Monday,
08 March 2010,
00:55 GMT
AceTrader
by AceTrader Research Team
Daily Market Outlook by AceTrader
Market Review - 06/03/2010 01:30GMT
Yen weakens against most currencies after better-than-expected U.S. jobs report
http://www.acetraderfx.com
The dollar fell against most of G7 currencies except the yen as U.S. non-farm payrolls showed fewer Americans lost jobs last month than economists' forecast, boosting hopes a U.S. economic recovery was on track and rekindling risk appetite.
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Friday,
05 March 2010,
12:22 GMT
Forexyard Daily Forex research
by Forexyard Research
Forex Analysis - U.S. Non-Farm Payrolls Set to be Released Today!
The forex market is bracing
itself for some heavy volatility as the U.S. Non-Farm Payrolls figure
is set to be released today. The monthly report is one of the most
significant market indicators and will heavily impact Dollar pairs.
Economic News
USD - USD May See Gains Following NFP Report
The U.S. Dollar, coming off a fairly bearish week, may see a
reversal of fortunes today with the Non-Farm Payrolls Report set to be
released at 13:30 GMT today. EUR/USD saw some heavy fluctuations
throughout the week, with the Euro making gains as of late based new
plans to cut Greek deficits. Similarly, GBP/USD was fairly bullish as
risk taking among investors returned. Currently, the pairs are trading
at 1.
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Friday,
05 March 2010,
11:29 GMT
Forex.com
by Jane Foley, Research Director
A stay of execution for Greece. China's Wen confirms loose fiscal policy. Yen lower on BoJ talk. NFP awaited
The
very strong demand for yesterday’s Greek bond sale has bought a stay of
execution for Greek assets this morning. EUR/USD is trading off its lows, the
10 yr Greek-Bund yield spread is toying with the 300 bps level, in the middle
of the range for the week.
The results
of the Greek auction were not all good for the government; the higher costs
associated with issuing debt might rightly reflect the additional risk that
investors perceive but the addition costs will only compound the difficulties
associated with reducing the budget deficit.
Meanwhile, despite the pledges of further Greek austerity, popular sentiment
in Germany that is provided the backing for today’s meeting between Chancellor
Merkel and PM Papandreou seems to be firmly against a hand-out for Greece.
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Friday,
05 March 2010,
00:44 GMT
AceTrader
by AceTrader Research Team
Daily Market Outlook by AceTrader
Market Review - 04/03/2010 22:51GMT
Euro tumbles on ECB n Deutsche Bank's downgrade by Moody's dollar surged broadly
http://www.acetraderfx.com
The greenback rose broadly on Thursday and the single currency declined sharply after the ECB stated it would not be 'appropriate' for the International Monetary Fund to aid Greece, adding that recovery would be uneven and reducing the chances of a near-term rise in record low euro zone interest rates.
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Thursday,
04 March 2010,
15:33 GMT
Forexyard Daily Forex research
by Forexyard Research
FOREX Analysis - Dollar Falls vs. EUR on Positive ISM Data
The U.S. dollar traded lower Wednesday as investors moved to higher-yielding currencies and riskier assets after U.S. data was better than expected. ISM service data showed the U.S. services sector grew in February at its fastest pace in more than 2 years, reducing the appeal of the greenback as a relatively safe investment.
Economic News
USD - Dollar Pulls Back on Greek Cuts
The U.S. dollar dropped versus the EUR and other major currencies
Wednesday as Greece outlined tax changes and budget cuts to help reduce
its deficit, easing concerns about a debt-fueled crisis and reducing
the relative appeal of the U.S. currency.
The Dollar also
turned lower versus the Japanese currency, slipping 0.
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Thursday,
04 March 2010,
11:05 GMT
Forex.com
by Jane Foley, Research Director
Greece sells bonds. ECB, BoE meetings awaited
The
Greek government has moved to capitalise on this week’s narrowing in the
Greek-Bund 10 yr spread by announcing that it is proceeding with its sale of 10
yr bonds.
The spread widened modestly
this morning in part in a reaction the issue but also in response to the news
that the German Chancellor continues to dig her heels in with respect to
financial assistance for Greece.
A
meeting is scheduled between Greek PM Papandreou and Chancellor Merkel
tomorrow.
Counter to market hopes, this
is now being reported as a meeting about maintaining good relations rather than
one that will result in aid for Greece.
It remains possible therefore that Greece could yet be forced to seek
support from the IMF, or even consider moving back to a flexible exchange
rate.
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Thursday,
04 March 2010,
01:12 GMT
AceTrader
by AceTrader Research Team
Daily Market Outlook by AceTrader
Market Review - 03/03/2010 22:51GMT
Euro rises again on Greek austerity plans
http://www.acetraderfx.com
The euro surged for a second day on Greek austerity plans while the greenback fell across the broad on Wednesday as global equities and commodities prices rose, boosting investors' risk appetite and spurring demand for currencies tied to growth.
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