US Market Update: Dow +25 S&P +6.7 NASDAQ +18.7
Some late equity strength in Europe plus very strong gains among US bank stocks carried US indices higher this morning. The secondary US economic data was not particularly good, however. Volume in the NYSE...
European market Update: UK Production data declines for the first time since Aug; UK budget release date of March 24 makes a May 6th general election seem even more likely
Equities: Markets in Europe took little direction from a flat line Asian trading session. Equities have continued their week trend of mostly directionless trading. European markets opened slightly offered with mediocre earnings setting the tone. FY09 fina...
KBC: Polish central bankers speak against interest rate hikes
The Czech koruna came under selling pressure due to profit taking on global equity markets. Nevertheless, sentiment stabilized and the currency trimmed all the losses by the end of the session. This could be thanks to pretty positive flow of domestic figu...
BFI: Currency market commentary
EURUSD As this major pair is experiencing a longer consolidation between 1.3430 and 1.3740 so our daily forecast says about some short bets around 1.3590 and then 50 pips higher. On the other hand in case rebound above 1.3640 march for another 100 ......
Asian Market Update: Strong China export numbers revive risk appetite after disappointing Australia home financing data; Crude shrugs bearish API figures on China demand
Asian equity markets are treading water in a similar fashion to US indices, with mixed economic data from Australia and China offering conflicting signals throughout the session. Aussie Jan home loans fell at the quickest pace in years at -7.9% v 2.0% inc...
US Market Update: Dow +18 S&P +2.25 NASDAQ 10.3
US markets opened a hair lower on weakness in Europe after another morning with little economic data to speak of. Today is the one-year anniversary of the 2009 stock market bottom. A year ago the SP500 closed at 666 but now hovers near 1140. Stocks moved...
Futures Technical’s
SP 500 Futures: Failed to take out 1140 yesterday and closing at the lower end of the day, which is slightly bearish and could possibly a no demand bar given the low volume. If it was a no demand bar, today should be wide bar down today. The key resista...
FX Trading – European Mother Funders (EMF)
Being proposed is a European Monetary Fund (EMF) -- similar to the International Monetary Fund -- that could step in and bail out Eurozone countries facing troubled fiscal situations....
Euro, British Pound Slump as Investors Scale Back on Risk Appetite
The British Pound extended the previous day#8217;s decline to reach a fresh weekly low of 1.4938 during the European trade as Fitch Ratings held a cautious outlook for the U.K. economy, and the currency may continue to trend lower going into the ......
European Market Update: Risk averison returns; Fitch analysts cautious on Portugal despite recent austerity targets; UK Trade deficit widens in Jan
Having broken a three session positive streak in yesterday's session, markets in Europe rolled over following limited gains on the open. Trading in Europe has been broadly mixed with specific downside movers dominated by earnings related plays. Most ......
KBC: Czech trade and industry surprise on the upside
The Czech koruna extended gains on a further improvement in investor sentiment on Greece and solid domestic figures. The EUR/CZK pair got as low as 25.57. The unemployment rate rose to a 5-year high at 9.9% in February, but the outcome was still better th...
Asian Market Update: Multi-year high rate of growth in Australia job advertisements lifts short end of govt bond yields; China's FX regulator downplays speculation of diversifying holdings into gold
Asian equity markets are trading sideways following robust gains yesterday that were attributed to Friday's strong US jobs data, tracking listless action in Monday Wall St session. Nikkei225 entered the final trading hour around unchanged after ......
DAILY FOREX AND DOW JONES RECOMMENDED LEVELS
EUR/USD Today#8217;s support: - 1.3590, 1.3568 and 1.3544(main), where correction is possible. Break would give 1.3523, where correction also may be. Then follows 1.3500. Break of the latter would result in 1.3472. If a strong impulse, we would ......
European Market Update: Risk appetite stalls during European morning
Equity markets in Europe have trended lower through the morning session. Opening in positive territory, strong sentiment from Asia, the Euro and basic resource sectors rolled over into 5:00EST. Giving back gains, weakness filtered into a broad selection o...
FX Trading – Maybe the Buck Loses the Next Race to the Bottom
Now that global recovery is gaining momentum, according to the pundits, and risk appetite is back on the table, maybe the US dollar index is due for correction: Today, the dollar is testing the uptrend line going back to early December #8217;09; ......
BFI: Currency market commentary
EURUSD Drop to the area of 1,3630 may be considered to open long positions as another attack on 1,3700 is expected later in the afternoon. Breach through the latter level should initiate gains which may bring this cross as high as 1,3790 with ......
KBC: CEE gains on US payrolls outcome
The Czech koruna profited from the better than expected US payrolls release. The EUR/CZK currency pair failed to stay above 25.80 and moved sharply lower at the end of the week, somehow catching up with recent sharp gains of the Polish zloty. This week is...
Asian Market Update: Japan January current account, trade balance top estimates on strength in exports; FT citing PBOC Chief hinting the peg for Yuan may be temporary
Asian equity markets have extended the rally from the final trading session of last week, also benefiting from overall surge in risk appetite following better than expected US jobs report on Friday as well as some positive regional economic data. Nikkei22...
Barron's Summary: positive on telecoms BCE and MBT; positive on CHRW; Cautious on Indian outsourcing firms
- Positive article on Canadian telecom BCE, where management has kept wire-line margins up with cost cutting. The stock features a healthy dividend yield and the shares could rise 10% over the next 12 months, says Barron's. ...
Market Week Wrap-up
Clarity on the Greek debt situation, incremental improvements in the US employment picture and other positive economic data kept markets moving in the right direction all week long. The US Feb ISM non-manufacturing index hit its highest level since Oct 20...