During today’s early trading session, Asian markets traded lower as concerns over Greece continued to weigh down on sentiment. Yesterday talks between Greece and the European union ended without reaching a compromise over extending the current bailout agreement, which is due to expire on February 28th. The Nikkei share average edged lower by 0.1% and closed at 17,987. The AUD/USD traded higher despite a Dovish RBA Monetary Policy Meeting Minutes as the Dollar remained under pressure after data on Friday showed Michigan’s consumer sentiment had declined.
During the European session, the Euro rebounded against the Dollar after yesterdays sharp decline. On Tuesday the Euro dropped after talks between Greece and the EU collapsed without forming an agreement on the current €240 Billion Bailout. However, today traders sentiment was boosted after the release of positive data showing better than expected figures for the German ZEW Current Conditions and the release of the overall European ZEW Economic Sentiment. European stocks traded lower amid Greek concerns, with DAX down by 0.38% and France’s CAC 40 down by 0.07%.
During today’s early U.S. session, the USD index remained under pressure after the release of negative data. The Empire State Manufacturing Index rates showed that the level of business conditions in New York dropped to 7.78 in February, lower than the expected figure of 8.50. America stocks were also trading lower amid uncertainty in Greece and the Ukraine, with Dow Jones Industrial down by 0.23% and S&P down by 0.15%.
Traders should await a number of important economic events taking place tomorrow including the BoJ Press conference, UK Average earnings index, USD PPI and the The Federal Open Market Committee (FOMC) Meeting Minutes.
Todays Main Events
9:30 GMT – GBP – CPI
10:00 GMT – EUR – German ZEW Economic Sentiment
13:30 GMT – USD – NY Empire State Manufacturing Index
13:30 GMT – CAD – Foreign Securities Purchases
17:00 GMT – CHF – SNB Chairman Thomas Jordan speaks
February 17, 2015- Daily Market News
During today’s early trading session, Asian markets traded lower as concerns over Greece continued to weigh down on sentiment. Yesterday talks between Greece and the European union ended without reaching a compromise over extending the current bailout agreement, which is due to expire on February 28th. The Nikkei share average edged lower by 0.1% and closed at 17,987. The AUD/USD traded higher despite a Dovish RBA Monetary Policy Meeting Minutes as the Dollar remained under pressure after data on Friday showed Michigan’s consumer sentiment had declined.
During the European session, the Euro rebounded against the Dollar after yesterdays sharp decline. On Tuesday the Euro dropped after talks between Greece and the EU collapsed without forming an agreement on the current €240 Billion Bailout. However, today traders sentiment was boosted after the release of positive data showing better than expected figures for the German ZEW Current Conditions and the release of the overall European ZEW Economic Sentiment. European stocks traded lower amid Greek concerns, with DAX down by 0.38% and France’s CAC 40 down by 0.07%.
During today’s early U.S. session, the USD index remained under pressure after the release of negative data. The Empire State Manufacturing Index rates showed that the level of business conditions in New York dropped to 7.78 in February, lower than the expected figure of 8.50. America stocks were also trading lower amid uncertainty in Greece and the Ukraine, with Dow Jones Industrial down by 0.23% and S&P down by 0.15%.
Traders should await a number of important economic events taking place tomorrow including the BoJ Press conference, UK Average earnings index, USD PPI and the The Federal Open Market Committee (FOMC) Meeting Minutes.
Todays Main Events
9:30 GMT – GBP – CPI
10:00 GMT – EUR – German ZEW Economic Sentiment
13:30 GMT – USD – NY Empire State Manufacturing Index
13:30 GMT – CAD – Foreign Securities Purchases
17:00 GMT – CHF – SNB Chairman Thomas Jordan speaks
17:45 GMT – USD – FOMC Member Plosser Speaks
21:00 GMT – USD – TIC Net Long-term Transactions
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