ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Currency As The Growing ConcernTitle:
Global Stocks, euro fall on less hope of Fed help, Spanish auction
(Reuters) - Global stocks dropped more than 1 percent and the euro fell to a 3-week low against the dollar on Wednesday a day after U.S. central bank meeting minutes dented hopes for more economic stimulus and a Spanish debt auction drew weak results.
Gold prices hit their lowest since early January, while U.S. bonds rallied as losses in the stock market enhanced the bid for safe-haven U.S. government debt.
Comments from European Central Bank President Mario Draghi that the euro zone's economic outlook is subject to downside risks related to the debt crisis and commodity prices further weighed on the euro, as well as gold.
Draghi's comments came in a news conference after the ECB announced it was holding interest rates at record lows, as widely expected.
The Federal Reserve's minutes ...
Title:
Euro down on Spain auction, Draghi and Fed minutes
(Reuters) - The euro fell to a three-week low against the dollar on Wednesday after European Central Bank President Mario Draghi said the euro zone economic outlook is subject to downside risks relating to the debt crisis and commodity prices.
The euro was already under pressure after Spain's borrowing costs jumped at a bond auction and on reduced expectations of further monetary stimulus in the United States after Tuesday's release of Federal Reserve meeting minutes.
Draghi's comments came in a news conference after the ECB announced it was holding interest rates at record lows, as widely expected.
The ECB president also told reporters that any talk of an end to loose monetary policy is premature given the poor state of the bloc's economy.
"It seems as though the European Central Bank ...
Title:
Euro hit by Spain auction, Fed minutes and Draghi
(Reuters) - The euro fell to a three-week low against the dollar on Wednesday after European Central Bank President Mario Draghi said the euro zone economic outlook is subject to downside risks relating to the debt crisis and commodity prices.
The euro was already under pressure after Spain's borrowing costs jumped at a bond auction and on reduced expectations of further monetary stimulus in the United States after Tuesday's release of Federal Reserve meeting minutes.
Draghi's comments came in a news conference after the ECB announced it was holding interest rates at record lows, as widely expected.
The ECB president also told reporters that any talk of an end to loose monetary policy is premature given the poor state of the bloc's economy.
"An overly cautious ECB would keep the euro ...
Title:
ECB holds rates as growth risks prevail
The European Central Bank held interest rates at a record low of 1 percent on Wednesday, resisting German pressure to flag an exit from its crisis-fighting mode while support measures take full effect and support an increasingly shaky recovery.
A batch of grim economic indicators and renewed concerns about the public finances in Spain - the euro zone's fourth-largest economy - have fuelled worries that the euro zone is in recession and that the sovereign debt crisis may flare up again.
"Downside risks to the economic outlook prevail," ECB President Mario Draghi told a news conference after the bank held rates, as expected.
Germany's powerful Bundesbank has led a push by central bankers from the euro zone's core for the ECB to begin preparing an exit from crisis measures that have seen ...
Title:
Euro hit by Spain auction, Fed minutes
(Reuters) - The euro fell to its lowest in nearly two weeks versus the dollar on Wednesday as Spain's borrowing costs jumped at a bond auction and after Federal Reserve minutes reduced expectations of further monetary stimulus in the United States.
After the European Central Bank held interest rates at record lows, as widely expected, markets focused on ECB president Mario Draghi's press conference due around 1230 GMT for clues to the future path of euro zone monetary policy.
The shared currency dropped more than 0.6 percent on the day against the dollar to $1.31411 on trading platform EBS, its lowest level since March 22. The euro's losses helped the dollar index .DXY rise to one-week high of 79.745.
"The latest leg down today was on some slight disappointment in the auction, and ( ...
Title:
Euro hits 2-week-low after weak Spanish auction; ECB eyed
(Reuters) - The euro hit a two-week low versus the dollar on Wednesday as debt-laden Spain's borrowing costs jumped at an auction and after Federal Reserve minutes reduced expectations for further monetary stimulus in the United States.
Analysts said the greenback was likely to hold its gains versus the euro as market players focused on a European Central Bank meeting later in the session, at which the bank is widely seen keeping rates on hold.
The shared currency dropped around 0.5 percent on the day against the dollar to $1.3161, its lowest level since March 22. Euro losses helped the dollar index .DXY extend its gains to 79.673, the highest level in more than a week.
"The latest leg down today was on some slight disappointment in the auction, and (peripheral) yield spreads are wider ...
Title:
Dukascopy Morning Forex Overview : 04/04/2012
Fundamental Analysis
EUR
"It is very hard to see how Spain can have a sustainable recovery"
- Frances Hudson, global strategist at Standard Life Investments
European stocks closed lower on Tuesday hit by concerns over Spain’s ability to tackle its deficit.
USD
"As the economy continues to strengthen, more of the pent-up demand will be released"
- Don Johnson, U.S. sales chief for General Motors Co.
U.S. factory orders rose for the third month in February, boosted by desire for business equipment. Bookings increased 1.3 per cent, Commerce department data showed on Tuesday.
GBP
"The UK economy is still facing huge challenges"
- John Longworth, director general at the British Chambers of Commerce
U.K. construction activity jumped to a 21-month high in March, reinforcing hopes that the ...
Title:
Spain debt fears drive stocks lower, oil falls
(Reuters) - European stocks fell and Brent crude dropped below $125 on Tuesday, as concern that the euro zone remained vulnerable to Spain's financial struggles eclipsed recent enthusiasm following better U.S. and Chinese manufacturing data.
European stocks .FTEU3 dropped 0.5 percent, with the Spanish stock index IBEX .IBEX tumbling 1.4 percent, hit by worries over Madrid's ability to tackle its debt burden while its economy flounders.
The MSCI world equity index .MIWD00000PUS was down 0.1 percent at 1130 GMT, taking a breather after a two-day rally, and U.S. stock index futures pointed to a lower open on Wall Street. Futures for the S&P 500, Dow Jones and Nasdaq 100 were down 0.2-0.3 percent.
Spain's debt will jump to its highest level since at least 1990 this year as the economy sinks ...
Title:
Stocks inch higher; FOMC minutes eyed
(Reuters) - World stocks rose for the third straight day on Tuesday and copper hit its highest level in nearly two months as investors' appetite for risky assets improved following solid U.S. and Chinese manufacturing data.
The MSCI world equity index .MIWD00000PUS was up 0.1 percent at 0843 GMT (04.43 a.m. EDT), adding to a 1.5 percent surge in two sessions. But European stocks .FTEU3 were slightly down, with Spanish shares .IBEX falling 0.7 percent on concerns over the country's finances.
"The mood is improving in the United States, but in Europe the temptation to book profits on stocks is high after the recent strong gains as doubts remain, particularly over Spain and Italy," Agilis Gestion fund manager Arnaud Scarpaci said.
"People are switching to more defensive stocks, such as ...
|