ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
ShowingTitle:
Brent crude gains; euro zone debt worries ease
(Reuters) - Brent crude rose on Wednesday on hopes the euro zone's debt crisis would ease, while U.S. oil futures fell following data showing a surprise increase in U.S. product inventories.
The premium of Brent crude to U.S. futures increased to about $1.50 a barrel as data from the U.S. Energy Information Administration (EIA) showed large increases in U.S. gasoline and distillate stockpiles last week due to poor demand.
Title:
Oil falls below $112 on economic worries
Brent crude eased below $112 a barrel on Wednesday as weak U.S. economic data and concern about the euro zone debt crisis outweighed a U.S. government report showing a large drop in crude oil stockpiles.
Growth in U.S. retail sales stalled in August, in contrast to the 0.2 percent rise analysts forecast in a Reuters poll. Moody's cut the credit ratings of two French banks because of their exposure to Greece's debt.
Brent crude futures were down 42 cents at $111.47 a barrel by 1516 GMT, having fallen as low as $110.83 earlier in the session. U.S. crude was down $1.44 at $88.77.
A weekly report from the U.S. Energy Information Administration at 1430 GMT showing a larger-than-expected 6.7 million-barrel drop in crude inventories lent little support to prices, in part because supplies of ...
Title:
Retail sales flat as confidence crumbles
Growth in retail sales stalled in August, hurt by a pitched battle over spending in Congress and raising fresh questions about the country's ability to steer clear of a double-dip recession.
Sales were unchanged from a month earlier, a Commerce Department report showed on Wednesday.
It was a weaker reading than expected and sales growth during June and July were revised downward.
Consumer confidence plunged in August after a bruising battle over the budget slammed stock prices and pushed the nation to the brink of default.
"The consumer reacted to the debt ceiling, the downgrade and the equity market swoon by basically hunkering down and not spending," said Tom Porcelli, senior U.S. economist at RBC Capital Markets in New York.
Consumer spending accounts for about two-thirds of U.S. ...
Title:
Analysis: Asia FX, bonds still best haven from Europe
(Reuters) - The beating that Asian currencies have taken in the past week will probably open up opportunities for longer-term investors to load up on local currency bonds, with the region still mostly seen as resilient to Europe's debt crisis.
Stronger fiscal positions, long-term expectations for currency appreciation and relatively high interest rates are helping some fund managers stomach a sharp selloff in Asian currencies and take a long view while investing in Asian debt markets.
Other institutional investors have joined the likes of hedge funds and slashed bets on emerging Asian currencies, even though local bond yields have held up relatively well.
Indonesian and Philippine government yields, for example, did not surge in the past month when other global markets reeled from ...
Title:
Global stocks fall as euro crisis saps confidence
(Reuters) - Asian stocks, U.S. index futures and the euro fell on Wednesday as investors remained unconvinced that euro zone leaders have a coherent plan to tackle the bloc's sovereign debt problems, which many fear could trigger a new banking crisis.
Global markets have been roiled since the end of July by the twin fears of renewed recession in the United States and Europe's protracted debt woes, which have seen Greece, Ireland and Portugal forced to take bailouts and piled bond market pressure on Italy and Spain.
"Some of the European banks may have to recapitalize their balance sheets with government assistance. It's creating a lot of nervousness and uncertainty," said Simon Bonouvrie, portfolio manager at Platypus Asset Management in Sydney.
Oil eased after the International Energy ...
Title:
Fisher says Fed can do little now to spur economy
(Reuters) - There is little the Federal Reserve can do at this point to help a U.S. economic recovery battered by problems at home and abroad, a top Fed official said on Monday, adding that he believes it is it incumbent on politicians to attack fiscal problems.
Richard Fisher, president of the Dallas Federal Reserve Bank, did not outright reject further monetary easing, but he emphasized he remains skeptical that such action would be fruitful.
His comments echoed his own dissent to the U.S. central bank's decision last month to commit to ultra-low interest rates until at least 2013, a stance driven not by fears of reigniting inflation, but because he did not believe the move would do any good.
"If I believe further accommodation or some jujitsu with the yield curve will do the trick ...
Title:
SunBirdFX Daily Market Analysis : 13/09/2011
www.sunbirdfx.com
Wall Street opened the trading week on the green territory. NASDAQ rose 1.3% and the S&P 500 gained 0.7%. On the weekly analysis, we mentioned that all main indices were supported by the trend line, and this support managed to block additional declines. Before the opening bell, things looked like the hysteria took over the markets, after Europe main stock exchanges fell sharply. The US stock exchange did open 1% down, but managed to rise again in a 30 minutes rally.
If indices continue the bullish momentum and cross above yesterday's high, then things will look good for the investors. However, if the S&P 500 breaks the important support at 1140 points, it might drag the markets down.
GBP/USD
The USD is in a very strong momentum against most of the currencies, and the ...
Title:
Euro vulnerable, investors look to sell rallies
(Reuters) - The euro slid to seven-month lows against the dollar on Monday and could stay under pressure this week on fears of a Greek default and a possible rating downgrade of French banks.
The single euro zone currency see-sawed between losses and gains in New York, advancing earlier after government assurances that France could withstand a Greek crisis.
The yen, meanwhile, was a big beneficiary of safe-haven flows, surging to a 10-year peak versus the euro and staying well-bid against the dollar. That increased the risk of intervention by Japanese authorities.
"A Greek default is probably a long way away and my view is that as long as Greece is showing it is willing and able to initiate measures deemed satisfactory, you won't see any refusal to provide funds," said Ray Attrill, ...
Title:
Europe crisis spurs safety bid, stocks fall
(Reuters) - Fears of a Greek default that could spread widely through global markets dragged down stocks on Monday, knocking European equities to two-year lows, and sent the euro to a seven-month low against the dollar.
Concerns that Moody's Investors Service could downgrade the credit-worthiness of French banks, which are widely exposed to Greek bonds, and the lack of a solution to Greece's debt problem rattled investor confidence.
Assurances from France that it can withstand the crisis helped the euro to steady.
Investors dumped assets perceived as risky and bought government debt. The yield on benchmark U.S. Treasury 10-year notes briefly slid to their lowest levels in at least six decades ago and 10-year Bund yields fell to 1.71 percent.
"The fear goes well beyond Greece. The ...
|