The euro recovered losses against the dollar, rising 0.3 percent on the day from Friday’s six-week low of $1.3144 to a session high of $1.3273. The single currency was helped by a successful Italian government debt auction today which resulted in the sales of 4.1 billion euros of debt. There is some position adjustment ahead […]
Read the Daily Market Report from Dave Evans, Professional Trader Pound recovers after downgrade shockMorning Report: 08.30 London • This morning, the two main talking points are the pound’s reaction to the late Friday UK sovereign downgrade and the yen’s weakness following the probable appointment of […]
FOREX Daily Outlook by Easy-Forex.com Daily Outlook 00:00 GMT 25-FEB-2013 UK Loses AAA Rating, USD/JPY Soars on New Ultra DoveBOJ Chief *Update HSBC February FlashManufacturing PMI misses at 50.4 vs. 52.2 f/c* U.S. Dollar Trading (USD) the Dollar enjoyed strength across the board Monday aftera myriad of news over the weekend. Late on Friday at […]
The Japanese yen weakened again in early Asian session trading on Monday after investors reacted to news that Japan’s prime minister Shinzo Abe is close to nominating a new Bank of Japan governor who is likely to be bold on monetary easing. There is growing speculation that the nominee will be current Asian Development Bank […]
The yen sank to a near three-year low against the dollar in early Monday trading after the Japanese government announced the candidates for the new Governor of the Bank of Japan. The likely nomination is current Asian Development Bank President Haruhiko Kuroda, who is seen as favouring bold monetary policy. The incumbent, Masaaki Shirakawa steps […]
The United Kingdom was downgraded by Moody’s this weekend by one notch from AAA to AA1, being the first ratings agency to strip the country of its prized triple-A rating. This is the first time the UK as lost its top notch rating since 1978, which Moody’s said was due to expectations that growth will […]
Presidential elections were held in Cyprus this Sunday with Conservative leader Nicos Anastasiades winning a majority of votes in the second round. The first round a week ago led to a run-off due to a lack of clear majority for any candidate. 66-year old Anastasiades who has been the leader of the Democratic Rally party […]
The euro extended losses against the dollar in late US session trading on Friday to hit a new six-week low, and is on track for the third week of losses. A series of negative headline news weighed on the single currency. The European Central Bank announced that second LTRO (Long Term Refinancing Operation) repayments were […]
The euro fell back down today after a series of negative headline news. The European Central Bank announced that second LTRO (Long Term Refinancing Operation) repayments were lower than anticipated. Euroepan banks will be repaying 61.1 billion euros of this second LTRO, on February 27, which was much lower than the expected 122.5 billion estimate. […]
February 22nd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Stocks are rebounding in Friday’s session after registering bulky losses in the previous session amid fears the Fed will slow down and/or abruptly end QE and grim euro zone composite PMIs. Stocks dropped sharply on both sides of the Atlantic, the euro slid against […]
Read the Daily Market Report from Dave Evans, Professional Trader Gold leads rebound as traders buy the dipMorning Report: 08.30 London • This morning, financial markets are rebounding off yesterday’s lows, but it remains to be seen just how much momentum markets have in them. Gold […]
The Australian dollar rose after Reserve Bank of Australia governor Glenn Stevens said in a speech today that the current level of interest rates are appropriate. He also expressed his opinion that he doesn’t think the exchange rate on the aussie is too high. The RBA chief said there was already a good deal of […]
FOREX Daily Outlook by Easy-Forex.com Daily Outlook 00:00 GMT 21-FEB-2013 Market’s Crash after US FOMC Minutes U.S. Dollar Trading (USD) in a very important trading day we saw large sellingin US stocks post FOMC Minutes overnight as a ‘number’ of FED members expressedconcern at the potential risks for further Asset purchases (QE). Some memberssuggested a […]
February 21st, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European shares markets slide early Thursday, extending previous session weakness following hawkish FOMC minutes which indicate that some members are calling for the pace of QE to be scaled back. The Fed did offer an upbeat view of the US economy but traders pressed […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets slide on central bank comments.Morning Report: 08.30 London • This morning, financial markets are on the slide after the release of the minutes from the last FOMC meeting. The minutes implied that the Fed was […]
FOREX Daily Outlook by Easy-Forex.com Daily Outlook 00:00 GMT 19-FEB-2013 US Holiday Market Quiet, ECD Draghi Downbeat *UPDATE* 23:50GMT Japanese FinMin Aso ‘No Plan to BuyForeign Bonds for Monetary Easing or change BOJ independence Law for the timebeing’ U.S. Dollar Trading (USD) a quiet US session with markets closed for President’sHoliday and there was little […]
February 20th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist After having the strongest day of the year so far, European stock markets are in consolidation mode ahead of a deluge of economic data and minutes from the BOE first and the Federal Reserve after the European market close. European stocks advanced Tuesday, propped […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets pause after hitting fresh highs. Morning Report: 08.30 London • After surging to fresh highs into the close last night, work stock markets are pausing for breath this morning, with currency markets following suit. • […]
FOREX Daily Outlook by Easy-Forex.com Daily Outlook 00:00 GMT 19-FEB-2013 US Holiday Market Quiet, ECD Draghi Downbeat *UPDATE* 23:50GMT Japanese FinMin Aso ‘No Plan to BuyForeign Bonds for Monetary Easing or change BOJ independence Law for the timebeing’ U.S. Dollar Trading (USD) a quiet US session with markets closed for President’sHoliday and there was little […]
February 19th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European share markets are softer again this morning with traders remaining on hold ahead of German ZEW data. With US markets closed for a public holiday on Monday and Asian markets overnight trading in a mixed manner, European stock indices have little cues for […]
Read the Daily Market Report from Dave Evans, Professional Trader Morning Report: Yen volatile as foreign bonds ruled out. Morning Report: 08.30 London • This morning, the Japanese yen continues to be at the centre of volatility after Bank of Japan Aso ruled out the purchasing […]
February 18th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened lower this morning, as traders preferred to wait on sidelines in the wake of thin trading on account of the US President’s Day holiday today. Meanwhile, a survey by Markit Economics revealed that finances of British households remained squeezed in […]
FOREX Daily Outlook by Easy-Forex.com Daily Outlook 00:00 GMT 18-FEB-2013 G20 Quiet on Japan, USD/JPY Soars U.S. Dollar Trading (USD) was generally strong across the board with USD/JPYsoaring after support was found and the G20 remained quiet on FX movements. FebUoM Consumer Sentiment improved to 76.3 vs. 74.8 previously. Some USD strengthcame from FED member […]
Read the Daily Market Report from Dave Evans, Professional Trader Weak yen condoned by G20 Morning Report: 08.30 London • This morning, the Japanese yen is on the slide again as Japan was not singled out for criticism for its weak yen policy at the weekend’s […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen pairs heading lower Morning Report: 08.30 London • The yen is on the advance this morning, forcing the main yen pairs lower. • The EUR/JPY is the main casualty this morning, down 0.76%, with the […]
FOREX Daily Outlook by Easy-Forex.com Daily Outlook 00:00 GMT 15-FEB-2013 ‘Currency War’ on G20 Agenda U.S. Dollar Trading (USD) The USD gained heavily against the Euro but lostground against the Yen with markets profit taking ahead of the G20 and someWeak European GDP Numbers. Weekly Jobless Claims came in at 341k vs. 360kforecast in a […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen pairs heading lower Morning Report: 08.30 London • The yen is on the advance this morning, forcing the main yen pairs lower. • The EUR/JPY is the main casualty this morning, down 0.76%, with the […]
FOREX Daily Outlook by Easy-Forex.com Daily Outlook 00:00 GMT 14-FEB-2013 BOJ Main Event in Asia, GDP in Europe U.S. Dollar Trading (USD) the market volatility continued overnight with theGBP/USD crashing to fresh trend lows and EUR/USD rallying before some bearishremarks from Europe sent the single currency back to opening levels near1.3450. Traders will be watching […]
February 14th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Regional share markets are broadly flat again Thursday morning, with poor German, French and Italian 4Q GDP data curbing enthusiasm for gains. A strong session in Asian markets overnight offers a degree of support to prices with Japan’s national index rebounding 0.5% as the […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro slips on GDP slowdown Morning Report: 08.30 London • The euro is on the back foot for the first time in four sessions today after French and German GDP came in below already depressed expectations. […]
