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Archive for June, 2011
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Daily Market Review 06/29/11
Posted on June 30, 2011 | No CommentsThe dollar is weaker against most major currencies on the back of a positive vote on the Greek austerity vote. The euro is broadly higher, up 0.3% against the dollar,... -
Daily Market Review 06/28/11
Posted on June 29, 2011 | No CommentsPrice action across currency and equity markets are risk on as the markets await the Greek parliamentary vote. EUR/USD touched the 5-day moving average résistance near 1.4400. After rising sharply... -
Daily Market Review 06/27/11
Posted on June 28, 2011 | No CommentsThe week kicks off with a stronger Euro, and equities that are mixed. Asia was lower driven by follow-through from Friday’s session and uncertainty about a number of unresolved risks... -
Weekly Trading Opportunities 06/23/11
Posted on June 24, 2011 | No CommentsMonday June 27, 2011 – US Personal Income and Spending (1230 GMT) The spending and income numbers are a broad gauge of employee earnings in the US . Personal... -
Daily Market Review 06/23/11
Posted on June 24, 2011 | No CommentsUS dollar is broadly higher against the major as risk off was the theme of the day. The main driver has been heightened global growth concerns and the fading hopes... -
Daily Market Review 06/22/11
Posted on June 23, 2011 | No CommentsIn the wake of the Greek confidence vote markets appear to be suffering from a bout of profit taking, with the dollar edging higher against most of the majors. The... -
Daily Market Review 06/21/11
Posted on June 22, 2011 | No CommentsThe capital markets have seen an improvement in risk appetite and a mostly weaker dollar ahead of the Greek government confidence vote. EUR/USD made a decisive break above the 1.43... -
Daily Market Review 06/20/11
Posted on June 21, 2011 | No CommentsMarkets were mixed as investors absorbed this weekend’s news that a restructure was not imminent. The Swiss franc is the gaining against the USD, up 0.15% to 0.8470. Greek 2-... -
Weekly Trading Opportunities 06/16/11
Posted on June 19, 2011 | No CommentsMonday June 20 – German Producer Prices (600 GMT) PPI measures the change in the prices paid by domestic producers. Producer prices, also known as factory gate prices, are those... -
Daily Market Review 06/18/11
Posted on June 18, 2011 | No CommentsThe market continues to be dominated by developments in Greece with speculation over progress on the new aid package fueling consolidation in the safe havens. As a result, the dollar,... -
Daily Market Review 06/16/11
Posted on June 17, 2011 | No CommentsThe dollar, yen and Swiss franc remained robust as safe havens from the political deadlock surrounding Greece which continues to unsettle global markets. Equity markets remained under pressure as implied... -
Daily Market Review 06/15/11
Posted on June 16, 2011 | No CommentsThe US dollar, yen and Swiss franc are trading firmer as the impasse on the new Greek aid package unnerved traders ahead of the next IMF tranche due later on... -
Daily Market Review 06/14/11
Posted on June 14, 2011 | No CommentsThe US dollar, yen and Swiss franc traded on an easier footing, with European stocks and commodities encouraged by relatively good China monthly data releases, which fueled a PBOC reserve... -
Daily Market Review 06/13/11
Posted on June 14, 2011 | No CommentsEuro weakness was met with support despite news that S&P was downgrading Greece’s debt. The dollar bloc is mixed with the kiwi on the back foot, down 1%, after a... -
Weekly Trading Opportunities 06/09/11
Posted on June 12, 2011 | No CommentsMonday June 13, 2011 – Japan Machine Tool Orders Machine tool orders measure the total value of machinery orders placed at major manufacturers in Japan . Machine Orders is considered... -
Daily Market Review 06/10/11
Posted on June 12, 2011 | No CommentsThe dollar is broadly stronger against the majors as positive sentiment following yesterday’s rally in US stocks seem to have been a temporary reprieve. The euro remained under pressure following... -
Daily Market Review 06/09/11
Posted on June 10, 2011 | No CommentsThe USD traded higher which buck the normal correlation of higher dollar and lower equities. US markets performed well following better than expected Trade Data. The AUD is underperforming on... -
Daily Market Review 06/08/11
Posted on June 9, 2011 | No CommentsThe nascent stabilization in equity markets proved to be a pause before another leg down as Fed Chairman Bernanke voiced caution on the recovery and the labor market but gave... -
Daily Market Review 06/07/11
Posted on June 8, 2011 | No CommentsThe dollar and yen eased as equity and most commodity markets edged higher, driven by signs that the correction in risk assets is abating. Euro zone data provided support for... -
Daily Market Review 06/06/11
Posted on June 7, 2011 | No CommentsCapital markets slumped as a dismal US May jobs report triggered fresh equities weakness on concern that the US recovery has hit a brick wall, triggering negative revisions to Q2... -
Weekly Trading Opportunities 06/02/11
Posted on June 5, 2011 | No CommentsMonday June 6, 2011 – EMU PPI (900 GMT) EMU PPI measures changes in the selling prices of goods and services used by Euro-zone producers. Because producers tend to pass... -
Daily Market Review 06/03/11
Posted on June 3, 2011 | No CommentsMarket sentiment remained cautious as market participants reacted to the US Employment report. Asian bourses continue their longest string of weekly declines since Lehman’s collapse on fears about the US... -
Daily Market Review 06/01/11
Posted on June 2, 2011 | No CommentsCapital flows turn negative as worse than expected economic data was released during the US trading session. Risk appetite turned negative despite an agreement for Greece that would stabilize the...