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Offering A BuyTitle:
U.S. homes data buoy stocks, euro
(Reuters) - Stocks and the euro edged higher on Thursday, boosted by solid home sales data, but disappointing labor market figures and simmering worries over the euro zone kept gains in check.
Contracts to purchase previously owned homes increased solidly to a near two-year high in March, suggesting the spring selling season got off to a firmer start and offering hopes of a pick-up in housing.
Stocks rose shortly after the data, with the euro advancing against the dollar despite choppy trading early in the New York session.
"In any case, progress on the housing market is going to be slow and gradual," said ING's Teunis Brosens. "The pick-up in sales over the past few months appears to be at least partly driven by all-cash buyers."
The pending home sales data is an important clue to ...
Title:
Technical analysis of the EUR/USD pair on April 26th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD seems to move above a bullish slant and has validated yesterday the breakout of 1.32, offering a buy signal.
All indicators are now bullish.
We continue to advise long positions as far as 1.3150 is support.
The breakout of 1.3250 and 1.33 will both give a new buy signal.
In case of return below 1.3150, we will wait the breakout of 1.31 to advise short positions.
See the previous analysis of the EUR/USD pair of April 25th, 2012
EUR/USD Analysis
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Gold holds above $1,640 per ounce ahead of Fed
(Reuters) - Gold held above $1,640 an ounce in Europe on Wednesday as the dollar's slide to a three-week low against a currency basket supported prices, but moves were muted ahead of a policy announcement from the U.S. Federal Reserve later in the day.
Appetite for nominally higher-risk assets such as stocks and commodities also improved, helping lift gold, as stronger-than-expected company earnings and solid demand for peripheral euro zone debt helped calm some investors' jitters.
Spot gold was at $1,641.26 an ounce at 0947 GMT against $1,641.73 late on Tuesday, while U.S. gold futures for June delivery were down $1.60 an ounce at $1,642.20.
The Fed is expected to say it will hold interest rates at record lows later, keeping the opportunity cost of holding bullion low. Its accompanying ...
Title:
Asian Market Update : 25/04/2012
Markets look ahead to FOMC today; Yen awaits possible new easing measures from the BoJ
Economic Data
(KR) SOUTH KOREA APR CONSUMER CONFIDENCE: 104 V 101 PRIOR (11-month high)
(JP) Japan Apr Small Business Confidence: 47.6 v 48.7 prior
Markets Snapshot (as of 04:30GMT)
Nikkei225 +1.0%
S&P/ASX closed
Kospi +0.3%
Taiwan Taiex +0.8%
Singapore Straits Times unchanged
Shanghai Composite +0.3%
Hang Seng +0.1%
Jun S&P Futures +0.4% at 1,375
June gold -0.1% at $1,642/oz
June Crude +0.2% at $103.70
Overview/Top Headlines
Markets across the region were positive today, the USD/JPY traded in a 30 pip range around ¥81.55. There continues to be speculation that on Friday the BoJ will announce new easing measures. Corn, $6.24, and cattle, +0.3%, futures gained after a case of mad-cow disease was ...
Title:
Asian Market Update : 24/04/2012
Lower Aussie CPI raises argument for a rate cut; Bond yields fall
Economic Data
(AU) AUSTRALIA Q1 CONSUMER PRICES (CPI) Q/Q: 0.1% V 0.6%E; Y/Y: 1.6% V 2.2%E (lowest since Q3 of 2009)
(JP) JAPAN MAR CORPORATE SERVICE PRICE INDEX Y/Y: -0.3% V -0.6%E (3-month high)
(CN) CHINA MAR CONFERENCE BOARD LEADING ECONOMIC INDEX M/M: 0.8% V 1.0% PRIOR (3-month low)
(NZ) NEW ZEALAND MAR NET MIGRATION: 130.0 V -300 PRIOR
(NZ) New Zealand Mar Credit Card Spending m/m: 0.3% v 0.4% prior; y/y: 5.2% v 4.0% prior (3-month high)
(AR) Argentina Mar Budget Balance (ARS): +849M v +1.3B y/y
Markets Snapshot (as of 04:30GMT)
Nikkei225 -0.9%
S&P/ASX +0.1%
Kospi -0.7%
Taiwan Taiex -0.2%
Singapore Straits Times +0.3%
Shanghai Composite -1.4%
Hang Seng -0.3%
Jun S&P Futures +0.2% at 1,365
June gold +0.3% at $1,637/ ...
Title:
Market Drivers - Currencies : 23/04/2012
Today's Comment
On Friday, IFO turned out to be a tad better than expected, and therefore we saw a positive bias in the financial market. This offers renewed confidence that the positive 'spring sentiments' in respect of the EU's debt problems will continue as the IFO data are still offering positive surprises.
Overnight the market did, however, see a slight setback after the release of the HSBC's Chinese PMI data (49.1), which showed a slight improvement from 48.3. However, the figure 50 still marks the line between improvement and setback in the manufacturing industry. This is now the sixth month in a row that the economic indicators has been below 50. We note, however, that the recent figure shows a slight improvement and expect that the PMI data will rise above 50 in the current ...
Title:
Technical analysis of the EUR/USD pair on April 23th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has validated last friday the breakout of 1.3150, offering a buy signal.
At the end of the trading session, the pair has faked the breakout of 1.32.
The pair is opening the week on a bearish gap below 1.32.
Indicators are globaly bullish.
We continue to advise long positions as far as 1.3150 is support.
The breakout of 1.32 will give a new buy signal and open the way towards 1.33.
In case of return above 1.3150, we will wait the breakout of 1.31 to advise short positions.
See the previous analysis of the EUR/USD pair of April 20th, 2012
EUR/USD Analysis
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Technical analysis of the AUD/USD parity on April 20th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has validated yesterday the breakout of 1.0350, offering a new sell signal.
The pair continues to move above the upper band of its medium term bearish channel (purple lines).
All indicators are bearish.
We now advise to trade the pair according to the key level at 1.04:
- Only short positions below 1.04. The breakout of 1.03 will give a new sell signal.
- Only long positions above 1.04. The breakout of 1.0450 and 1.05 will both give a new buy signal.
See the previous analysis of the AUD/USD parity of April 19th, 2012
AUD/USD Analysis
Title:
Technical analysis of the EUR/JPY pair on April 20th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY just validated the breakout of the resistance at 107, offering a new buy signal.
Indicators are globaly bullish.
We continue to advise long positions as far as 106.50 is support.
The breakout of 107.50 and 108 will both give a new buy signal.
In case of return below 106.50, we will wait the breakout of 106 to advise short positions.
See the previous analysis of the EUR/JPY pair of April 19th, 2012
EUR/JPY Analysis
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