Dollar Registered Losses

Fundamental News Today’s highlights: Claimant Count Change (GB, 09:30 GMT) Core CPI (YoY) (EUR, 10:00 GMT) German 10-Year Bund Auction (GER, 10:30 GMT) BoE Gov King Speaks + BoE Inflation Report (GB, 10:30 GMT) Manufacturing Sales (MoM) + Building Permits + Housing Starts (U.S., 13:30 GMT) Industrial Production (MoM) (U.S., 14:15 GMT) ECB President Draghi Speaks (EUR, 15:00 GMT) FOMC Meeting Minutes (U.S., 19:00 GMT) The Department of Labor revealed that consumer prices in U.S were flat in April compared to the previous month. While the Commerce Department said that U.S retail sales edged up by 0.1 percent in April following a revised 0.7 percent increase in March and the business inventories rose by 0.3 percent in March following a 0.6 percent increase ...

Fundamental News Today’s highlights: · 10-Year Note Auction (U.S., 18:00 GMT) · Wholesale Inventories (MoM) (U.S., 15:00 GMT) · Crude Oil Inventories (U.S., 15:30 GMT) · MBA Mortgage Applications (WoW) (U.S., 12:00 GMT) Bloomberg News reported that, manufacturers in the U.S. became less- optimistic about 2012 sales growth than at the end of last year, while service companies grew more upbeat, according to a survey by the Institute for Supply Management. Purchasing managers at U.S. factories said they anticipate sales will grow 4.5 percent this year, less than a 5.5 percent December prediction, according to the Tempe, Arizona-based group’s semiannual forecast issued yesterday. Moody’s Investors Service will this month start cutting the credit ratings of ...

Fundamental News Today’s highlights: · ECB President Draghi Speaks (EUR, 13:30 GMT) · FOMC Member Fisher Speaks (U.S., 16:15 GMT) · Housing Starts (CAD, 13:15 GMT) Consumer borrowing in the U.S. surged in March by the most in more than a decade on growing demand for educational financing and autos. Credit rose by $21.4 billion, the biggest gain since November 2001, to $2.54 trillion, Federal Reserve figures showed today in Washington. The advance was paced by a $16.2 billion jump in non-revolving debt, including student and car loans. Australia’s trade deficit was at A$1.587 billion in March, the Australian Bureau of Statistics said on Tuesday. That missed forecasts for a shortfall of A$1.4 billion after showing a deficit of A$754 million in February. Exports ...

Fundamental News Today’s highlights: · Halifax House Price Index (MoM) (GB, 08:00 GMT) · Retail Sales (MoM) (EUR, 10:00 GMT) · Nonfarm Payrolls + Unemployment Rate (U.S, 13:30 GMT) · Ivey PMI (CAD, 15:00 GMT) New claims for unemployment in the U.S. fell by 27,000 to a seasonally adjusted level of 365,000 and U.S worker productivity showed a 0.5 percent decline amid jump in hours worked, according to figures released Thursday by the Labor Department. The ISM said its non-manufacturing index dropped to 53.5 in April from 56.0 in March, although a reading above 50 indicates continued growth in the service sector. The ECB left its key interest rate unchanged for the fifth consecutive month in May, as expected. ECB President Mario Draghi left open the option ...

Sunrise Market Commentary - Fixed Income: German yields set record lows - Depressing April PMI's and unemployment data in the EMU set the tone for a risk off session. Core bonds surged higher and the German Bund future reached a new record high. In the US session, US equities rebounded and triggered profit taking in US treasuries. German bonds stayed near the highs however. - Currencies: Awful EMU PMI data hit the euro - The focus in currency trading shifted from the US to Europe. On Tuesday, EUR/USD declined due to dollar strength in the wake of the ISM release. On Wednesday, an awful set of EMU data triggered a next selling wave. EUR/GBP continues to set new lows, too. We doubt that the Draghi press conference will be able to change the course of events The Sunrise ...

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 ...

Copper steadied on Thursday following a 3 percent loss the prior session, helped by consumer buying and stabilizing appetite for risk, but any gain was expected to be limited ahead of the long Easter weekend in U.S. and European markets. Three-month copper on the London Metal Exchange traded at $8,335.25 a metric ton at 0930 GMT, down by 0.2 percent from a close of $8,350 a metric ton on Wednesday. Copper this week rallied to within 1 percent of 2012 peaks above $8,700 a metric ton on anticipation of fresh easing by the world's biggest economy, before minutes from a U.S. monetary policy meeting on Tuesday quashed those expectations and led to a divestment of risk across markets. Prices have been caught in a sideways range since late January, buttressed by consumer buying around $8,200 a ...

Today’s highlights: · Interest Rate Decision (GB, 11:00 GMT) · Initial Jobless Claims (U.S; 12:30 GMT) · Ivey PMI (CAD, 14:00 GMT) Treasury Secretary Timothy Geithner expressed his optimism about the outlook for the economy, but stressed that the nation faces "very tough challenges", Wednesday in Chicago. He warned lawmakers against making drastic spending cuts at a time when U.S. households undertake the painful but necessary process of de-leveraging. "A growth strategy for the American economy requires more than promises to cut taxes and spending," Geithner said. The European Central Bank President Mario Draghi said on Wednesday, that any talk of an exit strategy regarding monetary policy in the euro area is "premature" despite upside risks to inflation. ...

(Reuters) - World stocks fell and gold prices dropped 2 percent on Tuesday as minutes from the latest U.S. central bank meeting showed policymakers may be less willing to launch further economic stimulus. The dollar rose 1 percent against the yen, while safe-haven bonds slid. Federal Reserve policymakers, in their March meeting minutes, noted recent signs of slightly stronger growth but remained cautious about a broad pick-up in U.S. economic activity. Still, the minutes suggested the appetite for another dose of stimulus via quantitative easing, so-called QE3, has eased. The MSCI world equity index .MIWD00000PUS dropped 0.4 percent, while the benchmark S&P 500 had its worst day in a week. "There have been signs of strength in manufacturing and employment. That has the Fed taking a ...