Asian Stocks Managed

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 ...

MORNING BRIEFING: No News is good News, or? What’s new: Asia: Awaiting news from Greece and potential spill-over effects. JPY offered on speculation that BoJ will add stimulus to boost growth. United States: Risk aversion moved flow from stocks to treasuries. 10yr generic fixed income futures in all-time highs at 133-27. USD weak on Friday. G8: Another round of talk, but no action on Greece. Europe: Slightly negative across the board in stocks. Only Spain managed to recover some of the losses, closing up 0.4%. EUR/USD re-visiting 1.28+ this morning. Rates in Asia and Indices: EUR/USD 1.2742 1.2813 -0.04 % USD/CHF 0.9375 0.9422 -0.07 % GBP/USD 1.5795 1.5839 -0.02 % USD/JPY 79.03 79.31 -0.34 % EUR/CHF 1.2010 ...

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 ...

www.sunbirdfx.com Wall Street opened the trading week on mixed territory as Dow closed negative NASDAQ and S&P closed positive. On the beginning of the day it looked like the indices were about to continue the bearish momentum from Friday after sharp declines in Europe and Asia. Eventually, the indices managed to rise and close around Friday's closing levels. The S&P 500 opened the trading session around 1360 points, which is the lower boundary of the channel it is moving through and as we mentioned yesterday, the index might continue stamping between 1360 points and 1400 points for a while. AUD/USD The crash of the US futures and the European & Asian markets during yesterday morning caused large gaps in most of the currencies pairs, as the USD strengthened due to these declines. Later, ...

Fundamental Analysis EUR " show that despite the crisis in the euro area, Germany is growing and benefiting from a revival in international trade." - Klaus Baader, senior economist at Societe Generale SA German factory orders rose by more than forecast in March, a sign Europe’s largest economy is weathering the debt crisis. USD "From where we sit right now, we think the economy looks fundamentally stronger." - Marisa Di Natale, an economist at Moody’s Analytics in West Chester U.S. stocks closed mixed on Monday after Francois Hollande was elected as a French president and Greek voters turned to antibailout parties. GBP "… the challenging economic backdrop suggests that a significant acceleration in prices or activity is unlikely in the near term." - Robert Gardner, Nationwide’s ...

Fundamental Analysis EUR German DAX index edged lower on Friday as investors awaited for US jobs data amid dropping commodity prices. Moreover European investors stayed cautious ahead of elections in Germany, Italy, France and Greece this weekend. At the moment of writing DAX index is 0.53% or 36.65 points down at 6,657.64. USD Crude oil futures moved higher during Asian session on Friday amid broadly weaker US Dollar. The greenback's index that measures its performance against six main currencies declined by 0.05% to 79.24 US Dollars. Meanwhile, light, sweet crude oil futures for delivery in June traded at 102.67 Us Dollars per barrel on the New York Mercantile Exchange, advancing by 0.13%. GBP Royal Bank of Scotland Group said on Friday its loss for the first three months of 2012 ...

Dukascopy Fundamental Analysis EUR Spain faced increasing borrowing costs during successful sale of bonds with two and ten-year maturity. The country's Treasury sold 1,116 billion Euros of two-year bonds at yield of 3.463% and 1,425 billion Euros in ten-year bonds with yield of 5.743%. Demand for Spain's debt was strong as bids surpassed demand 3.3 times. USD Stock index futures indicated a lower opening on today’s USA session on the EU concerns. Additionally, news from Wal-mart on a possible bribery case had negative influence on stock indices. GBP According to experts from zifx.com, following an extensive rally of GBP/USD, the currency pair is presently overgoing a bearish correction. While the initial support and resistance levels are situated at 1.6037 and 1.6154, respectively, ...

Fundamental Analysis EUR Spain faced increasing borrowing costs during successful sale of bonds with two and ten-year maturity. The country's Treasury sold 1,116 billion Euros of two-year bonds at yield of 3.463% and 1,425 billion Euros in ten-year bonds with yield of 5.743%. Demand for Spain's debt was strong as bids surpassed demand 3.3 times. USD The American session also gained from the higher-than-estimated German Ifo business climate reading released today. The increase in stocks was also accompanied by a gain in commodity prices and a decline of treasury yields. GBP British FTSE 100 index traded modestly higher on Friday as data showed UK retail sales rallied in March, reaching 1.8% growth instead of predicted 0.4% gain. IMI Plc jumped 1.8% after engineering group reported an ...

Fundamental News Today’s highlights: German 10-Year Bund Auction (GER, 09:30 GMT) Housing Starts (CAD, 12:15 GMT) Import Price Index (MoM) (U.S, 12: 30 GMT) 10-Year Note Auction + Beige Book + Federal Budget Balance (U.S, 18:00 GMT) U.S. wholesale inventories rose by more than expected in the month of February. The level of inventories for wholesalers was at a seasonally adjusted level of $478.9 billion in February, reflecting a 0.9 percent increase from January levels, according to figures released Tuesday by the Department of Commerce. A leading indicator of economic performance in the Organization for Economic Cooperation and Development (OECD) area increased for the fourth straight month in February. The composite leading indicator, which is designed to anticipate ...