is the power of a social network? Thousands of years of human evolution has lead us to this, but it hasn’t really been around long enough for us to fully understand it. Basically, many minds coming together either for fun or to increase productivity. In the old days, decisions were always made in a […]
(click to enlarge) Japan has historically been an economy that produces huge trade surpluses and therefore enjoys current account surpluses. This in turn has allowed the government and businesses in Japan to enjoy very low interest rates because of the excess savings of Japanese households. However, during December of 2013, the country registered its worst […]
The economic calendar was light on Monday, giving currency markets the chance to focus on key risk events coming up later in the week. Investors will particularly be interested in Yellen’s first semi-annual Humphrey-Hawkins testimony in front of the House Financial Services Committee and thus moved their focus away from Friday’s soft payrolls report. Investors […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Dollar higher amid strong recovery signs – 31 January 2014 Written by the easy-forex team Currencies A stronger dollar pushed the euro (EUR) lower as the pair moved below 1.3543 in early trading. The single currency may come under stress today as Eurozone price data […]
West Texas Intermediate crude (WTI) traded near $100 a barrel on Monday, dragged lower by the decline in US non-farm payrolls and speculation the Federal Reserve could slowdown the pace of reducing its monthly bond purchases. WTI crude for March delivery dropped 0.36% to $99.53 a barrel on the New York Mercantile Exchange at the […]
Gold prices were seen trading higher on the first day of the trading week, driven by speculation that the Federal Reserve (Fed) could slowdown scaling back its easing policy and the release of the US jobs data which missed estimates. Bullion for April delivery were seen higher for the second straight session, rising 0.60% higher […]
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:Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin… April 18, 2024 We introduce you to the daily updated section of Forex…Video market update for April 18, 2024 April 18, 2024 Potential […]
Markets slip back after positive Friday Morning Report: 08.45 London • Risk markets are mixed this morning as equities hold on to Friday’s gains, while the main risk-on FX pairs are on the back foot. • The AUD/JPY is down 0.60%, with the AUD/USD off by 0.38%. […]
February 10th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, taking cues from a healthy rally on the Wall Street on Friday despite mixed jobs report. Closer home, accounting firm BDO reported that its index, measuring optimism among British businesses, hit its highest level for 22 years in […]
February 10, 2014 – Forex News Hot asset for today: EUR/USD The EUR/USD reacted quite unexpectedly to the disappointing Non-farm payrolls. The price first jumped up as expected and within 10 minutes started to range. If we look back to Thursday we could speculate that the result was priced in once the pre- Non-farm payrolls […]
February 10, 2014 – Commodities News Hot Asset For Today: Crude Oil WTI The price of Gold has been moving up as the mood on the market changed after Friday’s Non-farm payrolls. Some traders are afraid that Fed might stop its tapering of monetary stimulus as the labour market showed two times in a row […]
On a daily basis IronFX Head of Global FX strategy Marshall Gittler comments on the world economies and speaks about the forex calendar of economic announcements. Join us for more technical and fundamental analysis: http://www.ironfx.com To get the latest Forex trading news you should: • Like us on Facebook: https://www.facebook.com/IronFX • Follow us on Twitter: […]
February 10, 2014 – Daily Market News Today’s Hot Assets: WTI, Gold, CAD Friday’s Nonfarm Payroll report again came out lower than predicted showing that only 113,000 jobs were created during the month of January. However, the Unemployment Rate improved and declined to 6.6% which is the lowest rate since 2008. This painted a picture […]
February 10, 2014 – Forex News Hot asset for today: EUR/USD The EUR/USD reacted quite unexpectedly on the disappointing Non-farm payrolls. The price first jumped up as expected on bad data and within 10 minutes started to range. If we look back to Thursday we saw that the actual price in was already made once […]
USDJPY looks bearish on the daily chart as the pair has been carving out lower peaks and lower troughs since the beginning of 2014. After retracing 50% of the up-leg from the October 25 low (96.93) to the January 2 high (105.43), the pair rebounded off lows of 100.74 to reach the 38.2% Fibonacci retracement […]
The Australian dollar stayed higher after its biggest weekly progress in five months, prior to the local data this week that may display home prices ascended as to a record and employment advanced. Yields on the nation’s three-year government notes reached a one-month high last week as the Reserve Bank of Australia (RBA) increased its […]
Despite investors’ bet the US Federal Reserve will keep on reducing its stimulus, the US dollar touched the highest level in more than a week versus the Japanese yen. Fed Chairman Janet Yellen will give her first semi-annual report about the US monetary policy and the economy tomorrow. Yellen will speak before Congress tomorrow for […]
Asian markets generated fenced gains on Monday, encouraged the Wall Street was able to endure a seemingly disappointing US jobs data, although there is more than enough event risk before to keep investors alert. The new US Federal Reserve Chairman Janet Yellen will give her first report to the US Congress on Tuesday and the […]
Gold futures accelerated on Monday as Chinese investors resumed a full week of trading, following their Lunar New Year holiday that kept them out most of last week. Gold to be delivered in April gained $5.80 (or 0.5%), to $1,268.70 per ounce. March silver nailed 7 cents (or 0.4%), to $20.01 per ounce. “The reopen […]
China’s central bank indicated that volatility in money-market interest rates will persist and borrowing costs will surge, underscoring the risk of defaults that could weigh on confidence and drag down growth. “When the valve of liquidity starts to tame and curb excessive credit expansion, money-market rates, or the cost of liquidity, will reflect that,” the […]
Sony Corp.’s latest earnings disappointment held a silver lining: the company’s willingness to entertain some of activist investor Daniel Loeb’s suggestions. And it may be just the start. The Tokyo-based firm projected a $1.1 billion annual loss as it sells the personal-computer business and splits the TV-manufacturing division into a separate unit that it may […]
Baring Asset Management Co. and Bank Julius Baer & Co. expect a deepening decline in Singapore stocks, the worst performers this year among Southeast Asian markets. The benchmark Straits Times Index sagged down 4.9 percent from December 31 through last week, trailing gauges of Thai, Indonesian, Malaysian and Philippine equities by at least 1.8 percentage […]
Today we’re excited to announce many new and exciting features within the eToro OpenBook feed. The feed is the place where the social magic happens at eToro, where people engage with each other and where you can get interesting content about your favorite markets. Many of the features we’re announcing today have been developed as […]
