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 […]
Euro was given a brief boost after better than forecast retail sales and improved Purchasing Managers’ Index numbers for the euro zone. Sales for January rose 1.2 percent, up from a previous decline of 0.8 percent. Private business activity in the euro zone in February was not as bad as first feared but still indicated […]
March 5th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Regional markets are putting on a decent performance this morning, helped by PMI services data from the UK and to a lesser extent the euro zone and a host of solid corporate news. UK PMI services, unlike manufacturing, surprised on the upside, to 51.8 […]
Sterling benefitted from upbeat data which showed UK services Purchasing Managers Index (PMI) came in above forecast. The PMI number points to a 0.1 percent rise in UK GDP in the first quarter. According to a report from Markit/CIPS PMI, the PMI for services ticked up to 51.8 in February from 51.5 in January, beating […]
FOREX Daily Outlook by Easy-Forex.com Euro loses ground as Italy may seek new election The euro (EUR) dropped below 1.3000, and is currently at 1.2995 versus the US dollar (USD) as European markets open. Investors are weary of political developments in Europe as Eurogroup members meet today. The Italian election and the hung parliament result […]
The euro rose to a session high of $1.3074 after satisfactory numbers from the Purchasing Managers’ Index (PMI). Germany showed the best improvement, with its services PMI remaining in expansion territory at 54.7, up from a previous 54.1 points and beating expectations. Germany accounts for about 30 percent of euro zone output so the data […]
Read the Daily Market Report from Dave Evans, Professional Trader Central Bank Talk Lifts MarketsMorning Report: 08.30 London • This morning, world markets are on the rise after a strong rally into the close last night and through the Asian session. Central bankers are behind some […]
We are glad to announce the successful completion of the XEMarkets F1 FX Demo Contest exclusively designed for our Malaysian clients. A large number of Malaysian traders and investors who registered for the F1 FX Demo Contest running between 15th February and 1st March 2013 grabbed the opportunity to test their trading skills and go […]
The Aussie dollar rallied after much better than expected retail sales data and also a decision by the Reserve Bank of Australia to keep the benchmark interest rate unchanged at 3.00 percent. RBA governor Glenn Stevens reiterated there was room to cut if needed given a benign outlook for inflation but this was taken positively […]
Market activity was quite muted with euro holding near 2-1/2 month lows as political concerns over Italy continue to weigh and the outlook on the euro zone is as clear as mud. Italian bond spread widened against German bunds to a new three year high. Focus is on Eurogroup meetings as well as Thursday’s European […]
The euro was weaker in Monday’s European Session, dropping below the key $1.30 level after disappointing data that showed euro zone investor confidence fell in March, raising speculation that the European Central Bank will cut interest rates soon. EURUSD dipped to a session low of $1.2981, the lowest in 7 weeks, down 0.3 percent on […]
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, […]
Sterling moved lower against the dollar after disappointing data on Markit/CIPS Construction Purchasing Managers’ Index (PMI), causing cable to drop to $1.4998 from $1.5051 beforehand. Output in the construction sector fell at the fastest pace in more than three years in February despite a rare pick-up in house building. PMI declined further below the 50-point […]
March 4th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European stock markets are back under the cosh Monday, with traders unwinding positions on political uncertainty in Italy and the lack of progress by US lawmakers to tackle the sequester which kicked off on Friday last week. Italian leaders are still divided over how […]
FOREX Daily Outlook by Easy-Forex.com Euros trending as markets expect Italian news The euro (EUR) dropped to 1.3062 versus the US dollar (USD) as the American economy goes through sequestration and the Italian political scene still remains blurry. Sequestration will involve across the board cuts in the US public sector which will allow the US […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets dip on China construction concernsMorning Report: 08.30 London • This morning, markets have started the week with ‘risk off’ bias as fears rose that Chinese plans to curb property development could have a ripple in […]
The Australian dollar fell to a seven month low against the dollar in Monday’s Asian session after a report showed building approvals unexpectedly declined, adding to speculation the Reserve Bank of Australia will cut interest rates this year. Also weighing on the aussie was a disappointing data from China which showed the Purchasing Managers’ Index […]
Double-bottoms as well as double-tops might be pleasing setups for investors as the forex market indicates the willingness in order to respond to a particular price. After a good elongated down-trend the currency pair bounces from the same price upon a couple of distinct instances. This clues the investor into the idea that something is […]
The United States economic recovery is at risk of slowing down after the March 1st deadline for automatic federal spending cuts to talk into effect. President Obama and Congress failed to reach an agreement before the Friday midnight deadline for these so-called sequester cuts which will result in $85 billion worth of government spending cuts […]
The euro hovered just slightly above the key $1.30 level in the US session after having fallen below it earlier in the day for the first time in two months after a wave of downbeat economic data from the euro zone. Particularly manufacturing PMI disappointed as well as jobs data which showed unemployment climbed to […]
On the 27th February 2013, the official award ceremony of the LSE FX Demo Competition took place, which had been launched as a joint project by online foreign exchange broker XEMarkets and the London School of Economics and Political Science. Representatives of the university’s Careers Department, together with LSE alumni XEMarkets company CEO Constantinos Cleanthous, […]
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 […]
