Greek politicians Thursday agreed on further austerity cuts totaling EUR 3.3 billion in order to secure a second bailout. The deal was intended to unlock EUR130bn in new loans and save Greece from a potentially disastrous default. 5 Vote(s) Read More US Day Ahead Michigan Consumer Sentiment Index, Trade Balance in Focus
Equities and commodities were higher in the Thursday trading session as we continue to have the spillover effects and positive risk sentiment from the Fed’s decision yesterday to keep interest rates steady for longer. In regards to the US economy we had three key releases today, showing manufacturing orders coming in Read More US Durable [...]
The buck extended its decline against most of the major currencies as markets continued to trade with a risk-on tone amid better US jobs data, successful EU government auctions and better than expected earnings. The dollar was weakest against European currencies with the SEK outperforming (currently up +1.06% against the Read More Dollar Extends Decline [...]
We are looking at a negative open for most equity markets throughout Asia, likely caused by the mixed data from the US and Europe overnight. The strong employment data out of the US managed to keep most equity markets in the country in the green but European markets were hit Read More Asia Open Europe [...]
Markets have been confined in ranges for the past few sessions and this trend continued in Asia, with risk assets slightly lower and the US Dollar making small gains. 5 Vote(s) Read More French Bond Auction Seen as Gauge of Investor Sentiment GBP
Figures released on Sunday showed that Chinese Manufacturing PMI during December rose to 50.3 from 49.0, bringing the index back into expansion territory. However, new export orders remain in contraction territory for the third month in a row, as the European debt crisis continues to weigh on demand for Chinese Read More Manufacturing Data Boosts [...]
Price action was fairly muted overnight as markets prepare for the holiday season, and with the lack of headline data releases in Asia we expect to see a fair amount of range bound trading. Nevertheless, risk assets could benefit from the better than expected US jobless data. Read More Neutral Sentiment Set to Direct Action [...]
The Asian currencies, including the Indonesian rupiah, rose today as the market sentiment was positive after yesterday’s good news from Europe and the United States. The currency was further boosted as Fitch Ratings improved Indonesia’s credit grade.(…)Read the rest of Indonesian Rupiah Rises with Other Asian Currencies on Positive Sentiment (49 words) Posted on Forex News. Read More Indonesian Rupiah Rises with Other [...]
The Canadian dollar closed below the opening level today as Fitch Ratings came in and knocked down the positive market sentiment by signaling that France’s top credit ranking may be in danger.(…)Read the rest of Loonie Drops as Fitch Spoils Market Sentiment (150 words) Posted on Forex News. Read More Loonie Drops as Fitch Spoils Market Sentiment
The markets have calmed considerably since yesterday and after a slew of positive economic data from the US this has continued into the afternoon of the London Session. Weekly initial jobless claims fell to their lowest level since mid-2008, which has helped push the 4-week moving average down to 387,750, from Read More Upside Data [...]
Forex Boy