Daily Market News: May 11, 2015
May 11, 2015 2:50 pmVideo
Latest News
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- USD/JPY in crisis April 18, 2024
- EUR/USD: trading plan for US session on April 18. EUR gets stuck at 1.0686 April 18, 2024
- Fed to keep policy tight for longer than markets view April 18, 2024
- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
- Midweek Technical Look – EURUSD, US 500, WTI April 18, 2024
- Technical Analysis – AUDJPY pulls back but stays in uptrend April 18, 2024
- Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin from Sebastian Seliga April 18, 2024
May 11, 2015 – Daily Market News
During the early trading session, Asian stocks traded higher as traders sought refuge in stocks following China’s rate cut. The People’s Bank of China voted to set the interest rate at 5.10% down from 5.35%, an economic slowdown in the country remains a concern after a number of recent negative data releases from manufacturing and services sectors. The Nikkei share average was up 1.25%, closing at 19,620 points and the Shanghai Composite rallied 3.35%. The AUD and NZD traded lower against a basket of major currencies as currency traders sentiment weighs over China, furthermore, New Zealand released a negative report showing that the number and value of card transactions with merchants had declined 0.7%, analysts had expected an increase of 0.5%.
During the European session, currencies are trading with little movement as economic reports from the Eurozone are today scarce. The British Pound is trading with Bullish sentiment against the Dollar as the Bank of England kept its monetary policy unchanged, traders are now awaiting the release of Wednesday inflation report to determine the state and growth of the economy. Currency traders also remain cautious ahead of talks between Greece and its creditors, the countries finance ministers need to lay out reforms in order to reach an agreement over the current debt bailout. If an agreement is not reached, then the country could go into default.
During early U.S. trade, stocks continued to trade higher after Friday’s rally. Wall Street remained supported following Fridays Nonfarm Payrolls. The economic report showed that 223,000 more people were employed during the previous month, only slightly down than the expected figure of 224,000 and up from the previous month, indicating growth in the jobs sector.
Main Events (GMT)
02:30 -AUD- NAB Business Confidence (Apr)
12:00 -GBP- Interest Rate Decision (May)
Related Posts: