Posts Tagged ‘Market’
Recap of the Latest Global News
By Cory Vi & Andrew Su on Feb 2, 2012
Yesterday, manufacturing strength around the globe from prompted a rally in the markets as investor focus was diverted from the European debt focus. Manufacturing data in the US grew at the fastest rate in seven months while manufacturing in the United [...]
Plans are only good intentions unless they immediately degenerate into hard work. ~ Peter Drucker Good morning. It’s that day of the month again, when everyone is waiting for the release of NFP report, which is expected by analysts to post a figure around 150k. Most currency pairs are trading quietly since yesterday, ahead of today’s [...]
The Brussels Summit ended yesterday with no favourable resolution for the Greek saga leaving the market showing its frustration on the EUR/USD driving it down to 1.3075. Apparently German Chancellor Angela Merkel shared the same frustration with the Greek government’s failure to carry out its economic reform. Euro found its base at 1.3135 during early [...]
Recap of the Latest Global News
After the U.S. Dollar sold off across the board late in North American trading yesterday, it appeared that some relief was on the horizon, with the Greenback clawing back in early Asian trading on Thursday. This was merely a short-term correction, and by the time European markets opened up, the [...]
Recap of the Latest Global News
By Cory Vi & Andrew Su on Jan 27, 2012
In a week that the Federal Reserve announced it would keep interest rates low through till at least 2014 and Bernanke said that policymakers are considering further bond purchases to boost growth, markets continued to celebrate as it appears that more [...]
EUR/USD spent the day consolidating after peaking at 1.3183 yesterday. If the technical traders are right, we may have seen the high for a long while and the completion of a technical retracement which began from 1.2624 (16 Jan). However we’re not totally convinced and we cautiously think 1.3244 may be the top if 1.2950 [...]
EUR/USD traded within a narrow range during Asian session (1.3014 – 1.3041) today perhaps due to the Lunar Year celebration. The same could be expected for the rest of the week for Asia if no surprises hit the market. At the time of writing, euro spiked up to 1.5050 as German IFO was released. Market [...]
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 [...]
After a decade of sustained and rapid growth, the retail foreign exchange (Forex) market is seemingly entering the phase of consolidation. Japan, which used to have the top place globally with estimated USD 65B per day turnover is estimated to have come down to USD 35B/day. The decline of Japan market does not represent the [...]
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 [...]
