EUROPEAN SESSION UPDATE: Top German court to review the bond purchase program partially responsible for a thousand point rally; Kuroda says watching long term loan rates…
Posts Tagged ‘point’
The Japanese Yen corrected lower as risk sentiment trends digested after yesterday’s blood-letting. S&P 500 index futures point to more of the same ahead
German government bonds rose, with 10-year bunds advancing for a third day, after the World Bank cut its global-growth forecast and a slide in stocks spurred investors to seek safer assets. Austrian and Dutch securities gained with other so-called semi-core securities amid concern the Federal Reserve is moving toward reducing its program of monetary stimulus, known as quantitative easing
Prior $7.97bn. Revised to $8.40bn Revolving credit (credit cards etc) +$682.3m vs -$906.4m in March Non revolving credit (car, student loans) $10.4bn vs $9.3bn in March The increase in revolving credit can point to loosening of consumers purse strings as it can be said that consumers feel more comfortable borrowing to spend
The Consumer Price Index (CPI) rose 0.4% in the 12 months to April, following a 1.0% increase in March. Declining gasoline prices were largely responsible for the 0.6 percentage point difference in the 12-month change in the CPI.
Traders are attributing recent AUD/USD weakness to two main factors – weakness in the economy in China weighing on commodities, and the potential for the RBA to cut rates at its meeting next week. However, a number of factors point to a potential reversal in AUD weakness
RBS analyst Brian Kim says a “plain and boring” long USD/JPY trade is the best way to take advantage of the weakening yen after the G20 gave a free pass to the BOJ. He says further action from the BOJ could mark a tipping point that prompts Japanese institutional investors to push money offshore.
EUROPEAN SESSION UPDATE: EUR/USD erases a forty point decline in today’s session despite a disappointing German ZEW economic survey…
The US dollar continues to put pressure on the euro in Friday trading, as the Cyprus bailout crisis worsens. Responding to Cyprus’ rejection of a bailout agreement, the ECB announced on Thursday that it would cease providing financial support to the country’s banks next week, unless a new agreement on a rescue package was reached. In economic news, there were a host of releases on Thursday
• Bankers’ elite club largely intact • Institute of Directors speaks out • How to unwind QE • Betting against the Pru Five years ago this week the banking crisis became serious.
Canadian industries operated at 80.7% of their production capacity in the fourth quarter, down slightly from the 81.1% in the third quarter. The decline was a result of lower capacity utilization in the manufacturing sector
USD/CAD is showing little movement in Tuesday trading, as the pair trades in the 1.0270 range. The markets continue to nervously monitor the political crisis in Italy, which shows no signs of a breakthrough
GBP/USD is showing some movement in both directions in Tuesday trading.
EURUSD: 1.3018 Short-Term Trend: weak uptrend Outlook: Our entry point at 1.3010 was elected last… For more information, read our latest forex news and reports
The British pound continues to show some fluctuation against the US dollar, as the markets digest the unwelcome news of an inconclusive vote in Italian parliamentary elections. With no party winning a majority, it will be tricky task forming a workable government.