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Trade Weighted BasketTitle:
Dukascopy Afternnon Forex Overview : 28/03/2012
Dukascopy Fundamental Analysis
EUR
Magyar Nemzeti Bank may keep its benchmark interest rate unchanged at 7% for a third straight month, analysts said on Tuesday. The central bank is likely to stick to highest interest rate in European Union due to a delay in receiving IMF loan. The Forint strengthened 0.3% versus Euro to HUF 290.
USD
US February core durable goods orders reading was in line with the forecast at 1.6%, after a sharp fall of 3.0% in January. Durable goods orders rose by 2.2% last month, underperforming versus the forecast of 3.0%.
GBP
British FTSE 100 declined on Wednesday as data showed the revised British GDP in the 4th quarter declined 0.3% compared to previous estimate of 0.2%. Banks and miners drove the index lower with Barclays PLC and Lloyds Banking Group PLC each ...
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Dukascopy Morning Forex Overview : 23/03/2012
Fundamental Analysis
EUR
"Figures clearly show that the recession in the euro zone is far from over"
- Peter Vanden Houte, an economist at ING Group
Euro area services and manufacturing output fell by more than expected this month, a sign the economy has slipped into recession.
USD
"Decline in unemployment claims is another indication that the labor market is healing. That's good news for the March payroll report"
- Gus Faucher, a senior economist at PNC Financial Services
The number of Americans claiming for unemployment benefits fell to 348 thousand in the week ended March 17 from the week before, said the Department of Labor on Thursday.
GBP
"The data puts a real dent in hopes that the consumer may be perking up appreciably"
- Howard Archer, an economist at IHS Global Insight
U.K. ...
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Dukascopy Afternnon Forex Overview : 22/03/2012
Fundamental Analysis
EUR
Euro Area region faced a faster contraction in private sector activity in March, highlighting worries the area may fall back into downturn. Composite PMI dropped from 49.3 in previous month to 48.7 in March reaching three month record low. Economists questioned by Marketwatch predicted the composite PMI to climb to 49.6. Service PMI fell from 48.8 to 48.7 and manufacturing index edged down from 49.0 to 47.7.
USD
After a slight decline to 353K two weeks ago, US unemployment claims kept sliding to a four-year-low at 348K last week. Economists say that this reading points to a robust recovery of the US labor market and the economy in general.
GBP
UK retail sales declined more than analysts predicted in previous month as households curbed spending. Retail sales ...
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Dollar jumps vs yen, euro after Bernanke speaks
The dollar leaped against the euro and yen on Wednesday as a confluence of factors, ranging from a European Central Bank cash infusion to diminished expectations of another asset-buying binge by the Federal Reserve, raised its appeal.
An array of positive U.S. data, which typically increases risk appetite, favored the greenback against the euro as it highlighted a growing disparity between the economies on both sides of the Atlantic.
The euro accelerated losses against the dollar to hit a near one-week low and the greenback rose sharply against the yen after Fed Chairman Ben Bernanke told a congressional panel the country's unemployment rate had fallen faster than expected.
Bernanke offered a tempered view of the U.S. economy and stopped short of signaling further Fed bond purchases, ...
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Greek talks check euro, results hit shares
(Reuters) - The euro was underpinned on Tuesday by hopes a way would be found to push through a second bailout deal for Greece, though fresh signs of exposure to Europe's economic troubles among leading banks rekindled investor unease, sending shares lower.
U.S. stock index futures pointed to the unresolved Greek deal weighing on Wall Street at the open, ahead of Senate testimony from Federal Reserve Chairman Ben Bernanke that may grab the spotlight at 1500 GMT (10 a.m. EST) after last week's strong jobs data.
Greece's prime minister and leaders of its main political parties are set to resume talks later Tuesday on new austerity measures demanded by the EU in return for another bailout. The deal needs to be approved by February 15 if the money is to be available in time to meet a March ...
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Greece remains in the limelight, US Payrolls in Focus today
Morning Briefing : Greece remains in the limelight, US Payrolls in Focus today
What's new:
Cannes: G20 talks in their second day, boosting IMF reserves on the agenda
Greece: Referendum plans reversed, PM to step down if he wins confidence vote
Italy: PM Berlusconi facing political pressures to enact needed reforms
ECB: pushes rates lower, next one in December?
Forex rates in Asia and Indices:
EURUSD: 1.3838- 1.3787.
USDCHF: 0.8853 – 0.8769.
GBPUSD: 1.6045- 1.6000.
EURJPY: 108.04 – 107.54.
USDJPY: 78.11 – 77.98
DowJones: 12’044.47 +1.76%
NASDAQ: 2’697.97
S & P 500: 1’261.15
Nikkei: 8’801.40 +1.86%
Shanghai: 2’528.29 +0.81%
Gold: $ 1'758.90
Crude Oil: $ 94.26
Comments:
The G20 summit, in Cannes, is in its second day - a communiqué is being expected before the weekend. The focus seems ...
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Euro knocked by Greece, Italy debt concerns
(Reuters) - The euro fell broadly on Monday, touching a three-week trough versus the dollar as worries about Greek and Italian public deficits and a regional election rout for Germany's ruling party cast more doubt on the euro zone's ability to tackle its debt crisis.
The single currency fell to $1.4113 on electronic trading platform EBS, its weakest since mid-August. It pared losses as Asian sovereign names stepped in to buy the euro ahead of $1.4110, while bids were seen below that key technical support level.
Other currencies perceived to be higher risk, including the Australian and New Zealand dollars, also took a hit against the dollar, while the greenback climbed to a one-month high versus a currency basket.
The suspension of an EU/IMF mission to Greece late last week has raised ...
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Global shares rise; dollar dips on stimulus hopes
(Reuters) - Global stocks jumped almost one percent on Monday while the dollar struggled after Federal Reserve Chairman Ben Bernanke left the door open for further action to stimulate the U.S. economy and fight unemployment.
World shares .MIWD00000PUS rose 0.98 percent, with European .FTEU3 and Asian markets tracking Friday's 1 percent rise on Wall Street following Bernanke's keynote speech in Jackson Hole.
As the same venue, IMF chief Christine Lagarde added to pressure for policymakers to do more to prop up a flagging global economy, telling officials they must "act now," including forcing European banks to bulk up their capital.
U.S. stock futures predicted a 1 percent rise when the market opens after Hurricane Irene, downgraded to a tropical storm on Sunday, caused less damage than ...
Title:
Global stocks jump; dollar dips on stimulus hopes
(Reuters) - Global stocks jumped almost one percent on Monday while the dollar struggled after Federal Reserve Chairman Ben Bernanke left the door open for further action to stimulate the U.S. economy and fight unemployment.
World shares .MIWD00000PUS rose 0.9 percent, with Asian markets tracking a strong bounce for Wall Street, which closed up 1 percent following Bernanke's keynote speech in Jackson Hole on Friday.
IMF chief Christine Lagarde also added to market pressure for policymakers to do more to prop up a flagging global economy at the meeting of central bankers, telling officials they must "act now" to save the recovery.
European stocks .FTEU3 also gained, up 0.7 percent, and U.S. stock futures rose around 1 percent after Hurricane Irene, downgraded to tropical storm status, ...
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