Lack Of Movement On The Greek

The MSCI Asia Pacific Index dropped 0.7% at 12:47 in Tokyo as Asian stocks are heading towards the fourth week of losses on worries China’s economy is slowing and business conditions are deteriorating while Europe’s debt crisis is deepening. The MSCI Asia Pacific Index fell 1.2% this week, heading for its longest weekly losing streak since November, mainly on fears from the impact of Greece`s possible exit from the eurozone and China’s slowing economy since it threatens Asian trade. One day after China reported lackluster data from the manufacturing sector, three bank officials with knowledge of the matter said that China’s largest banks may miss their lending targets for the first time in seven years. As Europe’s debt crisis curbs exports, manufacturing shrinks and demand on new homes ...

Another week has almost ended, while all the focus remains on Greece as markets still attempt to weigh the alternatives for Greece and whether the nation might exit the one-currency bloc or not, where uncertainty dominates investors and markets, the thing the weighed sharply on the common currency, which almost shed 2% this week. The sentiment remains negative, while fears and concerns are mounting, where a poll in Greece showed yesterday that the anti-austerity Syriza Party is leading now as more and more Greeks are joining the anti-austerity campaign. The Public Issue/Saki TV poll showed that the leftist party gained 30% of the vote, beating that conservative New Democracy Party with 4 points, noting that this party mainly backs the second bailout deal. In the third place the Socialist ...

Higher Yielding Currencies Maintain Bearish Trend Higher yielding currencies, namely the EUR and AUD, remained bearish during European trading yesterday, as fears that Greece will have to leave the euro-zone led to risk aversion in the marketplace. Investors are now worried about what the possible effects of a Greek exit from the euro-zone would be for other indebted countries, including Spain and Italy. Today, traders will want to note that there is a bank holiday in France, Germany and Switzerland. That being said, news out of the US may lead to market volatility. The Unemployment Claims figure and Philly Fed Manufacturing Index are both forecasted to show US economic growth. If true, the USD could see gains during the afternoon session. Economic News USD - Manufacturing Data Could ...

Fundamental Analysis EUR "Germany is holding up the rest of the euro zone”" - Nick Kounis, head of macroeconomic research at ABN Amro Germany helped the Eurozone avoid its second recession in three years. Overall gross domestic product stagnated in the first three months of 2012, compared to the previous quarter, Eurostat data showed on Tuesday. USD "There’s a lot of slack in the economy" - Scott Brown, chief economist at Raymond James & Associates Inc. Inflation in the U.S. stagnated in April, restrained by a decline in energy costs. The core consumer price index, which excludes food and energy costs, rose 0.2 per cent, showed Bureau of Labor Statistics data on Tuesday. GBP "March's UK trade figures showed a bit of an improvement, although the external sector still looks likely to ...

The results of Greek parliamentary elections held over the weekend kept the euro low against virtually all of its main rivals throughout yesterday's trading session. Investor concerns about Greece's new government and how it will act toward tough austerity measures imposed on the country brought the euro down to a 3 ½ year low against the British pound and a three-month low against the US dollar. Turning to today, euro-zone news is once again forecasted to impact the markets. The German Industrial Production figure and a speech from the ECB President have the potential to create significant volatility. Economic News USD - USD Takes Slight Losses against Main Currency Rivals After seeing significant gains when markets opened for the week, the US dollar staged a minor downward correction ...

(Reuters) - The dollar briefly fell to a two-month low against a basket of currencies on Monday, hurt by signs that the U.S. economic recovery was losing momentum, which keeps alive the chances of further monetary easing by the Federal Reserve. Despite the dollar's problems, the euro failed to gain much traction, with investors looking to sell at higher levels as harsh austerity measures take a toll on economic activity across the region. Spain slipped back into recession as gross domestic product shrank 0.3 percent in the January to March quarter, data showed on Monday. Traders were likely to be wary of the euro ahead of the second round of the French presidential vote as well as elections for a new Greek parliament next weekend. The dollar .DXY touched 78.638 against a basket of ...

Fundamental News: Consumer sentiment in the U.S. showed an unexpected decrease in the month of March, according to a report released by Reuters and the University of Michigan on Friday. The report showed that the consumer sentiment index fell to 74.3 in March from 75.3 in February. While, Industrial production in the U.S came in unchanged in the month of February, according to a report released by the Federal Reserve on Friday. The report showed that industrial production was unchanged in February after rising by a revised 0.4 percent in January. In addition, the Labor Department released a report on Friday showing a moderate increase in U.S. consumer prices in the month of February. The Labor Department said its consumer price index rose by 0.4 percent in February following a 0.2 ...

A better than expected US Non-Farm Payrolls figure boosted the USD against its main currency rivals to close out last week's trading session. In yet another sign that the economic recovery is moving forward, the US added 227K jobs in February. The news led to significant dollar gains against the euro, Japanese yen and Swiss franc. This week, traders will want to focus on a batch of data out of the US, including retail sales figures on Tuesday and a speech from Fed Chairman Bernanke on Wednesday. Positive data could lead to additional dollar gains. Economic News USD - Non-Farm Report Leads to Major USD Gains Positive US employment data gave the USD a boost to close out last week's trading session. The Non-Farm Payrolls figure came in at 227K, above the forecasted level of 209K. As a ...

A couple of hours south of Kaikoura — and the most famous crayfish picnic tables on the South Island’s east coast (Nin’s Bin) — you’ll discover the fastest growing wine region in New Zealand; 80 vineyards sprawling across more than 1,200 hectares of picturesque plantings… Alas, Fellow Reckoner, there are far less important things to worry about than shellfish and Chardonnay. So, let’s get right to them… Global markets rebounded yesterday after what had been the steepest selloff of the year on Tuesday. The Dow clawed back about a third of the previous session’s 200-point loss. Indexes in Europe were up too with stocks from the Thames to the Rhine gaining between a half and one percent after Tuesday’s two and three percent losses. For its part, the euro edged higher too…as did oil…and gold… ...