ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Dollar Against A TradeTitle:
Global stocks, euro slip on weakening growth
(Reuters) - U.S. stocks and the euro edged lower on Thursday as data suggested Europe's debt woes were spreading and worsening a global economic slowdown.
In a volatile session, investors looking for bargains earlier bought equities, oil and gold which have been battered this week by worries Greece would leave the euro zone. But the buying of growth-oriented assets faded as worries about the euro zone's drag on the world economy returned.
Stocks and other riskier assets turned negative as disappointing data from Europe, China and the United States compounded concerns about the economic contraction moving across Europe.
Amid speculation of more coordinated efforts from major central banks to stem further deterioration of the euro zone debt crisis, bond yields of Spanish, Italian and ...
Title:
Dukascopy Afternoon Forex Overview : 24/05/2012
Fundamental Analysis
EUR
European stocks returned to growth, despite services and manufacturing purchasing managers indices across Europe and German business confidence shrank more than expected. The Stoxx Europe 600 Index added 1.0 percent to 241.81. Cable & Wireless Communications Plc soared 19 percent. Sonova Holding AG gained 2.5 percent. Bayer AG declined 1.1 percent. U.S. futures and Asian stock little changed. S&P 500 futures gained 0.3 percent, MSCI Asia Pacific index added 0.1 percent.
USD
The US Dollar followed bullish trend on Thursday as Germany disapproves issuance of Eurobonds that may help to ease Greek debt burden. Traders are also cautions ahead of Euro Zone's manufacturing data release due later today. The US Dollar index, which tracks the greenback's performance ...
Title:
U.S shares fluctuated in the opening
The world`s leading economy saw its shares fluctuating throughout the opening session as mixed sentiments; fears and hopes, were spread on a local scale with on one hand orders for business equipment dropped for a second month and on the other hand Hewlett-Packard Co. gained significantly.
In fact Hewlett-Packard climbed 4.8 percent as the personal-computer maker announced plans to slice its workforce by 27,000 and reported quarterly sales and profit that topped estimates.
Facebook Inc. rose 1.9 percent, poised for a second day of gains, after tumbling 19 percent earlier this week. While that Tiffany & Co. dropped 7.6 percent as the world’s second-largest luxury jewelry retailer cut its full-year profit and sales forecasts.
The Dollar index which measures the performance of the U.S. ...
Title:
Euro Can’t Maintain Gains in Forex Trading
Earlier, the euro showed signs of fight as it headed higher against the US dollar. Now, though, the euro can’t maintain gains in Forex trading and is headed lower. Worries about the eurozone, and what’s next for the currency region, are causing doubt, and uncertainty means that Forex traders are looking for safety — and safety can’t be found in the euro right now.
After seeing some earlier gains and breaking back up through the 1.2600 level against the US dollar, euro is once again lower. The 17-nation currency has been unable to hold onto gains briefly enjoyed in the wake of positive economic data out of the United States. Now that optimism is gone, and traders are left with concerns about what’s next for the eurozone.
Investors are so seeking safety that they just bought 4.6 billion ...
Title:
Gold rebounds on the dollar’s drop, yet still faces pressure
Gold managed to rebound after the release of softer than expected U.S. durable goods report which pushed the dollar down and gave an advantage to dollar-denominated commodities.
The report showed that durable goods advanced 0.2% in April from a revised of -3.7%.
Accordingly, the U.S. dollar reversed its earlier gains to drop against a basket of major currencies. The dollar index fell to a low of 81.84 after touching a high of 82.36.
Recently, the inverse relation is becoming stronger and mainly the shiny metal’s direction is relying on the dollar’s movements.
However, gold may once again track the losses in the euro which remains under pressure amid worries the debt crisis is intensifying.
Yesterday, the informal EU summit showed disagreement over introducing Eurobonds as German ...
Title:
Weaker euro zone economy sends dollar higher
(Reuters) - The U.S. dollar climbed to a 20-month high and safe-haven German bonds set record low yields, after data showed Europe's economic woes intensifying as business confidence is undercut by talk of a Greek exit and slow progress in tackling the debt crisis.
Private-sector factory activity in China also faltered in May as demand for exports fell, in a worrying sign the impact of the euro zone crisis could be undermining the global economic recovery. Europe is China's largest export market.
But U.S. stock index futures have edged higher as investors remain hopeful that pending data on durable goods orders and initial jobless claims will show the world's largest economy is staying on track for recovery.
The slowdown in economic activity in Europe's powerhouse Germany sent the euro ...
Title:
Kiwi Pauses Decline, Can It Keep Gains?
The New Zealand dollar stalled its declined and rebounded today on speculations that losses were excessive. Gains were limited, though, as the disagreement between European leaders hurt demand for higher-yielding assets.
Losses were indeed big as the kiwi (the nickname of New Zealand’s currency) was falling since the beginning of May against the greenback and since the beginning of March versus the yen. In fact, just yesterday the currency touched the lowest level this year. The NZ dollar had a bit of good news today as the traded balance surplus widened to NZ$355 million in April from NZ$186 million in March. Nevertheless, the adverse global economic environment caused by Europe’s woes is likely to keep the kiwi from running much higher.
NZD/USD was up from 0.7516 to 0.7546 as of 11:02 ...
Title:
Markets Ignore Pessimistic Data after China Commits to Boost Growth
After the huge selloff seen through the week, markets returned once again to correct some of the losses incurred supported by the Chinese commitment to support growth and revive the recovery, where investors ignore the heavy load of pessimistic data as Greece still the highlight in markets amid the disappointing informal European Summit yesterday.
Surely, the sentiment is still negative and markets are to resume the bearish wave, but currently markets react to the positive Chinese announcement as the nation pledged to implement more and more measures to boost growth and revive the slowing pace of recovery, noting that China used to lead the pace of recovery worldwide.
Another bullish fact for markets today is the durable goods report from the world`s largest economy, where the critical ...
Title:
Persistent fears over debt crisis keep the euro near its lowest in 22 months
Investors continue to limit their risk exposure on Thursday, heading towards the safe haven dollar and the Japanese yen, as European leaders failed to adopt concrete actions during yesterday’s summit while manufacturing in China is seen shrinking for a seventh month in May according to HSBC.
With the risk of Greece exiting the euro zone not being eliminated by officials yesterday, the sentiment is seen negative, pushing the euro near the lowest since July 2010, especially after Italian Prime Minister Mario Monti backed French President Francois Hollande’s proposal of jointly underwrite regional bonds that Germany still opposes.
The risk remains subdued and markets trade with volatility today as data may show that Europe’s services and manufacturing industries shrank for a fourth month, ...
|