June 10, 2014 – Forex News Hot asset for today: GBP/USD Yesterday the EUR/USD finally absorbed the data from last week and decreased to its previous support at 1.3580. The pair declined despite quiet market without any economic releases. European Central bank’s president Mario Draghi would have to face another important decision in case that […]
Equity markets in Europe fell at Tuesday’s open, pausing for breath after rising to their highest level in more than six years in the previous session. The Stoxx Europe 600 Index rose to its highest level since January 2008 yesterday, as stronger than expected Japanese GDP data fuelled optimism about the global economic recovery. Although […]
European markets have opened mostly lower today, as traders took a breather after a three-day winning streak triggered by fresh stimulus measures from the European Central Bank. Earlier today, data indicated that China’s consumer price inflation accelerated in May. Closer home, investors await today’s industrial and manufacturing production data which is expected to show an […]
June 9, 2014 – Indices News Asian markets rose today for two main reasons: For starters, US Nonfarm Payrolls data from Friday eased investors anxiety about the strength of the US recovery and gave the federal reserve the ammunition it needed to continue with tapering the stimulus and possibly to raise the interest rate early […]
June 9, 2014 – Stock Market News Today’s Hot Asset – Apple Stocks in Asia traded higher during the early trading session today. Strong fundamental data released from both China and Japan supported regional sentiment and allowed stock values to rise. This was also investors first chance to react to the NFP report released during […]
Stocks – Asia Stocks in Asia were seen climbing on Monday, boosted by China’s trade figures and Japan’s upbeat GDP report, while the US employment supported the outlook for the global economy. Japan The Japanese benchmark Nikkei 225 index rose 0.48% higher, closing at 15,124.00 points, while Tokyo’s Topix index added 0.27%, ending the session […]
June 9, 2014 – Daily Market News Today’s Hot Asset: AUD The U.S. economy added 217,000 jobs during the month if May with the unemployment rate declining to 6.3%. Although the NFP figure was slightly lower than expected it still showed steady improvement in the economy boosting optimism in stocks. Federal Reserve Governor, Powell, also […]
June 9, 2014 – Weekly News WEEKLY REPORT 09/06-13/06 EUR/USD Last week the EUR/USD experienced high volatility, however the movement remained sideways. The pair was expected to drop as soon as the European Central bank released cut in interest rates. The pair really decreased by more than 100 pips but within few hours the pair […]
June 9, 2014 – Forex News Hot Asset for today: GBP/USD EUR/USD The pairing saw the euro spike up to highs not seen in a number of weeks after the release of the Non Farm Payrolls report from the U.S. Ultimately, however the rise in the pairing in favor of the euro was short lived […]
IMF Director Christine Lagarde has admitted that the IMF ‘got it wrong’ when it warned against the coalition government’s policy of combating the recession through austerity measures. The UK economy is predicted to grow by 2.9% in 2014, faster than any of the other nations comprising the G7. Friday’s US Non-farm payroll figures came in […]
European markets have opened higher today, extending their previous week’s uptrend, following strong Chinese trade and Japanese GDP data. Additionally, Friday’s encouraging US non-farm payrolls report supported investors’ risk appetite. In the absence of any major domestic macroeconomic data in the day, traders await the Eurozone Sentix investor confidence index data which is expected to […]
Stocks – Asia Asian stocks were seen trading a little changed on the last day of the trading week. Japan The Japanese benchmark Nikkei 225 index slid 0.01% lower, closing at 15,077.24, while Tokyo’s Topix index edged 0.15% higher, ending the session at 1,234.57. The Japanese corporation Sumco Corp saw gains during the session with […]
Microsoft recently approached the resistance level 41.30 that was set as the buy target in our earlier report for this company. The price previously broke the upper resistance trendline of the daily down channel from the start of April – which was followed by the short-term downward correction ending with the Japanese candlesticks reversal pattern […]
The fallout was substantial; the Dow reached yet another record high, as did the S&P 500. The DAX briefly reached the giddy heights of 10,000 points for the first time in its 26-year history. Meanwhile, the Euro sunk to a four month low of €1.3558. But what exactly caused these fluctuations? What did the ECB […]
June 6, 2014 – Daily Market News Today’s Hot Assets: USD, Gold The European Central Bank cut their benchmark rate to 0.15% and reduced the deposit rate to -0.1%. This is the first time a major bank has used negative deposit rates and came in response to deflation fears. Draghi also added stimulus to the […]
U.S. stocks fluctuated on June 4, as global market participants responded to mixed economic data and speculation surrounding an upcoming European Central Bank meeting. Investors who want to make money by trading equities could make more-informed decisions if they are aware of the price movements these securities experienced on June 4. In addition, these individuals […]
June 6, 2014 – Forex News Hot Asset For Today: USD Yesterday, the EUR/USD dropped right after the European Central Bank announced that they would cut the interest rate from 0.25% to 0.15%. However, not long after the pair retraced all its losses and then rose due to worse than expected initial jobless claims data […]
June 6, 2014 – Stock Market News Today’s Hot Asset – Lloyds Banking Stocks in Asia traded mixed during the early session today. Investors struggled to react to the European Banks policy meeting yesterday as, they were already looking ahead to the NFP report which is due to be released later today in the U.S. […]
European markets have opened higher today, as a series of stimulus measures from the European Central Bank announced yesterday continued to boost investors’ sentiment. Later today, traders will shift their focus on US jobs data which is expected to show a slowdown in hiring in May. Closer home, market participants will keep a tab on […]
June 5, 2014 – Indices News Asian markets were mostly unchanged leading up the European Central bank interest rate decision. At this point, most market participants are optimistic about potential stimulus from the Chinese government. Thus, all eyes are on America. Though recent employment data was not terribly strong, good services PMI data and the […]
Stocks – Europe Stocks in the European market opened flat on Thursday as investors focus on the outcome of the European Central Bank’s policy meeting which will commence later in the day. The European Euro Stoxx 50 rose 0.02% higher, opening at 3,238.58, while the German DAX edged 0.04% higher to 9,930.31. The French CAC […]
European equity markets were broadly flat early Thursday as market participants refrained from taking bold bets ahead of what could be one of the most historical European Central Bank policy meetings, expected later. Data this week from the euro area showing declines in business activity and further falls in inflation certainly warrant policy action by […]
June 5, 2014 – Daily Market News Today’s Hot Asset: EUR U.S. stocks ended the day higher once again after positive ISM Non-Manufacturing data was released. The Beige book also showed that most regions in the U.S are growing at a moderate pace. Due to the optimistic outlook, the Federal Reserve looks on track to […]
June 5, 2014 – Forex News Hot Asset For Today: EUR/USD The EUR/USD is climbing today after falling yesterday. The main impetus so far for upward movement has been better than expected German factory orders data, which has given the Euro a boost. Though the pair is bullish now, large events happening late today – […]
June 5, 2014 – Stock Market News Today’s Hot Asset – General Motors Stocks in Asia traded mixed during today’s morning session. Investors within Asia are keenly awaiting the European Central Banks (ECB) policy meeting which is due to take place later today. Investors in Asia will have their first chance to react to the […]
European markets have opened mostly unchanged today, ahead of the European Central Bank’s monetary policy meeting wherein the bank is expected to introduce new stimulus measures to avert a potential deflation and boost the region’s economy. Closer home, investors also await the Bank of England’s monetary policy decision, with expectations that the bank would leave […]
June 4, 2014 – Indices News Asian markets fell for the most part before US data came out. Though there was no decisive Asian data today, investors were behaving cautiously ahead of the interest rate decision from the European Central Bank and Nonfarm Payrolls data from the United States. Thus, even tomorrow more silence in […]
Very few people know that the United States did not create a monetary unit pegged to “buy” some amount of metal, as if the dollar were some kind of money independent of metal. In 1792, Congress passed the U.S. Coinage Act, which defined a dollar as a coin containing 371.25 grains of silver and 44.75 […]
June 4, 2014 – Daily Market News Today’s Hot Asset: USD U.S. stocks finished with little change as investors are waiting on the sidelines ahead of important data being released including the Nonfarm Payrolls report and ADP nonfarm employment change. The S&P 500 lost 0.04% remaining at a high of 19,722.34 and the Dow Jones lost […]
Stocks – Europe Stocks across Europe were little changed as the market digest Spain’s downbeat Purchasing Managers’ Index (PMI) services reading. Economic reports from the eurozone and the US will be in focus before Thursday’s European Central Bank policy meeting. The expected reports could give additional clues as to what is the next step the […]
