ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Index Traded At ItsTitle:
Break Lower In EUR/GBP Confirmed
Sunrise Market Commentary
Fixed Income: Core global bonds remain well bid, but fail to profit from weak data
While the Bund set a new contract high, the price action showed little momentum. Rumours about a French rating downgrade gave core bonds a shot in the arm, but subsequent weak eco data were largely ignored, triggering some profit taking in late US session.
Currencies: Break lower in EUR/GBP confirmed
Also in EUR/USD rather dull session leaving the pair little changed in the close. Intra-day decline on French rating rumours was later on reversed. Upcoming IMF meeting, French presidential elections and FOMC meeting might keep investors sidelined today.
The Sunrise Headlines
US Equities dropped for a second straight session on Thursday. The S&P fell 0.59% as weak ...
Title:
Dukascopy Morning Forex Overview : 20/04/2012
Fundamental Analysis
EUR
"The debt crisis is far from over still and I think Spain will be worse before it gets better"
- Henrik Drusebjerg, a senior equity strategist at Nordea Bank AB
Spain sold 2.54 billion euros of debt dated 2014 and 2022 on Thursday, above the target range of 1.5 to 2.5 billion euros for the auction.
USD
"Progress in the labor market is not quite as strong as people had hoped, but we are still on a recovery track here"
- Scott Brown, chief economist at Raymond James & Associates Inc.
The number of Americans claiming for unemployment benefits declined by 2,000 to 386,000 in the week ended April 14 from the week before, said the Department of Labor on Thursday.
GBP
"Economic data does look like it is showing some stabilization"
- Samantha Fitzpatrick, senior ...
Title:
YouTradeFX Daily Market Analysis : 20/04/2012
Fundamental News
Today’s highlights:
· German Ifo Business Climate Index (GER, 09:00 GMT)
· Retail Sales (MoM) (GB, 09:30 GMT)
· Core CPI (MoM) (CAD, 13:30 GMT)
The Conference Board's leading economic index for the U.S. rose by 0.3 percent in March following a 0.7 percent increase in February, according to a report released on Thursday. While, Existing home sales in the U.S, fell 2.6 percent to an annual rate of 4.48 million in March from an upwardly revised 4.60 million in February, according to a report released by the National Association of Realtors and the U.S. Jobless Claims for the week ended April 14th came in at a seasonally adjusted level of 386,000, according to a report released by Labor Department on Thursday.
Japan's tertiary industry activity ...
Title:
SunBirdFX Daily Market Analysis : 04/20/2012
www.sunbirdfx.com
The US stock markets closed a second day in the red territory and the S&P 500 is close again to the important support at 1370 points, and if it makes a successful break-down this time, the declines might get much more intensive. The indices looked bullish on first half-hour of the trading day buy disappointing economic data pulled the stock to the red zone. Unemployment claims were 386K, against expectations of 370K; existing home sales were 4.48M, whereas analysts expected 4.62M. The investors will focus on the G20 that started yesterday and will continue during the weekend.
USD/CHF
This pair has not made any significant change in the recent weeks, and in fact, it has been moving in a narrow range since the intervention of the Swiss central bank on September 2011. Yet, ...
Title:
Dukascopy Afternoon Forex Overview : 19/04/2012
Fundamental Analysis
EUR
France and Spain plan to assemble EUR 13.5 billion (USD 17.6 billion) in bill auction today as Spanish PM Rajoy struggles to reduce budget deficit and presidential elections in the France drive yields up. France is issuing 2017 bills and 2018 inflation linked notes, a maximum target of EUR 11 billion while Spain is planning to raise EUR 2.5 billion in 2-year and 10-year bonds.
USD
The IMF announced that it has secured 320 billion US Dollars in drive for increasing the fund's lending capacity. Switzerland and Poland have already contributed to the fund expansion. The IMF hopes to raise about 400 billion US Dollars in commitments from countries around the world. The move followed surging borrowing costs of Italy and Spain that escalated concerns over the Euro ...
Title:
Global stock falter on Spain, U.S. data; bonds gain
(Reuters) - Global stocks traded near break-even and government debt prices rose on Thursday despite solid demand for Spanish bonds as investors remained skeptical about the country's fiscal outlook and softer-than-expected U.S. economic data damped sentiment.
The number of Americans claiming unemployment benefits for the first time fell only slightly last week, while factory activity in the Mid-Atlantic region slowed sharply this month and U.S. home resales fell for a second month in March.
Analysts said part of the data's weakness was payback after an abnormally warm U.S. winter. But there was little doubt the economy was losing some steam, leaving the door open for further monetary stimulus from the Federal Reserve, a bullish sign for bonds.
The benchmark 10-year U.S. Treasury note ...
Title:
European Market Update
Spain's bond auction demand was overly sufficient but yields were mixed
Economic Data
(RU) Russia Gold & Forex Reserve w/e Apr 13th: $518.8B v $516.7B prior
(DK) Denmark Apr Consumer Confidence: +0.6 v +1.5e
(HU) Hungary Feb Avg Gross Wages Y/Y: 6.9% v 6.0%e
(NL) Netherlands Mar Unemployment Rate: 5.9% v 5.9% prior
(PH) Philippines Mar Balance of Payments: -$209.0M v +$588M prior
(GR) Greece Feb Current Account: -€1.1B v -€1.5B prior
(IT) Italy Feb Industrial Orders M/M: -2.5% v -1.1%e; Y/Y: -13.2% v -6.2%e
(IT) Italy Feb Industrial Sales M/M: +2.3% v -4.9% prior; Y/Y: -1.5% v -4.4% prior
(PH) Philippines Central Bank left its Overnight Borrowing Rate unchanged at 4.00%; as expected
(HK) Hong Kong Mar Unemployment Rate: 3.4% v 3.5%e
Fixed Income
(ES) Spain Debt Agency (Tesoro) sold ...
Title:
Sterling Leaps Higher On Less Dovish BoE Minutes
Sunrise Market Commentary
Fixed Income: core bonds remain near contract highs
Global core bonds reversed Tuesday's losses in a rather uneventful session. Today, all attention will go to the Spanish bond auction. A weak auction two weeks ago put pressure on Spanish yields since. The 10-yr yield flirts with the psychological 6% mark. In order to avoid more tensions, failure today is not an option.
Currencies Sterling leaps higher on less dovish BoE Minutes
While EUR/USD trading was rather uneventful, sterling was the star performer. Helped by less dovish BoE Minutes and a stronger labour market report, sterling shot higher pushing EUR/GBP below key support and GBP/USD above 1.60.
The Sunrise Headlines
US Equities dropped slightly lower on Wednesday, giving back part of ...
Title:
Dukascopy Morning Forex Overview : 19/04/2012
Fundamental Analysis
EUR
"The debt crisis is far from over still and I think Spain will be worse before it gets better"
- Henrik Drusebjerg, a senior equity strategist at Nordea Bank AB
The seasonally adjusted current account of the euro zone swung a deficit of €1.3 billion in February from a surplus of €3.7 billion in January, said the European Central Bank on Wednesday.
USD
"We got used to companies beating estimates by a pretty good margin"
- Burt White, chief investment officer at LPL Financial Corp.
U.S. stocks fell after Intel Corp. and International Business Machines Corp. disappointed market participants with their quarterly results.
GBP
"… the monetary policy committee is likely to remain on hold on the stock of asset purchases at its May meeting"
- Mauro Giorgio Marrano, an ...
|