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Asian Stocks AdvanceTitle:
Dukascopy Afternoon Forex Overview : 22/05/2012
Fundamental Analysis
EUR
Gold extended previous gains in Asian session on Tuesday as concerns over Greek exit from the single currency union eased. At G8 summit leaders of eighth largest economies stated that they would do everything possible to retain Greece in the Euro Zone. COMEX gold June contract traded at 1,592.35 US Dollars per troy ounce on the New York Mercantile Exchange, advancing by 0.23%.
USD
The US Senate has passed a bill aimed at tightening sanctions imposed on Iran to force the country to cease its nuclear program. The new sanctions imply investigation of role of Iran's Revolutionary Guard in oil exports as well as obliging the US companies to disclose any business activities with Iranian partners. The move came ahead of negotiations between Iran and six major ...
Title:
Asian Stocks Advance On China's Call For Stronger Growth But Sentiment Still Fragile
After China's premier called for additional efforts to support growth, Thailand's economy grew firmly in Q1 and world leaders urged Greece to stay in the euro zone, Asian stocks recovered some of last week's losses, the yen slid while commodities gained.
The MSCI Asia Pacific Index added 0.5% at 12:56 in Tokyo as worries eased on believes China and Japan may take steps to support growth, while world leaders called for Europe to balance austerity with growth during the G-8 summit.
China's Premier Wen Jiabao said over the weekend that his country must adopt a “proactive fiscal policy and a prudent monetary policy” to support growth, spurring speculations of additional stimulus since inflation is moderating.
Meanwhile, Japan is expected to ease its monetary policies even more during BoJ's ...
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Asian stocks returned to losses on collective downgrades including Spanish banks, Greece and China
As Europe’s debt crisis is threatening the global recovery, market participants limited their risk exposure while some inventors locked on to their profits ahead of the weekend, driving the Asian stocks lower where the MSCI Asia Pacific Index dropped 2.2% at 11.28 in Tokyo, and is down 0.8% this year.
Global equity markets lost almost $4 trillion dollars this month as Europe’s debt crisis is worsening threatening the global economic stability. Moody’s downgraded 16 Spanish banks on Thursday after the nation fell into recession during the first quarter while loan losses are mounting.
Meanwhile Fitch Ratings downgraded Greece by one notch to CCC from B- since its political deadlock is pushing the country out of the euro zone, as attempts to form a new government failed, leading to new ...
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Most Asian stocks rise on Japan’s growth, yet fears over Europe persist
Most Asian stocks advanced on Thursday dragged by the better-than-expected growth in Japan and by ECB’s decision to limit its risk exposure by stopping lending to some Greek banks. The MSCI Asia Pacific Index rose 0.7% at 13:42 in Tokyo.
Japan`s economy grew 1.0% during this year’s first quarter compared with -0.2% previous, while annually the economy grew 4.1% from -0.7% previous, on solid consumer spending, public investment and some improvement in exports.
Sentiment was also boosted by Japan’s industrial production which rose in March by 1.3% from 1.0% previous, and the Feds pledge to intervene and add stimulus if growth momentum slows and risks to the economic outlook increase.
Meanwhile the European Central Bank decided on Wednesday to limit its risk exposure and temporarily atop ...
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Greece’s situation continues to drive markets; most asset class closed in negative territory
What’s new:
Forex: RBA opened the door for an additional rate-cut in the near future, AUD higher
Global Markets: Asian stocks down on Greece Exit Fears
Italy: Moody’s downgrades 26 banks, including UniCredit and Intesa SanPaolo
Commodities: Gold hits a 5-month low at $1’548
Comment:
Overnight, the Reserve Bank of Australia released its Monetary Policy Meeting Minutes which showed the possibility of an additional 50 basis point Official Cash Rate cut based on weaker economic growth, high inflation data and global uncertainties.
Back in Europe, the euro trimmed away around 15 pips against dollar following Moody’s decision to downgrade 26 Italian banks due to deteriorating conditions in the country’s economy, in its financial sector, and a limited access to market financing. Growing ...
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Dukascopy Afternoon Forex Overview : 04/11/2012
Dukascopy Fundamental Analysis
EUR
European stocks declined as company earnings missed estimates, talks on forming a Greek government entered a fifth day and JPMorgan Chase & Co. posted a $2 billion trading loss. Asian shares and U.S. futures fell.
USD
Wholesale prices in the U.S. fell in April for the first time in four months, led by a decline in fuel costs that signals inflation may cool. The producer price index dropped 0.2 percent after no change in March, Labor Department figures showed today in Washington.
GBP
Britons turned gloomier last month as a slump in construction pointed to an even deeper recession and producers ramped up prices, highlighting the long and difficult road back to economic health.
CHF
Swiss stocks fell for the seventh day, heading for the biggest weekly ...
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China’s slower exports brought volatility in Asia; eyes on Europe and BoE
Pessimism brought volatility in Asian on Thursday, where the Asian stocks swung between gains and losses while the MSCI Asia Pacific Index rose only 0.1% at 14:25 in Tokyo, after China’s slowing growth was confirmed by the trade balance data.
Investors continue to limit their appetite for risk as cautious persist since doubts over the strength of the US recovery were combined with the complicating the outlook for Europe and the slower growth in China.
Greece’s political deadlock is still a major concern for markets, as it puts the eurozone unity at risk, derail the austerity plans and could aggravate the region’s debt crisis especially after the political changes seen in France.
The leader of Greek leftist party Syriza, Alexi Tspiras, failed again to form a government coalition, which ...
Title:
Dukascopy Morning Forex Overview : 09/05/2012
Fundamental Analysis
EUR
"The debt crisis damps demand for German products in Europe but Russia, China, India, Brazil and South Africa should generally be able to compensate declining sales."
- Gerd Hassel, an economist at BHF Bank AG
German industrial production unexpectedly soared in March, adding to signs the euro zone’s largest economy is weathering debt crisis. Production jumped 2.8 per cent from February, when it declined 0.2 per cent, said the Economy Ministry on Tuesday.
USD
"People are preparing for a shock that may or may not occur."
- Michael Holland, chairman and founder of New York-based Holland & Co.
U.S. stocks fell on Tuesday as Greece’s bailout pledge came into question.
GBP
"The health of the housing market is a reverberation of consumer confidence and credit ...
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Asian stocks advance on eased worries over Europe ahead of Australia’s budget
Investors managed to overlook the uncertainties over Europe after Holland won French presidency and Greece voters rejected the pro-bailout policies, as the USD strengthened, Angela Merkel said “the fiscal pact is not negotiable”, while factory orders rose in Germany more than expected, pushing the Asian stocks higher with the MSCI Asia Pacific Index rising 0.2% at 13:27 in Tokyo.
Sentiment improved on Monday following a day of sharp losses when the dollar opened with a price gap on worries over the eurozone`s ability to introduce further austerity measures after the elections across Europe complicated the outlook for Europe and worsened the prospects for global recovery.
Francois Hollande, who won France’s presidential elections, criticized Germany`s heavy emphasis on austerity and ...
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