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Day In Europe Is The MinimumTitle:
Dukascopy Afternoon Forex Overview : 05/14/2012
Dukascopy Fundamental Analysis
EUR
Industrial production in the 17 countries that use the euro fell unexpectedly in March, leaving little doubt the region contracted for a second straight quarter in the first three months of the year and returned to recession, data by Eurostat showed Monday.
USD
Stocks fell, commodities declined to their cheapest level this year and the euro weakened to a three- month low on concern that Greece will exit the single European currency and after German Chancellor Angela Merkel’s party lost a state election.
GBP
The government, and many economists, say the U.K.'s austerity plan has succeeded in reassuring financial markets that the government is focused on wrestling down the country's debt, which had ballooned to the highest levels since World War II. As a ...
Title:
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 ...
Title:
Dukascopy Afternoon Forex Overview : 04/10/2012
Dukascopy Fundamental Analysis
EUR
Greece’s next government may hold a trump card worth more than $510 billion if it heeds voters’ demands to renegotiate its bailout with the European Union.
USD
Treasury prices declined on Thursday, pushing yields up from their lowest levels since February, as news out of Europe eased some near-term uncertainty and reduced demand for the relative safe-haven status of U.S. debt.
GBP
Bank of England officials halted stimulus expansion after seven months of bond purchases as the threat of inflation trumped concerns about an economy that’s succumbed to a double-dip recession. The nine-member Monetary Policy Committee led by Governor Mervyn King today held its quantitative-easing target at 325 billion pounds ($525 billion), ending a second round of stimulus. ...
Title:
Retails Sales Drift Down, Sterling Follows
The Great Britain pound fell today after a report showed that UK retail sale declined. The negative data ahead of the policy meeting makes market participants question what actions the central bank will take.
British Retail Consortium reported that retail sales were down 3.3 percent in April from a year ago. In March, an increase by 1.3 percent was registered. The United Kingdom face a double-dip recession and various indicators show it.
The Bank of England will hold a monetary policy meeting yesterday. Analysts are divided in their forecasts of the central bank’s decision. Many experts predict that the bank will keep its interest rates and asset purchase program unchanged. Yet easing of the policy cannot be considered improbable in the light of poor fundamentals.
GBP/USD slipped from 1. ...
Title:
Dukascopy Afternoon Forex Overview : 04/09/2012
Dukascopy Fundamental Analysis
EUR
European stocks dropped for a second day, to the lowest level in almost four months, as investors awaited a resolution to the political impasse in Greece and as Spanish credit risk surged. The Stoxx Europe 600 Index (SXXP) lost 1.1 percent to 247.75 at 2:15 p.m. in London, the lowest since Jan. 13, as the euro weakened for an eighth day. The Stoxx 600 has tumbled 9 percent from this year’s high on March 16, trimming this year’s advance to 1.3 percent.
USD
U.S. stock futures retreated, indicating the Dow Jones Industrial Average will drop for a sixth straight day, as Greece’s political impasse intensified concern about a worsening of the European sovereign-debt crisis.
GBP
U.K. retail sales fell the most in more than a year last month as poor weather ...
Title:
Taiwan Dollar Fluctuates, Will Central Bank Allow Currency Appreciate?
The Taiwan dollar fluctuated today as the impact of the general negative sentiment on the Forex market battled with the influence of speculation that the nation’s central bank will allow the currency appreciate.
Analysts speculate that Taiwan’s central bank will tolerate gains of the currency to stem growth of inflation even as the strong currency puts pressure on exporters. Inflation accelerated to 1.44 percent in April from a year ago after consumer prices increased 1.25 percent in March. At the same time, exports declined 6.4 percent last month from a year earlier, compared with the 3.2 percent drop in the month before.
Taiwan dollar considered to be a risky currency and as such suffers from risk-off sentiment on FX market. Elections in various countries of Europe create a sense of ...
Title:
Taiwan Dollar Fluctuates, Will Central Bank Allow Currency Appreciate?
The Taiwan dollar fluctuated today as the impact of the general negative sentiment on the Forex market battled with the influence of speculation that the nation’s central bank will allow the currency appreciate.
Analysts speculate that Taiwan’s central bank will tolerate gains of the currency to stem growth of inflation even as the strong currency puts pressure on exporters. Inflation accelerated to 1.44 percent in April from a year ago after consumer prices increased 1.25 percent in March. At the same time, exports declined 6.4 percent last month from a year earlier, compared with the 3.2 percent drop in the month before.
Taiwan dollar considered to be a risky currency and as such suffers from risk-off sentiment on FX market. Elections in various countries of Europe create a sense of ...
Title:
Euro eases but possible short covering may lend support
(Reuters) - The euro eased on Tuesday but stayed above the previous day's three-month low, with the potential for short covering seen offering the currency some support even as political uncertainty in Greece clouded its outlook.
The single currency dipped 0.1 percent from late U.S. trade on Monday to $1.3035, but stayed well above Monday's trough near $1.2955, its lowest level since late January.
The euro came under pressure on Monday after elections in Greece and France cast doubt on the ability to push through austerity plans regarded as key to tackling the euro zone debt crisis.
"This seems to me like a pretty serious situation," said Satoshi Okagawa, senior global markets analyst at Sumitomo Mitsui Banking Corp. in Singapore, referring to the election results and political ...
Title:
Dukascopy Afternoon Forex Overview : 04/07/2012
Dukascopy Fundamental Analysis
EUR
France has elected new president, Francois Hollande who polled about 52% of the votes. Mr Hollande said that he is proud to return hope to people again. He also announced that he would attempt to rework deal regarding sovereign debt in the Euro Zone countries to promote economic expansion.
USD
The smalest payroll increase in last 6 months has not influenced the investors who still do not forecast another wave of recession in the US. Better housing and employment data has encouraged experts to believe that from the fundamental perspective the world's largest economy is on the path to recovery.
GBP
May 7 was a bank holiday in Great Britain.
CHF
The official SNB exchange rate for EUR/CHF is 1.2013 today; yield on 10-year Swiss Confederation bonds ...
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