posted by Admin on Feb 16
Whilst many traders remain cautious about the Euro, it has moved higher in trade on expectations that European finance ministers will not say anything new on the debt issues that surround the Greek economy. Yesterday the European Chief Jean Claude Juncker said that Greece had until March 16th to propose new measures to trim their deficits.
Market News
With the US markets shut for Presidents Day yesterday, the US Dollar inched ever so slightly higher in relatively thin trade
European finance ministers picked Portugal’s Victor Constancio to be the new deputy president of the ECB at the end of May
The latest data from the CFTC shows record short positions against the Euro
Minutes released from the latest RBA meeting showed that they decided to leave interest rates on hold in order to assess the impact of past rate hikes
Major Economic News
TIME MARKET DATA
0930 UK CPI
posted by Admin on Feb 11
The Euro rose once again as we edged closer to the EU summit. Leaders are scheduled to meet today, and traders will be looking for details on how the other European nations plan to help debt-stricken Greece. The Euro is now at three-week highs against Sterling, breaking through the 200 day moving average.
Market News
Civil Servants went on a 24 hour strike in Greece yesterday to show their frustration with government spending cuts
Australian jobs data rose once again for the fifth straight month, with unemployment now at 11 month lows
Ben Bernanke stated yesterday that he may raise the borrowing rate to banks as the initial step in his exit plan from the current monetary policy
Mervyn King left the door open for the Bank of England to re-start their quantative easing programme in the future.
Major Economic News
TIME MARKET DATA
DELAYED DUE TO HEAVY SNOWFALL IN US
posted by Admin on Nov 6
With US payrolls released later on in the trading session, the Asian markets were relatively quiet overnight. Non farms, plus the G20 this weekend, meant Asian traders stayed on the sidelines. RBA increasing their growth forecasts from 0.5% to 1.75% and saying rates will rise steadily. Equities also higher with Nikkei + 0.8%, Shanghai +0.6% and Sydney + 1.7%. Markets could stay in tight ranges into the data today.
Market News
AUDUSD range 0.9092-0.9139. Even with RBA comments AUDUSD hasn’t really motored but rather a steady rise from sub 0.9100. Resistance topside at 0.9150/0.9180/0.9200. AUDJPY also bid with positive stocks helped and AUDUSD will find support 0.9085/0.9050.
USDJPY range 90.57/90.86. Still stuck in its range. Helped by higher Cross/JPY but very quiet. Support 90.30/50 resistance 91.00/91.20.
EURUSD range 1.4854-1.4881. As with other pairs seems everybody waiting for US data before we break one way or another. Topside resistance at 1.4900/45/65 with 1.4840 first support
Major Economic News
TIME MARKET DATA
1330 Non Farm Payroll figures
