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Archive for May, 2011
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Daily Market Review 05/31/11
Posted on May 31, 2011 | No CommentsRisk appetite increased in the capital markets arena as comments from EC President Jean-Claude Juncker suggesting that a “definitive answer” to Greece’s debt crisis will be reached by the end... -
Daily Market Review 05/30/11
Posted on May 30, 2011 | No CommentsMarkets were subdued with US and UK closed for holidays with the dollar marginally stronger against other major currencies and global equity indices mostly higher. The EUR came under modest... -
Weekly Trading Opporunities 05/26/11
Posted on May 29, 2011 | No CommentsMonday May 30, 2011 – Canadian GDP (1230 GMT) GDP is a comprehensive measure of a Canada ‘s overall production and consumption of goods and services. GDP is a significant... -
Daily Market Review 05/27/11
Posted on May 28, 2011 | No CommentsThe dollar extended its losses yesterday, falling 1% against CHF, and about 0.5% against most other currencies. EUR/USD failed to breach the 1.43 level, in part following a worse-than-expected EMU... -
Daily Market Review 05/26/11
Posted on May 26, 2011 | No CommentsThe euro is likely to continue to be whipsawed by news emanating about the outlook for Greece, with Greece’s meeting to discuss the austerity package tomorrow expected to add to... -
Daily Market Review 05/25/11
Posted on May 25, 2011 | No CommentsA mixed flow of news created some choppy action in the majors, leaving the Swiss franc on balance stronger while Asian/commodity majors are trading heavy. The early session rumors of... -
Daily Market Review 05/24/11
Posted on May 24, 2011 | No CommentsThe dollar is mostly weaker overnight as equity markets consolidate following Monday’s heavy losses. A combination of fears over slowing global growth, compounded by another set of weaker Chinese, Euro... -
Daily Market Review 05/23/11
Posted on May 23, 2011 | No CommentsThe US dollar was stronger across the board as the crisis of confidence in the EMU continues to accelerate. The euro slumped to a record low versus the Swiss franc,... -
Weekly Trading Opportunities 05/19/11
Posted on May 22, 2011 | No CommentsMonday – May 23, 2011 – EMU PMI (800 GMT) The Euro-zone Manufacturing Purchasing Managers Index (PMI) assesses business conditions in the manufacturing sector. Because the manufacturing sector represents nearly... -
Daily Market Review 05/20/11
Posted on May 21, 2011 | No CommentsThe US dollar is mostly stronger against the majors, with the euro paring back some of it recent gains after failing to make a convincing break of $1.435. The euro... -
Daily Market Review 05/19/11
Posted on May 20, 2011 | No CommentsThe euro has managed a fair bounce off the earlier low of 1.4207, tripping intraday stops at 1.4240/50, with little sign that the ongoing debate on Greek debt “soft restructuring”... -
Daily Market Review 05/18/11
Posted on May 19, 2011 | No CommentsThe US dollar is mixed against the majors. A rebound in commodity prices provided a supportive tone for risk. Euro is up for the third consecutive day but upward momentum... -
Daily Market Review 05/17/11
Posted on May 18, 2011 | No CommentsThe dollar was a bit weaker against most majors, although rising 1% against JPY and also gaining ground against CHF. EUR/USD was higher at 1.42 following a flurry of comments... -
Daily Market Review 05/16/11
Posted on May 17, 2011 | No CommentsDespite the potential for further dollar gains amid broader concerns of global growth downgrades and the uncertainty over the Greece situation, the fundamentals still support continued dollar weakness over the... -
Weekly Trading Opportunities 05/12/11
Posted on May 15, 2011 | No CommentsMonday – May 16, 2011 – Euro Zone CPI (900 GMT) Euro Zone CPI is the key gauge for inflation in the Euro Zone. Inflation, is a decline in the... -
Daily Market Review 05/13/11
Posted on May 14, 2011 | No CommentsThe US dollar was stronger against the majors despite a robust Q1 GDP releases from France and Germany which boosted overall euro zone GDP. The euro traded back near $1.43... -
Daily Market Review 05/12/11
Posted on May 13, 2011 | No CommentsThe dollar continues to extend it gains, with the dollar index rallying to 3-week highs, as deleveraging continues apace with stocks and commodities under intense selling pressure. The euro contributed... -
Daily Market Review 05/11/11
Posted on May 12, 2011 | No CommentsStrong gains Tuesday on Wall Street followed through to Asia with the MSCI Asia Pacific index up 0.5%, ignoring the higher CPI print out of China as aggressive tightening by... -
Daily Market Review 05/10/11
Posted on May 11, 2011 | No CommentsThe dollar is consolidated today against most major currencies with the exception of the Canadian dollar. EUR/USD is consolidating above the 1.43 level following rumors of a new deal for... -
Daily Market Review 05/09/11
Posted on May 10, 2011 | No CommentsThe Euro continued its decline as worries over Greek debt continue to make its presence in the marketplace. S&P downgraded Greek debt today, affirming the need for a restructuring of... -
Weekly Trading Opportunities 05/05/11
Posted on May 8, 2011 | No CommentsMonday – May 9, 2011 – UK BRIC House Price Index (23:01 GMT) The housing price index gauges the costs of homes in the United Kingdom. The figure is based... -
Daily Market Review 05/06/11
Posted on May 7, 2011 | No CommentsRiskier assets received a boost on Friday after a better than expected Unemployment report. Nonfarm payrolls rose by 244,000 in March as the private sector posted the strongest employment gain... -
Daily Market Review 05/05/11
Posted on May 6, 2011 | No CommentsThe US dollar benefited from safe haven status as investors continued to de-level and exit riskier assets such as commodities and equities. Crude oil had one of its largest down... -
Daily Market Review 05/04/11
Posted on May 5, 2011 | No CommentsNegative risk sentiment continued with many equity markets moving lower and commodity prices continuing to slide. The euro remains firm though as it approaches an 18-month high following the announcement... -
Daily Market Review 05/03/11
Posted on May 4, 2011 | No CommentsThe US dollar was mixed with the EUR/USD consolidated below the $1.48 level as risk appetite continues to suffer. GBP is the notable underperformer, falling 1% against the USD to... -
Daily Market Review 05/02/11
Posted on May 3, 2011 | No CommentsThe dollar is consolidating some recent losses, driven by crowded longs and stretched technical levels. The euro nears a 16-month high ahead of this week’s ECB meeting while sterling is... -
Weekly Trading Opportunities 04/28/11
Posted on May 1, 2011 | No CommentsMonday May 2, 2011 – Australian Housing Price Index (130 GMT) The housing price index tracks changes in housing prices in Australia ‘s eight provincial capital cities: Sydney, Melbourne, Brisbane,...