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European Data LiftedTitle:
Shares, dollar near highs on bright outlook
(Reuters) - European shares traded near eight-month highs on Thursday as a brighter global economic outlook fuelled investor risk appetite, underpinning the dollar and reducing the appeal of safe-haven government debt.
Improving U.S. economic data and a signal from the Federal Reserve that it was not planning further monetary easing measures for now has sparked a big selloff in U.S. government debt, lifted the greenback against a basket of currencies and eased prices of commodities traded in dollars.
"Investor sentiment has completely changed. In the past, people were expecting (U.S.) growth of around 1.5 percent but now they say growth could top three percent," said Hiroshi Yokotani, director of fixed income at Alliance Bernstein.
World equities markets shared in the gains on Wednesday ...
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YouTradeFX Daily Market Analysis : 15/03/2012
Fundamental News:
Today’s highlights:
Interest Rate Decision (CH, 09:30 GMT)
ECB Monthly Report (EUR, 10:00 GMT)
Initial Jobless Claims + Core PPI (MoM) (U.S, 13:30 GMT)
The U.S. current account deficit saw a notable increase in the fourth quarter of 2011. According to figures released Wednesday by the Commerce Department, current account deficit was at $124.1 billion, up from the $107.6 billion deficit. In addition, U.S. import and export prices both increased in the month of February, according to a report released by the Labor Department on Wednesday, with the increase in import prices largely due to a notable jump in fuel prices. While, U.S. mortgage applications fell 2.4 percent in the week ending March 9, following a 1.2 percent drop registered the previous week, ...
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Dollar gains; shares slip on China growth woes
(Reuters) - Asian shares eased on Thursday on renewed concerns about Chinese growth, but a brighter global economic outlook underpinned the dollar and kept investor risk appetite intact, reducing the appeal of safe-haven government debts.
Financial spreadbetters expected major European markets .FTSE .FCHI .GDAXI to open about 0.1 to 0.4 percent higher. .L .EU
The MSCI Asia Pacific ex-Japan index .MIAPJ0000PUS eased as much as 0.5 percent and was last down 0.2 percent, led by falls in the materials sector .MIAPJMT00PUS and resource-reliant Australian shares.
But Japan's Nikkei .N225 rose 1 percent to an eight-month high as a weaker yen boosted exporters. .T
The dollar touched a fresh 11-month high against the yen of 84.187 and hit a two-month high against a basket of major currencies at ...
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Dukascopy Morning Forex Overview : 14/03/2012
Fundamental Analysis
EUR
The eurozone crisis appears to have "taken a pause for breath"
- Wolfgang Franz, ZEW president
An index of German investor confidence rose to 22.3 in March, the highest level in more than 20 months, from 5.4 in February, said the ZEW Centre for European Economic Research on Tuesday. ZEW sentiment is based on a survey conducted among 350 German investors and analysts, who are asked to assess the six-month economic outlook.
USD
"The economy is moving towards a self-sustaining recovery"
- Jeffrey Saut, chief investment strategist at Raymond James & Associates
U.S. month on month retail sales grew at a fastest pace in five months in February, suggesting the worlds largest economy is gaining steam even despite rising gasoline prices, said the Census Bureau on ...
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Oil ends at 11-month peak on economic data, Fed
Brent crude prices settled at an 11-month high on Tuesday as improving German economic sentiment, rising U.S. retail sales and the U.S. central bank's reiteration that it plans to keep interest rates low fuelled optimism about growth.
After a one-day meeting, the U.S. Federal Reserve also acknowledged signs of strength in the economy and said recent financial market strains have eased, offering few clues on the chances for further monetary easing.
"The Fed decision is supportive for the oil market," said John Kilduff, partner at Again Capital LLC.
"By not announcing further measures, for now, current conditions that have improved modestly and that have rallied energy prices off their October lows should continue to be the primary factor in determining price direction," Kilduff added.
...
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Oil rises on supportive economic data, Fed
Oil prices rose Tuesday in choppy trading as improved German economic sentiment, rising U.S. retail sales and the U.S. central bank reiterating its intention to keep interest rates low fuelled optimism about economic growth.
After a one-day meeting, the U.S. Federal Reserve also acknowledged signs of strength in the economy and said recent financial market strains have eased, offering few clues on the chances for further monetary easing.
"The Fed decision is supportive for the oil market," said John Kilduff, partner at Again Capital LLC.
"By not announcing further measures, for now, current conditions that have improved modestly and that have rallied energy prices off their October lows should continue to be the primary factor in determining price direction," Kilduff added.
Brent April ...
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Dukascopy Afternnon Forex Overview : 13/03/2012
Dukascopy Fundamental Analysis
EUR
European governments urged Spain to implement larger budged deficit cuts to prevent debt crisis from returning to the region. 10 days ago Spanish PM Rajoy unilaterally increased Spain's deficit target to 5.8% of GDP for year 2012 and claimed the country will aim to attain region's common target of maximum 3% in 2013. The announcement was not praised by region's officials who recently signed fiscal discipline treaty.
USD
US federal budget deficit widened more than expected in February, reported Department of the Treasury. The US federal budget balance declined to minus 231.7 billion US Dollars on a seasonally adjusted basis in February as compared to minus 27.4 billion US Dollars in January. Experts predicted the deficit to attain 229.3 billion US ...
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U.S., Europe data boost stocks, dollar
Strong data in the United States and Germany lifted global stocks and the dollar to multi-week highs on Tuesday, even as the U.S. Federal Reserve was expected to keep a subdued tone on the possibility of more stimulus to the world's biggest economy.
European shares touched a three-week high, and U.S. stocks opened higher. The dollar hit a one-month peak against the euro.
U.S. retail sales for February showed the largest gain in five months, boosting hopes for the recovery.
In addition, German think tank ZEW's monthly index of analyst and investor sentiment showed a much higher than expected rise in the outlook for the economy -- although a separate gauge of current conditions was weaker.
"We're looking at a more positive fundamental backdrop, especially out of the U.S.," said Sean ...
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Economic growth hopes lift shares, buoy dollar
(Reuters) - European shares rose and the dollar held near highs on Tuesday on hopes German and U.S. data will fuel expectations of an economic recovery and of no fresh stimulus moves from the Federal Reserve later in the day.
Germany's ZEW economic sentiment index, due at 1000 GMT, should show Europe's biggest economy steadily recovering from last year's dip, while U.S. February retail sales, due at 1230 GMT, are expected to reveal a second straight month of gains.
Strong data from the two economic powerhouses should combine to support stocks and growth-linked currencies like the Australian and New Zealand dollars, said Steve Barrow, head of G10 currency research at Standard Bank.
"There is an upside risk to U.S. retail sales data, given the underperformance last month."
The broad FTSE ...
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