Friday,
12 March 2010,
01:52 GMT
AceTrader
by AceTrader Research Team
Daily Market Outlook by AceTrader
Market Review - 11/03/2010 22:59GMT
Dollar little changed after mixed data on US trade and jobless claims
http://www.acetraderfx.com
The greenback traded little changed versus major currencies on Thursday after mixed data on U.S. trade and jobless claims failed to give investors strong reasons to move the currency.
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Thursday,
11 March 2010,
11:14 GMT
Forex.com
by Jane Foley, Research Director
Chinese CPI at 16 mth highs, but JPY unwinds most of overnight safe haven flow. Cable higher.
The
overnight releases of Chinese PPI and CPI failed to garner the excitement they
had promised, with Asian stocks managing a mixed performance.
CPI did print a 16 mth high of 2.7% y/y but
at these levels the rise in inflation can still be deemed as relatively
moderate (CPI hit 8.7% y/y in 2008).
That said the strength of Chinese loan data suggest that inflationary
risks are firmly bias to the upside and have been sufficient to trigger
speculation that CPI will rise above the 3% gov’t target in the months ahead
and bring forward a BoC rate hike potentially into Q2 .
The threat of Chinese monetary tightening pushed
the JPY higher overnight in a move that was largely unwound in London
hours.
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Thursday,
11 March 2010,
09:20 GMT
Forexyard Daily Forex research
by Forexyard Research
Forex Analysis - Bearish Dollar Will Try and Recover Losses Today
Following yesterday's bearish downturn for the U.S. Dollar, the
greenback will try and recover some of its losses with the help of
several critical economic indicators today. Both the U.S. Trade Balance
Report and this week's unemployment claims are likely to have an impact
on Dollar positions. Whether or not they can provide USD with the
necessary momentum to reverse its current direction is yet to be known.
Economic News
USD - Dollar Stuck in Downward Trend Ahead of Busy Trading Day
After taking some serious losses against several of its major
counterparts in trading yesterday, the Dollar remains in its bearish
cycle as investor risk appetite has returned. EUR/USD shot up over 50
pips yesterday before slightly retreating to its current level of
1.
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Thursday,
11 March 2010,
07:41 GMT
AceTrader
by AceTrader Research Team
GBP/USD Daily Market Outlook by AceTrader
Forex signal: For short term trade, buy cable on dips with stop below
said sup, break may risk weakness to 1.4900/05.
INTRA-DAY GBP/USD: 1.4955
Last Update At 11 Mar 2010 06:52 GMT
http://www.acetraderfx.com
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Thursday,
11 March 2010,
02:05 GMT
AceTrader
by AceTrader Research Team
Daily Market Outlook by AceTrader
Market Review - 10/03/2010 22:51GMT
Euro rebounds on improved risk appetite and Greece's plan to cut deficit
http://www.acetraderfx.com
The single currency rebounded strongly on Wednesday after Greece submitted a report to EU on its plans to tame its budget deficit while the greenback slipped against most currencies but rose against the yen, as gains in global stocks brought a return of risk appetite, boosting demand for higher-yielding currencies.
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Wednesday,
10 March 2010,
15:08 GMT
Forexyard Daily Forex research
by Forexyard Research
FOREX Analysis - Riskier Assets in Demand; Europe Debt Worries Remain
Investors raised their appetite for riskier assets during yesterday's
trading, but still avoided European and British currencies because of
debt worries. The big gainers yesterday were the AUD and CAD, both
currencies are linked to commodities, in particular crude oil. Crude oil
had recently gained in positive momentum, although it closed slightly
lower yesterday. The question remains whether the EUR and GBP will
attract some of the appetite for riskier assets.
Economic News
USD - USD Firm against EUR; Declining vs. AUD and CAD
The U.S. Dollar remained strong against the Pound and the Euro
yesterday. Credit downgrade warnings by rating agencies regarding some
European countries such as Greece, Portugal and the UK continued to
worry investors.
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Wednesday,
10 March 2010,
12:20 GMT
Forex.com
by Jane Foley, Research Director
Stering in the limelight again. Chinese exports and imports surge. Aud higher, JPY lower.
Sterling
again stole the limelight this morning.
After a weak start (which took it down to USD1.4888) on the back of
yesterday’s warnings from Moody’s on the banking sector, cable found support as
PM Brown gave an address on the economy.
With only weeks to go before the general election (favoured to be May
6), Brown acknowledged the need to address the budget deficit suggesting that
senior civil servants will have their wages frozen and stressing that the UK
will not lose its AAA credit rating.
That said Brown also underpinned his party’s line that real risks to the
recovery remain and that “we must be alive to them”.
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