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Japanese Yen RoseTitle:
Euro scales 8-week peaks on optimism over Greek deal
(Reuters) - The euro gained across the board, hitting eight-week highs against the dollar on Tuesday, after a Greek official said the government is drafting an agreement on a bailout deal that will be put before political leaders for approval later in the day.
The official's statement suggested that the Greek government has completed negotiations with lenders on its 130 billion-euro rescue package, although agreeing to the painful austerity measures that come with the bailout could be a ...
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:
Pictet Daily forex Analysis - 02/07/2012
The Reserve Bank of Australia left interest rates unchanged at 4.25%.
German manufacturing orders rose 1.7% month-on-month in December.
Nicolas Sarkozy said the Greek situation should be settled once and for all. The Troika will not release the next instalment of bail-out funds if Greece does not take the required austerity measures.
The ECB bought EUR 124 million worth of bonds last week compared to EUR 63 million the week before.
USD/CHF
The USD/CHF has struggled to break out of its all ...
Title:
Dukascopy Morning Forex Overview : 06/02/2012
Fundamental Analysis
EUR
"The decline in euro-area December retail sales confirms our view that private consumption is likely to have fallen in the fourth quarter"
- James Ashley, senior European economist at RBC Capital Markets
Euro zone retail sales declined unexpectedly in December, said the European Union's statistics office Eurostat on Friday. Retail sales fell 0.4 per cent from November after declining by the same amount in October.
USD
"The report was much better than expected in ...
Title:
The Asian region in a week
The Asian region witnessed a number of economic data where the Chinese data helped in supporting markets with better than expected manufacturing expansion. The data helped further in clearing the uncertainty yet still we can see that Asian economies are suffering the sluggish global growth and the downside pressure of the debt crisis.
The Japanese industrial production rose more than analysts forecasted in December, where the manufacturers bolstered production to make up for disruptions caused ...
Title:
Dollar up versus yen on U.S. jobs data, holds steady versus euro
Robust U.S. jobs data spurred investors to buy the U.S. dollar and sell yen on Friday with the rosier economic report curtailing some expectations the U.S. Federal Reserve will hold off raising interest rates until 2014.
The strong jobs data diminished the greenback's safe haven status as investors took on more risk. The main beneficiary was the euro where initial losses on the report were erased by the end of trade despite the overhang of Europe's sovereign debt crisis.
Data from the U.S. ...
Title:
Dukascopy Afternoon Forex Overview : 02/03/2012
Dukascopy Fundamental Analysis
EUR
Royal Dutch Shell announced it plans to invest more to boost production. The company reported it would invest 30 billion US Dollars into the new gas and oil projects in 2012 as compared to 24 billion US Dollars invested in 2011. The move came after the company announced the annual rise in net income by 50% to 28 billion US Dollars in 2011.
USD
US employment surged more than predicted in January while the unemployment level dropped to the lowest reading in ...
Title:
Nervous markets eye U.S. jobs report, Greece
Caution ahead of U.S. jobs numbers kept a lid on gains for stock markets on Friday after an optimistic start to the year that has added more than 7 percent to global company values.
Sentiment was underpinned by data that hinted the euro zone may yet avoid recession, boosting European shares, and that China has room to ease monetary policy.
The U.S. nonfarm payrolls report will be a key catalyst as strong data would fuel growing hopes the global economy is on a firm recovery path, while ...
Title:
Pictet Daily forex Analysis - 02/03/2012
China's official Purchasing Managers Index for non-manufacturing sectors fell to 52.9 in January from 56.0 in December.
Switzerland’s trade balance narrowed more than expected to CHF 2.07 billion in December from November’s downwardly revised figure of CHF2.95 billion. Economists had expected the trade surplus to narrow to CHF2.85 billion in December. Exports rose 6.1% to CHF15.63 billion in December, while imports climbed 7.6% to CHF13.56 billion. Switzerland’s total trade surplus for the year ...
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