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Appeal Of The Japanese CurrencyTitle:
YouTradeFX Daily Market Analysis : 02/03/2012
Fundamental News:
Today's highlight;
Nonfarm Payrolls + Unemployment Rate (U.S, 13:30 GMT)
Unemployment Rate (CAD, 12:00 GMT)
Retail Sales (MoM) (EUR, 10:00 GMT)
New unemployment claims in the U.S. fell to a lower level than most experts had expected, according to figures released Thursday by the Labor Department. Initial claims for unemployment came in at a seasonally adjusted level of 367,000 from the previous week's revised figure of 379,000. U.S. labor productivity increased ...
Title:
Dollar Little Changed After jobless Claims Fall Last Week
The Greenback was supported by an unexpected drop in jobless claims last, but pared its gain against most of its peer amid mixed sentiments, after stocks gained this morning and treasuries, spurring the appeal for higher-yielding assets.
The U.S Department of Labor reported today that applications for unemployment insurances dropped by 12 thousand to 367 thousand in the week ended January 28, beating median forecast of 371 thousand and adding to signs the labor market is strengthening.
The ...
Title:
Japan finance minister asks BOJ to ease, yen in danger zone
(Reuters) - Japan's finance and economic ministers piled pressure on the Bank of Japan on Thursday to consider easing policy further, as the yen climbs back to levels that led to Tokyo to intervene heavily in currency markets last year to protect its export-reliant economy.
BOJ Deputy Governor Hirohide Yamaguchi said he saw no need to ease policy right away, but the central bank could face growing calls to offer more monetary stimulus to help exporters through any prolonged slump, even though ...
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Dukascopy Morning Forex Overview : 26/01/2012
Fundamental Analysis
EUR
"The widely-spread fear that the euro zone's biggest economy could now also be caught by the crisis virus has been soothed"
- Carsten Brzeski, an economist at ING in Brussels
German business confidence improved for a third consecutive month in January, a sign Europe’s largest economy may avoid a recession. The Ifo institute’s business climate index, based on a survey of 7,000 businesses, rose to 108.3 from 107.3 in December.
USD
"We’ve had a clear turn toward ...
Title:
Dukascopy Morning Forex Overview : 18/01/2012
Fundamental Analysis
EUR
"We think the ECB could bring rates as low as 0.5 percent in March"
- Fabio Fois, an economist at Barclay's Capital
Eurozone inflation eased more than expected in December, giving the European Central Bank more room to lower borrowing costs as the economy heads toward a recession.
USD
"The pace of recovery has accelerated"
- Millan Mulraine, a senior U.S. strategist at TD Securities
New York region’s manufacturing sector grew in January at the fastest pace since May ...
Title:
Dukascopy Morning Forex Overview : 13/01/2012
Fundamental Analysis
EUR
"According to some recent survey indicators, there are tentative signs of stabilization of economic activity at low levels"
- Mario Draghi, the ECB president
The European Central Bank kept its benchmark rate at record low of 1 per cent on Thursday, a move widely expected by economists, and noted a “significant, if not substantial,” decrease in interest rates across markets.
USD
"The retail sales suggests that spending isn't really picking up any momentum"
- Sean ...
Title:
Dukascopy Afternoon Forex Overview : 12/01/2012
Fundamental Analysis
EUR
Europe’s stock markets fell on Wednesday following the drop in the oil prices. Stoxx Europe 600 index lost 0.35% or 0.89 points and closed at 249.9 while German DAX 30 index declined 0.17% or 10.64 points at finished at 6,152.34. UK FTSE 100 index tumbled 0.45% at 25.88 points, reaching 5,670.82 and French CAC 40 Index deteriorated 0.19% or 5.96 points to 3,204.83.
USD
Crude oil rose today as investors already have sold off the crude oil contracts after US reported ...
Title:
The U.S. Dollar pares advance before NFP report
The greenback snapped its earlier advance as investor's attention turned quickly to the NFP report which is expected to show that the world's no.1 economy added the largest number of jobs in three months in December.
The jobs report will show that the economy added 155,000 jobs in December, the largest addition, compared with the prior addition of 120,000, while unemployment will rise to 8.7% from 8.6%.
Investor's attention shifted quickly from the euro zone after the drop in European ...
Title:
Dollar Gains Appeal after ECB Loans Fail to Ease Debt-Crisis Fears
The Greenback rebounded against its peers following a series of economic events that kicked off demand from high-yielding assets on Wednesday, first, the Central Bank of England decided to keep the benchmark interest tares intact at 1.00 percent, followed by the European Central offer of a record three-month loans worth 489 billion euros which was met with incredibly large demand at an auction today, followed by the U.S housing data that outpaced economists’ average estimates for November.
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