Posts Tagged ‘January’
Recap of the Latest Global News
By Cory Vi & Andrew Su on Jan 23, 2012
After rising to almost 1.3000 during the Asian session on Friday, it was one way traffic for the EUR in Asian trade. The common currency failed to hold onto gains despite the Institute of International Finance, the lobby group representing creditors [...]
Recap of the Latest Global News
By Cory Vi & Andrew Su on Jan 19, 2012
The markets remained positive despite the World Bank cutting its global growth forecast by the most in three years. It forecasted that global growth would slow to 2.5% in 2012, down from an estimate of 3.6% in June. The Bank said [...]
Recap of the Latest Global News
By Cory Vi & Andrew Su on Jan 20, 2012
Markets were upbeat yesterday as more European bond auctions saw bond yields decline. Spain sold EUR 6.61 billion of 2016, 2019 and 2022 maturing bonds against a target of EUR 4.5 billion while France sold 2014 notes at a yield of [...]
What’s on the Economic Horizon
U.K. retail sales expected to rise
Canadian CPI on tap
U.S. existing home sales to improve to 4.65M
U.S. Dollar (USD)
Dollar bears were beastin’ on the charts yesterday, causing the dollar to give ground and submit to its higher-yielding counterparts. That makes it 4 out of 4 for the bears this week! Will they [...]
What’s on the Economic Horizon
U.K. Nationwide confidence index down from 40 to 38
U.S. inflation data and Philly Fed index due today
Canadian manufacturing sales to increase by 1%?
U.S. Dollar (USD)
Risk on, baby! The higher-yielding currencies enjoyed strong rallies yesterday but, unfortunately for the safe-haven Greenback, it turned out to be a day of losses. Will risk [...]
What’s on the Economic Horizon
BOE Governor King set to testify today
German ZEW economic sentiment to improve in Jan
BOC to keep rates on hold at 1.00%
U.S. Dollar (USD)
Consolidation was the name of the game yesterday as most dollar pairs, except for AUD/USD and USD/CAD moved sideways. EUR/USD hovered below the 1.2700 handle while GBP/USD kept its [...]
After downgrading nine European nations including France on January 13, Standard and Poor’s announced that it will also cut the rating of the European Financial Stability Facility from AAA to AA+. The news offset a relatively successful French bond auction which saw yields fall on one year notes fall from 0.454% at a January 9 [...]
What’s on the Economic Horizon
ECB President Mario Draghi to speak at 6:00 pm GMT
Australia’s job ads slip by 0.9%
Swiss PPI seen at -0.3%
U.S. Dollar (USD)
Dollar bulls attaaaaack! Thanks to growth concerns in the euro zone and a positive report from the U.S., traders bought the Greenback like it was a new Apple product. EUR/USD plummeted [...]
Standard and Poor’s has cut France’s AAA credit rating and the credit rating of eight other eurozone nations. S&P’s Managing Director of European Sovereign ratings has said that European leaders are divided and are falling behind in their response to the debt crisis. Austria also lost its AAA rating while Italy, Portugal, Spain and Cyprus [...]
