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European Market Update – 6/15/10

posted by Avatar topequitynews 711 days ago in Technical, Daily made popular 711 days ago

Equities: European equities opened the session lower across the board as markets reacted to yesterday’s move by Moody’s to cut Greece’s debt to junk. Equities were also weighed down by earlier declines in shares of BP, SocGen and Tesco. As of 5:3  read more
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US Market Update – 6/15/10

posted by Avatar topequitynews 711 days ago in Technical, Daily made popular 711 days ago

US equities opened higher this morning and have trended upwards as investors attempt to erase the memory of yesterday’s disappointing close in NY. Modest strength in Asia and Europe has propelled some fresh risk appetite, highlighted by growing E  read more
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Sterling slips after inflation data

posted by Avatar camac 711 days ago in GBP, Inflation made popular 711 days ago

Sterling fell back from one-month highs against the dollar as speculation that a change in monetary policy could be on the cards faded after UK inflation data came in under forecast.  read more
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Euro eases as investors look for cues

posted by Avatar fahrell 711 days ago in USD, EUR made popular 711 days ago

The euro eased against the U.S. dollar and the yen in Asia yesterday as players looked to the stock markets for trading cues, dealers said.  read more
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Soybeans, Wheat Advance on Weaker USD; Corn Little Changed

posted by Avatar erzon 711 days ago in USD, Agriculture made popular 711 days ago

Soybeans rose to a one-week high and wheat rebounded from earlier declines on speculation that a weaker dollar will lift demand for supplies from the U.S., the biggest exporter of both crops. Corn was little changed.  read more
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Oil Rises To $76/Barrel, Shares In BP Hit 13 Year Low

posted by Avatar mateo 711 days ago in USD, Oil made popular 711 days ago

Oil prices climbed today as the downward trend in equity markets was reversed after US import prices were reported to have declined 0.6% in May after rising 1.1% in April, while UK inflation slowed to 3.4% from 3.7%, making it even more unlikely  read more
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Euro Rally Runs Out of Steam

posted by Avatar morgan 712 days ago in EUR made popular 712 days ago

U.S. dollar was lower across the board Monday, but recouped some of its losses after Moody's cut Greece's credit rating to Ba1 from A3.  read more
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Asian Market Update – 6/14/10

posted by Avatar topequitynews 712 days ago in Technical, Daily made popular 712 days ago

Asian equity markets are starting the new week on a firm footing, as risk appetite is looking increasingly less fragile following the last-hour Friday rally in the US as well as some more benign economic data from Japan. Entering the final hour o  read more
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EU Morning Report – US Retail Sales disappoint the markets c

posted by Avatar topequitynews 712 days ago in Technical, Daily made popular 712 days ago

Markets on Friday saw volatility pick up across the board with the EURUSD’s trading range over 100 pips. Retail sales on Friday came in weaker than expected for the month at -1.2% however this is not expected to have a great impact on underlying  read more
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European Market Update – 6/14/10

posted by Avatar topequitynews 712 days ago in Technical, Daily made popular 712 days ago

Equities: – European equities opened the session higher, supported by gains in Asian equities and the narrowing in peripheral debt spreads. In terms of specific sectors, today’s gains are being led by miners and financials. However, shares of BP  read more
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Spain's Treasury Admits to Liquidity Freeze

posted by Avatar ForexPlaybook 712 days ago in USD, EUR, Fundamental made popular 712 days ago

Spain's treasury secretary is admitting today to liquidity problems that threaten an "uncertain" fate for the country's financial sector.  read more
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Copper up 2% as euro, equities recover

posted by Avatar hinata 712 days ago in EUR, Metals made popular 712 days ago

Copper rose two per cent on Monday as risk aversion receded in the wider markets, with the euro recovering and equities and oil also bouncing strongly. Three-month copper on the LME was trading at $6,600 a tonne at 0740 GMT compared with $6,479 a  read more