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YouTradeFX Weekly Market Analysis : 05/16/2012
Fundamental News
Today’s highlights:
Claimant Count Change (GB, 09:30 GMT)
Core CPI (YoY) (EUR, 10:00 GMT)
German 10-Year Bund Auction (GER, 10:30 GMT)
BoE Gov King Speaks + BoE Inflation Report (GB, 10:30 GMT)
Manufacturing Sales (MoM) + Building Permits + Housing Starts (U.S., 13:30 GMT)
Industrial Production (MoM) (U.S., 14:15 GMT)
ECB President Draghi Speaks (EUR, 15:00 GMT)
FOMC Meeting Minutes (U.S., 19:00 GMT)
The Department of Labor revealed that consumer prices in U.S were flat in April compared to the previous month. While the Commerce Department said that U.S retail sales edged up by 0.1 percent in April following a revised 0.7 percent increase in March and the business inventories rose by 0.3 percent in March following a 0.6 percent increase ...
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SunBirdFX Daily Market Analysis : 05/15/2012
www.sunbirdfx.com
The bearish momentum from last week continued to the first day of the trading week in Wall Street, as the indices shed 1.0%, NASDQ is close to break-down the recent low from the beginning of April, as Dow and S&P already did. The break-down of the previous week's low might indicate for an incoming bearish session of 5% down, but the investors might take this opportunity for shopping, so we might see the bullish reversal soon.
USD/CAD
The investors will focus on the retails sales in the US and the CPI, which expected to remain unchanged. However, as we keep mentioning, the movement of the stocks rather the fundamental data mainly influences the USD these days. Therefore, and since the stocks keep weakening, the USD is strengthening against the major currencies, ...
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YouTradeFX Weekly Market Analysis : 15/05/2012
Fundamental News
Today’s highlights:
· French GDP (QoQ) (FRA, 6:30 GMT)
· German GDP (QoQ) (GER, 7:00 GMT)
· French Non-Farm Payrolls (QoQ) (FRA, 7:45 GMT)
· Trade Balance (GB, 9:30 GMT)
· ZEW Economic Sentiment (EUR, 10:00 GMT)
· German ZEW Economic Sentiment (GER, 10:00 GMT)
· GDP (QoQ) (EUR, 10:00 GMT)
· Core CPI (YoY) (U.S, 13:30 GMT)
· Retail Sales (MoM) U.S, 13:30 GMT)
· NY Empire State Manufacturing Index (U.S, 13:30 GMT)
· TIC Net Long-Term Transactions (U.S., 14:00 GMT)
Foreign direct investment in China fell for a sixth month in April, as faltering global growth and renewed turmoil in financial markets dented company spending in Asia’s biggest economy. Inbound investment ...
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YouTradeFX Weekly Market Analysis : 14/05/2012
Consumer sentiment in the U.S. rose to 77.8 in May from the final April reading of 76.4, according to a report released by Reuters and the University of Michigan on Friday. While, the Labor Department said on Friday that its producer price index fell by 0.2 percent in April. According to Bloomberg news, Sales at U.S. retailers probably slowed in April as the weather turned more seasonable and consumers took a breather following a pre-Easter holiday buying spree, economists said before a report this week. The projected 0.2 percent gain in purchases would follow a 0.8 percent advance in March, according to the median forecast of 68 economists surveyed by Bloomberg News ahead of Commerce Department figures on May 15. Events in the U.S, likely to affect the markets this week are: Monday; a ...
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Gold hits 4-month low as dollar rises, stocks slide
Gold prices fell to a four-month low on Friday as worries over the financial health of Greece and Spain and huge trading losses for JPMorgan hurt stock markets and the euro, prompting investors to seek refuge in the dollar.
Investors liquidated gold holdings to cover losses on other markets, analysts said, as a rise in risk aversion sparked selling across assets seen as higher risk, while lifting the U.S. currency and safe-haven German Bunds.
Spot gold slid to $1,573.29 an ounce, its weakest since January 3, after support gave way at $1,579, and was down 0.7 percent at $1,582.19 an ounce at 1145 GMT.
Prices pared the worst of their losses as hopes that a Greek government may be formed soon lifted the euro from lows, but spot prices were still down nearly 4 percent so far this week, ...
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SunBirdFX Daily Market Analysis : 05/10/2012
www.sunbirdfx.com
The battle between the sellers and the buyers in Wall Street continued yesterday, as the indices closed on the red territory but made bull candlesticks on the daily chart. The volumes in the US stock markets are higher than average these days, which indicate for the tension among the traders. It looks like the indices are ready for the bullish correction, but the threat of another bearish session still exists.
GBP/USD
We keep mentioning that the pound is a strong currency that suffered from Wall Street weakening otherwise it would probably trade around 1.65 today. The pair made an accurate retest to the break-up level at 1.65, slide under it, and know it has to overcome this obstacle one more time in order to continue rising. Yesterday's candlestick was a long-tail ...
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YouTradeFX Daily Market Analysis : 10/05/2012
Fundamental News
Today’s highlights:
- ECB Monthly Report (EUR, 09:00 GMT)
- Italian Industrial Production (MoM) (ITA, 09:00 GMT)
- Trade Balance +Manufacturing Production (MoM)+ Industrial Production (MoM) (GB, 09:30 GMT)
- Interest Rate Decision (GB, 12:00 GMT)
- Initial Jobless Claims + Trade Balance (U.S, 13:30 GMT)
- Trade Balance (CAD, 13:30 GMT)
- Fed Chairman Bernanke Speaks (U.S, 14:30 GMT)
Wholesale inventories in the U.S. rose by 0.3% (less than expected) in the month of March, according to a report released by the Commerce Department on Wednesday. Prices for single-family homes climbed in half of U.S. cities in the first quarter as real estate markets stabilized, the National Association of Realtors said in a report yesterday.
According to Bloomberg ...
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YouTradeFX Daily Market Analysis : 09/05/2012
Fundamental News
Today’s highlights:
· 10-Year Note Auction (U.S., 18:00 GMT)
· Wholesale Inventories (MoM) (U.S., 15:00 GMT)
· Crude Oil Inventories (U.S., 15:30 GMT)
· MBA Mortgage Applications (WoW) (U.S., 12:00 GMT)
Bloomberg News reported that, manufacturers in the U.S. became less- optimistic about 2012 sales growth than at the end of last year, while service companies grew more upbeat, according to a survey by the Institute for Supply Management. Purchasing managers at U.S. factories said they anticipate sales will grow 4.5 percent this year, less than a 5.5 percent December prediction, according to the Tempe, Arizona-based group’s semiannual forecast issued yesterday.
Moody’s Investors Service will this month start cutting the credit ratings of ...
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YouTradeFX Daily Market Analysis : 08/05/2012
Fundamental News
Today’s highlights:
· ECB President Draghi Speaks (EUR, 13:30 GMT)
· FOMC Member Fisher Speaks (U.S., 16:15 GMT)
· Housing Starts (CAD, 13:15 GMT)
Consumer borrowing in the U.S. surged in March by the most in more than a decade on growing demand for educational financing and autos. Credit rose by $21.4 billion, the biggest gain since November 2001, to $2.54 trillion, Federal Reserve figures showed today in Washington. The advance was paced by a $16.2 billion jump in non-revolving debt, including student and car loans.
Australia’s trade deficit was at A$1.587 billion in March, the Australian Bureau of Statistics said on Tuesday. That missed forecasts for a shortfall of A$1.4 billion after showing a deficit of A$754 million in February. Exports ...
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