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Expectation The Euro ContinuesTitle:
Euro, stocks gain on Greece bailout hopes
(Reuters) - The euro hit an eight-week high against the dollar on Tuesday, helping lift stocks and commodities on signs a Greek bailout agreement was near, but the rally paused after a key meeting on Greece was postponed by a day.
The euro rallied after Greece appeared to be close to terms on a 130-billion-euro bailout. A government official said Athens was drafting a list of painful reforms to clinch a new financial package, moving it a step closer to a deal that is needed to avoid a chaotic ...
Title:
Wall St edges up as Greece draws up bailout terms
(Reuters) - Stocks edged higher on Tuesday as investors awaited the outcome of discussions on a bailout package for Greece that is critical to the country avoiding a chaotic default.
Greek officials worked on the draft of a text on the 130-billion-euro bailout plan that will be put to political leaders for approval while strikers protesting against more austerity tussled with police outside parliament.
A light U.S. economic calendar this week shifted investor focus back to the euro zone. With ...
Title:
Dukascopy Morning Forex Overview : 07/02/2012
Fundamental Analysis
EUR
"There is at least still sufficient demand for goods ‘made in Germany’ to keep the industrial engine running in 2012"
- Carsten Brzeski, senior economist at ING Group
German factory orders increased more than expected in December as demand from overseas helped the euro zone’s largest economy to weather the debt crisis. Orders rose 1.7 per cent, after declining 4.9 per cent in November, said the Economy Ministry on Monday.
USD
"You wonder when people are going to look ...
Title:
YouTradeFX Daily Market Analysis : 07/02/2012
Fundamental News:
Today's highlight;
· Fed Chairman Bernanke Testifies. (US, 15:00, GMT)
The EUR/USD is trading down at 1.3055 from early 1.3085, having been as low as 1.3028. European trading was a worrisome as investors could not decide what was happening. News from Greece was not promising.
Greece failed to agree on new austerity measures across political parties yesterday, a requirement for the proposed bailout to avoid default in March. There was some progress on bank ...
Title:
Gold slips as Greek bailout talks hurt euro, stocks
Gold prices fell on Monday, extending the previous session's 2 percent price drop, as concerns over the progress of Greek bailout talks weighed on the euro and on assets seen as higher risk, such as stocks and commodities.
Spot gold was down 0.5 percent at $1,716.44 an ounce at 1442 GMT, while U.S. gold futures for February delivery were down $21.10 an ounce at $1,719.20.
The precious metal posted its worst daily performance of the year on Friday after better-than-expected jobs data dampened ...
Title:
Greece approaches deadline today, euro weaker
Morning Briefing : Greece approaches deadline today, euro weaker
What's new:
Asia: Major equities seem mixed after a positive US close and doubts over Greece this morning
Greece: Coalition Parties face troika imposed deadline
United States: Stronger than expected Payrolls data last Friday
Australia: Softer retails sales data point towards rate cut as early as tomorrow
Forex rates in Asia and Indices:
EURUSD: 1.3131– 1.3053.
USDCHF: 0.9234 – 0.9190.
GBPUSD: 1.5822 - 1.5765.
EURJPY: 100.54 – 100. ...
Title:
Weekly Economic and Financial Commentary : 05/02/2012
Weekly Economic and Financial Commentary : 05/02/2012
U.S. Review
Off to a Good Start for the Year
The employment report for January showed that 243,000 jobs were added with the unemployment rate declining slightly to 8.3 percent. The details of the report however, suggest that unseasonably warm weather may be playing a role in the stronger job gains.
The ISM-Manufacturing Index posted a marginal improvement in January as new orders jumped for the month. Export orders also posted a ...
Title:
The Weekly Bottom Line : 05/02/2012
The Weekly Bottom Line : 05/02/2012
HIGHLIGHTS OF THE WEEK
United States
U.S. economic indicators for January point to renewed momentum in early 2012. Non-farm payrolls expanded by a vigorous 243K, and the unemployment rate fell to 8.3%.
Vehicle sales rose 4.6% to 14.1 million (SAAR) in January, reaching the highest level in over three and half years and surpassing the one-time shot in the arm provided by the cash for clunkers stimulus program.
ISM manufacturing and non- ...
Title:
US Dollar Pares Earlier Gains
US dollar is paring some of its earlier gains against the euro as risk appetite improves. However, greenback still has the upper hand against European currencies right now as the data coming out of the United States seems to indicate that the economic recovery could speed up.
Right now, the big excitement is the non-farm payrolls for January. Analysts had expected some gains for jobs, but the figures released beat expectations by quite a bit. The US economy added 243,000 jobs in January, and ...
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