posted by
commodityblog
1 day 7 hours ago
in USD, JPY, Fundamental
The Japanese yen ended Friday with gains as risk aversion attracted investors to the perceived safety of the currency, allowing the yen to move away from multi-year lows that it has reached recently.
posted by
commodityblog
1 day 8 hours ago
in Fundamental, Gold, Metals
Gold dropped as positive data from the United States added to speculations that the Federal Reserve will trim its stimulus. Copper declined too.
posted by
GAINSY
1 day 15 hours ago
in Fundamental, Weekly
Eurozone core inflation was probably low again in May - though that will hardly cause the ECB to cut rates - while overall inflation most likely rose decently.
posted by
GAINSY
1 day 15 hours ago
in Fundamental
New orders for durable goods jumped 3.3% in April 2013 partially to retrace an upwardly revised 5.9% decline (was -6.9%) in March that in turn, followed an outsized 6.4% jump in February. Much of the increase in overall orders was concentrated in
posted by
GAINSY
1 day 19 hours ago
in Fundamental
The euro has strengthened against the United States dollar after economic data showed that the Germany economy grew in the first quarter of 2013, while a separate report showed that business confidence in Eurozone’s largest economy sharply improv
posted by
GAINSY
1 day 19 hours ago
in Fundamental
The first phase of Abenomics, which started at the end of 2012, involved stimulating the economy and expanding the monetary base to JPY 270 trillion, resulting in a sharp drop in the JPY and a large boost for the Nikkei.
posted by
GAINSY
1 day 19 hours ago
in Fundamental
Liquidation of risky asset became a complete purge by yesterday mid European session with no stock markets unscathed. If there was any doubt that the downside would be limited to Asia, -2.93% fall in the SMI eased those thoughts.
posted by
GAINSY
1 day 19 hours ago
in Fundamental
Business confidence in Europe's largest economy unexpectedly improved in May, as German executives and manufacturers see brighter prospects for the second quarter of this year after national output grew, but a markedly slow rate.
posted by
GAINSY
1 day 19 hours ago
in Fundamental
European shares kick started Friday's trading session higher, bouncing off its biggest one-day fall in nearly a month, buoyed by German IFO confidence data while talks that central bank liquidity will soon resume fueled sentiment.
posted by
commodityblog
1 day 20 hours ago
in USD, Fundamental, Daily
The Swedish krona fell today against the euro, touching the lowest level in a week, after the consumer and manufacturing gauges declined this month, sparking talks about an interest rate cut. The currency advanced versus the US dollar.
posted by
GAINSY
1 day 21 hours ago
in USD, Fundamental
On Thursday morning, European investors were confronted with the aftershocks from the post-Bernanke repositioning in the US and the sharp decline of the Nikkei. Given the context (negative sentiment on risk and a steep decline in EUR/JPY), the eu
posted by
GAINSY
1 day 21 hours ago
in Fundamental
Germany's economic growth was confirmed to be modest in the first quarter, as the ongoing recession in the euro area continues to drag on Europe's largest economy.