Forex Note

US Market Update: Dow -3.7 S&P +1.4 NASDAQ +9.75

US equity indices are moving sideways this morning as another round of grim industrial production data clouds out any sunshine from the mildly positive housing data. The May housing starts and buildings permits data came in slightly above estimates, risi…, http://fxtraders.eu/rss/?mode=all

FX Trading – The Only Explanation is Cockeyed Perception

If I happened to know the German national anthem I#8217;d likely break out in song right now before I finished typing up this piece. Oh, by the way, did you hear that German investor confidence blew past expectations in a sign that the recession is ……, http://fxtraders.eu/rss/?mode=all

European Market Update: German ZEW Economic Sentiment registers highest reading since May 2006; Russian President to bring up reserve currency issue at BRIC summit today

- European equity markets snapped a three session negative open trend in this morning’s sessions. Following a lower Asian equity trading session on the back of a stronger JPY, which negatively affected Nikkei-listed exporters, and rollover financial ……, http://fxtraders.eu/rss/?mode=all

KBC: Polish inflation lower ahead of NBP meeting

The Polish zloty came under pressure as sentiment on the equity market deteriorated on Monday. The pair broke above 4.50 EUR/PLN and lost more than 1% against the euro. It was also lagging behind the neighbouring koruna as some investors were escaping fro…, http://fxtraders.eu/rss/?mode=all

Asian Market Update: Risk Aversion Sinks Asian Bourses Despite Cautious Optimism from BOJ and RBA; USD, JPY Extend Gains vs European, Commodity Majors

Asian equities are tracking the broad selloff on Wall St. with buyers fleeing the risky assets in favor of safehaven treasuries in droves. With about 90 minutes to go in Tokyo trading, Nikkei225 is down 2.6% near the session’s worst levels. SP/ASX ……, http://fxtraders.eu/rss/?mode=all

US Market Update: Dow -205 S&P -23.5 NASDAQ -51

A big disappointment in the June Empire Manufacturing index spooked investors before the open this morning, as the survey of manufacturing conditions in the North East indicated much steeper declines than expected instead of another sign of moderation. M…, http://fxtraders.eu/rss/?mode=all

European Market Update: Euro Zone employment falls by record amount; USD firmer after Russia noted the BRIC nations were not planning to discuss new global reserve currencies

- Equity markets in Europe followed Asian session weakness by opening to the downside, extending a two-day negative trend. The weekend’s corporate and political news generally trended in a bearish fashion. Geopolitical stress on the Korean peninsula ……, http://fxtraders.eu/rss/?mode=all

FX Trading – Euro Uht Oh!

Soaring unemployment in Europe, with still huge banking exposure, rising political tensions, fiscal concerns among the PIGS, a little country called Latvia that may be the canary in the coal mine for its Eastern European neighbors so similarly afflicted a…, http://fxtraders.eu/rss/?mode=all

Asian Market Update: G8 Welcomes Signs of Stabilization but Tempers Overall Optimism; USD Rallies on Affirmed Reserve Status by Russia

Major Asian bourses are scaling back the gains made for much of last week that took Tokyo and Sydney markets to their multi-month highs. Nikkei225 and SP/ASX were off by nearly 1% in late session trading, Kospi dropped over 1.5%, and Taiwan’s Taiex ……, http://fxtraders.eu/rss/?mode=all

Barron’s Saturday Summary; Positive on TM, C, THG, RRC

- Barron’s is positive on Toyota Motors (NYSE:TM), currently largest Japanese automaker in the world and took over GM spot as number one seller of cars in US with 20% market share. Currently stock price in 70′s is 50% off its all time high and can ……, http://fxtraders.eu/rss/?mode=all