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Ice Dollar IndexTitle:
The Bank of England's Next Move
The Week Ahead
■The Bank of England's next move
■Is this the beginning of the end for the Eurozone?
■Fed officials reluctant to signal more easing
■Broader risk environment outweighs Japanese rhetoric
The Bank of England's next move
The BOE kept rates on hold when it concluded its May meeting last week; it also allowed the asset purchase program to come to an end. Since the UK slipped back into recession in Q1 2012 and the growth figures at the start of the second quarter have continued to look weak, the decision to hold interest rates was mostly down to the sticky outlook for inflation. The attention now turns to Wednesday's Inflation Report.
The focus will be on the Bank's growth and inflation forecasts. The growth forecasts are likely to be revised lower. Even ...
Title:
Australian Dollar Falls as China Signals About Slowing Growth
The Australian dollar slipped, falling to the lowest level this year against its US peer, as negative macroeconomic data hurt prospects for Australia’s exports and general pessimistic sentiment on the Forex market reduced appeal of growth-related currencies.
The National Bureau of Statistics reported that China’s consumer price index fell from 3.6 percent in March to 3.4 percent in April, being in line with forecasts. Industrial production, on the other hand, frustrated forecasters, falling from 11.9 percent to 9.3 percent, while an increase to 12.1 percent was predicted. Other fundamental reports, including retail sales, were also worse than expected. China is the main trading partner of Australia, therefore its fundamentals have a great impact on the Aussie.
The FX market in general ...
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Oil dips as China data outweighs upbeat U.S. consumers
Oil fell on Friday and posted a second straight weekly loss as pressure from weak industrial growth in China countered news that U.S. consumer confidence hit a four-year high.
Brent crude's 6.2 percent slide in the past two weeks was the biggest two-week percentage loss since December 16. U.S. crude fell 8.4 percent the past two weeks, its largest since September 30.
Crude prices felt early pressure from data showing China's industrial production in April grew at its slowest pace in nearly three years.
The report followed disappointing trade numbers released on Thursday, indicating China's economy is showing vulnerability to a global slowdown.
Oil pared losses later on news that U.S. consumer sentiment rose early this month to its highest in more than four years, according to the ...
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U.S shares close week mixed…
The world`s leading economy watch its shares fluctuate throughout the day to close the week in gray on mixed sentiments; JPMorgan Chase & Co.’s $2 billion trading loss on one hand and a higher and better confidence regarding overall economical conditions of the superpower.
The Dow Jones Industrial Average index shed 34.44 points or 0.27% to close at 12820.60 levels, the index reached the highest point at 12779.28 and the lowest point at 12918.01, By closing 18 shares inclined while 12 shares declined and 30 shares remained unchanged.
The Standard & Poor’s 500 Index lost 4.60 points or 0.34% to close at 1353.39 levels, the index reached the highest point at 1348.89 and the lowest point at 1365.66, By closing 288 shares inclined while 205 shares declined and 7 shares remained unchanged.
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Stocks rebound, euro gains on U.S. sentiment data
Global stocks rebounded on Friday on data that showed U.S. consumer sentiment rose to its highest level in more than four years in early May, but commodity prices fell after weak data from China reduced demand expectations.
European and U.S. stocks turned higher after the Thomson Reuters/University of Michigan survey showed nearly twice as many Americans reported hearing about new job gains than fresh job losses, despite a recent slowdown in job growth.
The gains in equity markets helped trim losses in crude oil and led the euro to rebound against the U.S. dollar.
"Households are feeling more comfortable. It's pretty good news for consumer spending," said Gus Faucher, senior macroeconomist at PNC Financial Services in Pittsburgh.
The Dow Jones industrial average .DJI was up 35.12 ...
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Pressures intensify on European leaders
Confidence is already in short supply in financial markets and could evaporate further in the coming week if investors judge that Europe's often fractious political leaders aren't mapping out a sustainable path through the current crisis.
Over the past week investors have been rocked by the increased likelihood of Greece leaving the euro, and an admission by one of the world's more highly regarded banks, JPMorgan Chase (JPM.N), of an embarrassing failure in risk management.
Many in the markets are now looking to Europe's political leaders to signal a shift in the German-led austerity drive across Europe which they now see as threatening the fragile recovery underway in the world economy if cuts are not tempered with some efforts to encourage growth.
Credit rating agency Fitch put the ...
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:
Crude drops on China’s downbeat data and worries over Europe
As demand on oil is seen dropping since the global recovery is at risk amid the uncertainties over Europe and China’s slowing economy, crude resumed its drop heading for a second weekly decline.
Risk appetite remained subdued on Friday as China’s moderating inflation signaled slower consumption while Greece’s political turmoil fuel concerns over Europe’s growth, keeping the dollar index above the 80.20 today.
Crude fell today from the highest $96.75 to the lowest $95.60, and as of this writing is trading around the $96.10 as the Chinese data show the economy is weaker than previously thought. Brent dropped 0.85% trading around $111.77.
In China, consumer prices rose slower than expected, indicating that domestic consumption is falling in the world’s second oil consumer, while retail ...
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Germany To The Rescue?
This is the fifth day without a firm government in place for Greece; if a coalition is not found soon then we could be heading back to the polls, which open up the possibility of a prolonged period of Greek political instability. There was some hope this morning of the Conservatives forming a coalition with the Socialists and other moderate pro-bailout parties that would have a mandate to govern until 2014. This helped to lift the euro from its daily lows; however for a sustained rally in risk we need to get a firm commitment that a 'moderate' pro-European government will take the reins of power in Athens. Unless that happens then the markets are likely to remain jittery.
Mixed signals
The markets are particularly cloudy today. Some bullish reversal patterns that formed yesterday were ...
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