Amid Poor Us News

Fundamental Analysis EUR "We expect euro-region inflation to normalize in 2013" - Michael Schubert, an economist at Commerzbank AG Inflation in the seventeen nation bloc eased to 2.6 per cent in March from 2.7 per cent the previous month, said the European Union’s statistics office in Luxembourg on Wednesday. USD "Uncertainty about Greece and the effects a potential exit out of the euro would have on Europe, the global economy and the financial system in general is driving investors out of stocks into safe havens" - Markus Huber, head of German sales trading at ETX Capital The Standard & Poor's 500 lost 0.44%, or 5.86 points, to 1,324.80. The Dow Jones Industrial Average declined by 0.26%, or 33.45 points, to 12,598.55. GBP Unemployment figures are a "welcome step in the right ...

The euro continued to tumble throughout yesterday's trading session as investors grew more concerned regarding the impact of a possible new Greek election next month. The EUR/USD fell close to 70 pips during European trading, reaching as low as 1.2829. Today, traders will want to pay attention to several potentially significant market events. At 9:00 GMT, the German ZEW Economic Sentiment figure may be able to help the euro recover some of its recent losses if it comes in above analyst forecasts. In addition, the US Core CPI, Core Retail Sales and Retail Sales figures, all scheduled for 12:30 GMT, could lead to market volatility for USD pairs. Should any of the news come in above expectations, the greenback could move up against the JPY. Economic News USD - US Retail Sales Data Set to ...

Following multiple failures by Greek politicians to form a new government, investors are now concerned about what impact a possible new election will have on Greece's status in the euro-zone. The news weighed down on riskier currencies, particularly the euro, throughout Friday's trading session. The EUR/USD dropped to a fresh 3 ½ month low at 1.2903 before staging a slight correction to close out the week at 1.2917. Turning to this week, euro-zone news is once again forecasted to dictate the direction the market takes. Any additional negative announcements out of Greece could drive the euro even lower against its main currency rivals. Economic News USD - US Consumer Sentiment Gives Dollar a Boost vs. JPY News that consumer sentiment in the US reached a more than four-year high gave the ...

Stocks rose on Friday after a strong outlook from chipmaker Nvidia and surprisingly robust consumer confidence offset a slide in bank shares after disclosures of huge trading losses at JPMorgan Chase & Co. JPMorgan (JPM.N) said it lost at least $2 billion from a failed hedging strategy. The Dow component was down 7.3 percent at $37.77 and weighed on the entire sector. Nvidia Corp (NVDA.O) rose 8.4 percent to $13.46 after reporting adjusted first-quarter earnings that beat expectations. The stock boosted the Nasdaq and was the S&P 500's top percentage gainer. U.S. consumer sentiment rose to its highest in more than four years in early May as Americans remained upbeat about the job market. The survey was a welcome sign amid worries that the economic recovery may be slowing down. "It sort ...

Oil fell below $112 a barrel on Friday after a weak reading of industrial growth in China sparked worries about demand growth from the world's number two oil consumer. China's industrial production in April grew at its slowest pace in nearly three years, which along with poor trade numbers on Thursday, suggest the world's No. 2 economy continues to slow down after a weak first-quarter performance. Markets were also rattled by an unexpected $2 billion trading loss at Wall Street giant JP Morgan (JPM.N), which pushed jittery investors away from risky assets. "The news out of JP Morgan last night started global markets on the weak side while Chinese numbers were not that good," said Olivier Jakob from Zug-headquartered Petromatrix. By 07.20 a.m. EDT, Brent June futures lost 88 cents to $ ...

Fundamental News Today’s highlights: - PPI Input (MoM) (GB, 09:30 GMT) - Core PPI (YoY) (U.S, 13:30 GMT) - Unemployment Rate (CAD, 13:30 GMT) - Michigan Consumer Sentiment (U.S. 14:55 GMT) The U.S. Department of Labor revealed that initial jobless claims came in at 367,000 for the week ended May 5. This was down 1,000 from the previous week's revised figure of 368,000. The Commerce Department released a report on Thursday showing that the U.S. trade deficit widened to $51.8 billion in March from a revised $45.4 billion in February. Inflation in China eased in April, fueling expectations that the People's Bank of China may ease policy further amid slowing economic activity. The National Bureau of Statistics reported Friday that inflation eased to 3.4 percent in April from 3. ...

The euro spent most of the day slightly above recent three-month lows hit against the US dollar and Japanese yen. Greece's inability to form a new government has raised the prospects that a new election will be held in the coming weeks, which has resulted in additional risk aversion in the marketplace. Turning to today, traders will want to pay attention to a batch of US data, including the PPI figure and the Prelim UoM Consumer Sentiment. Both indicators are considered valid indicators of overall economic health and have the potential to create market volatility before markets close for the week. Should any of the data come in above expectations, the USD may be able to see some upward movement against the yen today. Economic News USD - Dollar Turns Bearish vs. GBP The dollar turned ...

The results of Greek parliamentary elections held over the weekend kept the euro low against virtually all of its main rivals throughout yesterday's trading session. Investor concerns about Greece's new government and how it will act toward tough austerity measures imposed on the country brought the euro down to a 3 ½ year low against the British pound and a three-month low against the US dollar. Turning to today, euro-zone news is once again forecasted to impact the markets. The German Industrial Production figure and a speech from the ECB President have the potential to create significant volatility. Economic News USD - USD Takes Slight Losses against Main Currency Rivals After seeing significant gains when markets opened for the week, the US dollar staged a minor downward correction ...

(Reuters) - Copper fell to its lowest in a week on Thursday after mixed U.S. economic data and a bond sale by Spain failed to ease investor concerns that the heavily indebted nation may hinder the bloc's recovery, denting growth and commodities demand. Three-month copper on the London Metal Exchange was down half a percent to $8,258.50 a metric ton (1.1023 tons) at 1023 GMT, down from a $8,305 close. Prices, which had rallied by more than 14 percent by early February have shed five percent since then, trimming the year's gains to around 9 pct. "There's a lot of people asking about Europe and how bad things are. Recent events in the Netherlands and France may have underlined people's concerns, but if you're really looking for something to worry about, Spain is top of the list," metals ...