The biggest mover of the European Session on Friday was the British pound which tumbled after disappointing UK manufacturing data. The Manufacturing Purchasing Managers’ Index (PMI) showed a drop to 47.9 from a downwardly revised 50.5 in January, which surprised markets as forecast was for a rise to 51.00. The 50 point level demarcates expansion […]
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March 1st, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Weak Chinese PMIs indicating a slowdown in the world’s second largest economy together with the US sequesters kicking off as US lawmakers failed to pass two bills on Thursday. European stock markets are feeling the heat as a result, pressured further by softness in […]
Sterling tumbled to a fresh 2-1/2 year low against the dollar on Friday after investors sold off the currency in reaction to disappointing news that the UK manufacturing sector contracted in February despite forecast for an increase. Data from Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI) showed a drop to 47.9 from a downwardly revised 50.5 […]
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, […]
FOREX Daily Outlook by Easy-Forex.com Daily Outlook 00:00 GMT 1- Mar-2013 Strong US Dollar Again, Are We Seeing New Market Trend? U.S. Dollar Trading (USD) the EUR/USD short Squeeze failed to kick on in the Europeanand US sessions yesterday and we found ourselves back at 1.3050 in Asian trade Friday.The outlook is mixed with the […]
Growth in China appears to have steadied in February, as a manufacturing survey gave a lower reading than expected, but not enough to stir markets. The official purchasing managers’ index (PMI) recorded a dip to 50.1, slightly below a 50.2 forecast and down from the 50.4 reading in January. This figure is still above the […]
Read the Daily Market Report from Dave Evans, Professional Trader Positive Surprise from Spanish ManufacturingMorning Report: 08.30 London • This morning, financial markets have shrugged off disappointing Chinese manufacturing PMI after Spanish manufacturing data surprised to the upside. This rare good news has pushed the euro […]
Asian currency markets were quiet, with most currency pairs consolidating. There were no key economic data or news during the session to move the market. There was little reaction to data from China which released manufacturing surveys that showed just marginal growth. The Purchasing Managers’ Index dropped to 50.1 in February, down from January’s 50.4-point […]
The dollar extended gains today after being boosted by encouraging US economic data. There was a drop in new jobless claims last week and also there was a sharp rise in factory activity in the Midwest in February. These give good indications that the world’s largest economy is improving. Meanwhile the dollar is also helped […]
The federal government defines the Producer Price Index (PPI) as “the average change over time in the selling prices received by domestic producers for their output.” With help from the Federal Reserve’s massive inflationary policies, the PPI has climbed even as the economy began to fall in 2008-09. All the while, the financial media persisted […]
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FOREX Daily Outlook by Easy-Forex.com Daily Outlook 00:00 GMT 28-FEB-2013 Fed Chief Bernanke endorses Japanese ReinflationTrade U.S. Dollar Trading (USD) the Dollar was sold late in New York overnight withUS stocks soaring to fresh year highs after positive comments from FED Chief Bernankeand ECB Chief Draghi helped strengthen risk appetite. Fed Chairman Bernankedownplayed disunity inside […]
The euro reversed direction in the European session on Thursday to fall to a session low versus the dollar on Thursday as political uncertainty in Italy still dominates the markets. The gridlock after the elections last weekend gives investors little reason to buy the currency. EURUSD fell to as low as $1.3095, and was down […]
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February 28th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Stock markets are pouring on modest gains Thursday after central bankers Ben Bernanke, head of the Fed and Mario Draghi, head of the ECB, both defended their easing policies, lending support to risk-appetite overnight on Wall Street and in Asia. Bernanke at his second […]
Read the Daily Market Report from Dave Evans, Professional Trader Bernanke sparks strong reboundMorning Report: 08.30 London • Markets are on the rise this morning after Ben Bernanke soothed markets with his congress testimony last night. • The Australian dollar is the strongest performer, despite Australian […]
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 […]
The yen weakened after the announcement of the new Bank of Japan governor. Japanese Prime Minister Shinzo Abe nominated Haruhiko Kuroda as new BOJ, who was the previous Asian Development Bank chief, and is seen to be in favour of very aggressive monetary stimulus measures. He is expected to begin adopting policy easing measures to […]
The yen weakened after the announcement of the new Bank of Japan governor. Japanese Prime Minister Shinzo Abe nominated Haruhiko Kuroda as new BOJ chief, who was the previous Asian Development Bank President, and is seen to be in favour of very aggressive monetary stimulus measures. He is expected to begin adopting policy easing measures […]
The euro held on to a two-day drop near a seven-week low today as concern that Italy’s election deadlock will deepen Europe’s debt crisis. An uncertain outcome over the next few weeks could mean that commitments to reform and austerity measures put in place to help the country out of debt will hang in the […]
The yen has gained sharply this week due to safe have demand amidst the turmoil in Italy which renewed concerns of a debt crisis in the euro zone. The political deadlock in Italy are a wake-up call to investors that Europe is not out of the woods yet. However the rising yen again has posed […]
After a getting a brief boost against the dollar, the euro moved back lower towards a seven-week low after Italian bond yields rose at a debt auction on Wednesday. This bond sale comes at a critical time during which Italy has had an inconclusive election and raises concerns over the euro zone debt crisis. EURUSD […]
FOREX Daily Outlook by Easy-Forex.com Daily Outlook 00:00 GMT 27-FEB-2013 Fed Chief Bernanke Calms Market U.S. Dollar Trading (USD) the Dollar was strong overnight with uncertainty regardingthe Italian election outcome still hurting sentiment and generally upbeat USFED chief Bernanke’s testimony before congress helping support the USD bulls. Bernanketried to calm market unease about the ending […]
February 27th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Fed Chairman Ben Bernanke defending his monetary stimulus measures by talking up QE helped sentiment recover a tad overnight, providing Asian markets support. In Europe, traders are also taking heart in Bernanke’s accommodative remarks but moves to the upside are likely to be limited […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro leads cautious recoveryMorning Report: 08.30 London • This morning, the euro is leading a cautious recovery in world markets as stock markets look set to rise amid cross party talks in Italy. • The euro […]
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 15, 2024 April 15, 2024 Potential for the further rally on USD/JPYThe material has been…Forex forecast 04/15/2024: EUR/USD, GBP/USD,USD/CAD, USDX… April 15, 2024 We introduce you […]
The euro was little changed from yesterday, consolidating losses during the Asian session around $1.3050-70, after falling to as low as $1.3017, the weakest since January 7. Investors sold off the euro after an indecisive election on Italy which spurred concerns of a renewed debt crisis in the euro zone. The gridlock will likely lead […]
David Banister One of my favorite “Crowd Behavioral” patterns is the ABC Gap fill pattern. This is a normal correction pattern in the stock market that works off overbought sentiment. You can apply this to liquid individual stocks in most cases, and look ahead to spot potential entries on your watch list for trading. […]
The following are highlights of comments from Federal Reserve Chairman Ben Bernanke made at a testimony to US Congress on Tuesday: BERNANKE ON EQUITY BUBBLE AND MONETARY POLICY: “I don’t see much evidence of an equity bubble…Equity holders are still being somewhat risk averse in their behavior. But again, we have a two-part plan. First […]
