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Concern For The Global RecoveryTitle:
Dukascopy Afternoon Forex Overview : 08/02/2012
Fundamental Analysis
EUR
German exports declined more rapidly than economists predicted in December as debt crisis harmed the export demand across the troubled region. Exports lost 4.3% compared to November when they added 2.6%. In contrast, analysts predicted only a 1% decline in European biggest economy's exports. Nevertheless economists suggest the German exports may gain momentum in 2012 as business confidence surged in January.
USD
Coca-Cola the world's biggest soft-drink producer, ...
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Oil gains on falling inventories, Greece
(Reuters) - Brent crude oil was heading for its highest close in more than six-months on Wednesday, propelled by falling inventories in the United States, optimism of a deal to bail out Greece and tension between Iran and the West.
Front-month Brent gained 25 cents to $116.48 a barrel by 1348 GMT, its seventh straight day of gains. It was on track for its highest close since early August.
U.S. March crude rose $1.20 to $99.61 a barrel, buoyed by an unplanned outage at a Canadian oil sands ...
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Weekly Economic and Financial Commentary : 05/02/2012
Weekly Economic and Financial Commentary : 05/02/2012
U.S. Review
Off to a Good Start for the Year
The employment report for January showed that 243,000 jobs were added with the unemployment rate declining slightly to 8.3 percent. The details of the report however, suggest that unseasonably warm weather may be playing a role in the stronger job gains.
The ISM-Manufacturing Index posted a marginal improvement in January as new orders jumped for the month. Export orders also posted a ...
Title:
Central Banks - Still Easing for Now
Economic Data Analysis
Central Banks - Still Easing for Now
Ongoing negotiations over Greek bail out, with ECB standing pat ahead of next LTRO.
MPC likely to continue QE with further £50bn, but difficult judgements lie ahead.
RBA to cut rates this week; easing Chinese inflation pressures could herald PBoC loosening.
Another week closes with the promise of a deal on the Greek PSI debt swap. The urgency for such a deal is rising with a hard deadline of 13 February approaching. The ...
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Greenback edges up against euro before U.S. jobs report
The euro drifted lower in late New York trade on Thursday, unable to hold gains made after Federal Reserve Chairman Ben Bernanke defended low interest rate policies, a negative for the greenback, saying the U.S. economy still needs official support.
Investors experienced a volatile session that played Bernanke against a still unresolved Greek debt restructuring, despite rhetoric that a deal was imminent. The euro see-sawed between gains and losses, in reaction to the latest headlines.
Bernanke' ...
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Gold climbs towards 8-week high as stocks rise
Gold prices rose on Thursday, approaching their earlier eight-week peak above $1,750 an ounce, as a larger than expected fall in new U.S. claims for unemployment benefit lifted stock markets and helped pull the dollar off highs versus the euro.
The precious metal has risen nearly 12 percent this year, supported by the Federal Reserve's announcement that it would hold U.S. interest rates at rock bottom for an extended period. The move is set to keep the dollar under pressure and the opportunity ...
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Nikkei steady, optimism remains despite ugly earnings
The Nikkei average held on to recent gains on Wednesday, edging up for the second session and brushing off worse-than-expected earnings from blue chips like Honda Motor Co (7267.T), with some market players saying earnings gloom has already been priced in.
Optimism about Japanese equities and hopes for a better-than-expected recovery in the United States pushed the Nikkei to a 4.1 percent gain last month, its best January performance since 1999.
"There is a lot of delayed investment. And there ...
Title:
Dukascopy Morning Forex Overview : 01/02/2012
Fundamental Analysis
EUR
"The debt swap agreement is ready, but it will not be announced before the end of the week"
- A senior Greek banker
The leaders of 25 European Union member countries Monday signed a German-inspired pact for stricter budget discipline which will impose sanctions on countries that run excessive deficits and rack up unsustainable debts.
USD
"Consumer confidence appears to have leveled off, as job growth isn’t quite as good and gasoline prices have moved back up"
- ...
Title:
U.S ahead: home prices and confidence
Later on today we will most probably watch the world's leading economy home prices throughout 20 of the country cities fall at a slower pace in the year ending November while that consumer confidence of this month could have boosted up and gained further momentum due to the current optimism spread regarding this new year along with an improved growth concerning the Canadian economy.
In fact on one hand the S&P/ CS Composite -20 or in other words the value of the residential real estate market ...
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