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Indicators Are Showing SellTitle:
SunBirdFX Daily Market Analysis : 02/07/2012
www.sunbirdfx.com
The US stock markets opened the trading week in the red territory as the indices shed 0.10%. The hesitated opening for the trading week might indicate that the investors are getting prepared to the expected correction, though the stock might make another bullish session before the correction.
GOLD
The precious metal made an impressive rally since the beginning of the year and it looks like it became attractive again among the investors after rough fourth quarter in 2011. The ...
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Lack of Greek Debt Deal Sends EUR Tumbling
After reaching a six-week high against the US dollar in early trading yesterday, the euro staged a downward correction after Greece once again failed to come to an agreement with its creditors regarding its debt. Today, traders will want to continue monitoring announcements out of the euro-zone, with any further negative news likely to bring the common currency further down. Additionally, economic indicators out of both Germany and France are likely to influence euro pairs today.
Economic ...
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Yen Tumbles Following Negative Japanese News
News that Japan logged its first annual trade deficit in over 30 years sent the JPY tumbling during yesterday's trading session. The USD/JPY shot up well over 100 pips, reaching above the 78.00 level. Meanwhile the EUR/JPY extended its bullish trend before staging a downward correction toward the end of the European session. Today, a batch of US news is forecasted to generate market volatility. Traders will want to pay particular attention to the US Unemployment Claims figure, as it will be an ...
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Confusing Gradual Bankruptcy with Economic Recovery
We have a wintry landscape here in Baltimore…or what is left of one. But forget the weather, happy days are here again.
At least, that is what you might think from reading the newspapers. Unemployment is going down. Consumer debt is going up. Even the housing market is showing signs of improvement.
Gold is rising — investors seem to think inflationary pressures are building. The 10-year T-note yield is back over 2%. And stocks are having their best January in 15 years…
And now, once again, ...
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Money Printing: The Ugly Truth Behind the "Good News"
Yesterday’s trading revealed nothing of importance. Small moves in stocks and gold. And oil dipped below $100.
But the news has been generally “good” ever since the European Central Bank made it clear that it will print money rather than see major banks or minor nations get what is coming to them. Like its US counterpart, the ECB will not permit a major bank or sovereign debtor to go bust.
“ECB sees signs of let-up in debt crisis,” is today’s headline in The Financial Times.
Let’s see…the ...
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EUR Sees Gains Following Spanish Bond Auction
The euro pared recent losses against its main currency rivals on Thursday, following a successful Spanish bond auction. The EUR/USD climbed well above the 1.2700 level, while the EUR/JPY saw steady gains throughout the day. Today, US news is forecasted to generate some market volatility. Traders will want to pay attention to the US Trade Balance and Prelim UoM Consumer Sentiment figures for clues as to what direction the markets will take to close out the week.
Economic News
USD - Dollar ...
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Final Trading Week of 2011
The start of new trading year is with higher profit and market is slighter bullish.
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Pictet Daily forex Analysis - 12/15/2011
Gold has tumbled from $1,641.65 to $1,565.15 in the past 24 hours (-4.65%).
The Swiss PPI fell by 0.8% in November from October and was down 2.4% from one year before. The Swiss ZEW investor sentiment reading improved to -64.3 to -72.0 for December.
Norway’s central bank has cut its key lending rate by 50 bps to 1.75%.
The IFO institute said it expects German GDP to slow to 0.4% in 2012 from 3.0% in 2011 and said the only way a recession could be avoided is if the sovereign debt crisis does ...
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Weekly Economic and Financial Commentary : 28/10/2011
Weekly Economic and Financial Commentary : 28/10/2011
U.S. Review
Modest Economic Growth Continues
Third-quarter GDP rose 2.5 percent, supported primarily by gains in consumer spending and business investment. State and local spending cuts continued to detract from economic growth.
Personal incomes grew a slight 0.1 percent in September, with real disposable income declining by 0.1 percent. Even with the slow pace of income growth, consumers increased their spending for the month by 0. ...
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