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Market Pulse: Weekly report for 21-25 May 2012, Moses

posted by Avatar MattMcKelly 7 days ago in all made popular 7 days ago

In the meanwhile USD Index met its first objective at 81.75 and reversed sharply to 81.02 driven by EUR/USD rally from 1.2640 to 1.28. This validates our stance that rupee weakness is driven by strong dollar against global currencies and it would need ... read more
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US wheat futures come off six-week high

posted by Avatar MattMcKelly 9 days ago in USD, EUR, AUD, Commodities made popular 9 days ago

The US Department of Agriculture in its daily reporting system confirmed sales of 480000 tonnes of US soybeans to China, the biggest oilseed buyer, for 2011/12 delivery. * Favorable weather in the US Midwest continued to boost the outlook for this ... read more
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EUR/AUD slips after upbeat Aus. jobs data

posted by Avatar MattMcKelly 17 days ago in EUR, CHF made popular 17 days ago

The Australian dollar is broadly stronger this Thursday in Asia after upbeat Australian employment data reduced expectations of further rate cuts in the coming months by the RBA. Against the common currency, the Aussie ... read more
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German March Exports At Record Level

posted by Avatar MattMcKelly 17 days ago in USD, EUR, NZD

The figure was also well above the EUR 14.3 billion consensus forecast. Underpinned by robust foreign demand, factory orders grew 2.2 percent month-on-month in March, data published by the Federal Ministry of Economy and Technology showed Monday. read more
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Jobs Data Push Speculators Out of the Market

posted by Avatar MattMcKelly 19 days ago in USD, EUR, CAD, AUD, NZD, Commodities made popular 19 days ago

Neither is positive news for the euro, which sold off a bit. But if the Greeks exit, we could see the euro rally to $1.36. Oil fell below $100 a barrel, pushing the CAD$ down. Norway's oil revenues have been used to keep a lid on the value of the NOK. read more
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Euro lower as European election results weigh

posted by Avatar MattMcKelly 19 days ago in EUR, CHF made popular 19 days ago

A separate report showed that Swiss consumer price inflation rose less-than-expected in April, adding 0.1%, against expectations for a 0.2% increase. The shared currency was weaker against the Canadian, Australian and New Zealand dollars, with EUR/CAD ... read more
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C$ lower on soft euro zone, US ADP data

posted by Avatar MattMcKelly 24 days ago in all

The Canadian dollar weakened against its US counterpart on Wednesday as a downturn in euro ... read more
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Inflation And Foreign Exchange

posted by Avatar MattMcKelly 32 days ago in AUD, Economic Indicators

The Australian Dollar (FXA) took a slight beating, since the market saw the news as making it easier for the RBA to cut Australia's interest rates. But is lower-than-expected inflation really bad for a currency? It happens that, theoretically, ... read more
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The euro is mixed after Spanish, Dutch bond auctions

posted by Avatar MattMcKelly 32 days ago in USD, EUR, JPY, CAD, AUD

The European common currency surrendered some of the gains recorded against the US dollar and other major after the mixed auctions from Spain and Netherlands, where yields on Spanish short-term bonds reflected significant tension in the debt market; ... read more
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European Factors to Watch - Shares to inch lower after bounce

posted by Avatar MattMcKelly 39 days ago in all made popular 38 days ago

... -0.06 % -0.0008 USD/JPY 81.31 0.56 % 0.4500 10-YR US TSY YLD 2.010 -- 0.01 10-YR BUND YLD 1.763 -- 0.01 SPOT GOLD $1653.10 0.25 % $4.12 US CRUDE $104.43 0.22 % 0.23 Shares buoyed by easing worries over Spanish debt Nikkei rallies on US earnings, ... read more
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GBP/USD Heads Again For 1.58

posted by Avatar MattMcKelly 40 days ago in USD, EUR, CAD, AUD made popular 40 days ago

On Friday Pound/Dollar decreased significantly with 130 pips. The Cable depreciated from 1.5971 to 1.5838 on Friday, in converse with the positive Interbank sentiment at over +38%, closing the week at 1.5842. Today the British Pound descended further, ... read more
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Strong session opening for Dollar amid Investors' worries

posted by Avatar MattMcKelly 41 days ago in USD, EUR, CAD, AUD, NZD made popular 40 days ago

American dollar started the week's trades with higher rates against major currencies amid the worries over European debt crisis especially with the approach of Spanish bond auction that may carry a lot of bad news about European region. read more