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9b From The Prior ReleaseTitle:
YouTradeFX Daily Market Analysis : 26/01/2012
Fundamental News:
Today’s highlights:
Core Durable Goods Orders (MoM) + Initial Jobless Claims (U.S, 13:30 GMT)
New Home Sales (U.S, 15:00 GMT)
The Federal Open Market Committee set a goal for 2 percent inflation and forecast that prices will rise this year at a slower pace than their objective. Inflation at that level “is most consistent over the longer run with the Federal Reserve’s statutory mandate,” the FOMC said in a statement on its longer-run goals. Chairman Ben S. Bernanke ...
Title:
Forex - US “Super Committee” Fails to Agree
Forex News and Events:
Risk sentiment is lower however, conviction remains light and FX trading fickle. We suspect that risk are skewed to the downside and continue to fade risk rallies. As was widely expected, the media outlets are reporting that the US “super committee” has failed to reach an agreement on $1.2tn in new spending cuts. The formal announcement is expected in the US session today. The news that the bi-partisan committee on deficit reduction was a failure has further eroded the ...
Title:
Forex - Growth fears Leads to Broad Sell-off
Forex News and Events:
Trading is getting nasty. Yesterday's move to safe-haven trades highlights that the markets are unconvinced that the solution being proposed by US and EU policymakers have any real problem solving capabilities. There has been steady buying of safe haven, with the EURCHF going into free fall to 1.10127, while USDCHF dropped to 0.7731, both new all time lows. JPY has also seen heavy supply entering the market, pushing USDJPY to 77.18. Equity markets were sold off across ...
Title:
Looking Beyond Debt, Growth is Stalling
The Week Ahead
Highlights
Looking beyond debt, growth is stalling
US debt debate unresolved
Europe Reaches the Summit
New Zealand recovery and Kiwi flying higher
Key data and events to watch next week
Looking beyond debt, growth is stalling
The European debt crisis and the US debt ceiling debate have dominated headlines and driven market action in recent weeks, but we think the real story unfolding is that of slowing growth in major economies. Just in the past week, the ...
Title:
EU Competitiveness Pact May Disappoint
The Week Ahead
Highlights
* EU competitiveness pact may disappoint
* Fallout from Japanese earthquake
* Spain gets a wakeup call
* Central banks expected to maintain policy rates
* A mixed picture in China, but further tightening is still needed
* Key data and events to watch next week
EU competitiveness pact may disappoint
Without the final details in hand as of late Friday afternoon, we can't be sure of the ultimate reaction, but price moves ahead of the release of ...
Title:
Forex - Irish Rescue Fails to Calm Sovereign Risk Concerns
Risk sentiment failed to capitalize on the Irish financial rescue plan yesterday, as risk reduction continued to be the name of the game. As to be expected, EURUSD was hardest hit, dropping 2.00% as any confidence that the EU sovereign crisis was solved, quickly eroded. EU peripheral bond yield spreads widened further with Spain vs. Germany leading the way 27bp to 271bp. EURUSD has come under significant selling pressure as the ECB released a report showing that overnight borrowing from the ...
Title:
Risk Swings as Markets Focus on Ireland, China, and QE2
The Week in Review
Highlights
* Risk swings as markets focus on Ireland, China, and QE2
* A long weekend for Ireland
* Can the U.K. keep up the fast pace of growth
* Chinese tightening measures weighing on risk appetite
* Key data and events to watch next week
Risk swings as markets focus on Ireland, China, and QE2
Three main themes have dominated the market's focus this past week and are likely to continue to garner attention moving forward. Markets have been fixated on ...
Title:
Can This Week's US Data Help Boost "US Recovery is Gaining Momentum" Story?
Can This Week's US Data Help Boost "US Recovery is Gaining Momentum" Story?
We have been through a week that revolved around moves in equities - a slide due to the fear of China tightening rates and bond markets - that punished the government bonds of periphery Euro-zone nations on the back of possible default by Ireland. The USD benefited from both of these developments as it was bought as a safe haven.
This week, the focus may return a bit more to fundamental data as traders and investors ...
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